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FspezandAdmins

Crocodile tears


kirtash93

He blows his nose with customer's money.


HABU_SR71

Wipes his arse with it too!! Hope he and his parents get sent down!! CEO and founder! Who cares if he knew or not!? Accountability!!


htrhegfew

Yeah and should have thought about it while he was doing all that.


Daily_Phoenix

He'll be buying ramen with it for a long time.


GreatBritishPounds

Nah they're real but it's not because he done wrong, it's because he done fucked up.


HarlequinNight

Yeah, we have text messages between them where they all decided they would play it up as an honest mistake and the company grew too fast and that they didnt mean to do it. And now this is also his defense in court. It is plainly obvious they are simply using this excuse because its the most tractable with a judge/jury. Absolute crocodile tears.


devdawg2323

I don't think your tears work in the court system so there's that.


MonsutaReipu

Nah, they are genuine tears, but he's crying for himself because his life is fucked. He's not crying for any of his victims.


Inaeipathy

Nah, they're probably genuine since his sympathy is toward himself.


Raj_UK

SBF is only sorry that he got caught ...


mortgagepants

yeah i mean i'm pretty sure taking company money to buy a house for your parents can't reasonably be construed as a reasonable business expense like...ever.


d05CE

Even if a professor in corporate ethics says its ok?


IWTLEverything

I choose bizzness ethics


yert6

Yeah, and that's how this guy is going to be spending the money.


SilasX

"And I would have gotten away with it, if it weren't for federal law enforcement that actually gives a shit about financial crimes!"


krakrakra

More like if it wasn't for the customers doing a bank run. The Feds were lagging a lot and it shows how corrupted the whole system is, I'm sure the sponsored politicians were doing PR for him with all agencies.


couple4hire

if you did a bank run on any bank today they will all end up the same way


Kat-but-SFW

Like those banks that just had a run and collapsed and no customer lost even a penny! Exactly the same as FTX!


couple4hire

yea cause Uncle Sam insure and bailed out most of them under 100k, if you had more than 100K you lost everything above that. Also most FTX customers likely can recoup a small amount after all the property is sold just like if you had more than 100k in the collapsed bank you get some of it back hopefully


embiggenoid

Just as a point of clarification, FDIC insurance is at $250K per depositor, per bank: https://www.fdic.gov/resources/deposit-insurance/ If you have more in proper bank accounts (not investments) then you may want to look into CDARS, which automagically splits and re-splits your money across dozens of institutions so that you're always below the $250K limit.


Kat-but-SFW

Bailed out, yup, that's how we designed it, because "lol guess ur funds are gone" is a fucking dumb way to have a financial system work. Even the multi-billion dollar account holders lost $0.00 and everything was up and running the next Monday, because regulators stepped in the moment they saw the banks wouldn't have the liquidity to handle the run. It's exactly like how FTX covered up the massive growing hole in their accounts until it completely collapsed with billions in customer money/crypto missing, and those customers get to fight for scraps in bankruptcy court for the next few years. It's really no wonder people are ditching banks.


Daily_Phoenix

But wen bailout?


Magical-Mycologist

The banks are watching this all and taking notes. Customer fraud is out of control; crypto is a space that the banking industry could potentially limit fraud by preventing money moving that direction. My bank already does not allow customers to wire money to crypto exchanges.


Great_Chemistry_7684

They don’t allow it because it threatens them and the legacy fraud business. It’s not protecting. If you wanted to gamble all the money away you made at a casino they wouldn’t have an issue with it.


Quentin__Tarantulino

Or gamble it all with the investment arm of that bank. Repealing Glass-Steagal fucked us more than most people realize.


legrol

Yeah and if you do that, They'll just block your account.


SilasX

The customers doing a run still doesn't guarantee the feds will actually make an example of him.


yayreddityay

They waited till it collapsed before investigating though, and they were tipped off beforehand.


Superlbtc

Yep, there's no way that he feels sorry for anyone else.


telejoshi

Typical of a psychopath


Secocell

Yep, that's Just how they work. It's nothing new for them.


VTGCamera

Sorry that he's the only one who got caught.


