SBF jailed
- Thread starter Pekelo
- Start date
Yeah, we're pretty fcking sure.
Used firewalled client funds for buying all sorts of sht. Lost most of it.
I dont't know, have you ever read the charing paper?
https://www.sec.gov/news/press-release/2022-219
According to the SEC’s complaint, since at least May 2019, FTX, based in The Bahamas, raised more than $1.8 billion from equity investors, including approximately $1.1 billion from approximately 90 U.S.-based investors. In his representations to investors, Bankman-Fried promoted FTX as a safe, responsible crypto asset trading platform, specifically touting FTX’s sophisticated, automated risk measures to protect customer assets. The complaint alleges that, in reality, Bankman-Fried orchestrated a years-long fraud to conceal from FTX’s investors (1) the undisclosed diversion of FTX customers’ funds to Alameda Research LLC, his privately-held crypto hedge fund; (2) the undisclosed special treatment afforded to Alameda on the FTX platform, including providing Alameda with a virtually unlimited “line of credit” funded by the platform’s customers and exempting Alameda from certain key FTX risk mitigation measures; and (3) undisclosed risk stemming from FTX’s exposure to Alameda’s significant holdings of overvalued, illiquid assets such as FTX-affiliated tokens. The complaint further alleges that Bankman-Fried used commingled FTX customers’ funds at Alameda to make undisclosed venture investments, lavish real estate purchases, and large political donations.
The next big fraud is already in the making by the same criminal tribe...:
Many governments doubt the security (biometric, iris scan
) of this new shaet, incl. US and German goverments.
Many governments doubt the security (biometric, iris scan
) of this new shaet, incl. US and German goverments.
1. Lots of VC firms are full of youngsters with the same attitude.
2. VCs know 90% of their investments won't work out, so that is their excuse.
I include in this generational stupidity the Silk Road Pirate Roberts guy. He had the nerve to run the biggest online drug market place from INSIDE the USA. That was AFTER he was already on the radar of the FBI and he knew it. But his liberalist bullshit beliefs and not knowing the LAW let him get caught and get a 40 or so years sentence.
I hope SBF also gets 20+ years... These morons need to learn a life lesson.
%%
The other Chicago Exchange cares, any sensible capitalist may care.[I dont carethat looked like he cut his own hair sloppy + dont really blame him for thatLOL]
I see your point, however ;
prison labor is nota '' big deal'' .Maybe a good idea for those crooks.
STRANGELY, the crooks get so bored , they say, they are glad to work for NOTHING on the chain gang. Misuse of[stupid] clients funds is still a crime.
There is a big liberal uprising now to remove Roberts from prison, because he is a 'liberal' hero.
You know, trafficking children, facilitating hit-contracts, aiding cocaine deals, etc. All such great stuff in the liberal world. But now that it's all being de-criminalized in places such as woke California and since we don't want to upset the nice innocent people of BLM... we see now that Roberts was really just a hero ahead of his time.
He's really a great libertard kind of guy if you really get to know him!
You know, trafficking children, facilitating hit-contracts, aiding cocaine deals, etc. All such great stuff in the liberal world. But now that it's all being de-criminalized in places such as woke California and since we don't want to upset the nice innocent people of BLM... we see now that Roberts was really just a hero ahead of his time.
He's really a great libertard kind of guy if you really get to know him!
Moron, do you understand the difference between Libertarian and Liberal?
His name isn't Roberts.
Link us, please.
Sam Bankman-Fried living on bread and water because jail won't abide by vegan diet, lawyer says
https://www.nbcnews.com/news/us-new...-jail-wont-abide-vegan-diet-lawyer-rcna101231
Defense attorney Mark Cohen said that Bankman-Fried isn’t getting his prescribed Adderall, which helps him focus, and that he isn’t getting a vegan diet, so he has had to subsist on bread and water with some peanut butter.
U.S. Magistrate Judge Sarah Netburn said she doesn’t think the prison can offer a vegan diet, only a vegetarian one, and she said she would look into the situation right away. Bankman-Fried is being held at the Metropolitan Detention Center in Brooklyn.
https://www.nbcnews.com/news/us-new...-jail-wont-abide-vegan-diet-lawyer-rcna101231
Defense attorney Mark Cohen said that Bankman-Fried isn’t getting his prescribed Adderall, which helps him focus, and that he isn’t getting a vegan diet, so he has had to subsist on bread and water with some peanut butter.
U.S. Magistrate Judge Sarah Netburn said she doesn’t think the prison can offer a vegan diet, only a vegetarian one, and she said she would look into the situation right away. Bankman-Fried is being held at the Metropolitan Detention Center in Brooklyn.
If he didn't want to do the time he shouldn't have done the crime. Poor wussy lala, can't get his avocado toast.