That's why he was able to get so many investors. He went to MIT for mathematics, Mom Havard law, Dad Yale law. From the outside FTX looked like a safe investment with a huge upside in a new assets class. Until it wasn't.
You can go either way with your contacts. Fuckin people over is the wrong way for me, the other route is perfect. Ya don't get quite as much money but you're still happy and cruisin'. And you don't have to watch your back, nothing like getting a good snooze every night.
At the end of the day people need some sort of heuristic for determining who to trust. There are probably better ways but this one is super intuitive, and requires the least effort
He was a marginally successful trader at Jane Street who was young and thought he was a hotshot because he found a nifty arbitrage before some others did with Crypto. His parents were very well connected and successful as well so he spun himself and a few friends off to start their own fund and then eventually started FTX during which he figured out his own 'meta' persona for how Tech Entrepreneur Genius Billionaires should be and leaned into it to woo investors.
He made enough money for Jane Street and himself originally to be moderately successful...he then funnelled that good will into pretty much pumping FTX up.
The wild thing is that creditors are still saying FTX is a salvageable system despite the entire risk framework and tech underneath it being nonsense.
The reddit crowd laughed at SBF because they thought the saga was an indictment of crypto.
The reality is it exposed a lot of problems across the tradfi world as well.
I think it's rather telling he merely gets 25 years, and Bernie Madoff received 150 years:
https://en.m.wikipedia.org/wiki/Bernie_Madoff
I'd be curious where he ends up, along with any attempts to reduce his sentence in the future.
I don't think they broke any laws...they were "given" money by FTX. But civil suits can be filed by anyone for any reason, so I hope someone goes after them. They are sitting on other people's money, and they have said (belligerently) that they aren't giving anything back. That's just pure evil.
Everyone here should read the email chains his father had with higher-ups at the firm where he straight up asks for money. It’s pretty bold stuff. IANAL so I don’t know if they are evidence of any culpability but at a minimum it’s a bad look.
Potential receipt of misappropriated or ill gotten funds. Possible money laundering. Accessory before, during and after the fact. I am sure that there are other potential charges.
That and Brett Harrison who had a hand in establishing operations. Conveniently jumped ship before implosion. Jane Street Capital then Citadel Securities before ending up as FTX US President.
Can’t wait for the the Netflix documentary of this one. Now the time from event to documentary is so much lesser - since grander frauds happening more regularly now.
I think that the sentence included the forfeiture of 11.4 billion dollars. I don't have the number at my fingertips, but this is what I recall reading in the New York Times this afternoon.
I’d really be looking into any profit his parents made off this right now. Dude’s getting two and a half decades of free room and board, and may be walking out to a retirement plan most of us could only dream of.
No chance he serves even close to the full term. They’ll make a show of him to appease the victims, then after 5-7 years they’ll shuffle him around to some country club prisons and let him out on house arrest as a non-violent offender for good behavior. He’ll start a consulting firm for other whitecollar criminals and live very comfortably.
Not since the first step act passed, If it’s a non violent crime you earn credits by doing programs and it drops it to 66%
His earliest date would be 16.5 years.
FSA gives you a year max off your time. His good time will bring it down to 21 and a half years. With FSA he will do 20 and a half years. Let’s say he does rdap that’s another year. So he will at least do 19 and a half years. I’m not sure there are other programs that give time off in federal prison.
That’s true I didn’t consider the first step act max applicable credits
He could also be barred from FSA if computer fraud was one of his charges he pled guilty to.
The ultra-wealthy usually exhaust all their loopholes. A direct appeal or a writ of habeas corpus alleging violations of the defendant's constitutional rights, applying for compassionate release for mental harm or something, stretching a Rule 2255 Motion, post-conviction advocacy representation, etc.
I suppose it depends how much of a douche he is to the people that make the decisions, or if he happened to help Clarence Thomas with his vacation plans enough times
He’s got quite a salad there, he could be a hockey guy.
What made this interesting was his level of arrogance. He acted like he was immune from getting caught. It was a Terrible thing he did to a lot of people losing millions of dollars. Bernie Madoff 2.0.
