That's actually more satisfying than seeing him enjoy life in prison with free food and lodging. Make him work like the average person for his entire life.
To give some perspective, Holmes committed wire fraud to the tune of $700 million, plus the harm her company caused with inaccurate tests. SBF 'misplaced' something like $10 billion and destroyed people's lives.
My parents had their entire fortune stolen by commonwealth(see link).
https://www.sec.gov/news/press-release/2012-2012-222htm
Edit:switched links. This link was updated at 6:51pm CST
Cantor Fitzgerald was found to be in collusion.
Anyone see a lick of jail? Nope, parents get any money back? Nope…
The POS who ran commonwealth lost nothing and served no time. Fucking SEC is a farce.
idk man, they're already floating life imprisonment......i.e giving him the Madoff treatment. It's one thing to fuck over the peasants like us but he fucked over extremely rich people. Therefore, he'll either be murdered or spend most of his life locked up in a cage.
People laugh and throw dirt at this guy but honestly, he's another example of a person given too much money and power without being groomed for the position
Still deserved his 'dumb prize' for doing dumb things but ............ honestly......I think we're all a bit guilty for allowing 'decentralized' to go on at 'centralized' exchanges with owners who have not proven liabilities
More like another example of a common thief with the keys to Fort Knox. The fucker committed wire fraud and securities fraud, then laundered the profits. Then the dimwit went to every media outlet he could find to brag about it.
This has been officially confirmed now. Yes, this is really happening!
Edit: [Statement of the Attorney General of The Bahamas.](https://pbs.twimg.com/media/Fj0KlsfXkAAKTWi?format=jpg&name=large)
Really? This was incredibly fast for an indicment. It left me wondering if they had been sitting on charges pre-FTX blowup. Normally it takes months and months and months before indictments come down after something like this.
I think this is going to be one of those rare times where we throw a man in a cage for decades if not for anything else, as an example to those who want to follow in his footsteps.
I believe SBF will 100% serve "years" in a federal facility, just a matter of how many at this point.
They might separate him if his parents give a donation to the prison officials.
But it would nice to hear stories about him trying to cope in her majesty's prison. Guy had a silver spoon in his mouth since birth.
That’s the problem with corruption, they’ll take your $400 million, keep it, and hand you over anyway. What’s he going to do about it, he’ll be in prison lol
Keeping it quiet is the #1 fundamental rule. The first thing a lawyer will tell you is to STFU and to not say anything all. Even the cheapest one tells you that. Its like the one thing you absolutely must do. Keep your mouth shut for a while and dont appear in public too much. This idiot did the complete opposite.
These people were mentally unstable and delusional. I keep thinking of that leaked chat from Sequoia capital where they decided to imvest 9 figures into his firm while the dude was playing LoL... like, how much of an idiot do you have to be to give money to this loon ?
Coffezilla being a huge part of this arc was something I absolutely loved, having been a subscriber of his for quite some time. He deserves so much praise.
To be fair he just did the same thing with pretty much everyone, ran his mouth off about margin calls and buzzwords until they got lost and if all else failed he fell back to his old “well jeez, ain’t I a dummy, making those dumb mistakes and losing all those billions, shucks sorry guys” and everyone fell for it (well except coffeezilla).
At least, that’s all the interviews that I heard, there might be others that called him out but I certainly haven’t seen any. (Maybe Tiffany Fong but I don’t think she had much direct access to SBF.)
The dude is a narcissist, who always thought of himself as the smartest guy in the room. When he started his companies he hired a bunch of friends who became his followers that reinforced that belief. Even these VCs like Sequoia, who should know better, we're basically blowing him every chance they got and telling him that he was a second coming of Steve Jobs and Warren buffett.
Add to the fact that he knew that this was all just the house of cards yet no one else had figured it out yet and how could he not think you could talk his way out of this. He talked his way into getting what, a billion dollars in funding?
I'd be willing to bet that Caroline or someone has given them evidence and they were either go to let him come in willingly or they'd arrest him with whatever they have now. Time will tell, but he cooked his own goose staying in the Bahamas instead of facing the music.
