Topic: When will Sam Bankman-Fried go to jail? - page 5. (Read 2430 times)

@JJG
SEC is investigating the spokespeople and large investors to see how much due diligence they done because some of them are fiduciaries and are suppose to protect customers..

cough o'leary cough

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@mvdheuvel1983
as for time served for SBF..
lets hope that its statutory maximums to be served consecutively where he is guilty of all 8 (one after the other..)
and not statutory minimums of only a couple, to be served concurrently(both at same time)

The evidence seems to be supporting that there are a lot more folks who are likely deserving of indictments, including but not limited to SBF's parents... So, hopefully we are going to be seeing a few more heads rolling at some point..... but it could take a bit of time before such additional indictments come out... and sure there are a lot of skeptics who likely believe that justice might not be served in this case.... and hopefully some of this information is going to become more and more available with the various simultaneous bankruptcy proceedings too.. .. including figuring out the extent to which some of the Bahamian government officials might have been wrapped up in some of the shenanigans (and possibly even cover up attempts, perhaps?).  Of course, as a reference point, this seems to be way more complicated with an interwebbing of various companies as compared with the Bernie Madoff matter.. or even more intricate than the Enron matter... so hopefully the civil investigations or even reports of the current wind-down bankruptcy CEO (or would it be trustee?) JohnRay III might end up contributing information that can be used in the separate criminal proceedings.. so yes, lots of overlap and hopefully not covered up as much as some folks might believe to be the end results in the criminal culpability speculations.

I'm curious to see how long he actually serves. As a result of his parents' high status in the legal world, the fact that bail was granted, and money was paid is telling.
I can't wait to see how the defense comes up with a strategy.
Perhaps it is more pertinent to ask the judge(s) and prosecutor whether they take things as easy as possible on SBF because of their legal and professional influence, which can shape a lawyer's future career.

In principle you are right, but I wonder what the liquidity situation in the Bitcoin market specifically would be looking like when all people withdrew all their funds to personally controlled wallets? I haven't been looking into any decentralized trading solutions for Bitcoin to be honest, but I guess that even exchanges played a positive role to some degree in terms of making Bitcoin accessible to the masses. On the one hand those zero regulated exchanges caused a lot of harm when they disappeared out of a sudden, but on the other hand it has never been easier to get access to an asset class from anywhere in the world ever. This is not to say that I generally think it's a good thing to have these shitty exchanges implode, explode, scam, conducting inside jobs and what not. But truth be known, I suppose it eventually helped the Bitcoin excitement spread like wildfire all over the globe.

Jail is full of scammers and the cycle repeats itself, jailing or not, will have no effect on the real change, and this change must come from the individual who entrusts his money to a third party.

 That it happens in the Fiat environment is something that there is no way to avoid, but if there is a bitcoin (crypto) environment, open mind to  NYKNYB(C) premise.

I initially thought that SBF's chances to get off with a black eye might be real, but when I conducted further research and checked several written sources and videos where he is taking and giving interviews, I really believe that this is not going to end well for him. The story he is trying to convey comes with a huge gap between his purported intellect over the past years building such an empire and the intellectual and practical deficiencies he now claims to suffer from that ultimately led to FTX's demise. There are so many allegations in the room and he keeps claiming that he didn't know the tiniest thing about any of them. I wonder how far such a strategy can actually carry someone in front of a jury and a judge. He transferred billions in hidden moves to Alameda Research and now he is really trying to tell people at court that he didn't know about those transfers and so on. No way.

Is the court obligated to ultimately prove that SBF initiated such transfers? If all the circumstantial evidence is overwhelmingly conclusive, would a court still have to prove that he pushed the button eventually? I mean SBF is really talking nonsense as if he was on the wildest drug cocktail ever.

I have heard that he was detained by police and he was busted. And there was really big drama behind this. And Now he was also bailed out of total 250 millions of dollars and that was biggest Bail I have ever heard. And I do not know that why this is happening with us. And that's not good at all.

We're here for the money, and that's how the world works, so I think there's no need to be sad about it, the world has been like that for thousands of years, and it's never been fair. SBF can go to jail, but it won't be for too long, and the victim's money will never be returned. Government can confiscate assets from SBF, but they will not pay investors, but instead they will continue to use them for their political purposes, which is the greed of any government.

