SBF-Denies Improper use of Customer Funds in a 1 on 1 Interview - page 3.

Silberman

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Quote from: dezoel on December 05, 2022, 06:19:02 AM

Quote from: gantez on December 04, 2022, 10:04:38 AM

Quote from: Lucius on December 04, 2022, 05:46:16 AM

The fact that he is still outside the prison bars speaks volumes about his status, currently untouchable...

He will still be free to go about because the court yet to bring up his case to find him guilty. So for this time he can still be around everywhere but not because he is untouchable. Due process to find him guilty will be follow and if he is guilty he will go to jail

The same thing happened to the founder of luna before. After the tragic incident, Kwon was still roaming around and even attempted to travel in other places to escape but I think later on he is still caught out and sent to jail. Sbf is soon going to suffer the same faith as kwon. With all of what he had done, he can't say that he wasn't guilty and there is no need to prove anything in the court.

We have a lots of witnesses here, the whole word actually. I know he donated some money to some governments before but that shouldn't be an excuse for this guy to get away with his crime's. There is what we called a law and that must be followed no matter what.

We must never underestimate the ability of lawyers to get their clients to walk away free of charges as long as they are paid a fortune in the process, it is obvious to us that SBF is guilty and he should spend the rest of his life in jail for what he did, but if he plays his cards right and he blames someone else while the judge turns a blind eye to the evidence or it is simply never brought forward by some legal loophole, then SBF could avoid spending too much time in jail and still have a fortune waiting for him once his time in jail is over.

dezoel

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Quote from: gantez on December 04, 2022, 10:04:38 AM

Quote from: Lucius on December 04, 2022, 05:46:16 AM

The fact that he is still outside the prison bars speaks volumes about his status, currently untouchable...

He will still be free to go about because the court yet to bring up his case to find him guilty. So for this time he can still be around everywhere but not because he is untouchable. Due process to find him guilty will be follow and if he is guilty he will go to jail

The same thing happened to the founder of luna before. After the tragic incident, Kwon was still roaming around and even attempted to travel in other places to escape but I think later on he is still caught out and sent to jail. Sbf is soon going to suffer the same faith as kwon. With all of what he had done, he can't say that he wasn't guilty and there is no need to prove anything in the court.

We have a lots of witnesses here, the whole word actually. I know he donated some money to some governments before but that shouldn't be an excuse for this guy to get away with his crime's. There is what we called a law and that must be followed no matter what.

Pejoh Asu

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Quote from: 2stout on December 04, 2022, 10:05:02 AM

As the CEO, this happened on his watch- where is the responsibility and accountability, guess he is trying to avoid jail time. I think proof shows that customers' funds were improperly used.

Real proof is the purchase of luxury property used for FTX employees, according to the total property report purchased by FTX is hundreds of millions of dollars, besides that he also has a wealth of more than $ 30 billion and according to a report of around $ 10 billion in a bank account and all assets should be confiscated .

Lucius

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@gantez, I would like him to receive a very long prison sentence as an example to all others who decide to deal with serious matters in such a frivolous way. But considering his social status, and the status of his parents, and the fact that he donated a lot of money for political purposes, even if he were to be convicted, the president can pardon him at any time. Such an outcome would not surprise me at all.

Quote from: Yogee on December 04, 2022, 09:27:26 AM

I'm more inclined to believe that this is the case here. I really doubt he's that incapable as he appears in the interview. Maybe his lawyers told him to act dumb or confused so they could use that during the trial. It's like how they would use a defendant's "insanity" to get a not guilty verdict or a reduced punishment.

I can't say if he's acting well, or if he's just the way he is because I don't know him personally - although various strange stories are circulating about him and his team living a very unusual life, to say the least, in their villa in the Bahamas. It all really looks like a bunch of incompetent and greedy kids who enjoyed themselves while it lasted, and now they're going to pay expensive lawyers to get them out of trouble.

Silberman

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Quote from: TimeTeller on December 04, 2022, 03:05:05 PM

Quote from: 2stout on December 04, 2022, 10:05:02 AM

As the CEO, this happened on his watch- where is the responsibility and accountability, guess he is trying to avoid jail time. I think proof shows that customers' funds were improperly used.

Let us expect that he will be very cautious on what he will say as this will indict him on the spot.
Definitely, he talked to his lawyers before this interview and coached him the extent of what to say in public.
So I think, there has reservations from his side, to divulge only few things to the public.
Don't expect that he will be too honest of what he will say as of course, he needs to protect himself from self-incrimination.