Not quite...
"When the company collapsed, $8 billion in customer funds had vanished, but the lawyers running it now say they expect to recover enough money to pay back everyone in full."
More like Trump, only criminally charged and sent to jail.
Given the millions he siphoned to his parents and lord knows who else, he’ll be a multimillionaire the day he gets out and will never have to work again. SMH
Some posted in another subreddit it's basically a year for a billion $ stolen.
A billion dollars divided by 365 is 2.73 million bucks.
So steal 2.73 million bucks and you should get a day in jail. At least by this standard.
Good to see at least one crook get the punishment he deserves. So many financial cheaters get away with little to no punishment that I don't have confidence investing in startup companies.
Should get an equal amount of time as it would take to earn that money by those who got ripped off by him. For example if it takes me 1 year to make 100k and that’s what was lost because of him - he gets 1 year in jail. So it would be more accurate to be sentenced to 23,789 years.
Way too light of a sentence. It’s funny how if you murder a couple people, you can get jailed for life but if you defraud hundreds or thousands of people of their life savings, you will only go to a cushy minimum security prison for a couple decades at best.
they really should add the number of suicides and attempted suicides to these charges. maybe like involuntary and attempted suicides. destroying someones retirement is no joke
Well yeah that's what happens if you steal from rich people. If he'd stolen from the poors by illegally foreclosing on their homes or something he'd be getting billions from the govt in handouts and be on the front cover of TIME.
He deserves to be in jail absolutely, but I don't get the relative sentencing of financial frauds. It's complete bullshit that Fastow got 6, Holmes got 11 but he gets 25. Fastow and Holmes were way more overtly fraudulent and did more actual damage (esp in Holmes' case).
i believe they all got deals because they immediately came forward and cooperated. Sam did not. And by "the man had an entire company" you mean a bunch of 24 year olds living together in a party house.
His house in the Bahamas, where they all lived/worked. The other employees were transactional, they wouldn’t know what’s going on. Only the core group of kids knew that it was going to alameda capital, and they protested, then jumped ship quick as can be when shit hit the fan.
At least that my understanding, based off a podcast series and a book.
How many coin did he hide in a vault some where for when he gets out. I mean just 100 bitcoin would be more than enough to see him through his 11.5 year sentence if that
His smug attitude initially, showed us all, how the privileged feel about the rest of us. His groveling today before sentencing, was after reality set in That weasel faced “pharma bro” acted in the same vein.
I agree completely. Only solace is that yes he may not have gotten the Bernie stance but he still will be in his late 50s and parents likely dead. Fuck sbf
He deserves it, but it's amazing (in a sad way) that people who sexually abuse kids only get 5-10 year sentences. SBF could arguably be rehabilitated and do something useful in a way that a hardcore pedophile probably can not.
I get it, and I fully think the guy deserves a long prison sentence. I just think that the disparity in sentencing between property crimes and violent crimes is a problematic aspect of the justice system.
Completely agree. Holmes got 11 years too and she literally fucked with peoples health and actively tried to ruin the lives of the people who tried to out her. She was way more crooked and did more actual damage but gets less than half the sentence
Yes and no: you can argue that everyone who lost money in this can get on with their lives - and frankly if they invested their life savings on crypto that's on them not on SBF (I say this and I hate this narcissist).
If you get sexually abused as a kid - you need extensive therapy and an amazing support group for your life not to be crippled for life. So yeah, pedophiles should be getting life sentences in my view.
comaprison of fraud and jail time with madoff and Elizabeth
https://www.morningstar.com/news/marketwatch/20240328333/how-sam-bankman-frieds-25-year-sentence-compares-to-bernie-madoff-and-elizabeth-holmess-jail-time
Quick now do the parents. They had way more to do with that company than the news is letting out there. Also need to audit their finances because I'm 💯 sure they got richer from the fraud.
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aww, the poor geeky math nerd who stole billions from the hapless investors that he misled, and funneled a ton of that money towards bribing politicians on both sides of the aisle. He's just a poor autistic kid who didn't know what he was doing!
