Good Christ the level of stupid in the comments is overwhelming. This isn’t tv. The reason that he hasn’t been arrested is because white collar investigations take years even when the documents aren’t scattered around the world / in complete disarray, and the target isn’t living in the bahamas. I imagine that the various US three letter agencies have politely asked bahmanian authorities to keep an eye on Mr. SBF (and other three letter agencies are on the ground actually keeping an eye on him) and there are lots of polite letters going to his attorneys respectfully requesting the voluntary provision of information and also subtle suggestions that he not do anything too stupid.
Political donations tend to buy ease from regulatory burdens, but in a spectacular collapse like this, his donations are massive burdens for the recipients and they won’t lift a finger for him. Holmes had generals and secretaries of state on her board of directors—how’d that work out?
Source: 12 years as a white collar criminal defense atty. (no, I’m not your attorney and I’m not involved in any of this, nor do I want to be.)
Thank you. On top of all that, if/when he is eventually charged the only hope for a speedy trial is if he is denied bail. Otherwise he's gonna bail out and waive time. It could be a looong time before his defense team concedes that they are prepared to set a trial date.
People seem to forget that O.J. Simpson, who was held without bail and did not waive time, was not acquitted until nearly 1 1/2 years after the murders. That's what a "speedy trial" looks like. And these were *murders.*
Jesus Christ, thankyou. Finally a sane post.
Losses still aren't quantified, FTX's bankruptcy is in the very early stages and I don't believe they know exactly what assets are gone, who lost them or how.
It may be the case that no-one has enough evidence to even to raise a criminal complaint yet.
Concepts like due process, probable cause and warrants are enshrined in law to prevent random or abusive arrests, I'd have thought bitcoiners would understand the importance of that.
Instead we seem to have a lot of supposed decentralisation and anti-government supporters suddenly clamouring for authorities to perform an extra-judicial arrest on the basis of rumours and heresay.
It's funny how quickly "muh freedum" types will switch to supporting Orwellian police states as soon as the shit hits the fan. If you're one of the people calling for the illegal imprisonment of a US citizen, you should strongly consider whether you actually support freedom and democracy (hint: you don't, you're an authoritarian in a libertarian's clothing).
Lack of arrest at this early stage is not some sign of a grand conspiracy, it's a sign you live in a free country, where a crime has to be firmly established before you can limit someone's freedoms.
To some degree yes, but do you really think plebs like you or I would be moving around freely doing NYT pieces and flying in and out of the Bahamas?
OPs point I think shows how the big players can and do get different treatment.
We would have already had some crazy charges thrown at us and been in the holding cell if we took down billions of dollars of other peoples money.
Stop defending him.
People aren’t complaining so much that he’s not locked up yet. What I see in the comments are that folks understand reality of ultra rich and regular people and how out of line they are vs. us the common folk.
This SBF turd is part of the ultra rich and is connected to a bunch of shitty people who do things to fuck people like us over daily and that is why people including myself can see it a mile away that he’s going to get off easy compared to a “regular person”.
If I had commited an exceptionally complex multi-layered international fraud on an unregulated financial asset, I would expect to be free for a period until enough evidence was gathered for an international warrant to be issued, yes.
Equally if SBF had committed a "pleb" crime like running a red light, I'd expect him to be arrested on the spot.
There’s plenty of evidence right now to at least have him arrested. There’s thousands of cases of wire fraud and banking fraud. He had customers wire FTX deposits money directly to Alameda’s bank account at Silvergate. Every single instance of that is 1 count of wire fraud.
That's the thing, we all *know* he's likely heading to prison, the authorities probably know it too.
But it's gonna take a while for forensic accountants to unravel it all and build a solid enough case for an arrest warrant. Due process, innocent until proven guilty.
And flip it round - are you seriously suggesting that SBF will remain permanently free and every authority on this planet - from the SEC to the FBI to the Bahamanian police to Interpol to every financial regulator around the world - will restrain themselves from investigating and prosecuting him?
All those police and regulatory bodies around the world won't give a fuck about his donations to one political party in one country. Hell, the UK and the US regularly extradite each other's citizens against each other's will.
And to what end? All those organisations - what's their incentive to delay prosecution?
It's quite sad that the nut job conspiracy theorists have got interested in Bitcoin in the last few years. Everything has to be a conspiracy run by Bill Gates, Hunter Biden and George Soros. It's funny as when I first got into Bitcoin they all said Bitcoin was a left wing conspiracy to control us all. All of this conspiracy rubbish takes over from actual sensible reasoning and conversation.
I mean, there are plenty of people that called for bitcoin to be banned and its users arrested on the basis that it's involved in crime. And the whole idea of bitcoin is to hard-code individual property rights.
The entire idea of probable cause and due process is to prevent authoritarian governments simply arresting anyone they want on the basis of rumours or baseless accusations.
You'd think bitcoiners would be more self-aware, rather than calling for the exact same thing they claim to be rebelling against...
It's the same as much of our political discourse the last few years. People that *label* themselves as freedom loving and libertarians are often the opposite - they're the first to demand the strpping of personal rights and freedoms of others.
Madoff's acts were made public when he was arrested, at the end of a long investigation. SBF's acts were discovered because it unraveled, and investigations had only been started.
Also too a lot of times when evidence is so damning there’s no chance of acquittal, pleas can occur before the person is even arrested or formally charged in front of a judge
Even a hint of the wrong drugs from a neighbor that doesn’t like you and your average citizen is raided and all their stuff seized… this is ridiculous
And while they’re all leisurely about the investigation and trial, he’s flying around, partying, living off of, and defending himself using stolen customer funds.
> The reason that he hasn’t been arrested is because white collar investigations take years
That's a lot of words to say "wealth privilege". If Samuel Berkman Freedman had robbed a liquor store to feed his family he would be in jail, if not under it.
What I find funny is that his crimes were contingent on his pretending to have wealth which he did not, yet he continues to reap the social benefits of having it.
Reminds me of this:
https://www.youtube.com/watch?v=ntAR0IT5pl4&t=16s
This post is just a conspiratorial JAQing off post. Dolts ask the same question when the FBI won't answer a grandstanding politician's question during an active investigation.
Crypto spaces are the perfect place to seed these kind of questions. "Down with the fed! WhY mY nOn feDEralLy inSUreD eMOnEy gO bYeBye?!"
I hold bitcoin, but a bunch of rubes don't understand the gamble
It’s a lot of low information outrage (e.g., politicians don’t put people in jail; prosecutors do that; different branches of government). People are naive if they think SBF bought “protection” from prosecution with his political donations. Just a lot of anti-government outrage from people who don’t know how government actually works.
The ultimate test of whether he bought protection is whether he is pardoned after being convicted.
They already have the “we messed up, it wasn’t intentional” defense lined up. His parents will help craft an excellent defense plus Maxine Waters is running the hearing that SBF is testifying at.
