Topic: SBF-Ross Ulbricht - page 6. (Read 3249 times)

SBF's Company FTX Bancroft's $32 Billion Value Drops to Zero Value in an Instant. FTX tried to attract big investors by promoting them in various places. They have sponsored various international sports and have enlisted Hollywood stars including Tom Brady as influencers.  And in the middle of the Super Bowl they promoted ads in what is called the world's most expensive ads spot and they succeeded and It was clashing with Binance.  But due to some mistakes by SBF, FTX vanished overnight.  SBF is solely responsible for this.  The value of FTX was 32 billion dollars which was not the personal property of SBF.  It was a public investment.  So SBF has to take responsibility for these. So SBF should be punished more severely. Because millions of people's hard earned money was deposited  in FTX.

I'm not sure whether I can state with certainty which of them deserves to be punished, but all I know is that both of them have committed grave crimes and should receive grave punishment. Ulbricht has committed multiple crimes, including hacking into computers and setting up websites where people may buy narcotics and weapons from information I got. According to how I perceive the situation, SBF is guilty and deserves to receive the same prison sentence as ulbricht despite he have not be finalized guilty with his act of money laundry.

Since both are guilty, both must be punished.  If they do not receive adequate punishment for the crime they have committed, many will later turn their finger on the justice system and commit this type of crime a second time. 

As we have seen in the SBF scam, FTX has earned people's trust before. FTX has sponsored various big tournaments and campaigns which has created a trust in FTX. By exploiting that trust or trust, they have committed this huge fraud. But many would have expressed satisfaction with the justice system if the SBFK court had taken an initiative to return those whose money they embezzled without sanctioning house arrest. 

People here are making SBF's crimes bigger than Ross Ulbricht's crimes. But both are equally guilty on both sides so both should have been punished. But the fact that one is punished and the other is fine with the family is really surprising.

That's good option to have and I don't know if there's a case running about taking out SBF property just to covered up those people affected and pay them up by using that option. If that is the really possible then its good for the user so that they can still receive some amount and that's good justice for them.

Also would like to see some celebrities got penalize for SBF scam since if they don't participate to promote those scam platforms this FTX and SBF will not became famous.

I feel like celebrities need to start taking responsibility for what they support. Shaq recently filmed a lot of commercials for sports betting companies here in Australia and Mark Wahlberg did the same not too long ago.

These celebrities will disgrace their name and reputation for money without considering the morality of the platform they are pushing. Basically Greed on both sides, the investors and FTX. Everyone wants to get rich quick and no one cares to keep tabs on what's really going on.

Just to be precise these are the quoted crimes that he committed for which he is serving a jail term. Link.

He is not a saint! He got convicted in 2015 but he destroyed many lives from 2011 till his conviction. He did make millions, he enjoyed his life to the fullest, none of us can imagine that kind of lifestyle. Those days were a golden period for anyone who knew how the Internet worked and he utilized his criminal mind to its utmost potential. Please stop pretending he is innocent.

SBF took fraud to the next level. He basically utilized the potential of social media and the upcoming innovative idea of blockchain. He destroyed many household's earnings and he is still living a lavish life. He knows how to manipulate as well as utilize the US system. He is doing it with ease as he is living a lavish life under house arrest.

Ulbricht is already serving a life jail term in in the US, while SBF is still going through legal proceedings until he is found guilty. But Ulbricht didn't scam anybody he just created an illegal platform that people voluntarily join. But SBF used different advertisement strategy which includes expensive endorsement and promotion deals with different celebrities with the intention of attracting people and using their funds for personal use. Both of them acted against the law but I think SBF deserves harsher punishment.

This should be the case but we know how slow the justice system there that's why this two guys still can live an easy life outside even if they have to many cases due to what criminal actions they do. But since they create a huge crime possibly this will prosper since many eyes are following this case and provably the authority handling this case is been watch on how they handle this case since many people are watching on how they can get a justice on what SBF and Ulbricht done to them.

This two criminals is important to fell down in jail because it will give justice and satisfaction to their victims.

Of course I think the black web site that Ross Ulbricht had was extremely vile and criminal. Various types of criminal illegal goods and narcotic drugs and various black money transactions have been conducted from the Silk Road web site. Ross Ulbricht was later found guilty and arrested when an investigation into Silk Road operations began. And he was sentenced to life in prison by the United States government court. I think this is the maximum sentence for him.