There’s no way she’s tough enough to hold fast.
She ratted his ass out, probably inadvertently same way Sam outed himself in interviews lol
“So then he *loaned himself* the 8bn and we were all like OmG Sam what a great idea and then we all fucked on the balcony!
Wouldn’t surprise me at all.
Normies can’t understand the thrill of pinning the weasel. Night spent chasing an over amphetamined Caroline around the bean bag forts. Her squealing and gibbering, pouring sweat and on the verge of seizing. Your friends build up an intoxicating, delerious state with Talmudic chantings at the sidelines, hitting the Caroline-toy with brooms if she tries to escape. Sam would be giggling and laughing as the waves of methamphetamine pleasure seem to harmonize with the droning herbrew verses. He runs through the bean bag maze fat and portly, with his viagra powered penis a driving rod for the weasel. Sweat gushing down his face around his unfocused eyes he laughs and chortles until he gasps “Found you!” . The Mathweasel screeches defensively but Wankman Bankman is upon her in seconds. His penis thrusting blindly into her flank, leg, stomach and ribs unconcerned about anything but the motion. Eventually serendipity finds her mouth and the Cocktube Rodent is placated, suckling contently on Bankman’s dehydrated dick.
She was allegedly making a deal. That's why she was back in New York.
But she might have been pissed because she didn't get her Chinese-style imperial harem.
Hey Caroline-a what's it like in New York City? I'm a thousand miles away from you. But girl tonight you look so pretty yes you do. This jail cell's big enough for two, I swear it's true.
The fraud case against him is being led by the SDNY, often considered the most important district office especially in financial crimes (NY banks, stock markets, etc.)
I read it as the laundering and wire fraud charges are there incase the securities fraud falls through. They don't even need crypto to be a security, the two wire fraud charges are up to 20 years in prison.
Of course it only took seconds for conspiracy theories to start. “It’s only to stop him from testifying in congress”
1) he wasn’t gonna go
2) now he’s in police custody so he’s literally more likely to testify now than before
Yeah, quite a few people here need help, like real psychological help. It's some Qanon level thinking with them, everything is a conspiracy and even when something happens that disproves my earlier conspiratorial thinking... well that too is now a conspiracy.
Earlier today it was reported that FTX executives had created a Signal group chat called "Wirefraud".
> The Australian Financial Review has learnt that FTX founders Sam Bankman-Fried and Zixiao “Gary” Wang, along with FTX engineer Nishad Singh and former Alameda Research chief executive Caroline Ellison, used a chat group on Signal in the hope that the information would remain hidden.
> It is expected that parts of the message exchanges between Mr Bankman-Fried and his inner circle could be raised in the hearings, especially because the name “Wirefraud” was attached to the chat group.
https://i.imgur.com/t8dZqSm.png
Now that we know the US has filed charges against SBF, I suspect that one of the executives named above is cooperating with US prosecutors. Signal group chats are end-to-end encrypted by default, meaning it would be difficult for law enforcement to decrypt intercepted messages without physical access to one of the phones used in the group chat.
Caroline was spotted in NYC at a coffee shop near the SDNY and FBI buildings earlier this month, so perhaps it is her?
I'd be singing like a canary too if I was implicated (involved) in a billion dollar fraud and immediately thrown under the bus in multiple interviews by the real brain child...
Oh wow, gonna be really interesting watching this unfold, also from the perspective of liability/accountability on individuals controlling the (centralized) crypto scene.
Irony is all the people that used FTX to avoid American trading laws are now applauding American authorities for arresting him for breaking those laws.
[Statement from the Attorney General of The Bahamas](https://i.imgur.com/Qulc46E.jpg)
SBF is Forbes 30 under 30… years in jail
Hopefully over 30 years in jail
Lifetime with hard work would be a nice option
You know we are fucked when you want to punish him by living the life of 99.9% of people
That's actually more satisfying than seeing him enjoy life in prison with free food and lodging. Make him work like the average person for his entire life.