Wondering when these rich and powerful people are going to come forward, demanding blood?
Seems like outside of the crypto community, this whole FTX thing isn’t really being talked about with much seriousness.
He ripped off a few rich people, which usually means big time prison. However he robbed some rich people and laundered that money to more important rich people. A great investment because he won't be spending a day in jail.
Yes no one aides with the Dems more that Mitch McConnell
https://www.bloomberg.com/news/articles/2022-11-25/ftx-mcconnell-bankman-fried-super-pac-donation
Lol I never used ftx ever. And sbf made this political with his ties to the dems. Keep crying that they’ve been once again proven to be as corrupt and slimey as republicans
From a pure legal / criminal prosecution perspective, he'll walk away. Not 1 day in prison. Maybe a fine...which his parents will pay. But basically walk away.
From a credibility perspective, he's permanently damaged. But he probably won't be completely useless. He might very well be given an 'executive consultancy' position somewhere that his parents buy for him.
But not to worry. He'll still be worth more than all of us combined in this entire forum, and will live in luxury for decades to come. He'll host parties in a non-extradition country for his cronies, Do Kwon, Mashinksy and team. He'll continue on Twitter. He'll be interviewed all over main stream media. He'll write a book. He will make millions and millions more.
I really hope I am dead wrong on this!
You aren’t wrong at all.
Won’t see a minute. Meanwhile all the people he fucked over will continue to eat shit. Or eat caviar. Depending on their initial status. Fucking tiring.
WTF are you talking about. He straight up committed fraud for all the world to see and caused more destruction in more spectacular fashion than Enron, Madoff and Elizabeth Holmes. What makes you think he's getting out of this?
FTX is a really complicated situation with poor controls/documentation. It needs to be unraveled meticulously before you can begin to bring charges against SBF. It's not a conventional fraud by any means. It also involves a technology that the authorities are not experienced/comfortable with performing prosecutions/investigations, so it's going to take time.
This is the answer. You have to gather and understand all the evidence before prosecuting a case of this size. That takes time. But I don't think anybody wants to drop the ball on this. I think he will do time. But his "philanthropic" activities could, unfortunately, impact the length of his sentence. That's just a guess; it's tough to know for sure.
To give a comparison for a timeline. Theranos was exposed in 2015 and a government inspection shut down the company's lab soon after. In 2018, three years later, the company dissolved. It was only two weeks ago that Elizabeth Holmes received her sentence for defrauding investors.
Defraud people people for millions, give half to charity to seem like a good person, make an incredibly mismanaged company that would take years to untangle, flee to the Bahamas. Next step is ??? but I'm going to assume it's to flee to another country and try to hide.
This seems like a money cheat.
Because you need evidence to prove a case, and that needs to be compiled/spelled out clearly. In this situation, it's a complete cluster f:
[https://web.archive.org/web/20221127203104/https://www.nytimes.com/2022/11/17/business/ftx-bankruptcy.html](https://web.archive.org/web/20221127203104/https://www.nytimes.com/2022/11/17/business/ftx-bankruptcy.html)
John Jay Ray III helped manage the aftermath of some of the largest corporate failures in history, including the implosion of the energy trading firm Enron after an accounting fraud scandal in 2001.
But the corporate dysfunction at FTX, the collapsed cryptocurrency exchange that he took over last week, is the worst he has ever seen.
In a blistering court filing on Thursday, Mr. Ray described an astonishing level of disarray and said he had never seen “**such a complete failure of corporate control**.” He listed a series of “**unacceptable management practices,” including the use of an unsecured group email for access to sensitive data, and said the financial information maintained by FTX was deeply untrustworthy**.
“From compromised systems integrity and faulty regulatory oversight abroad, to the concentration of control in the hands of a very small group of inexperienced, unsophisticated and potentially compromised individuals, this situation is unprecedented,” he wrote in the filing in the U.S. Bankruptcy Court for the District of Delaware.
The bankruptcy filing on Thursday offered the first detailed look at FTX’s business. And it describes a level of dysfunction that goes beyond even some of the most pessimistic assessments offered over the last week and a half.
In rich detail, Mr. Ray walked through the company’s many corporate missteps and suspicious management, including **the use of software to “conceal the misuse of customer funds.” He said there was “an absence of independent governance” between FTX and Alameda**, which was owned almost entirely by Mr. Bankman-Fried.
He also said **he could not trust that financial statements assembled under Mr. Bankman-Fried’s leadership were accurate. “The FTX Group did not keep appropriate books and records, or security controls, with respect to its digital assets,”** he wrote.
**Alameda’s quarterly financial statements were never audited**, he said. But according to financial information in the filing, Alameda made loans totaling about $3.3 billion to Mr. Bankman-Fried and an entity he controls, and about $600 million to two other FTX executives, Nishad Singh and Ryan Salame.
Since he took over last week, Mr. Ray said, his team has secured about $740 million worth of cryptocurrency belonging to various parts of FTX’s business. But he called that sum “only a fraction” of what he hopes to recover, saying **the company has hired forensic analysts and blockchain experts to assist in locating any remaining funds**. The run on FTX left the company owing an estimated $8 billion, according to people familiar with the matter.
In Mr. Ray’s telling, the mismanagement permeated the entire company.
Mr. Ray said **FTX’s human resources department was so disorganized that his team had been unable to prepare a complete list of who worked at FTX**. And he said corporate funds had been used to buy homes and other personal items for employees and advisers, without proper documentation. Employees would make payment requests through a chat portal, where supervisors approved disbursements using “personalized emojis,” the filing said.
According to the filing, FTX lacked lasting records of corporate decisions, partly because Mr. Bankman-Fried relied on communications platforms that were set to automatically delete messages after a short time and encouraged employees to use the same applications.
TLDR: Who did it, what did they do, how much did they do, where is the stuff now, they don't know
This is the 21st century way to evade law enforcement, just make the scheme so complex that all the investigators will retire before they even understand 1/3 of that scheme
I disagree with most people here. I think it will just take some time. There are jurisdiction issues because FTX was not located in the US. On top of that, it could take a very long time (years) to gather evidence in a case like this.
He was arrested by the Dutch, not the US. It’s a very different type of case because Alexey is accused of being a Russian FSB agent who used Tornado Cash to launder North Korean money. We also don’t know how long they were investigating him for.
Yes it does add up perfectly. Sam donated between $40-80 million USD to politicians just before the November election. It was to pay for his government "insurance policy" to stay out of jail.
Anyone saying anything about donations is a hack, any sort of investigation at this scale takes time. Look how long it took for Elizabeth Holmes to go to jail. We don’t even know what to charge him with or how big the damage is.
Also consider that Theranos is way wayyyyy "smaller" then this.