In late 2022, cryptocurrency faced yet another major criminal that nearly brought the crypto market to ruin. Many investors suffered huge losses and later he was convicted and arrested.  Then he was sentenced to 115 years by the court. But his father made bail in a plea deal of $250 million and allowed him to live under house arrest with his family. I think the court did not correct this decision rather SBF should have given him a tougher sentence.

                                                                    
A criminal may commit a greater crime when he is acquitted or released from the prescribed punishment. The better the judicial system of any country, the less crime can be found. Ross Ulbricht is serving the punishment for his crimes which is a good thing. But Sam Bankman Fried is still living a life of luxury in his home, which is not a punishment. Therefore, he should be convicted and sentenced to speedy execution under the law. America today is claimed to be the role model of the whole world, but there is also a lot of corruption and terrorist activities. Sam Bankman Fried and Do Kwon are among the few individuals who have committed heinous crimes in cryptocurrency world. As a crypto-investor, I expect a terrible punishment for both of them.

Both criminals should be punish, but when we look into the perspective one crime might be greater than the other in my own view cause of the amount life destroyed financially, emotional and mentally. But all the same I still maintain the stand that no criminal should be left unpunished. The one at home @sam bankman fried should receive the highest punishment because he case is has left millions if not billions crippled financially due to this ftx scandal. But just like you said corruption of the justice system in the USA won't allow justice to prevail. Although he is still up for trials so can't be prison yet but let's see after the trial on October  what punishment would be given to him.

Both are criminals and both should be punished. Ross Ulbricht is already serving his sentence. I have no qualms against him anymore. The real problem at the moment is Sam Bankman Fried. He is still not in prison because the US justice system is not as competent as it seems. He has bribed them and living a luxurious life under the pretense of house arrest. This is the same guy who made millions by using his ponzi token and caused so much pain as well as panic in the mind of investors. Many are still struggling to survive but this guy is enjoying his life in his house. He needs to go to jail!

I searched the website with two people to write something. From the results I got, I made a meme with a signal and posted it for you. All I know about Ross Ulbricht is an e-commerce based website he created in early 2011 called Silk Road, he was indicted and arrested in mid-2013 for this website. He was later convicted in 2015 and is currently serving life in prison. Around that time, he was sentenced for embezzlement of assets amounting to one billion dollars.

But SBF who is currently the most talked about in the crypto world for his own website FTX.com. In November 2022, his company was declared completely bankrupt and various allegations were made against him and the allegations were proved to be true. He embezzled and laundered as much as $10 billion in public assets by bankrupting his own exchange FTX. But now, even though the allegations against him are proven, he is sentenced to 115 years in prison, but SBF is now living in family detention with his parents under special conditions. Although in this case his father gave the government a $250M bond.

I would like to say one thing to you that a person who has caused a financial loss of a billion dollars is currently in jail while a person who has caused a financial loss of ten billion dollars is currently out of jail.

Ross Ulbricht He committed the crime bye he was punished.  I respect the law in that he was sentenced to 20 years in prison for his crime.  But the two culprits here are Ross Ulbricht and Sam Bankman Fried (SBF).  Ross Ulbricht is serving a prison sentence of 20 years by law for his actions, but he is serving time under house arrest for committing more crimes than the SBF.

Crime1: Sam Bankman Fried (SBF) FTX has more than 1 million customers owing SBF due to its bankruptcy.  Out of 1 million people, thousands of people were on the verge of suicide.

Crime2: Sam Bankman Fried (SBF) is living under house arrest after he bribed US legal officials with $250 million to free him from the law.

Finally, Between the two persons we have committed two crimes to the SBF, I for my part let him be hanged.  Because later on, he should not have the opportunity to commit any crime.

Hanging! Hanging!! Hanging!!!

i think that's the same faith he would enquired if he was actually from my place too,  well corruption has eaten the structure of every government especially the judiciary which are supposed to be handling such cases with care and preciseness but only to be having some adjustments to some ("special cases") thats how i would put it. He  currently awaiting trial so he is supposed to be in some kind of restricted place for the government to be watching his movement but not in prison yet because he needs to be trialed on Court to plead if he is guilty or not,  for me I don't think this is even necessary because seeing that he is very influential and with the backings of a rich mom and dad, i feel maybe he penalties for the massive fraud crimes will be very little compared to what he is supposed to be served. But my take on this issue is he should be serve according to the law after his trial and the law should not adjusted because of his influence on the Society, this man has so much life with this scandal of his so its only his own life too gets destroyed.