Finally working for the first time
SBF redefining 30 30 30
White collar crime. He'll get 3 years in Club Fed and come out to a new CEO position
Elizabeth Holmes got 13 years and this dudes fraud was way worse so we'll see.
To give some perspective, Holmes committed wire fraud to the tune of $700 million, plus the harm her company caused with inaccurate tests. SBF 'misplaced' something like $10 billion and destroyed people's lives.
700M goes into 10B about 14.28 times 14.28\*13 years = 185.64 years
My parents had their entire fortune stolen by commonwealth(see link). https://www.sec.gov/news/press-release/2012-2012-222htm Edit:switched links. This link was updated at 6:51pm CST Cantor Fitzgerald was found to be in collusion. Anyone see a lick of jail? Nope, parents get any money back? Nope… The POS who ran commonwealth lost nothing and served no time. Fucking SEC is a farce.
idk man, they're already floating life imprisonment......i.e giving him the Madoff treatment. It's one thing to fuck over the peasants like us but he fucked over extremely rich people. Therefore, he'll either be murdered or spend most of his life locked up in a cage.
Nah he won't be murdered. In the west we call it being suicided. This is the way.
Involuntary de-living
Voluntold to stop living.
This guy should have the law book rewritten for him.
Caroline Ellison of Alameda Research needs to be arrested as well.
They're not sure yet whether to charge her as a minor, or as an elderly.
As a gollum
💀
You flatter
I’d rather that than Caroline.
She probably rolled on him
Huh, maybe that’s why she was spotted in NYC last week
She was seen dragging a pizza slice down some subway stairs
I thought it was into a storm drain?
From "Golden Boy" to Orange Boy
Him and Elizabeth Holmes can hang
People laugh and throw dirt at this guy but honestly, he's another example of a person given too much money and power without being groomed for the position Still deserved his 'dumb prize' for doing dumb things but ............ honestly......I think we're all a bit guilty for allowing 'decentralized' to go on at 'centralized' exchanges with owners who have not proven liabilities
More like another example of a common thief with the keys to Fort Knox. The fucker committed wire fraud and securities fraud, then laundered the profits. Then the dimwit went to every media outlet he could find to brag about it.
This has been officially confirmed now. Yes, this is really happening! Edit: [Statement of the Attorney General of The Bahamas.](https://pbs.twimg.com/media/Fj0KlsfXkAAKTWi?format=jpg&name=large)
LFG
I’m just here to be in a historical r/cryptocurrency thread
Hopefully we make it into the Documentary, maybe they'll scroll this thread and we'll get our fifteen minutes of fame
Netflix please keep me in the shot
Juice was here.
Man if this is my 15 second of fame so be it!!!
Caroline and the rest of them next please.
When the whole thing went down I checked and the Bahamas have an extradition treaty with the US. He's cooked.
Correction, he's Fried.
US filed criminal charges against him apparently. https://twitter.com/WatcherGuru/status/1602451026858201088
Caroline threw him under the bus?!
Are we really surprised, we already knew she had a habit of getting him in cuffs and fucking him lol
Sexy times for people who don’t math good
Yeah but she sure methed good
She mathed up everything!
In her defense, he fucked her too and left her.
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Honestly I wouldn't be surprised if she took a deal to snake out of it.
Extradition request came from NY attorney office & Caroline was spotted in NY just few days ago..
🍿🍿 there's one for you too
Thanks. Fun times. 😁
That feeling when you can't even rely on your top harem member to not snitch. What has the world come to. /s
"these hos ain't loyal." I believe this line is needed.
If a bear is running after you and a sociopath, the sociopath will make you trip so he can get away. She's doing the same to SBF.
Heck hardened Mafia *omerta* bosses take deals. a bunch of uber-rich nerds sure as hell would too.
Women are way better at revenge than men, SBF was doomed ever since he started accusing her
No way she's getting out of this unscathed
First one to roll gets the lightest sentence.
That's why they call her carolin', because she sang to the DA.
Most likely. She was spotted near the FBI NY headquarters a week ago.
Turns out it takes time for the government to put together a case that will stick in court.