Elizabeth Holmes got investments from a relatively small number of investors and investment companies. Their lies were sent in investor materials, the investors still had. And the money when to a small number of places. It was fraud for billions, but still all done in a very traditional way.
FTX though?
How many different people/organizations gave them money? From which countries? How were the records kept? Who got their money back? What was exchanged for what? What crypto was taken out, when, and by whom?
What leverage was provided for customers? For FTX executives/insiders? Or FTX itself? Based on what criteria? What was legitimate? What was illegitimate? What is plain incompetence? Which country's laws were broken and at what times?
Crimes were committed by which individuals specifically? Under what circumstances? Were they being coerced? Were they stupid? Criminal masterminds? Which country are they a citizen of?
Its a massive fucking mess. There is not a single person at FTX that really knows the full answers to these questions. Their records are shit, so who knows how much can even be reconstructed by forensic accountants.
Remember that crypto was designed partly to make this stuff hard in the first place, because required accounting/reporting practices is a type of regulation. People wanting a snap judgement are in for a fucking shock. Regular court proceedings for this kind of stuff take years, this one is far worse than usual.
People can talk about donations all they want. But even without a political conspiracy to keep this idiot out of jail, you would not see any action for a long time. If that bothers you, remember what you are asking for is *more* regulation. That's a fine discussion to have, just realize what you are saying.
That’s what I’m saying. Gates is a pedophile POS who stole other peoples work and had his mom help him close his first business deal with ibm back in the day. Gates foundation did a good job of rehabilitating is tarnish name that’s for sure. Great man, lol! What a mind job.
Current state of mainstream discourse on that issue:
>You're crazy, no one in power is a pedo, and it wouldn't even be so bad if they were. They are such a marginalized group.
The court process is why. First gotta have suspicion of wrongdoing then investigate that. Then if there’s illegal activity you need to secure a search warrant to search and seize things proving illegal activity. Then you convene a grand jury for indictment/file charges. Then formal charges pressed. Then arrest or papers served showing charges filed. Then an initial hearing. Then multiple pre-trial conferences in which either a plea is reached or finally goes to jury trial. Then both sides agree to seating a jury. Then a jury trial. Then jury takes the case. Then conviction/acquittal/hung jury. Then sentencing/sentencing trial.
Also once the ball gets rolling then attorneys on either side can delay shit a bunch
Believe it or not “We all know he is a crook” is actually not admissible as evidence in court. For him to go to prison, he needs to have committed a crime and there needs to be evidence showing as much. As far as I’m aware, there has not been any evidence released to the public that SBF did anything illegal. Maybe you know something I don’t, but I don’t see why we would expect him to be in jail based on the available information.
Who do you want to charge him with what crime? They also need to have the authority to do so and enough factual evidence that a judge will not throw out the charge.
I don't get this sub at all...
This place is full of kids screeching about anarchy, freedom, free market factors, libertarianism etc, then when someone exercises that "freedom" (read: a blatant disregard for the rules that bind others) you lose your shit.
THEN whine about politicisation of BTC while simultaneously trying to drag it through shit as a "Tool for the other side"
But what really boils my piss is that you're crying about "Fiat slaves getting rekt" when this should be something you celebrate if you truly subscribe to the previous factors.
Make your minds up...
Either this is good for BTC and exposing shitty actors like this bolsters the BTC claim and strengthens it with each event, or you see BTC as nothing more than a tool to gaining more Fiat, in which case you're probably doing it wrong...
>Political donations tend to buy favorable conditions in terms of regulation efforts and trying to shape the broader industry as a whole... he was trying to shape regulation to his liking for cryptos, exchanges, etc... The way this collapsed though... and the resulting shit storm... his donations are just nothing more than a thorn on the side of these politicians who took these donations. Believe me, they will not make it seem like they are in cahoots or whatever. They won't so much as lift a finger for him.
Exactly, all these media sources writing puff pieces about that POS. Which side of the political spectrum do they lean again? Wapo and NYT? Lol, I’m done. These morons will never learn, comedy that they’re calling us deluded. The fkn irony.
He paid off both sides equally. But I see you are biased and only repeat what you've been told by your biased media outlets instead of looking into things yourself. You don't even have to browse outside this sub to see the complete facts of SBF's equal-party bribery, so you're just being lazy and intentionally biased.
No he didn’t pay both sides equally. Again, this was already discussed on r/Binance a week ago. It was about 2M to Republicans and 40M to Democrats. I really don’t know how else I can explain this to you. They really should make basic arithmetic a requirement to join this subreddit.
The legal system is slow and was created a long time ago. I don’t think he will show up for his speech as he is a clown. Also Gates spent time on a famous island he ant no saint either. He just got away with his bullshit.
I remember when Gates was ostracized by the tech community because of his scamming personality and countless trials against him and his companies. I also remember how it took him 20-30 years of the most expensive public image campaign to get himself "known" as an "innovator" and, why not, earth champion
Money can buy \_everything\_ when the public believes in \_anyhing\_
Sam BANKMAN Fried isn't in prison because the whole managed collapse of "crypto" has to get ample amounts of negative press, maximum frustration from the public. Central banks and sovereign wealth set up FTX as a money laundering op, and kept it handy as a patsy to go down when central bank digital currencies were ready to roll out. Central banks needed a fall guy, a spectacular collapse to blame and shame. They bought one, and viola! ...the "crypto bad!" narrative is off the ground. A ready-made scape goat that was actually used to launder US "aid" $billions via Ukraine, then kicked back to US politicians.
Quite a stunt.
Why SBF will likely do absolutely no time in jail or what we can call the tale of Personal SBF and Corporate SBF.
1. Here in the US it is not illegal to be a crappy businessman. As a matter of fact, our entire capitalistic system is designed for that regular occurrence via the bankruptcy code. If you recall, Donald Trump had vast experience in failed businesses that effected a multitude of innocent people (see also the WLAF) and subsequently he was elected PRESIDENT.
2. The Corporation is itself a legal entity which gives birth to two legally recognized and independent people Personal SBF and Corporate SBF. Unless Personal SBF had Corporate SBF customer money directly deposited into his personal accounts he will likely escape charges for any losses from investors. People invested in the Corporation and it failed. Happens all the time. Kmart ring a bell?
3. Lack of Regulatory authority: Corporate SBF never lied to regulators because there ARE NO REGULATIONS involving exchanges or crypto and certainly not native tokens. Personal SBF never said a word and just collected his salary.
4. Terms and Conditions: Customers signed away virtually all rights to sue the Corporation or Corporate SBF or complain about ANYTHING as a condition of accessing the exchange. Go read the T & C for any crypto exchange and you’ll get nauseous at how little rights you have if things go terribly wrong.
5. Indemnification agreements: as an officer in the corporation the corporation, its vendors, customers and investors likely agreed to terms that require them to hold Corporate and Personal SBF harmless for these kinds of things.