Besides at this point who cares about what he says? When people have credibility then I care about their statements but when the person saying something is a liar then why should I believe anything that comes out of his mouth? At this point the only thing that matters is what it can be demonstrated in court, and I have no doubt SBF and his lawyers are trying to hide or destroy all the evidence they can in order to win the case and maybe try to scam more people again.

TimeTeller

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Quote from: 2stout on December 04, 2022, 10:05:02 AM

As the CEO, this happened on his watch- where is the responsibility and accountability, guess he is trying to avoid jail time. I think proof shows that customers' funds were improperly used.

Let us expect that he will be very cautious on what he will say as this will indict him on the spot.
Definitely, he talked to his lawyers before this interview and coached him the extent of what to say in public.
So I think, there has reservations from his side, to divulge only few things to the public.
Don't expect that he will be too honest of what he will say as of course, he needs to protect himself from self-incrimination.

2stout

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As the CEO, this happened on his watch- where is the responsibility and accountability, guess he is trying to avoid jail time. I think proof shows that customers' funds were improperly used.

gantez

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Quote from: Lucius on December 04, 2022, 05:46:16 AM

The fact that he is still outside the prison bars speaks volumes about his status, currently untouchable...

He will still be free to go about because the court yet to bring up his case to find him guilty. So for this time he can still be around everywhere but not because he is untouchable. Due process to find him guilty will be follow and if he is guilty he will go to jail, He is not untouchable

Yogee

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Quote from: Lucius on December 03, 2022, 11:10:21 AM

....or maybe someone just wanted him to look like a victim of some other people within his company who abused their powers.

I'm more inclined to believe that this is the case here. I really doubt he's that incapable as he appears in the interview. Maybe his lawyers told him to act dumb or confused so they could use that during the trial. It's like how they would use a defendant's "insanity" to get a not guilty verdict or a reduced punishment.

Lucius

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Quote from: davis196 on December 04, 2022, 01:56:32 AM

I'm surprised that SBF didn't run away to some obscure Latin American, African or Asian country in order to escape from the justice.

That would be a stupid move, because with that he would practically admit that he is guilty, and considering that he has influential friends, it is better for him to stay where he is and try to pretend that he didn't know what was really happening. Besides, do you think that a character like this who lives in luxury all his life can spend the rest of his life hiding somewhere far away from the public eye?

The fact that he is still outside the prison bars speaks volumes about his status, currently untouchable...

davis196

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I'm surprised that SBF didn't run away to some obscure Latin American, African or Asian country in order to escape from the justice.
I kinda respect him for the decision to stay and admit his guilt(partially), but he is most likely a sociopath and a pathological liar.
A sociopath might say "I'm sorry, it's my fault." multiple times, but that doesn't mean that he feels any regret or remorse.
Sociopaths are really manipulative and they lie all the time. It will be quite interesting to see what kind of lies SBF will come up with.

mindrust

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He did a little fuck up there and another here but he didn’t steal from his customers and bribed the democrats nooo \s

There is only one way to deal with this kind of people. We all know it but we are afraid to say it.

A punch right in the face.

The sad thing is he is never going to get it.

hugeblack

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Quote from: hyudien on December 03, 2022, 07:16:12 AM

Supposedly with the evidence that already exists and the things that incriminate him to be imprisoned until now there is no news of his actions. Even if we trace deeper into SBF being one of the US political donors, is it possible that some kind of fund has entered the political space so that he is truly immune from punishment. The fate of the victims whose funds were not compensated should have become valid proof that SBF must be punished to the fullest extent. What is it about US legal policy that acts more slowly. There are always suspicions that should be questioned.

I do not know about that, but if the court issues a decision, he will certainly be arrested. It seems that everything that is happening now is a platform that has gone bankrupt, not deceiving users and stealing their money, so no charges have been filed, but what baffles me is that he is still in the United States and making press statements.

In general, all these statements will be used against him in the future, and let's see what happens.

Gyfts

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This interview is literally only done so he can ease public pressure on federal authorities to indict him on charges related to fraud.

In essence, usually for criminal charges to be levied (criminal charges meaning the penalty being prison), SBF would have had to engaged in conduct where he knowingly created a risk of fraudulent activity and disregarded that risk. Even if he did not facilitate fraudulent transactions or sign them off, he would still be liable if he was at all aware of them.

SBF is taking the negligence angle here, in which he might concede that he should have been aware of the misconduct that was going on at FTX, but that he was not actually aware of such misconduct, thus subjecting him only to civil liability. Civil liability means fines, not prison time.