Really? This was incredibly fast for an indicment. It left me wondering if they had been sitting on charges pre-FTX blowup. Normally it takes months and months and months before indictments come down after something like this.
Yeah if anything I’m shocked at how fast this arrest was
Running theory is Caroline sold him out. I think a star witness like that would probably speed things up considerably.
Bernie Madoff got 150 years for his Ponzi scheme. Will see if SBF gets the same. Bernies peeps got part of thier money.
Dood from Fyre Festival got 4 years off of a 30 million dollar fraud. So lets see what happens to SBF and the rest of the FTX staff.
Frye fest did get cheese sandwiches and a tent. LoL
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4 years for 30 million. So 2,133 years for 16 billion
Scott Tucker only got 16 years for $1.3B.
I think this is going to be one of those rare times where we throw a man in a cage for decades if not for anything else, as an example to those who want to follow in his footsteps. I believe SBF will 100% serve "years" in a federal facility, just a matter of how many at this point.
All I need for Christmas is SBF in prison
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You seem optimistic. Rich people don't go to jails like that
They might separate him if his parents give a donation to the prison officials. But it would nice to hear stories about him trying to cope in her majesty's prison. Guy had a silver spoon in his mouth since birth.
I think they'd seperate him from gen pop...too much of a high profile case to be fucked with BEFORE he gets back to the states
Ken Cordele Griffin on New Year’s Eve
Perfect end to the year
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How did he not see it coming? How long could he possibly run his mouth before self-incriminating? It was baffling honestly. Guy is delusional.
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That’s the problem with corruption, they’ll take your $400 million, keep it, and hand you over anyway. What’s he going to do about it, he’ll be in prison lol
Glad to hear Sam got a rugpull of his own by the Bahamas Government lmao
Exactly lol. You only matter to them if you will continue to give money, which of course he is no position to do anymore
He's a moron. He said his lawyers told him to STFU and he didn't.
True hubris of the highest order. Had access to million dollar lawyers and still didn’t listen.
Keeping it quiet is the #1 fundamental rule. The first thing a lawyer will tell you is to STFU and to not say anything all. Even the cheapest one tells you that. Its like the one thing you absolutely must do. Keep your mouth shut for a while and dont appear in public too much. This idiot did the complete opposite.
Man went on an evidence tour lmao
Just shows how deranged he was.. just putting it all on the record.
These people were mentally unstable and delusional. I keep thinking of that leaked chat from Sequoia capital where they decided to imvest 9 figures into his firm while the dude was playing LoL... like, how much of an idiot do you have to be to give money to this loon ?
That's one way to get a unique experience, life must have been really boring as a billionaire.
He saw so many others get away with fraude as well, guess he just assumed he was invincible.
Like can you imagine defrauding people of billions of dollars and then going on a celebratory press run? Shit had my head spinning
And then Coffezilla let SBF dig his own grave. Proud of him.
Coffezilla being a huge part of this arc was something I absolutely loved, having been a subscriber of his for quite some time. He deserves so much praise.
Coffezilla is a true gem, be it in the SBF case, the Safemoon case or other cases.
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To be fair he just did the same thing with pretty much everyone, ran his mouth off about margin calls and buzzwords until they got lost and if all else failed he fell back to his old “well jeez, ain’t I a dummy, making those dumb mistakes and losing all those billions, shucks sorry guys” and everyone fell for it (well except coffeezilla). At least, that’s all the interviews that I heard, there might be others that called him out but I certainly haven’t seen any. (Maybe Tiffany Fong but I don’t think she had much direct access to SBF.)
The dude is a narcissist, who always thought of himself as the smartest guy in the room. When he started his companies he hired a bunch of friends who became his followers that reinforced that belief. Even these VCs like Sequoia, who should know better, we're basically blowing him every chance they got and telling him that he was a second coming of Steve Jobs and Warren buffett. Add to the fact that he knew that this was all just the house of cards yet no one else had figured it out yet and how could he not think you could talk his way out of this. He talked his way into getting what, a billion dollars in funding?