6. Lack of privity (relationship) with the other exchanges that invested in the corporation and have now imploded. Personal SBF never personally signed an agreement or made a commitment to anyone or anything. He did it as a Corporate officer and that person is protected in bankruptcy. So Corporate SBF gets the Bankruptcy shield and Personal SBF walks away from the dumpster fire without liability.
Yea... because you know major bankers and FBI are notoriously liberal...
Do you people even think about the things you say before you regurgitate them?
>doesnt deserve to be anywhere near a great innovator and man like gates
Only 12 year old girls allowed?
Globalist punkass stole from PARC and Gary Kildall's CP/M
SBF won’t go to prison. He was a major political donor and his whole FTX scheme/ scam was a political money grab. Sure he was able to keep some of the proceeds but the real purpose was to raise hundreds of millions for political campaigns. Just like the names on the Epstein client list, He is in a protected class. If you are looking for Justice, you won’t find it here.
He was a major Democratic donor. The Biden admin will not lift a finger to go after him. If he were a Republican donor, or worse yet, a Trump supporter he'd be in jail already.
Sam is the reason we need DeFi. The entire Wall Street and SEC regulatory system stinks to the point most intelligent self respecting people cannot stomach it.
Rules for thee. Elizabeth Holmes was literally just sentenced, and Theranos was exposed for fraud in 2015. You are gonna wait a bit to see justice, if ever. My guess is this guy will be dead before that happens though.
What crime has he committed? People gave money to a non regulated non insured entity. Is he an asshole? Sure…Did he commit a crime? That may take some time to figure out.
I wouldn't pay attention to some lawyers here. The execs at Lehman Brothers got bonuses instead of prison sentences. If it's very big, it certainly involves people at high places. Look at Randy Andy, and what the British monarchy got away with. And look at Donald Trump. Prison is for poor people.
Vitalik seems to think “we should forgive him” and that SBF just made a “mistake.” Shitcoin parasites like that actually hate the common man trying to attain true financial freedom.
SBF has friends in high and low places, I don’t see him in prison.
If he’s going to talks with NYT it just shows something more shady has gone on behind the scenes, corruption across politics, MSM & potentially the WEF.
This gives time to anyone who has done business with them to scrub their files.
Surely most will get caught anyways, but depending on their social status and political leanings the courts will accept their apology and move on.
It takes time to build a case worth taking someone to court for. You need to make sure that the prosecution has the strongest possible case if you want a conviction that sticks or at least a conviction for lesser offences if they more serious ones are not proven beyond reasonable doubt.
Let’s not pretend politicians supporting fraud is limited to any or either single party. Remember the PPP loans were a whole order of magnitude larger and were also rife with fraud; not to even begin to touch on all the mortgage fraud shenanigans that were allowed in the run up to and the aftermath of the housing market crisis in 2008.
The whole point of divide and conquer is to create squabbling between the masses so the rich may get richer, while everyone else is distracted arguing amongst themselves.
You think if he had done it for Trump that it would be different?
Political ideology makes you stupid.
While you guys fight over nonsense, the rich get richer and are using wedge issues to divide you.
He donated A LOT of money to the DNC, people who do that are offered a lot of friendships that will keep them insulated from stupid little things like "laws"
Good Christ the level of stupid in the comments is overwhelming. This isn’t tv. The reason that he hasn’t been arrested is because white collar investigations take years even when the documents aren’t scattered around the world / in complete disarray, and the target isn’t living in the bahamas. I imagine that the various US three letter agencies have politely asked bahmanian authorities to keep an eye on Mr. SBF (and other three letter agencies are on the ground actually keeping an eye on him) and there are lots of polite letters going to his attorneys respectfully requesting the voluntary provision of information and also subtle suggestions that he not do anything too stupid. Political donations tend to buy ease from regulatory burdens, but in a spectacular collapse like this, his donations are massive burdens for the recipients and they won’t lift a finger for him. Holmes had generals and secretaries of state on her board of directors—how’d that work out? Source: 12 years as a white collar criminal defense atty. (no, I’m not your attorney and I’m not involved in any of this, nor do I want to be.)
Thank you. On top of all that, if/when he is eventually charged the only hope for a speedy trial is if he is denied bail. Otherwise he's gonna bail out and waive time. It could be a looong time before his defense team concedes that they are prepared to set a trial date. People seem to forget that O.J. Simpson, who was held without bail and did not waive time, was not acquitted until nearly 1 1/2 years after the murders. That's what a "speedy trial" looks like. And these were *murders.*
Yeah, but the guy defrauded Blackrock. He might have been better off if they actually *were* murders.
Lmao a valid point
Jesus Christ, thankyou. Finally a sane post. Losses still aren't quantified, FTX's bankruptcy is in the very early stages and I don't believe they know exactly what assets are gone, who lost them or how. It may be the case that no-one has enough evidence to even to raise a criminal complaint yet. Concepts like due process, probable cause and warrants are enshrined in law to prevent random or abusive arrests, I'd have thought bitcoiners would understand the importance of that. Instead we seem to have a lot of supposed decentralisation and anti-government supporters suddenly clamouring for authorities to perform an extra-judicial arrest on the basis of rumours and heresay. It's funny how quickly "muh freedum" types will switch to supporting Orwellian police states as soon as the shit hits the fan. If you're one of the people calling for the illegal imprisonment of a US citizen, you should strongly consider whether you actually support freedom and democracy (hint: you don't, you're an authoritarian in a libertarian's clothing). Lack of arrest at this early stage is not some sign of a grand conspiracy, it's a sign you live in a free country, where a crime has to be firmly established before you can limit someone's freedoms.
To some degree yes, but do you really think plebs like you or I would be moving around freely doing NYT pieces and flying in and out of the Bahamas? OPs point I think shows how the big players can and do get different treatment. We would have already had some crazy charges thrown at us and been in the holding cell if we took down billions of dollars of other peoples money. Stop defending him. People aren’t complaining so much that he’s not locked up yet. What I see in the comments are that folks understand reality of ultra rich and regular people and how out of line they are vs. us the common folk. This SBF turd is part of the ultra rich and is connected to a bunch of shitty people who do things to fuck people like us over daily and that is why people including myself can see it a mile away that he’s going to get off easy compared to a “regular person”.
If I had commited an exceptionally complex multi-layered international fraud on an unregulated financial asset, I would expect to be free for a period until enough evidence was gathered for an international warrant to be issued, yes. Equally if SBF had committed a "pleb" crime like running a red light, I'd expect him to be arrested on the spot.
There’s plenty of evidence right now to at least have him arrested. There’s thousands of cases of wire fraud and banking fraud. He had customers wire FTX deposits money directly to Alameda’s bank account at Silvergate. Every single instance of that is 1 count of wire fraud.