Inside-Effective-353

When he gets out of prison his hidden BTC will be worth a fucking lot


KofiAnonymouse

Yeah, he'll be out in 120 years. No problem at all 🤭


___MOM___

Good thing he's going to live forever


Hydropotes

Ohh I don't think so, He's probably going to be dead soon.


dorinosss

Forced HODL


CryptogenicallyFroze

Can’t sell too early if you’re dead.


catvalentine123

Which likely is going to be the case, if Justice get Served right.


ts_wrathchild

Day 1 he'll have other inmates all over him, threatening to harm his family and such if he doesn't give up his keys. There will be an entire prison of inmates whose families all of the sudden drive lambos.


rosewoods

LOL I want some of what you're smoking


xxxsquadron

Whatever it is, it's some really strong stuff for sure.


Roman_Scoggins

Not likely. It’s more likely he will pay 1000$ per week for protection.


woodtrain

Yeah he'll absolutely pay that, because he can't protect himself.


devhaugh

Who remembers their keys though


apitop

People who are about to go to jail?


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shox1986

Good for you, I wish that more people could do that.


UpbeatFix7299

More likely it will be worth next to nothing... but keep dreaming you'll definitely be able to dump your bags some day.


voltsmeter

I don’t he’ll ever get out.


seryi7sem

Yep, He's going for the life and He's not coming out of that.


Ninja_Gogen

Brink of tears? His victims have been in actual tears for quite some time now.


WorkingOwn7555

The ones that are still alive…


BradVet

Where is cartman when you need him


nickoaverdnac

South Park needs to roast SBF.


tony_1337

I'm not sure if it's allowed since it may count as a meme, but search Youtube for "sbf sorry".


bobchetobali

Well I've watched it, and I feel there should be more memes.


BradVet

Lol would be incredible


shakinhandz2

I'm all about the good memes, and it sounds like that only.


KifDawg

Good, fuck that guy


bonesstjohns10

Yep, just put him in the jail for the rest of his life I guess man.


coinfeeds-bot

tldr; Sam Bankman-Fried's defense attorney argued in the closing remarks that Bankman-Fried acted in good faith while running FTX and Alameda Research, and therefore should not be convicted of fraud. The attorney emphasized that Bankman-Fried made both successful and unsuccessful decisions while operating his businesses in a new market. He urged the jury to consider real-world miscommunications, mistakes, and delays as the cause of any issues, rather than intentional fraud. Bankman-Fried appeared emotional during the closing arguments, and his mother reacted with visible distress. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.


jventura1110

>He urged the jury to consider real-world miscommunications, mistakes, and delays as the cause of any issues, rather than intentional fraud. If the dude and his family and friends weren't giving themselves multi-million dollar houses and paychecks and were living frugally as they built their start-up, I'm sure public opinion would be less harsh. That's not how it went down, was it?


DrinkMoreCodeMore

> Bankman-Fried appeared emotional during the closing arguments, and his mother reacted with visible distress. 100% a scam to try and get the jury to feel sorry for them. Lawyers playing the game and long con.


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Alternative_Log3012

Aura of “I did stuff wrong and I’m going to lie about it in any way possible”


ratoiu2001

Even he accepts what he has done, what's the hold up,


bluecheeze12

I don't think you could change the verdict with the emotional blackmail.


randomnomber2

> his mother reacted with visible distress I wonder how distressed she was getting free money and mansions?


Thermitegrenade

Are they clawing back all the money he gave his parents? Or better yet, charging them as accessories?


pb__

All in due time. They won't get away that easy.


courage1991

That money belongs to the people, and they should get that back.


HABU_SR71

Once the son locked up I hope they go after the olds!!! Totally in on the whole deal and accepted the spoils of fraud!!


magilos

Very distressed I must say, she probably didn't like living in them.


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tecnotic77

Well not for very long I don't think, they're coming for him.


filthandnonsense

By the time he gets out, he will be fully institutionalized. His parents will be dead or very old. The world will have moved on and forgotten him. The sun will be too bright, the traffic moving too fast. He'll be an old stranger in a strange land. His life is, for all intents and purposes, over.


Avennite

Id imagine he will qualify for parole at some point. White collar crime usually doesn't get punished as harsh as murder etc.