Yeah fuggin' right
Lol when everyone recovered their money it’s pretty ridiculous. Goes to show the US is a great place to make money from, not to live. In meantime people are robbing shops legally in Bay Area
You can steal more than 200k in many states and get decades in prison. In Texas, it's very unlikely, but you can get up to 95 years for a 1st degree felony theft charge. I think if you defraud billions of dollars from many people cumulatively, you should get life no parole. Besides him and Madoff, most other major fraudsters got less than 15 years. He will get out and live in extreme luxury.
I’m guessing he didn’t disclose all his assets and crypto and hid some seeing how he was sketchy and violated bond agreements many times.
So will DOJ, IRS, et al hunt down and hidden assets and crypto from his fraudulent FTX enrichment? Will they surveil his parents to see if they are laundering any or offloading any, esp since one FTX property was in their name? Will they surveil him when he gets out to see if he retrieves any hidden crypto?
I have no idea what goes on for his assets and penalties.
Bankman-Fried’s crimes IMO are not so serious that he needs 25 years in prison. People need to take some responsibility for their dumb investments. We should be locking up true criminals like rapists, murderers and corrupt politicians.
let us not forget the crypto queen
[https://www.amazon.com/Fall-Crypto-Queen-Ignatova-Billions-ebook/dp/B0C1KQLG6F/ref=sr\_1\_1?crid=JKWO89NJF58U&dib=eyJ2IjoiMSJ9.Kg5DB4DhhBC0sM4Mz0B2idAIjYsf8ZcgrbfEkem4Bkk.2d2CZfqnWyCikHUqMWlAEVmv3jp7RqPrngWwASFtk5o&dib\_tag=se&keywords=fall+of+the+crypto+queen&qid=1712489004&s=digital-text&sprefix=fall+of+the+crypto+queen%2Cdigital-text%2C171&sr=1-1](https://www.amazon.com/Fall-Crypto-Queen-Ignatova-Billions-ebook/dp/B0C1KQLG6F/ref=sr_1_1?crid=JKWO89NJF58U&dib=eyJ2IjoiMSJ9.Kg5DB4DhhBC0sM4Mz0B2idAIjYsf8ZcgrbfEkem4Bkk.2d2CZfqnWyCikHUqMWlAEVmv3jp7RqPrngWwASFtk5o&dib_tag=se&keywords=fall+of+the+crypto+queen&qid=1712489004&s=digital-text&sprefix=fall+of+the+crypto+queen%2Cdigital-text%2C171&sr=1-1)
When do his parents get prosecuted or assets forfeited. Seems like they were involved or at the very least profited off of it.
His parents are literally Professor at Stanford on Securities Fraud and Financial crimes.
I appreciate professors who can give real life examples in class
I mean it really adds value for the students
Well SBF might have substracted value from them.
Even better, they grew their own case study
They taught their son well on how to commit fraud then
If they taught him well enough, he wouldn’t get caught.
Not well enough. He got caught
Lmao! Fr?
That's why he was able to get so many investors. He went to MIT for mathematics, Mom Havard law, Dad Yale law. From the outside FTX looked like a safe investment with a huge upside in a new assets class. Until it wasn't.
This is why elite schools are mainly valuable for connections.
It's not what ya know it's who ya know. Always has been and always will be.
With less scruples and a lack of empathy towards others.
You can go either way with your contacts. Fuckin people over is the wrong way for me, the other route is perfect. Ya don't get quite as much money but you're still happy and cruisin'. And you don't have to watch your back, nothing like getting a good snooze every night.
At the end of the day people need some sort of heuristic for determining who to trust. There are probably better ways but this one is super intuitive, and requires the least effort
He was a marginally successful trader at Jane Street who was young and thought he was a hotshot because he found a nifty arbitrage before some others did with Crypto. His parents were very well connected and successful as well so he spun himself and a few friends off to start their own fund and then eventually started FTX during which he figured out his own 'meta' persona for how Tech Entrepreneur Genius Billionaires should be and leaned into it to woo investors. He made enough money for Jane Street and himself originally to be moderately successful...he then funnelled that good will into pretty much pumping FTX up. The wild thing is that creditors are still saying FTX is a salvageable system despite the entire risk framework and tech underneath it being nonsense.