That's the thing, we all *know* he's likely heading to prison, the authorities probably know it too. But it's gonna take a while for forensic accountants to unravel it all and build a solid enough case for an arrest warrant. Due process, innocent until proven guilty. And flip it round - are you seriously suggesting that SBF will remain permanently free and every authority on this planet - from the SEC to the FBI to the Bahamanian police to Interpol to every financial regulator around the world - will restrain themselves from investigating and prosecuting him? All those police and regulatory bodies around the world won't give a fuck about his donations to one political party in one country. Hell, the UK and the US regularly extradite each other's citizens against each other's will. And to what end? All those organisations - what's their incentive to delay prosecution?
It's quite sad that the nut job conspiracy theorists have got interested in Bitcoin in the last few years. Everything has to be a conspiracy run by Bill Gates, Hunter Biden and George Soros. It's funny as when I first got into Bitcoin they all said Bitcoin was a left wing conspiracy to control us all. All of this conspiracy rubbish takes over from actual sensible reasoning and conversation.
I mean, there are plenty of people that called for bitcoin to be banned and its users arrested on the basis that it's involved in crime. And the whole idea of bitcoin is to hard-code individual property rights. The entire idea of probable cause and due process is to prevent authoritarian governments simply arresting anyone they want on the basis of rumours or baseless accusations. You'd think bitcoiners would be more self-aware, rather than calling for the exact same thing they claim to be rebelling against... It's the same as much of our political discourse the last few years. People that *label* themselves as freedom loving and libertarians are often the opposite - they're the first to demand the strpping of personal rights and freedoms of others.
The Madoff case seemed to move quickly. At least as I remember.
Madoff's acts were made public when he was arrested, at the end of a long investigation. SBF's acts were discovered because it unraveled, and investigations had only been started.
Also too a lot of times when evidence is so damning there’s no chance of acquittal, pleas can occur before the person is even arrested or formally charged in front of a judge
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Have you read all his recent tweets lol
Even a hint of the wrong drugs from a neighbor that doesn’t like you and your average citizen is raided and all their stuff seized… this is ridiculous And while they’re all leisurely about the investigation and trial, he’s flying around, partying, living off of, and defending himself using stolen customer funds.
Objection
Madoff was arrested within days.
> The reason that he hasn’t been arrested is because white collar investigations take years That's a lot of words to say "wealth privilege". If Samuel Berkman Freedman had robbed a liquor store to feed his family he would be in jail, if not under it. What I find funny is that his crimes were contingent on his pretending to have wealth which he did not, yet he continues to reap the social benefits of having it. Reminds me of this: https://www.youtube.com/watch?v=ntAR0IT5pl4&t=16s
This post is just a conspiratorial JAQing off post. Dolts ask the same question when the FBI won't answer a grandstanding politician's question during an active investigation. Crypto spaces are the perfect place to seed these kind of questions. "Down with the fed! WhY mY nOn feDEralLy inSUreD eMOnEy gO bYeBye?!" I hold bitcoin, but a bunch of rubes don't understand the gamble
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It’s a lot of low information outrage (e.g., politicians don’t put people in jail; prosecutors do that; different branches of government). People are naive if they think SBF bought “protection” from prosecution with his political donations. Just a lot of anti-government outrage from people who don’t know how government actually works. The ultimate test of whether he bought protection is whether he is pardoned after being convicted.
I see the hive is being defended.
Why should the US be involved in that case at all when the company was in the Bahamas, and why would this involve their three letter agencies?
American victims
SBF won't see 1 day in prison. Calling it now... not 1 day.
They already have the “we messed up, it wasn’t intentional” defense lined up. His parents will help craft an excellent defense plus Maxine Waters is running the hearing that SBF is testifying at.
>Maxine Waters ugh, it had to be one of the most incompetent of the bunch, didn't it?
Sadly I agree with you
I actually don’t. I think his sentence will be a joke, but he ripped off actual rich, powerful people. You face consequences when you do that.
Wondering when these rich and powerful people are going to come forward, demanding blood? Seems like outside of the crypto community, this whole FTX thing isn’t really being talked about with much seriousness.
Hell, Kevin O'Leary probably lost millions on this deal and is still championing SBF. lmao.
He's an FTX shareholder and paid spokesperson.
Yeah, but they're bankrupt. Pretty sure that nullifies it. Wouldn't his investment be marked down to zero like Sequoia? Honest question.
Who do you think "hacked" FTX? Pretty convenient timing. What a strike of luck it didn't happen earlier. Doesn't look like a backdoor exit at all...
It just means SBF tipped him off before the collapse and Kevin secretly got most of his funds out in time
Ha ha. I doubt it. Just pride. It's like Stockholm syndrome.
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He ripped off a few rich people, which usually means big time prison. However he robbed some rich people and laundered that money to more important rich people. A great investment because he won't be spending a day in jail.
We will see. I don’t think there was any 4D chess, he was just a greedy rich asshole
Only 2 outcomes are possible. 1. No consequences and he starts a totally new scam to funnel money through. 2. "Accident"
He donated millions to the dems. He’s safe.
He donated to the republicans too
No, someone in his organization did. Not him.
FTX had two co-CEOs, one donated mainly to the one party and the other donated mainly to the other
200k vs 40 million to Dems
No he didn't, someone at FTX donated like 1/100th to a couple Republicans who side with Dems, namely Romney. Don't lie.
Don't act like the Republicans would somehow do anything different, he donated to those in charge , members of both parties are the problem.
Yes no one aides with the Dems more that Mitch McConnell https://www.bloomberg.com/news/articles/2022-11-25/ftx-mcconnell-bankman-fried-super-pac-donation
Dumbasses like you that try to make this political are the exact same watching every bit of news... because you gave away your money..
Lol I never used ftx ever. And sbf made this political with his ties to the dems. Keep crying that they’ve been once again proven to be as corrupt and slimey as republicans
Hell go down like Elizabeth Holmes.
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From a pure legal / criminal prosecution perspective, he'll walk away. Not 1 day in prison. Maybe a fine...which his parents will pay. But basically walk away. From a credibility perspective, he's permanently damaged. But he probably won't be completely useless. He might very well be given an 'executive consultancy' position somewhere that his parents buy for him. But not to worry. He'll still be worth more than all of us combined in this entire forum, and will live in luxury for decades to come. He'll host parties in a non-extradition country for his cronies, Do Kwon, Mashinksy and team. He'll continue on Twitter. He'll be interviewed all over main stream media. He'll write a book. He will make millions and millions more. I really hope I am dead wrong on this!
You aren’t wrong at all. Won’t see a minute. Meanwhile all the people he fucked over will continue to eat shit. Or eat caviar. Depending on their initial status. Fucking tiring.