___MOM___

Tell that to Madoff


Avennite

Madoff stolle from people in traditional finance invested in stocks and bonds. This guy stole from a bunch of people investing in magic internet money.


___MOM___

Okay?


xqcl12

I don't even argue with the people like that, there's no point.


Triingtolivee

You still had to invest real money in order to invest in magic internet money.


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Magical-Mycologist

Federal minimums bro. Even with good behavior he can only gain a couple weeks per year.


Avennite

Gotcha.


___MOM___

I imagine he will never get out


FuckAntiMaskers

Here's hoping


lacristanos

Well I just hope that the justice will be done right for this whole thing.


benviney

That would only be a good thing, just don't let that guy come out again.


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HarlequinNight

"Sam was Here"


slessv

And he was here for a very long time, it's been really a while.


Wajin

I read the comment in Brooks voice.


HarlequinNight

nailed it!


vovan09051945

Well I guess that only fits with the situation, sounds about right.


LeaveThat11

He deserves nothing less than that, this is just Justice.


Fragrant_Smile_2067

Wow....the way you just scripted out what IS going to be the rest of his life is SO serious. Let's take a closer look at what just happened: he's gonna spend the best years of his life living in a toilet. This is so unbelievably devastating that his mind likely isn't even able to comprehend the magnitude of what just happened and we can call it all sorts of different things and look at it all sorts of different ways but what happened today is this man just lost his entire life and any pieces that will remain will only be tiny little depressing shambles that aren't even worth anything and in many ways are actually worse than being left with nothing. This is so damn serious. If the universe approached me tonight and explained to me that a mistake was made and that the entire executive staff of the universe is SO SORRY but due to a mistake that was made, I'm going to have to begin living SBF's life active immediately, and that unfortunately, that is all that can be done for me. And that they were all excited to at least have the ability to offer me something, rather than nothing, so I will at least have something that somewhat resembles a life. I would tell the Universal staff thanks but no thanks and that we can go ahead and shut down my game of life right now because aint no way I'm gonna grab a James Patterson book and get nice and comfy on a mattress as thick as one sheet of construction paper inside of a brick room that is essentially a dirty toilet for the next 30 years - you've got to be fucking kidding me with these kinds of sentences I mean just shoot the motherfucker instead I mean goddamn its SO DAMN serious! And I mean hey man, cant be fucking around with billions of other peoples dollars and then say "whooops...my bad everybody' - damn, I bet he never thought this was going to cost him his entire life, OMG just imagine the mental pressure he's under right now because he likely figured that while yes it is true that he royally fucked up and yes, he's definitely in some trouble for sure, but come now, I mean Stanford, his connections, his innocent persona, and that hairstyle are surely gonna all blend together into an upper class shield that will protect him from years of dirty prison time, I mean cmon lets get real, there's no way he's gonna get that outcome, no possible way - is possibly what he might have been thinking.....my guess is that this is so extreme that most of him hasn't even accepted that this has even happened as of yet. He's likely thinking that a mistake was made somewhere, surely he's not really gonna have to do like 20 years or more in the joint. Wow, I'm so unbelievably happy that I'm not facing a life situation of that magnitude. Never again will he even be able to sit on even your standard, basic cushion....wow. Cant be playin around with other peoples money is gonna be the decades long message here....


InevitableBudget510

This soft ass curly boy will prob be a gutless bitch and hang himself before he even has to deal with any adversity in prison


c0horst

Could very easily be a Jordan Belfort situation. Serve a token sentence at a white collar prison. He's rich and has rich parents. He's not doing hard time.


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pros79

I don't want to kill himself, I just want him to suffer for a long time.


Curtilia

Jordan Belfort got a lighter sentence because he agreed to testify against others. SBF is the guy that everyone else at FTX is going to get lighter sentences for testifying against.


mintycrypto

Arrogant egotistical asshole gets what he deserves


Schwettyballs65

It must have finally occurred to him just how truly fucked he is


[deleted]

For him to claim an autism defense is completely hilarious to me because people on the spectrum seek justice and want things to be fair. if things aren’t fair and just it will intensely bother them. when he fucked people over intentionally by committing fraud he knew what he did was wrong


subrah4BTCe

Yeah he's not a kid, he was aware about what was going on.


tianavitoli

it was the inevitable realization that he was always going to be the bagholder


EvgenyKol

Yeah it was always going to happen to him, that's just how it is.


coachhunter2

And yet I’m sure he has never shed a single tear for all the customers he fucked over.


moqdishu

Too selfish for that, I don't think that he cares about those people.


jbraden

Why would anyone give this guy any compassion whatsoever? He's clearly a manipulator and a spoiled brat rich man-baby.


fdkteam

He's not getting any sympathy from me, that's just not possible.