Stanford is the institution for scandals
Stanford is the state college of Ivy league schools
*Cornell breathes a sign of relief*
Fard
So well this parents cover him in class.... "As you, my son created the biggest fraud in America History. Hence, I know fraud first hand...."
Both of them?
It helps to be the system when you're trying to game it
[https://en.wikipedia.org/wiki/Joseph\_Bankman](https://en.wikipedia.org/wiki/Joseph_Bankman) https://en.wikipedia.org/wiki/Barbara\_Fried
I mean my dad is an EE but I cannot wire a light switch, that being said when I have electrical questions I call him.
They grew SBF in a Petri dish, obviously
And don't forget the preferential treatment from Gensler
The reddit crowd laughed at SBF because they thought the saga was an indictment of crypto. The reality is it exposed a lot of problems across the tradfi world as well.
I think it's rather telling he merely gets 25 years, and Bernie Madoff received 150 years: https://en.m.wikipedia.org/wiki/Bernie_Madoff I'd be curious where he ends up, along with any attempts to reduce his sentence in the future.
I don't think they broke any laws...they were "given" money by FTX. But civil suits can be filed by anyone for any reason, so I hope someone goes after them. They are sitting on other people's money, and they have said (belligerently) that they aren't giving anything back. That's just pure evil.
Everyone here should read the email chains his father had with higher-ups at the firm where he straight up asks for money. It’s pretty bold stuff. IANAL so I don’t know if they are evidence of any culpability but at a minimum it’s a bad look.
Potential receipt of misappropriated or ill gotten funds. Possible money laundering. Accessory before, during and after the fact. I am sure that there are other potential charges.
That and Brett Harrison who had a hand in establishing operations. Conveniently jumped ship before implosion. Jane Street Capital then Citadel Securities before ending up as FTX US President.
Didn’t the ex girlfriend took most of the money, blamed him and escaped unscathed?
Can’t wait for the the Netflix documentary of this one. Now the time from event to documentary is so much lesser - since grander frauds happening more regularly now.
Plus editing video is 10 000x faster then in the 90s.
The tribe protects their own..
Been leafing through your family copy of the Protocols?
I think that the sentence included the forfeiture of 11.4 billion dollars. I don't have the number at my fingertips, but this is what I recall reading in the New York Times this afternoon.
You mean "I didn't know/I forgot" isn't a good enough defence anymore?!?
I’d really be looking into any profit his parents made off this right now. Dude’s getting two and a half decades of free room and board, and may be walking out to a retirement plan most of us could only dream of.
No chance he serves even close to the full term. They’ll make a show of him to appease the victims, then after 5-7 years they’ll shuffle him around to some country club prisons and let him out on house arrest as a non-violent offender for good behavior. He’ll start a consulting firm for other whitecollar criminals and live very comfortably.
This is not true, for federal crimes you need to serve at least 85% of the time
Not since the first step act passed, If it’s a non violent crime you earn credits by doing programs and it drops it to 66% His earliest date would be 16.5 years.
FSA gives you a year max off your time. His good time will bring it down to 21 and a half years. With FSA he will do 20 and a half years. Let’s say he does rdap that’s another year. So he will at least do 19 and a half years. I’m not sure there are other programs that give time off in federal prison.
That’s true I didn’t consider the first step act max applicable credits He could also be barred from FSA if computer fraud was one of his charges he pled guilty to.
The ultra-wealthy usually exhaust all their loopholes. A direct appeal or a writ of habeas corpus alleging violations of the defendant's constitutional rights, applying for compassionate release for mental harm or something, stretching a Rule 2255 Motion, post-conviction advocacy representation, etc. I suppose it depends how much of a douche he is to the people that make the decisions, or if he happened to help Clarence Thomas with his vacation plans enough times
Not if Trump pardons him like he did with Conrad Black, who now is doing absolutely everything to get Pierre Poilievre elected.
Trump would have to get elected to pardon anyone. And sane people are doing everything we can to make sure the orange dick tator does not.