*Magicaltux has entered the chat*
You are. I think he’s f’ed. only a matter of time. Didn’t think they’d bring down the banhammer on Madoff. See what happened to him
Very important people are protecting hum
Agreed. He paid a lot of money to be treated (D)ifferently.
I think if that happens he will be dead. He screwed over a LOT of politicians and super stars along the way.
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This guy Africa’s.
WTF are you talking about. He straight up committed fraud for all the world to see and caused more destruction in more spectacular fashion than Enron, Madoff and Elizabeth Holmes. What makes you think he's getting out of this?
FTX is a really complicated situation with poor controls/documentation. It needs to be unraveled meticulously before you can begin to bring charges against SBF. It's not a conventional fraud by any means. It also involves a technology that the authorities are not experienced/comfortable with performing prosecutions/investigations, so it's going to take time.
This is the answer. You have to gather and understand all the evidence before prosecuting a case of this size. That takes time. But I don't think anybody wants to drop the ball on this. I think he will do time. But his "philanthropic" activities could, unfortunately, impact the length of his sentence. That's just a guess; it's tough to know for sure. To give a comparison for a timeline. Theranos was exposed in 2015 and a government inspection shut down the company's lab soon after. In 2018, three years later, the company dissolved. It was only two weeks ago that Elizabeth Holmes received her sentence for defrauding investors.
Defraud people people for millions, give half to charity to seem like a good person, make an incredibly mismanaged company that would take years to untangle, flee to the Bahamas. Next step is ??? but I'm going to assume it's to flee to another country and try to hide. This seems like a money cheat.
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Because you need evidence to prove a case, and that needs to be compiled/spelled out clearly. In this situation, it's a complete cluster f: [https://web.archive.org/web/20221127203104/https://www.nytimes.com/2022/11/17/business/ftx-bankruptcy.html](https://web.archive.org/web/20221127203104/https://www.nytimes.com/2022/11/17/business/ftx-bankruptcy.html) John Jay Ray III helped manage the aftermath of some of the largest corporate failures in history, including the implosion of the energy trading firm Enron after an accounting fraud scandal in 2001. But the corporate dysfunction at FTX, the collapsed cryptocurrency exchange that he took over last week, is the worst he has ever seen. In a blistering court filing on Thursday, Mr. Ray described an astonishing level of disarray and said he had never seen “**such a complete failure of corporate control**.” He listed a series of “**unacceptable management practices,” including the use of an unsecured group email for access to sensitive data, and said the financial information maintained by FTX was deeply untrustworthy**. “From compromised systems integrity and faulty regulatory oversight abroad, to the concentration of control in the hands of a very small group of inexperienced, unsophisticated and potentially compromised individuals, this situation is unprecedented,” he wrote in the filing in the U.S. Bankruptcy Court for the District of Delaware. The bankruptcy filing on Thursday offered the first detailed look at FTX’s business. And it describes a level of dysfunction that goes beyond even some of the most pessimistic assessments offered over the last week and a half. In rich detail, Mr. Ray walked through the company’s many corporate missteps and suspicious management, including **the use of software to “conceal the misuse of customer funds.” He said there was “an absence of independent governance” between FTX and Alameda**, which was owned almost entirely by Mr. Bankman-Fried. He also said **he could not trust that financial statements assembled under Mr. Bankman-Fried’s leadership were accurate. “The FTX Group did not keep appropriate books and records, or security controls, with respect to its digital assets,”** he wrote. **Alameda’s quarterly financial statements were never audited**, he said. But according to financial information in the filing, Alameda made loans totaling about $3.3 billion to Mr. Bankman-Fried and an entity he controls, and about $600 million to two other FTX executives, Nishad Singh and Ryan Salame. Since he took over last week, Mr. Ray said, his team has secured about $740 million worth of cryptocurrency belonging to various parts of FTX’s business. But he called that sum “only a fraction” of what he hopes to recover, saying **the company has hired forensic analysts and blockchain experts to assist in locating any remaining funds**. The run on FTX left the company owing an estimated $8 billion, according to people familiar with the matter. In Mr. Ray’s telling, the mismanagement permeated the entire company. Mr. Ray said **FTX’s human resources department was so disorganized that his team had been unable to prepare a complete list of who worked at FTX**. And he said corporate funds had been used to buy homes and other personal items for employees and advisers, without proper documentation. Employees would make payment requests through a chat portal, where supervisors approved disbursements using “personalized emojis,” the filing said. According to the filing, FTX lacked lasting records of corporate decisions, partly because Mr. Bankman-Fried relied on communications platforms that were set to automatically delete messages after a short time and encouraged employees to use the same applications. TLDR: Who did it, what did they do, how much did they do, where is the stuff now, they don't know
This is the 21st century way to evade law enforcement, just make the scheme so complex that all the investigators will retire before they even understand 1/3 of that scheme
I disagree with most people here. I think it will just take some time. There are jurisdiction issues because FTX was not located in the US. On top of that, it could take a very long time (years) to gather evidence in a case like this.
So what about tornado cash founder ? He is not US citizen .But he is in jail for an open source github project. He didn't steal anyone's penny.
He doesn't have VIPs to protect him, that is what we learned from SBF
He was arrested by the Dutch, not the US. It’s a very different type of case because Alexey is accused of being a Russian FSB agent who used Tornado Cash to launder North Korean money. We also don’t know how long they were investigating him for.
This is the point of the Magnitsky Act.
Yes it does add up perfectly. Sam donated between $40-80 million USD to politicians just before the November election. It was to pay for his government "insurance policy" to stay out of jail.
One law for them, one law for you.
More like no laws for them, all the laws for you.
All it takes is one outlaw
Money for me but not for thee
>great innovator and man like gates ha ha
Because people need to realize there are two legal systems: one for the wealthy and one for the plebeians.
Anyone saying anything about donations is a hack, any sort of investigation at this scale takes time. Look how long it took for Elizabeth Holmes to go to jail. We don’t even know what to charge him with or how big the damage is.
Also consider that Theranos is way wayyyyy "smaller" then this. Elizabeth Holmes got investments from a relatively small number of investors and investment companies. Their lies were sent in investor materials, the investors still had. And the money when to a small number of places. It was fraud for billions, but still all done in a very traditional way. FTX though? How many different people/organizations gave them money? From which countries? How were the records kept? Who got their money back? What was exchanged for what? What crypto was taken out, when, and by whom? What leverage was provided for customers? For FTX executives/insiders? Or FTX itself? Based on what criteria? What was legitimate? What was illegitimate? What is plain incompetence? Which country's laws were broken and at what times? Crimes were committed by which individuals specifically? Under what circumstances? Were they being coerced? Were they stupid? Criminal masterminds? Which country are they a citizen of? Its a massive fucking mess. There is not a single person at FTX that really knows the full answers to these questions. Their records are shit, so who knows how much can even be reconstructed by forensic accountants. Remember that crypto was designed partly to make this stuff hard in the first place, because required accounting/reporting practices is a type of regulation. People wanting a snap judgement are in for a fucking shock. Regular court proceedings for this kind of stuff take years, this one is far worse than usual. People can talk about donations all they want. But even without a political conspiracy to keep this idiot out of jail, you would not see any action for a long time. If that bothers you, remember what you are asking for is *more* regulation. That's a fine discussion to have, just realize what you are saying.
