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Topic: SBF-Denies Improper use of Customer Funds in a 1 on 1 Interview - page 4. (Read 620 times)

legendary
Activity: 3234
Merit: 5637
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I definitely recommend that you watch this video, because if it wasn't clear to you until now why everything failed, when you see Bankman talking about some things, it becomes clear to you that he actually has no idea what he's talking about, or maybe someone just wanted him to look like a victim of some other people within his company who abused their powers.

At one point you feel sorry for him and maybe send him a donation, because he has nothing more than $100 000 left. My free advice for him, let him buy 5 BTC and become a long-term holder, and with the rest of the money let him rent a small apartment and get a job at McDonald's - of course if mommy and daddy manage to buy him freedom.
hero member
Activity: 686
Merit: 987
Give all before death

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.  
Sam Bankman-Fried can afford to hire some of the best lawyers in the world. I am sure he has even hired some of his defense team that would give him the best legal advice and service. Anything he says in this interview can be used against him in the court, that's why he needs to be very careful. I am sure all his statements would be based on the legal advice he has received. Therefore don't expect Sam to speak the truth because he needs to protect himself. But the truth is that he mismanaged people's funds and used them for some incriminating activities. I am sure he would not escape sanctions, if his donation beneficiaries in government doesn't influence his trial.     
hero member
Activity: 2198
Merit: 607
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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.

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.
hero member
Activity: 3038
Merit: 617
It's a wonder how this guy still wasn't handcuffed. But he actually can get away with all that he did through the help of his parents and the politicians he bought. And the media is not just representing him like he is a misunderstood philanthropist but also wants the people to think that he has no intention of scamming. It wasn't premeditated.

If he isn't someone with well-connected parents, SBF would have been in jail already and could end up dead by suicide.

legendary
Activity: 3528
Merit: 1234
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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.

The strangest question is, is it possible for anyone to believe him? Especially since most of the tweets at that time were denying the rumors that the platform was in a bad financial position.

Problem is this SBF and his fraud gang is in fifth position of mega-donors for the 2022 midterms USA elections, we are talking about almost 40 millions USD according to a Washington Post analysis of Federal Election Commission data (financing both parties candidates aligned with his philanthropic vision of so-called "effective altruism"  Roll Eyes )so they definitely  had gained some friends among the people who matter.

And this situation sucks even worse, if possible, if you compare it to the one of that Tornado Cash developer who has been qarrested in the Netherlands and seems like Dutch authorities decision was the result of a direct request by the US authorities because they consider ( particularly their OFAC - Office of Foreign Assets Control) Tornado Cash as an enabler for transactions between terrorists and criminals.
If this is the case then they should also arrest whoever invented the internet because many criminals use it.

hero member
Activity: 896
Merit: 654
Leading Crypto Sports Betting & Casino Platform
This is normal, what do you expect him to say? Of course, he can't label himself a criminal, or do you believe someone that has not been tried by a court of competence to be preaching guilt? BSF is certainly guilty as far as the documentaries I watched about him are concerned, there are many possible charges that would be filed against home when the time comes.

What you referred to is just an interview, and I know he would say what his lawyer(s) advised him to say. However, his innocence remains paramount unless a court decides otherwise. So, let's give investigators a chance to do their job as we seatback and watch.
legendary
Activity: 2702
Merit: 4002
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.

The strangest question is, is it possible for anyone to believe him? Especially since most of the tweets at that time were denying the rumors that the platform was in a bad financial position.
legendary
Activity: 1372
Merit: 2017
What he may say has the same credibility as that of some of the scum that swarm the forum and some of those in cahoots with him: in other words, none.

I already commented it some time ago in another thread: I remember seeing in an interview a psychiatrist saying that very rarely people who commit crimes admit they have done something wrong. In other words, the one who rapes a 9 year old girl justifies it by saying that she "provoked him", and things like that.

That's why I'm not surprised that now this asshole comes out saying that he hasn't done anything wrong. The only thing I hope is that he spends many years in jail.
sr. member
Activity: 1372
Merit: 348



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

Timestamps:[1]
0:00 - Did SBF know about the stolen FTX user funds?
1:49 - SBF on FTX's collapse: "I wasn't even trying."
2:27 - SBF pretending to be ignorant?
3:17 - Bernie Madoff/Ponzi level fraud?
4:11 - Did SBF know user funds were being stolen?
4:44 - It takes SBF 5+ minutes to answer.
9:38 - DO NOT BE FOOLED! (SBF is dumb like a fox)
10:15 - SBF on losing his entire personal net worth
11:08 - Do you believe him?



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.  



[1] https://www.youtube.com/watch?v=tR-3h-gagjs
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