Sometimes influence cannot be used if the case is so strong and many people following the updates towards the criminal who do the crime to many people. And in case of SBF I don't think those powerful man willing to attach their name to them because it can ruin their polical career so most provably only SBF is the one who's helping self and for sure once the case will be tackled again by the authority this man will be totally sent to jail.

Its just those people who get affected will continue to seek for justice so that this man cannot escape for the frauds he done to many people around the world.

Ross Ulbricht created an online platform called Silk Road Reloaded and Dark Web. He used to buy and sell various illegal money transactions and drugs etc. from there. When this secret source was later leaked, Ross Ulbricht was indicted and subsequently arrested. And the US government sentenced him to life in prison for his crime. I think that is punishment enough for him.
The past year has seen another major criminal named Sam Bankman-Fried, the CEO of FTX. Who broke the dreams of many investors at the end of 2022 by deceiving his cryptocurrency exchange. He almost brought the cryptocurrency market to ruin when he announced the bankruptcy of FTX. And later when he was arrested for this crime. And the United States government took him to court and sentenced him to 115 years in prison. But her father, Joseph Bankman, was later released on $250 million bail in a plea deal and lives with his family under house arrest. I think this sentence was not enough for him but it was better to give him life imprisonment.

Silk Road was the most sophisticated and extensive criminal marketplace on the Internet. This site enables hundreds of thousands of drug dealers, including smugglers, to move hundreds of kilograms of illegal drugs. As far as I know, the site's sales total $1.2 billion. He was able to quickly grow his money through illegal transactions. He tries to attack people by threatening to reveal information. All in all he is a big criminal. Sam Bankman-Fried is another serious offender in recent times."The collapse of FTX was a crime, not an accident," many might think of as an accident, but it was definitely a fraud, making Bankman-Fried look like a serial liar," SFB argued in various ways. FTX rival Coinbase CEO Brian Armstrong tweeted, implying that even the most naive person shouldn't believe Sam's claim that it was happen by an error.

Ross Ulbricht's crimes may be trivialized in the first place, but his crimes are very serious. If the illegal drugs that he bought and sold had spread throughout the world, it would have posed a great threat to human life. Earlier, the court convicted him and sentenced him to life imprisonment.  I think it is a fitting punishment for him. On the other hand SBF bankrupted an exchange where people had invested huge amounts of money. Many have lost confidence in crypto currencies due to scams. People don't trust exchanges anymore. But he was also found guilty by the court and sentenced in a conflict. The court convicted him and sentenced him to 115 years in prison. But his family made a special plea through money and got permission to keep him under house arrest. Even after committing such a big crime, since the court gave him so much relief, many people will not be afraid to do such scams later. As a result of which the money deposited by the common people will be destroyed, so I would say that the court should reconsider this matter and give a verdict.

There is more to Ross Ulbricht's life than we know. Ross Ulbricht created a website called Silk Road in February 2011 primarily so that people could buy and sell products using his website. He created the website Silk Road for the purpose that people can choose the right product according to their choice and freedom using this website.  He created the website with great intentions but later the Silk Road website spread worldwide and many buyers and sellers were attracted to this website. Here various products are widely used for buying, selling, searching and within few days the worldwide Silk Road website turns into a huge marketplace. But no one can believe that this huge website is running illegal services, goods, activities, smuggling, prohibited transactions etc. under the cover of buying many products. In the wake of these anti-social activities, the FBI launched an investigation and was arrested on October 1, 2013. Based on the so-called various complaints and complaints, he was sentenced to two life terms and 40 years of imprisonment without physical labour.
However, in April 2022, President Joe Biden pardoned 78 convicted criminals who had been involved in various criminal activities, including murder, extortion, money laundering, and various anti-social activities. But 38-year-old Ross Ulbricht, who is involved in less criminal activities than them, is serving time in prison. His case has been recommended for re-investigation at various times from various quarters but his case has not been brought under any prosecution from any political quarters.

However, despite committing more crimes than that, the sentence was waived due to the recommendation of political leaders. The SBF involved in the most recent FTX scam was arrested for stealing and laundering $10b from innocent people, but is currently under house arrest due to recommendations from various political circles and a $250M bond, if SBF's crime in this case is Much more serious than Ulbricht.


Ross Ulbricht is currently known as a model inmate in prison and he teaches inmates about education, awareness and various topics. In addition, his family at various times in the name of Ross Ulbricht formed various funds and supported various organizations. In addition, he established a charity fund called Art4Giving to support incarcerated families and has distributed more than $500,000 to various organizations and incarcerated families.