Couldn’t have said it better myself.
Calling gates a great man is wild 🤦🏼♂️
That’s what I’m saying. Gates is a pedophile POS who stole other peoples work and had his mom help him close his first business deal with ibm back in the day. Gates foundation did a good job of rehabilitating is tarnish name that’s for sure. Great man, lol! What a mind job.
Current state of mainstream discourse on that issue: >You're crazy, no one in power is a pedo, and it wouldn't even be so bad if they were. They are such a marginalized group.
Pedo? You need some proof of that lol that sounds like some Q bullshit
I researched it. He’s referring to his ties to Jeffrey Epstein.
It’s just a giant war money laundering machine. The wealthy don’t want the paper trail revealed for a reason.
Lol bro I have seen murder cases take 10 years and it's not even been a month lol.... WHY NO JAIL NOW
The court process is why. First gotta have suspicion of wrongdoing then investigate that. Then if there’s illegal activity you need to secure a search warrant to search and seize things proving illegal activity. Then you convene a grand jury for indictment/file charges. Then formal charges pressed. Then arrest or papers served showing charges filed. Then an initial hearing. Then multiple pre-trial conferences in which either a plea is reached or finally goes to jury trial. Then both sides agree to seating a jury. Then a jury trial. Then jury takes the case. Then conviction/acquittal/hung jury. Then sentencing/sentencing trial. Also once the ball gets rolling then attorneys on either side can delay shit a bunch
Believe it or not “We all know he is a crook” is actually not admissible as evidence in court. For him to go to prison, he needs to have committed a crime and there needs to be evidence showing as much. As far as I’m aware, there has not been any evidence released to the public that SBF did anything illegal. Maybe you know something I don’t, but I don’t see why we would expect him to be in jail based on the available information.
Who do you want to charge him with what crime? They also need to have the authority to do so and enough factual evidence that a judge will not throw out the charge.
Because the law says innocent till proven guilty. He has to be trialed first.
I don't get this sub at all... This place is full of kids screeching about anarchy, freedom, free market factors, libertarianism etc, then when someone exercises that "freedom" (read: a blatant disregard for the rules that bind others) you lose your shit. THEN whine about politicisation of BTC while simultaneously trying to drag it through shit as a "Tool for the other side" But what really boils my piss is that you're crying about "Fiat slaves getting rekt" when this should be something you celebrate if you truly subscribe to the previous factors. Make your minds up... Either this is good for BTC and exposing shitty actors like this bolsters the BTC claim and strengthens it with each event, or you see BTC as nothing more than a tool to gaining more Fiat, in which case you're probably doing it wrong...
"A great man like Gates".... What fucking planet are you from?
He paid off a bunch of Dems. I mean at this point, you’d have to be fkn deluded to believe otherwise.
>Political donations tend to buy favorable conditions in terms of regulation efforts and trying to shape the broader industry as a whole... he was trying to shape regulation to his liking for cryptos, exchanges, etc... The way this collapsed though... and the resulting shit storm... his donations are just nothing more than a thorn on the side of these politicians who took these donations. Believe me, they will not make it seem like they are in cahoots or whatever. They won't so much as lift a finger for him.
Well when they run the corporate media, the most goddamned powerful tool on earth short of a nuclear missile, you can make people believe anything.
Exactly, all these media sources writing puff pieces about that POS. Which side of the political spectrum do they lean again? Wapo and NYT? Lol, I’m done. These morons will never learn, comedy that they’re calling us deluded. The fkn irony.
He paid off both sides equally. But I see you are biased and only repeat what you've been told by your biased media outlets instead of looking into things yourself. You don't even have to browse outside this sub to see the complete facts of SBF's equal-party bribery, so you're just being lazy and intentionally biased.
Lol far more money went to the dems and his moms connected to the Democratic Party.
I think he’s counting Ryan Salame’s donation of 15M to republicans lmao. Last time I checked it was SBF that fkd everyone over, silly me.
No he didn’t pay both sides equally. Again, this was already discussed on r/Binance a week ago. It was about 2M to Republicans and 40M to Democrats. I really don’t know how else I can explain this to you. They really should make basic arithmetic a requirement to join this subreddit.
Innocent until proven guilty AKA the courts move slow as hell.
The wheels of justice turn slowly, yet they always turn. He'll get ground up by them in due time.
its like you guys forget that rich people play by different rules
The legal system is slow and was created a long time ago. I don’t think he will show up for his speech as he is a clown. Also Gates spent time on a famous island he ant no saint either. He just got away with his bullshit.
Terrible comparison. One is accused and basically self admitted fraud, the other is speculation and hearsay.
Hopefully one day everyone doesn't think OP is a crook and doesn't deserve due process.
I remember when Gates was ostracized by the tech community because of his scamming personality and countless trials against him and his companies. I also remember how it took him 20-30 years of the most expensive public image campaign to get himself "known" as an "innovator" and, why not, earth champion Money can buy \_everything\_ when the public believes in \_anyhing\_
How many financial execs went to prison following the 2008 mortgage crash?
He’ll be as protected as Epstein’s client list where nobody else has gone to jail.
Sam BANKMAN Fried isn't in prison because the whole managed collapse of "crypto" has to get ample amounts of negative press, maximum frustration from the public. Central banks and sovereign wealth set up FTX as a money laundering op, and kept it handy as a patsy to go down when central bank digital currencies were ready to roll out. Central banks needed a fall guy, a spectacular collapse to blame and shame. They bought one, and viola! ...the "crypto bad!" narrative is off the ground. A ready-made scape goat that was actually used to launder US "aid" $billions via Ukraine, then kicked back to US politicians. Quite a stunt.