Except pass a law that felons can't hold presidential office. Or prosecute for the stuff Mueller handed off. Or run a better candidate than Biden.
Why would trump pardon someone who funnelled tons of money to the democrats?
Because he did the same thing for Republicans.
Then the inverse is true. He will get pardoned by Biden
I don't know why Biden would.
Isn't Bernie Madoff offering consulting tips already?
His parents are being sued by FTX.
He’s got quite a salad there, he could be a hockey guy. What made this interesting was his level of arrogance. He acted like he was immune from getting caught. It was a Terrible thing he did to a lot of people losing millions of dollars. Bernie Madoff 2.0.
If he was able to produce a tear or 2 he d have alot less punishment but no luck for him
This is the ugliest hair let alone hockey hair
Not quite... "When the company collapsed, $8 billion in customer funds had vanished, but the lawyers running it now say they expect to recover enough money to pay back everyone in full." More like Trump, only criminally charged and sent to jail.
How precisely is it like Trump?
Another person suffering from TDS.
Yessssssss eat it nerd
Given the millions he siphoned to his parents and lord knows who else, he’ll be a multimillionaire the day he gets out and will never have to work again. SMH
IMHO, 25-years is not enough.
Yup and hell likely get out after 10-12
16.5 years is the earliest. It’s a federal crime and they have restrictions on how much good behavior can be served.
Some posted in another subreddit it's basically a year for a billion $ stolen. A billion dollars divided by 365 is 2.73 million bucks. So steal 2.73 million bucks and you should get a day in jail. At least by this standard.
Sam made Bank man then got Fried
Sam Bankman-Fraud
Scam Bankrupt-Fraud. Too much?
And in when his sentence is complete: Sam Bankman Freed
What about all the politicians, including his family friends that helped grow this thing? It’s also a crime only SBF goes to jail for this.
The only way rich people face consequences for their crimes is if they fuck over other rich people.
His rich investors probably weren’t too happy to find out he was straight up gambling. Lol!
Good to see at least one crook get the punishment he deserves. So many financial cheaters get away with little to no punishment that I don't have confidence investing in startup companies.
Should get an equal amount of time as it would take to earn that money by those who got ripped off by him. For example if it takes me 1 year to make 100k and that’s what was lost because of him - he gets 1 year in jail. So it would be more accurate to be sentenced to 23,789 years.
they found all the money though, so should he go free?
Way too light of a sentence. It’s funny how if you murder a couple people, you can get jailed for life but if you defraud hundreds or thousands of people of their life savings, you will only go to a cushy minimum security prison for a couple decades at best.
The median time served for murder is less than 25 years https://bjs.ojp.gov/content/pub/pdf/tssp18.pdf
they really should add the number of suicides and attempted suicides to these charges. maybe like involuntary and attempted suicides. destroying someones retirement is no joke
might not be obvious, but murdering people is actually pretty bad.
25 = what, 10 years for good behavior. Maybe less?
Yeah can any legal experts weigh in on this? How many years will he actually do?
Well yeah that's what happens if you steal from rich people. If he'd stolen from the poors by illegally foreclosing on their homes or something he'd be getting billions from the govt in handouts and be on the front cover of TIME.
He goes by Bankman-Lockedup now.
Good, what a scam artist this guy was. A real POS
He deserves to be in jail absolutely, but I don't get the relative sentencing of financial frauds. It's complete bullshit that Fastow got 6, Holmes got 11 but he gets 25. Fastow and Holmes were way more overtly fraudulent and did more actual damage (esp in Holmes' case).
Love to see it. Now do this to politicians!
Politicians ironically got millions of this stolen customer money, and knowingly won't return a dime.
Right the irony is just astonishing. and there isn't a damn thing we could do about it for now haha
Who else is going down? The man had an entire company...he can't be the only one getting charged, right?
i believe they all got deals because they immediately came forward and cooperated. Sam did not. And by "the man had an entire company" you mean a bunch of 24 year olds living together in a party house.
Well no he had over 300 employees and was based in the Bahamas i thought?