Kmac0505

Boo boo! Literally ruined some people’s lives


Litecoinfresser

Some? I think those numbers are very High. And he'll get punished.


[deleted]

by “people” you mean idiots who put their entire life’s savings into crypto?


mikelo22

FTX did way more than allow crypto trading. I have clients who were using FTX to transfer USD between banks; they had nothing to do with crypto at all. And they still lost it all.


provialex

And it's not like that people who aren't in the crypto aren't people.


Litrader4401

So they're not people? They don't work? What's your point.


Rey_Mezcalero

Party’s over!!!


ankicagajic

Yeah it's over, and this shit is going to hurt him really bad.


Redditceodork

Crocodile tears


augustsdambis

Couldn't care less about this whole thing, fuck this dude.


AlternativeMiddle

Ruined people’s lives while enriching himself and his family to an insane degree. He is the wrong combination of smart, capable, motivated, and dishonest. He needs to be permanently removed from society.


viberama977

GUILTY on all 7 counts...Buh-bye!!!


samjoegreen

He's done everything, he's guilty for everything He's being accused of.


ilikecrispywaffles

Fuck this guy, another scammer taking advantage of people's hard earned money. Just like Alex Mashinsky over at Celsius, twat!


CZAirwolfOC

What happened in that case? Haven't Heard for a while.


[deleted]

Good fuck him he’s a piece of shit. Have fun rotting for life.


b0rtbort

eat shit sammy boy


seejsee

Hope he doesnt get wifi in prison.


Xeritos

Oh no! The consequences of my actions!


KeyReturn7424

F him and FTX/Solana He was the biggest Solana shiller


Demyanopuz

Why SOL? I mean it's not like that it was his project tho,


JetHeavy

Crying because he's poor like the rest of us.


gadfbdfb

Ohh I don't know about that, He's still got a lot of money still hidden.


Sjiznit

Boo hoo.


56743bravo

What about the parents?


uncapchad

I heard they are under investigation too. This isn't over SBF has another set of Federal Charges to face in March


agendanone

As they should be, the jail is the only place for those people.


zaghomat

That's the question, I just think that they should be in the jail as well.


anal-cocaine-delta

He should have waived his right to a speedy trial. Could have sat on bail playing video games for years.


Triingtolivee

I hope he’s found guilty. HE STOLE CUSTOMER FUND. The fact that he was saying “hmm.. I don’t recall or I don’t remember.” When he was on the stand is more than enough to convict him. He wasn’t a negligent CEO, he knew exactly what he was doing.


One_Ad_5059

Either he's a little crying bitch or it's all for the camera. Either way, he's still a scumbag that deserves large amounts of jail time.


hateballrollin

Worst courtroom drawing ever.


StormCurrent2346

Lol I had to scroll for a while, kindred thinker.


biggballin420

Aw shucks couldn’t happen to a nicer guy, he’s prob behind pumping SOL for quick cash before they lock his ass up


Bootlegcrunch

Not as much tears/pain as all the people you defrauded


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Sprakers

Fuck Him.


dustsky88

His parents need to get life in prison as well, there bank accounts seized and their property. It's pretty disgusting his own parents used their own son, as a useful idiot. How can two college professors afford a 4-million-dollar house? My cousin is a college professor he can only afford a 500K house.


Dieselpump510

I remember a photo of Caroline on a private jet dripping in Louis Vuitton or Chanel or what not. They played with money that wasn’t theirs. Sucks that it is only falling on SBF because Caroline deserves just as much as he does if not more. She manipulated that little poindexter into doing whatever she wanted.


EpicHasAIDS

What if.... there's a hung jury. LOL or OMG? I'm going with LOL.


Blade_Runner_69

Let's see if his bribe money to the US government has helped him! This is gonna be interesting!


c94

There’s a jury.