Keep in mind, every statement SBF gives is under careful advisement of an expensive legal team. This interview wasn't done so he could come clean to the public, it's strictly done to ease pressure the feds might have to indict him by the public. Theoretically, any country that had user funds stolen could levy charges against him, but they don't have jurisdiction. If SBF were to step foot in any of these countries, they could arrest him on the spot.

gunhell16

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I watched that interview with Sam Bankman-Fried in the NYT, and while I was watching the interview with him, I was annoyed at his answers to the questions he asked, he was lying, he was doing it with his hands washed and using the NTY he was showing it he is a clean person.

He emphasizes that he is not at fault and has nothing to do with the incident, which is very impossible for you, the Founder, to know nothing about what is going on in FTX, that is a big joke, then he goes on to say that his funds in the bank were just tight, but you will see bought expensive houses and land and others worth billions of dollars. There are so many holes that no matter what he refuses, his stench will evaporate.

BitDane

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Quote from: eaLiTy on December 03, 2022, 01:02:03 PM

Quote from: hugeblack on December 03, 2022, 05:34:02 AM

Is it possible that he has not been charged with a criminal offense yet? With all these cases of wasting clients' money, bankrupting the organization, I thought he would be imprisoned, or at least he would be banned from traveling, or he would try to hide from public appearances.

When you have parents who has connections at the top, you might get away with things like this. His mother Barbara Fried has connection to the democratic party and having fundraising organization that caters to the party and his dad Joseph Bankman who had connection with top executives where he was able to source funds easily for his son and his political connection and when you have those combinations none of the media will not chastise him and might get away with frauds like these Wink

.

Not only parents, SBF already gain favor of lots of influential politician due to his political donations. We might see someone being pinned on this case, and it looks like she is the girlfriend of SBF and CEO of Alameda. I feel sorry for this lady because I think it is all SBF's plan or someone powerful that is working behind the scene and the girl is just a figurehead of the company without any authority at all.

gantez

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Quote from: target on December 03, 2022, 11:48:22 AM

He already has legal counsel who will ensure him free. A question answerable by Yes or No took a long turn, just beating around the bush.
He's prepared to face court and it's the court that isn't prepared for him. He's got a ton of backer who are more powerful than the judges and victims.

Except the judges will be corrupt and turn judgement to his favour. If the court will do the right thing, it should not go his favour. SMF has a first responsibility to take care of customer money and protect it as the CEO of FTZ but the money is use for paying of some unfound debt which is wrong. For the many reasons that he can present with his lawyers but he did not protect the money in his watch.

eaLiTy

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Quote from: hugeblack on December 03, 2022, 05:34:02 AM

Is it possible that he has not been charged with a criminal offense yet? With all these cases of wasting clients' money, bankrupting the organization, I thought he would be imprisoned, or at least he would be banned from traveling, or he would try to hide from public appearances.

When you have parents who has connections at the top, you might get away with things like this. His mother Barbara Fried has connection to the democratic party and having fundraising organization that caters to the party and his dad Joseph Bankman who had connection with top executives where he was able to source funds easily for his son and his political connection and when you have those combinations none of the media will not chastise him and might get away with frauds like these Wink

.

Fortify

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Quote from: BitDane on December 03, 2022, 01:22:19 AM

ABC News anchor George Stephanopoulos had a 1 on 1 interview with Sam Bankman-Fried. In this 10+ minute long video, the anchor asks SBF if he new about the FTX deposit are being used to pay off Alameda creditors. It took a while for SBF to answer and deny that he knew about the improper use of customer fund.

Here is the original video from ABC news : https://abcnews.go.com/GMA/News/video/ftx-founder-sam-bankman-fried-denies-improper-customer-94268098

Here is the Time Stamped Commentary video[1] done by The Altcoin Daily channel

In this interview it is obvious that SBF is hiding the truth. Another note taking is that he admit that he did not take his position seriously that leads to FTX bankruptcy.

Anything he is saying right now is simply an effort to try and stave off any criminal actions against him, which are likely going to evolve at some point. "Dumb like a fox"? Is a strange expression, as they are usually animals described as sly or intelligent. You have to discount anything he says really, because he is the person ultimately responsible and the way he treated the company was downright criminally irresponsible. He was responsible for a lack of customer funds separation and part of the problem was the side business that was manipulating trades that actually benefited his personal wealth. It feels like the administrator is about to uncover a heck of a lot of bad business practice that has landed FTX where it ended up.

target

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He already has legal counsel who will ensure him free. A question answerable by Yes or No took a long turn, just beating around the bush.
He's prepared to face court and it's the court that isn't prepared for him. He's got a ton of backer who are more powerful than the judges and victims.

Topic: SBF-Denies Improper use of Customer Funds in a 1 on 1 Interview - page 3. (Read 620 times)