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Sam Bankman-Fried = guilty!
Posted: Thu Nov 02, 2023 4:51 pm
by dmbrocker
Looks like he's going away for a long time, too. Anyone here following this?
Re: Sam Bankman-Fried = guilty!
Posted: Sat Nov 04, 2023 8:07 pm
by Indy_Rob
Following it somewhat. He’s toast. Everyone turned on him and testified against him. And he made the ill- advised choice to testify in his own defense. Easy conviction. Hope he rots for life.
Re: Sam Bankman-Fried = guilty!
Posted: Sun Nov 05, 2023 2:30 pm
by Bono Nettencourt
He had no choice. They weren't going to cut him a deal because everyone else sang to save their own skins, so he shot his shot, long as it was.
Re: Sam Bankman-Fried = guilty!
Posted: Sun Nov 05, 2023 7:51 pm
by Indy_Rob
Bono Nettencourt wrote: ↑Sun Nov 05, 2023 2:30 pm
He had no choice. They weren't going to cut him a deal because everyone else sang to save their own skins, so he shot his shot, long as it was.
True. It was a Hail Mary shot. He had nothing to lose, I guess, but testifying in your own defense rarely works out. And he was horrible on the witness stand.
Re: Sam Bankman-Fried = guilty!
Posted: Thu Mar 28, 2024 3:32 pm
by dmbrocker
Sentencing announced today. 25 years in the pokey, though maybe less with good behavior:
https://www.msn.com/en-us/news/crime/di ... r-BB1kGdFq
Re: Sam Bankman-Fried = guilty!
Posted: Thu Mar 28, 2024 6:40 pm
by Indy_Rob
He's going to Federal Pound Me In The Ass Prison.
Re: Sam Bankman-Fried = guilty!
Posted: Fri Mar 29, 2024 8:13 am
by EzyRider
"Hello, I need my 8 billion dollars back, can you arrange for a transfer?"
"(short silence) ... uuuuh, what 8 billion dollars are you talking about?"
I think there is around 9 billion still missing!!
https://www.theguardian.com/business/20 ... x-money-go
"At trial, the court heard from an accounting expert who said that $11.3bn in customer funds were supposed to be held at Alameda Research, FTX’s hedge fund arm. But only $2.3bn could be located. The rest had gone toward investments, political contributions, charity foundations and real estate purchases. FTX, remarkably, had left almost no records of transactions"
Re: Sam Bankman-Fried = guilty!
Posted: Fri Mar 29, 2024 4:25 pm
by ChipsRoach
This is what happens when you run a business under the influence of micro-dosing on shrooms, ecstasy, and who knows what else. At least the DNC got a shit-ton of contributions.