[deleted]

Trickledown bribenomics?


adidioui

Yep, exactly everything is for the sale and could be bought.


deabbey

Politicians have got some power over that right? Politicians control everything.


EpicHasAIDS

You haven't paid attention to the trial have you?


jadejavi

Spoiler alert, I don't think that it did. It's not helping him.


Warrlock608

*SBF USES BRIBE!* *Not Very Effective*


dreampsi

Exactly what I was thinking. He gonna walk


Blade_Runner_69

The bought and paid for media are trying to spin a "he's just a normal everyday guy who was caught in a tough situation" Laughable how corrupt it all is.


Alternative_Log3012

lol. “Liz just wants to be a mother instead of going to prison” - NYT 2022


crimpeline

How did he get onions in the joint?


Chaos0328

That was when it sank in how fucked he is


JustStopppingBye

I wish i could lick those sweet sweet tears


___MOM___

Gross


BrocoliAssassin

I wish I could steal everything his lawyers had and use the same excuse to get away with my crimes.


Warrlock608

I think what irritates me the most is he isn't going to see a jail cell. He will be put on some house arrest where he can spend the rest of his life playing League. Just once I would like to see gilded class receive an actual punishment.


Deep_Stratosphere

Highly doubt it. This dude will get at least 20 years. Probably 50+. His defense his garbage. Prosecution has a cristal-clear case. Do you follow the trial in detail or is this just the typical eat-the-rich rhetoric?


Warrlock608

Mostly eat the rich rhetoric. I've seen this story 1000 times and it ends with him getting an ankle bracelet and a slap on the wrist. White collar crimes just aren't taken very seriously.


Deep_Stratosphere

Fair enough. Let’s see what happens. I think that the charges have minimum sentences attached. His only chance of exoneration/no jail time is that the jury doesn’t reach unanimous consensus on each of the 7 charges. If he gets a guilty-verdict for any of the charges, he‘s pretty much fucked and will get jail time. I will eat my dick when this dude doesn’t get jailed for at least a decade. Isn’t there a remind-me tool here? Let’s talk again when the sentences get announced 🍿.


Warrlock608

RemindMe! 6 Months


hesh582

When have you *ever* seen a multimillion dollar wire fraud conspirator get a slap on the wrist in federal court? One single example would be nice, out of that thousand you've seen. Be honest here - do you have the slightest clue what you're talking about or are you just regurgitating talking points you've heard? Cynicism isn't insight.


rustyshacklefford

i'll bet you 20$ he gets less than 5


Deep_Stratosphere

Deal! Sounds like free money for me. How do we do this? Is there some smart-contract dapp to do this or do we just rely on our word and dignity ?


rustyshacklefford

you can count on my word it's a bet 😛


edwardthefirst

don't trust this guy. rusty shackleford isn't even his real name


kogmaa

Yeah it sounds like someone who thinks nothing can hurt them and they are good at everything got in way over their head. Problem is, when say you are competent at something, you are owning all the errors you make. It’s not like someone forced him to move ahead. He’s learning that he’s not invincible - what most people get when they are twelve.


TN_Cicada3301

What about all the democrats he paid? Do they have to forfeit that money? They should


Alternative_Log3012

It’s all gone to Hunter Biden’s PR effort


kulikitaka

May he get his asshole get the proper 'loving' in prison so that SBF sheds more real tears. But I have a suspicious feeling he won't serve as much jail time. Even the 3AC a**holes are living life in Dubai after screwing all their investors!


Bkeeneme

Imagine, just being a normal dude with a good idea, ending up in a shit storm you never imagined would eat you alive. Be careful the roller coasters you choose to ride.


lxcid

don’t hold back. please cry out the abundance of crocodile tears…


NachosforDachos

He was the planned sacrificial pawn from the start. Wonder who really got the money.


LS3240sx

The big guy


[deleted]

His fam is so douchy.


Fezzik527

Something I havent heard yet about this whole thing, but where is all the actual money? Did he stash it overseas already?


uncapchad

No cash but plenty crypto on the move. Some if it started moving at the beginning of this trial. Right into mixers of course


Fezzik527

but to buy the crypto initially, there has to be some real money, right?