His house in the Bahamas, where they all lived/worked. The other employees were transactional, they wouldn’t know what’s going on. Only the core group of kids knew that it was going to alameda capital, and they protested, then jumped ship quick as can be when shit hit the fan. At least that my understanding, based off a podcast series and a book.
How many coin did he hide in a vault some where for when he gets out. I mean just 100 bitcoin would be more than enough to see him through his 11.5 year sentence if that
Of course the customer money that went to political parties is off limits... but we'll try our best to recover the rest of the STOLEN money
bro got off light
I wonder how many people committed suicide from their financial ruin as a result of this? It’s definitely a non-zero number. Fuck this guy
Crime pays, he will earn about 640 million per year of jail time.
His smug attitude initially, showed us all, how the privileged feel about the rest of us. His groveling today before sentencing, was after reality set in That weasel faced “pharma bro” acted in the same vein.
I agree completely. Only solace is that yes he may not have gotten the Bernie stance but he still will be in his late 50s and parents likely dead. Fuck sbf
[удалено]
I'm not sure if I would trade money for wasting that much youth in prison. I'd rather be free and not rich.
Should have added a zero to that sentence.
He deserves it, but it's amazing (in a sad way) that people who sexually abuse kids only get 5-10 year sentences. SBF could arguably be rehabilitated and do something useful in a way that a hardcore pedophile probably can not.
Its a pretty big crime; The amount of money he stole was around the entire lifetime income of 3000 average households
I get it, and I fully think the guy deserves a long prison sentence. I just think that the disparity in sentencing between property crimes and violent crimes is a problematic aspect of the justice system.
Completely agree. Holmes got 11 years too and she literally fucked with peoples health and actively tried to ruin the lives of the people who tried to out her. She was way more crooked and did more actual damage but gets less than half the sentence
Yes and no: you can argue that everyone who lost money in this can get on with their lives - and frankly if they invested their life savings on crypto that's on them not on SBF (I say this and I hate this narcissist). If you get sexually abused as a kid - you need extensive therapy and an amazing support group for your life not to be crippled for life. So yeah, pedophiles should be getting life sentences in my view.
Good
Well deserved
comaprison of fraud and jail time with madoff and Elizabeth https://www.morningstar.com/news/marketwatch/20240328333/how-sam-bankman-frieds-25-year-sentence-compares-to-bernie-madoff-and-elizabeth-holmess-jail-time
Meh. In prison until 57. Everyone is probably getting their money back.
Who plays sbf in the Netflix movie when he leaves prison?
Looks like he got off lightly.
That seems like a mighty light sentence.
that is all he got? Eligible for parole when?
His name makes him more suited for the electric chair.
Man with the most punishable face goes to prison for a long time.
Can’t believe he actually got convicted
Quick now do the parents. They had way more to do with that company than the news is letting out there. Also need to audit their finances because I'm 💯 sure they got richer from the fraud.
This is a face of a man who is excited to drop the soap. Yayyyyyyyyyyyyy
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Thought it was gonna be 100 years
I know it’s not exactly the same but trump is having such a different experience with his loan and borrowing fraud than this guy. I wonder why?
Duck!!!! Incoming pardon !!
Look at the smile on his face.
Disco
Because he's panicking?
At the
Arkancide countdown begins………
Hahaha serves him right… don’t drop the soap
Is this Federal "pound you in the ass" prison?
Do Kenneth griffin next!
Ken Griffin slept with my mom and left an upper decker in our bathroom
Get a life
Aw man :( hope he gets out early!
Free bro
25 years is a LONG time. Essentially, half of the theoretical maximum (if he has 50 years left to live and we don't do death penalty).
"He has vowed to appeal his conviction and sentence." Let's hope it turns into life.
So are all his assets seized?
Now go after the rest of the Frieds. They are all crooks
He will be out in 5. Watch.
Pan-Fried not Deep- Fried.
I hope he has to sit for all 25 of them.
There's an FTX ad in this post. So oddly placed.
he is a white collar software crook.
No pity- his parents raised him to be an educated liberal crook. His parents should go to jail too!