Money is really omnipotent. I used to cowardly think that money can only solve some problems, but my misunderstanding, because if you think money can't solve problems, it must be because there is not enough money.SBF's expression made me see calmness, calmness and no sense of fear, it should be that he does have the capital to resist the killing of the outside world.

in law two things need to be established
A- an event was a crime
b- who was involved

without the ex GF and ex employee guilt pleas, there would have been extra trial time needed to prove that a crime was committed. so their pleas helped speed things along

however their pleas can provide SBF an exit by saying the crimes were only comminuted by ex gf and ex employee and he had not involvement i the activities of them

the next 10 months will have ample time for the prosecution to audit records and find evidence to link SBF to things. and well yea time for his defence to find excuses/stories to detach from the activities

devils advocate, playing scenarios in head. i can see SBF defence being something like this:
"many now ex-colleagues and ex girlfriends had access to keys of the co-mingled funds. all they needed to do was to inform a phone number via text(DM of social chat app) of their intentions to move funds and get a thumbs up emoji that the intentions were acceptable.. but can anyone prove using CCTV footage of who was handling the phone doing the acceptable emoji's or who was signing transactions.. because ex-colleagues and ex-GF stayed in my mansion alot, and my phone was accessible to these people to send themselves texts or write tx's and sign via my devices and their own"

however... now looking into things more about viable defence stories SBF lawyers can spout/generate.. SBF ex lawyer in bahamans is cooperating with authorities to give evidence against SBF
which will be more nails in the coffin for point (b) above

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in other news about the $250m, zero-upfront bail deal(that meant to be sealed):
apparently SBF's new US lawyers have taken control/ownership of SBF bahama real estate(worth over $300m) and so they put that up as signed collateral incase of absconding. and the judge knowing the lawyers law licenses/reputation were also on the line if they dont pay up if he did abscond, trusted that the money would be paid,(but currently unable to be paid recently because its not liquid(its brick and mortar)) and thus no upfront amount or deposit was needed.. but shh no one should know this as its been sealed

Based up on some movie similar situations which is attached on real life situations then they are really just trying out to buy time for these things to be forgotten and they would really be cherishing out and
making use of those funds of those FTX users.

It is really just sad that money can bought everything even that Justice where those affected users been hoping for but for me if im one of these affected users
then i wont really be raising my hopes up for any justice for this case.Its better to move on and learned a lesson on a hard way.

Are they really looking for more evidence to convict him, or are they trying to buy time for things to be forgotten? In my opinion, the confession of his ex-girlfriend Caroline and the co-founder of FTX is enough to convict him without further evidence. Immediately after being extradited to the US, he was released on bail, and now that his impeachment trial is suspended until October just because he refuses to plead guilty, I am really confused by the court's decision.

I did comment on this point in another topic in the Press board, but I guess it got nuked.  The trial taking place in October gives computer forensic experts more time to gather all the evidence they need to nail him to the wall.  That's a good thing.  A rush to trial with a lack of evidence would not be desirable.

I don't understand why the trial was adjourned to October, again it makes me feel that SBF will never go to jail. Every decision is in his favor even if his 2 accomplices have pleaded guilty and he is unharmed, he is not in custody, and he is under house arrest with a Tracking Device. This is too lenient for what he did. When the SBF accepted extradition to the US, I began to believe that US law would save him, and now everything seems to be precisely what I was thinking.

Although, two of his closed associates have pleaded guilty and are cooperating with the authorities concerning the investigation, Sam Bankman-Fried has pleaded "not guilty" and the trial has been adjourned to 2 October 2023.

Source: https://www.cnn.com/2023/01/03/business/sam-bankman-fried-plea/index.html

my view of ross ulbright is that although(no proof) it appears that he was not personally handling the drugs, he was actually running a modern a drug house/den

much like gangsters in america use kids to handle the drugs but the gangboss financially benefits from the drug deals the kids do. so he isnt innocent

however scam-bankman-fraud is also not innocent and has not put any money down to get bail. and if he absconded his parents can just do an alex jones and file bankruptcy to avoid paying the fine.(bail debt)

financial crimes have financial loop holes which if you are well versed in finances you can get away with most of the time

Looks like we won't have to wait too much longer to find out what is going to happen to our deal old Sam Bank-Fraud.  With a plea deal expected to come next week, we'll learn what cushy jail he'll be spending his time in for probably nowhere near as long as he should.  It's absolutely insane to me that Sam can be outside of a jail cell while Ross Ulbright remains in custody.  It goes to show that it's never about the people.  It's about control and while Sam's attempt to grab control for the government failed, they can still control those who are fighting for freedom and their fellow citizens. 

There are plenty of videos of him giving interviews, he can't say he was under influence everyday...
Still, with crazy American justice, it might work. I didn't know it was possible, but the $250 million bail which set him free, he hasn't paid a single dollar.

He claimed battling depression in order to be released on bail, when you came to any kind of claim like this the judge will require you to go through an evaluation, which is quite common and it saves the court the trouble of another evaluation when the actual hearing starts as well. Neah, the insanity excuse has flown a long time ago, he can't play that card, especially since that would mean he was under the influence even during events like the testimony in Congress a year ago,  he won't go through something that can send him in more troubles, he will just say he was stupid, he made mistakes but he truly believed everything was fine, just like a kid would say he's sorry

 

This part of the news article that says that he is required to undergo mental health treatment and evaluation might find something that will lower his sentence. If everyone remembers, some of the other news articles mentioned Sam and his team took amphetamines for more productivity when they were working in the office. However, there are some types of amphetamines that can turn some people into impulsive gamblers.

I reckon Sam's lawyer can use this as a plead for a type of temporary insanity because he was under the influence of drugs.