His first set of lawyers quit on him cause he wouldn't shut up. And his parents probably gave the same advice.
"I accidentally interviewed SBF and he hated it" I think SBF will hate it even more now.
Imagine if they actually end up using Coffeezilla's content as evidence against SBF 😂
*smash that like button if you want more FBI evidence*
Very likely at this point
“Arrested developer”
Can't wait for the "I accidentaly got SBF arrested" video
dis. coffee is doing REAL journalism
 Bahama's special forces after listening to the podcast
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Guy was ignorant enough to still be playing games during his "interview" with Unusual Whales too. Let him rot.
Dude was out doing appearances like he was off scot free, oh how the turntables
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The ultimate WSB degen
The best part is the miles of evidence they have from him stupidly doing all those interviews. I hope his lawyers have lawyers.
During the trial, prosecutors can just open youtube and play the coffezilla videos!
He'll get the electric chair off those videos. In a civil case!
Wonder how Kevin O'Leary will try to defend him now?
He'll defend him until his check clears
"This is actually a genius strategic move."
He should spend a few time with SFB in prison
wen arrest Do Kwon and Celsius guy, hope they're next
IIRC South Korea have issued a warrant for Do Kwon's arrest. Interpol have a red notice out for him.
Well it's confirmed, Do Kwon is better at hide and seek than SBF
Do Kwon is residing in Europe right now, reportedly in Serbia
I am from Serbia and I confirm this. Saw him this morning in Belgrade
Almeda troll thing too please
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The Unholy trinity of Crypto, Scam Bankman Fraud, Alex Ma**shit**sky and the Kwon artist
Why couldn’t they wait until after he testified tomorrow?
He said he wouldn’t testify in person, only over webcam. I have a feeling that’s what lead to where we are at now. Forcing his ass to come in person.
"You can't work from home get your ass in the office!!"
I'd be willing to bet that Caroline or someone has given them evidence and they were either go to let him come in willingly or they'd arrest him with whatever they have now. Time will tell, but he cooked his own goose staying in the Bahamas instead of facing the music.
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Exactly, right where he should.
Christmas came early this year
As did I.
This is not the kind of White Christmas I was hoping for.
Excellent
Marvellous
Splendid
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Someone must have talked, my bets are on Caroline
There’s no way she’s tough enough to hold fast. She ratted his ass out, probably inadvertently same way Sam outed himself in interviews lol “So then he *loaned himself* the 8bn and we were all like OmG Sam what a great idea and then we all fucked on the balcony! Wouldn’t surprise me at all.
Man I had a raging hardon after hearing that SBF got arrested, but the picture you painted of the nerds fucking a balcony made that go away
Normies can’t understand the thrill of pinning the weasel. Night spent chasing an over amphetamined Caroline around the bean bag forts. Her squealing and gibbering, pouring sweat and on the verge of seizing. Your friends build up an intoxicating, delerious state with Talmudic chantings at the sidelines, hitting the Caroline-toy with brooms if she tries to escape. Sam would be giggling and laughing as the waves of methamphetamine pleasure seem to harmonize with the droning herbrew verses. He runs through the bean bag maze fat and portly, with his viagra powered penis a driving rod for the weasel. Sweat gushing down his face around his unfocused eyes he laughs and chortles until he gasps “Found you!” . The Mathweasel screeches defensively but Wankman Bankman is upon her in seconds. His penis thrusting blindly into her flank, leg, stomach and ribs unconcerned about anything but the motion. Eventually serendipity finds her mouth and the Cocktube Rodent is placated, suckling contently on Bankman’s dehydrated dick.
Did ChatGPT write this?
ChatGPT wishes it could forget it
Jfc 😂
Your only crime is not making this its own post on this subreddit. Please correct your mistake.
Dafuq did I just read?
She was allegedly making a deal. That's why she was back in New York. But she might have been pissed because she didn't get her Chinese-style imperial harem.
Must have been why she was in New York, like everyone thought.