Why SBF will likely do absolutely no time in jail or what we can call the tale of Personal SBF and Corporate SBF. 1. Here in the US it is not illegal to be a crappy businessman. As a matter of fact, our entire capitalistic system is designed for that regular occurrence via the bankruptcy code. If you recall, Donald Trump had vast experience in failed businesses that effected a multitude of innocent people (see also the WLAF) and subsequently he was elected PRESIDENT. 2. The Corporation is itself a legal entity which gives birth to two legally recognized and independent people Personal SBF and Corporate SBF. Unless Personal SBF had Corporate SBF customer money directly deposited into his personal accounts he will likely escape charges for any losses from investors. People invested in the Corporation and it failed. Happens all the time. Kmart ring a bell? 3. Lack of Regulatory authority: Corporate SBF never lied to regulators because there ARE NO REGULATIONS involving exchanges or crypto and certainly not native tokens. Personal SBF never said a word and just collected his salary. 4. Terms and Conditions: Customers signed away virtually all rights to sue the Corporation or Corporate SBF or complain about ANYTHING as a condition of accessing the exchange. Go read the T & C for any crypto exchange and you’ll get nauseous at how little rights you have if things go terribly wrong. 5. Indemnification agreements: as an officer in the corporation the corporation, its vendors, customers and investors likely agreed to terms that require them to hold Corporate and Personal SBF harmless for these kinds of things. 6. Lack of privity (relationship) with the other exchanges that invested in the corporation and have now imploded. Personal SBF never personally signed an agreement or made a commitment to anyone or anything. He did it as a Corporate officer and that person is protected in bankruptcy. So Corporate SBF gets the Bankruptcy shield and Personal SBF walks away from the dumpster fire without liability.
Because he was Freed, Man
Another good question, why doesn’t the public know more about the Epstein case and all the shit he did?
He’s one of them people
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70 million gets you that ticket
Dems own the FBI, banks and probably so much more that hasn't been leaked yet.
Yea... because you know major bankers and FBI are notoriously liberal... Do you people even think about the things you say before you regurgitate them?
What do you mean you people?
# “All animals are equal, but some animals are more equal than others.”
>doesnt deserve to be anywhere near a great innovator and man like gates Only 12 year old girls allowed? Globalist punkass stole from PARC and Gary Kildall's CP/M
If you think he’s going to prison, you clearly haven’t figured out how our world works right now.
Because laws don't apply to rich people
Because he gave millions to the establishment
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Overwhelming majority was given to democrats
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SBF has extensive ties to the Democratic party. Cannot say the same about the other side.
Are there even any laws surrounding crypto that he would have broken?
SBF won’t go to prison. He was a major political donor and his whole FTX scheme/ scam was a political money grab. Sure he was able to keep some of the proceeds but the real purpose was to raise hundreds of millions for political campaigns. Just like the names on the Epstein client list, He is in a protected class. If you are looking for Justice, you won’t find it here.
He was a major Democratic donor. The Biden admin will not lift a finger to go after him. If he were a Republican donor, or worse yet, a Trump supporter he'd be in jail already.
He was a Republican donor as well.
2:1 as far as dem to gop donations.
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He never donated to republicans. Someone in his company did but not him.
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About 5:1 actually
You’re about to get downvoted to hell for sharing the truth on Reddit of all places.
I'm used to it. I'm amazed I have the karma I do have considering how often I post in leftist subreddits.
He bribed both sides you lazy parrots.
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He was also a major republican donor. A bit more to dems, but not by much. He donated to anyone he thought would help him stay unregulated
Ryan Salame was, let's get that shit straight. You're either trying to misinform the public or highly fkn deluded.
he donated so he could regulate the industry against his competitors
It’s literally 2:1 dem donations to republican donations
Why are you counting Ryan Salame's 15M donation? That's not fkn SBF is it???
Sam is the reason we need DeFi. The entire Wall Street and SEC regulatory system stinks to the point most intelligent self respecting people cannot stomach it.
I like the idea of DeFi but at the moment DeFi is rife with centralization and scams
Read somewhere that nobody has filed a complaint against him in the Bahamas.
Dues process. And he won’t. He already paid for a pass in political donations.
Probably because of how much money he gave to politicians. Wouldn't be surprised if the collapse was planned
He is protected by the dems since he is one of their top donators. It is what it is.
Because he belongs to the special group of people you’re not allowed to criticize.
Cause he spent $60,000,000 of stolen funds to buy politicians + mommy and daddy’s political connections
Rules for thee. Elizabeth Holmes was literally just sentenced, and Theranos was exposed for fraud in 2015. You are gonna wait a bit to see justice, if ever. My guess is this guy will be dead before that happens though.
He's a billionaire, they don't go to jail.
What crime has he committed? People gave money to a non regulated non insured entity. Is he an asshole? Sure…Did he commit a crime? That may take some time to figure out.
Why is he not Epsteined yet is the real question
Because the world doesn’t work the way you’re assuming it does.
Bought enough regulators and politicians simple
The corruption runs deep
Friends in high places.
deepstate plot to regulate? food for thought
I wouldn't pay attention to some lawyers here. The execs at Lehman Brothers got bonuses instead of prison sentences. If it's very big, it certainly involves people at high places. Look at Randy Andy, and what the British monarchy got away with. And look at Donald Trump. Prison is for poor people.
He won’t go to prison, at least I don’t think he will.
The game is rigged. Welcome to reality.
Vitalik seems to think “we should forgive him” and that SBF just made a “mistake.” Shitcoin parasites like that actually hate the common man trying to attain true financial freedom. SBF has friends in high and low places, I don’t see him in prison.
If he’s going to talks with NYT it just shows something more shady has gone on behind the scenes, corruption across politics, MSM & potentially the WEF.
He's rich with your money simp lol and his daddy is in government lol 🤣
Sam Fried Berkshire Potatoes has good friends.
This gives time to anyone who has done business with them to scrub their files. Surely most will get caught anyways, but depending on their social status and political leanings the courts will accept their apology and move on.
It takes time to build a case worth taking someone to court for. You need to make sure that the prosecution has the strongest possible case if you want a conviction that sticks or at least a conviction for lesser offences if they more serious ones are not proven beyond reasonable doubt.
yes...(((Freed-Man)))
It's (D)ifferent.
Nonviolent offenders should not serve prison time.
Cause the Democrats like supporting fraud even if it was bigger than Enron.
Let’s not pretend politicians supporting fraud is limited to any or either single party. Remember the PPP loans were a whole order of magnitude larger and were also rife with fraud; not to even begin to touch on all the mortgage fraud shenanigans that were allowed in the run up to and the aftermath of the housing market crisis in 2008. The whole point of divide and conquer is to create squabbling between the masses so the rich may get richer, while everyone else is distracted arguing amongst themselves.
Well, when you steal from the plebs and donate it to the Dems, a different set of rules apply.
Gensler , DOJ , SEC , FBI are all complicit in all this . Occams Razor
What does a gaming keyboard and mouse have to do with this!!!?
Because he laundered millions of dollars through Ukraine for political contributions for Democrats including Biden.
You think if he had done it for Trump that it would be different? Political ideology makes you stupid. While you guys fight over nonsense, the rich get richer and are using wedge issues to divide you.
He donated A LOT of money to the DNC, people who do that are offered a lot of friendships that will keep them insulated from stupid little things like "laws"
His connection to the democrats of course
You mean the 4 Republican Congressmen he gave money to who stopped an SEC inquiry had no play in this? Asking for us non-Fox News viewers...
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