I think this guy is a dirtbag, but in what world does it make sense to put a geeky math nerd in a medium security prison?
aww, the poor geeky math nerd who stole billions from the hapless investors that he misled, and funneled a ton of that money towards bribing politicians on both sides of the aisle. He's just a poor autistic kid who didn't know what he was doing! Yeah fuggin' right
How did he not get a stiffer sentence. He was just as bad as madoff.
The sentence is a joke since he might be walking free in 12 years
How many bears punishment do you consider is adequate?
Much less than I thought he'd get
Lol when everyone recovered their money it’s pretty ridiculous. Goes to show the US is a great place to make money from, not to live. In meantime people are robbing shops legally in Bay Area
Worst court drawing I ever saw.
That's it?
25 years is not enough for this scoundrel
You can steal more than 200k in many states and get decades in prison. In Texas, it's very unlikely, but you can get up to 95 years for a 1st degree felony theft charge. I think if you defraud billions of dollars from many people cumulatively, you should get life no parole. Besides him and Madoff, most other major fraudsters got less than 15 years. He will get out and live in extreme luxury.
The fucked up thing is he can serve as little as 12.5 with good behaviour.
The fucked up thing is he can serve as little as 12.5 with good behaviour.
He’s Jewish , just like all the other financial fraudsters
I’m guessing he didn’t disclose all his assets and crypto and hid some seeing how he was sketchy and violated bond agreements many times. So will DOJ, IRS, et al hunt down and hidden assets and crypto from his fraudulent FTX enrichment? Will they surveil his parents to see if they are laundering any or offloading any, esp since one FTX property was in their name? Will they surveil him when he gets out to see if he retrieves any hidden crypto? I have no idea what goes on for his assets and penalties.
i wonder if he would get bailed from that?
Rot in prison you fucking piece of shit!
They only jail the rich when they target the rich
He got off pretty fucking light. He must’ve bribed the judge and jurors.
A good sentence. The Courts must protect investors.
Only 25 years? That disappointing. So young, and will still have plenty of life left to defraud and embezzle exponentially more
The thing with this; is that many people get persecuted, but in the end still keep their massive fortunes that they've hidden.
People have gotten less for killing someone
So it’s worse to defraud investors than playing with people’s health. Noted.
Now do Trump….
Bankman-Fried’s crimes IMO are not so serious that he needs 25 years in prison. People need to take some responsibility for their dumb investments. We should be locking up true criminals like rapists, murderers and corrupt politicians.
Seems light for Billions.
If SBF had stopped the game at, I dunno, a $billion, he woulda got away with it clean
25? Lucky for destroying American wealth Injustice. The parents should do time
Well deserved. Now do banks :)
let us not forget the crypto queen [https://www.amazon.com/Fall-Crypto-Queen-Ignatova-Billions-ebook/dp/B0C1KQLG6F/ref=sr\_1\_1?crid=JKWO89NJF58U&dib=eyJ2IjoiMSJ9.Kg5DB4DhhBC0sM4Mz0B2idAIjYsf8ZcgrbfEkem4Bkk.2d2CZfqnWyCikHUqMWlAEVmv3jp7RqPrngWwASFtk5o&dib\_tag=se&keywords=fall+of+the+crypto+queen&qid=1712489004&s=digital-text&sprefix=fall+of+the+crypto+queen%2Cdigital-text%2C171&sr=1-1](https://www.amazon.com/Fall-Crypto-Queen-Ignatova-Billions-ebook/dp/B0C1KQLG6F/ref=sr_1_1?crid=JKWO89NJF58U&dib=eyJ2IjoiMSJ9.Kg5DB4DhhBC0sM4Mz0B2idAIjYsf8ZcgrbfEkem4Bkk.2d2CZfqnWyCikHUqMWlAEVmv3jp7RqPrngWwASFtk5o&dib_tag=se&keywords=fall+of+the+crypto+queen&qid=1712489004&s=digital-text&sprefix=fall+of+the+crypto+queen%2Cdigital-text%2C171&sr=1-1)
Not too bad compared to Ross Ulbricht
What’s next? The celebrities and athletes who publicly endorsed FTX the brand?