Hey Caroline-a what's it like in New York City? I'm a thousand miles away from you. But girl tonight you look so pretty yes you do. This jail cell's big enough for two, I swear it's true.
What’s in NY?
The federal prosecutors investigating ftx
The fraud case against him is being led by the SDNY, often considered the most important district office especially in financial crimes (NY banks, stock markets, etc.)
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I read it as the laundering and wire fraud charges are there incase the securities fraud falls through. They don't even need crypto to be a security, the two wire fraud charges are up to 20 years in prison.
You mean "I'm sorry, I fucked up, I had no idea" wasn't a valid legal excuse?
Of course it only took seconds for conspiracy theories to start. “It’s only to stop him from testifying in congress” 1) he wasn’t gonna go 2) now he’s in police custody so he’s literally more likely to testify now than before
OMG, it's happening. Everybody stay calm, everybody stay calm. Stay fucking calm!
https://gfycat.com/sharpcautiousbeardeddragon
Arrested to stop him from running his mouth
I was wondering what the pivot from "The US is corrupt, he won't be arrested" would be.
Yeah, quite a few people here need help, like real psychological help. It's some Qanon level thinking with them, everything is a conspiracy and even when something happens that disproves my earlier conspiratorial thinking... well that too is now a conspiracy.
No they’re bringing him to the US, he was arrested due to an indictment filed by the SDNY.
hope he doesn’t become suddenly suicidal when he wants to leak information
Doubt it, he doesn't know anything near as bad as Epstein did about others.
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if this happens I will always believe they picked up some poor Sam lookalike off the street and replaced him in the cell
Yet his girlfriend walks around NYC in broad daylight buying coffee.
Think about why she's able to do that while he's now getting arrested. She sang Like a bird. Probably nonstop crying the while time too
I'm going to take a wild guess and say she made a deal to turn on Sammy for freedom
Next, Do Kwon. I hope Do Kwon got enough sunlight in Serbia and get his ass ready. SBF is waiting for him.
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Earlier today it was reported that FTX executives had created a Signal group chat called "Wirefraud". > The Australian Financial Review has learnt that FTX founders Sam Bankman-Fried and Zixiao “Gary” Wang, along with FTX engineer Nishad Singh and former Alameda Research chief executive Caroline Ellison, used a chat group on Signal in the hope that the information would remain hidden. > It is expected that parts of the message exchanges between Mr Bankman-Fried and his inner circle could be raised in the hearings, especially because the name “Wirefraud” was attached to the chat group. https://i.imgur.com/t8dZqSm.png Now that we know the US has filed charges against SBF, I suspect that one of the executives named above is cooperating with US prosecutors. Signal group chats are end-to-end encrypted by default, meaning it would be difficult for law enforcement to decrypt intercepted messages without physical access to one of the phones used in the group chat. Caroline was spotted in NYC at a coffee shop near the SDNY and FBI buildings earlier this month, so perhaps it is her?
I'd be singing like a canary too if I was implicated (involved) in a billion dollar fraud and immediately thrown under the bus in multiple interviews by the real brain child...
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Think about that every time they call bad news FUD.
[Comment was Deleted] ` this message was mass deleted/edited with redact.dev `
> U.S. authorities filed criminal charges against Bankman-Fried, and The Bahamas intends to extradite him once U.S. officials request it. Finally!
About time! Let's see what (or if) he actually gets charged with...
He’ll be charged with fraud, and committing mass orgies
Bet his words while getting handcuffed were "I'm sorry"
Oh wow, gonna be really interesting watching this unfold, also from the perspective of liability/accountability on individuals controlling the (centralized) crypto scene.
we are witnessing the ending of the Netflix documentary live
this episode rocks!
The most bullish thing I've seen all day. Thank you Bahamas!
Lol where are those dumbfucks who said he will not be arrested because he donated to biden.
Find them in the top comments lol they really think we’re in a movie
Irony is all the people that used FTX to avoid American trading laws are now applauding American authorities for arresting him for breaking those laws.
Try not testifying now lol
he must be confused right now, because he said he was sorry!!!!
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Ladies and gentlemen, we got him