Sam Bankman-Fried is going to jail

Comments

• Gork@lemm.ee ⁨1⁩ ⁨year⁩ ago

  Defraud rich people? Go to jail.

  Defraud the rest of us? Get promoted to CEO.

  source

  • rockSlayer@lemmy.world ⁨1⁩ ⁨year⁩ ago

    That was his real crime. He stole rich people money. Where’s the CEO of bitconnect? Not in jail, I can tell you that.

    source

    • TheBat@lemmy.world ⁨1⁩ ⁨year⁩ ago

      Glenn Arcaro was sentenced to 38 months in September 2022

      source

      • -> View More Comments
    • SwallowsDick@lemmy.world ⁨1⁩ ⁨year⁩ ago

      What did he do?

      source

      • -> View More Comments
  • whats_a_refoogee@sh.itjust.works ⁨1⁩ ⁨year⁩ ago

    He didn’t defraud the rich lol. The exchange was one of the most popular among cryptocurrency users. There are no minimum and no sign up fees. The number of people he defrauded is probably in the millions.

    If anything, knowing crypto, the rich almost certainly had insider knowledge and withdrew their funds before everything collapsed.

    source

    • zik@aussie.zone ⁨1⁩ ⁨year⁩ ago

      Big investors into his company got burned too.

      source
  • BallShapedMan@lemmy.world ⁨1⁩ ⁨year⁩ ago

    Give me all your money! No no I’m not robbing you, I wanna be CEO and I need this on my resume.

    source

    • cheese_greater@lemmy.world ⁨1⁩ ⁨year⁩ ago

      Just cuz u asked like that—SOLD! You silver-tongue-sumbitch ;)

      source
  • Thorny_Thicket@sopuli.xyz ⁨1⁩ ⁨year⁩ ago

    I believe the majority of investors into FTX were pretty much just regular people

    source
• notabird@lemmy.world ⁨1⁩ ⁨year⁩ ago

  Dude wanted to build a bunker for a possible “Apocalypse”. Another delusional billionaire. Glad this guy got caught.

  source

  • eager_eagle@lemmy.world ⁨1⁩ ⁨year⁩ ago

    Now, delusion aside, I don’t know why some want to be around in a post-apocalyptic world.

    Especially as a billionaire, which wouldn’t make a difference after a catastrophic collapse of the financial system.

    source

    • ourob@discuss.tchncs.de ⁨1⁩ ⁨year⁩ ago

      You’re just not thinking like a narcissistic billionaire.

      You see, the financial system didn’t make him a billionaire. His innate genius and talent did. All the system has done is prevent him from truly achieving greatness, with its laws and regulations.

      But post-apocalypse? All that is swept away. He can be more than a mere billionaire. He can make the world the way it should be, directly, without the slow, imperfect process of buying politicians and funding think tanks.

      And, of course, he will be one of the ones to rise to the top. He’s a billionaire. The cream of the crop. He didn’t just luck into his wealth through family or gambling investing. His inherent greatness placed him at the top, and it will obviously do it again when society collapses.

      source
    • Thorny_Thicket@sopuli.xyz ⁨1⁩ ⁨year⁩ ago

      I don’t know why some want to be around in a post-apocalyptic world

      Humans have a strong will to survive and we’re great at adapting. I don’t quite see what’s so strange about it. If a plane crashes into ocean and I find myself on a deserted island I’d try to survive there too. Ofcourse in a post apocalyptic world there’s no hope of help arriving but that doesn’t really change anything for me. I find thinking about stuff like this fascinating and I’d absolutely build myself a “doomsday bunker” if I was a millionaire.

      source

      • -> View More Comments
  • TheBat@lemmy.world ⁨1⁩ ⁨year⁩ ago

    So does Steve Spez Huffman. Fuck him and his stupid fucking teeth.

    source
  • Gsus4@feddit.nl ⁨1⁩ ⁨year⁩ ago

    There are more like him who will probably survive whatever comes in the first months. I pity the survivors who have to deal with their bullshit.

    source
• SouthernCanadian@sh.itjust.works ⁨1⁩ ⁨year⁩ ago

  Jail ≠ prison, this just means he’s going to have a worse time waiting for trial.

  source
• autotldr@lemmings.world [bot] ⁨1⁩ ⁨year⁩ ago

  This is the best summary I could come up with:

  ---

  Bankman-Fried had been under house arrest, but prosecutors convinced Judge Lewis A. Kaplan of the Federal District Court in Manhattan that Bankman-Fried had fed documents to the media in order to intimidate a witness in the case.

  In June, Bankman-Fried filed a motion to dismiss, hoping that some of those charges would be dropped.

  But Kaplan decided that his arguments in the motion were "either moot or without merit,” CNN reported.

  In that report, Bankman-Fried shared private writings of Caroline Ellison, a former FTX executive and former girlfriend to Bankman-Fried who has pled guilty and is currently cooperating with law enforcement in their investigation of the cryptocurrency exchange, the Times reported.

  The court found that Bankman-Fried tampered with witnesses at least twice, Reuters reported.

  According to The New York Times, “The Times, the Reporters Committee for the Freedom of the Press, and a documentarian making a film” about Bankman-Fried “each submitted court filings raising First Amendment concerns about the gag order.”

  ---

  I’m a bot and I’m open source!

  source
• Nfntordr@lemmy.world ⁨1⁩ ⁨year⁩ ago

  [deleted]

  source

  • ARg94@lemmy.packitsolutions.net ⁨1⁩ ⁨year⁩ ago

    Likely because he’s guilty of crimes. So far Trump is just guilty of living rent free in your head.

    source

    • Poppa_Mo@lemmy.world ⁨1⁩ ⁨year⁩ ago

      [deleted]

      source

      • -> View More Comments
  • FormerlyChucks@lemmy.world ⁨1⁩ ⁨year⁩ ago

    [deleted]

    source

    • fiah@discuss.tchncs.de ⁨1⁩ ⁨year⁩ ago

      I know what will make my social media experience better though: remove you from it

      source

      • -> View More Comments
  • bitcrafter@lemmy.sdf.org ⁨1⁩ ⁨year⁩ ago

    Given how politically sensitive prosecuting Trump is, I would conjecture that they want to give Trump a great deal of rope with which to hang himself so that when he does so it will be undeniably clear that he has violated the terms of his bail and so cannot be permitted to stay free.

    source
• ijeff@lemdro.id ⁨1⁩ ⁨year⁩ ago

  I somehow skimmed this as Sam Altman for a brief moment.

  source

  • Unforseen@lemmy.world ⁨1⁩ ⁨year⁩ ago

    That’s next month

    source

    • UFO64@lemmy.world ⁨1⁩ ⁨year⁩ ago

      Sorry, I seem to be out of the loop, who’s that and what did they do?

      source

      • -> View More Comments
• ComradeLaLa@lemmy.world ⁨1⁩ ⁨year⁩ ago

  Sam Bankman-Is-Fried

  source
• ineedaunion@lemm.ee ⁨1⁩ ⁨year⁩ ago

  But not our kind of prison. he will be going to a nice cush place with all the amenities of the wealthy elite.

  source

  • pelley@lemmy.world ⁨1⁩ ⁨year⁩ ago

    Actually, no.

    source
• scarabic@lemmy.world ⁨1⁩ ⁨year⁩ ago

  “I’d like to request that jail be delayed, pending the outcome of my other request.”

  Wow. That’s some circular shit. No wonder they said no.

  source