|
Title: SBF-Denies Improper use of Customer Funds in a 1 on 1 Interview Post by: BitDane on December 03, 2022, 06:22:19 AM https://i.imgur.com/QeRykYV.png
ABC News anchor George Stephanopoulos (https://en.wikipedia.org/wiki/George_Stephanopoulos) had a 1 on 1 interview with Sam Bankman-Fried. In this 10+ minute long video, the anchor asks SBF if he new about the FTX deposit are being used to pay off Alameda creditors. It took a while for SBF to answer and deny that he knew about the improper use of customer fund. Here is the original video from ABC news : https://abcnews.go.com/GMA/News/video/ftx-founder-sam-bankman-fried-denies-improper-customer-94268098 Here is the Time Stamped Commentary video[1] done by The Altcoin Daily (https://www.youtube.com/@AltcoinDaily) channel Timestamps:[1] 0:00 (https://www.youtube.com/watch?v=tR-3h-gagjs&t=0s) - Did SBF know about the stolen FTX user funds? 1:49 (https://www.youtube.com/watch?v=tR-3h-gagjs&t=109s) - SBF on FTX's collapse: "I wasn't even trying." 2:27 (https://www.youtube.com/watch?v=tR-3h-gagjs&t=147s) - SBF pretending to be ignorant? 3:17 (https://www.youtube.com/watch?v=tR-3h-gagjs&t=197s) - Bernie Madoff/Ponzi level fraud? 4:11 (https://www.youtube.com/watch?v=tR-3h-gagjs&t=251s) - Did SBF know user funds were being stolen? 4:44 (https://www.youtube.com/watch?v=tR-3h-gagjs&t=284s) - It takes SBF 5+ minutes to answer. 9:38 (https://www.youtube.com/watch?v=tR-3h-gagjs&t=578s) - DO NOT BE FOOLED! (SBF is dumb like a fox) 10:15 (https://www.youtube.com/watch?v=tR-3h-gagjs&t=615s) - SBF on losing his entire personal net worth 11:08 (https://www.youtube.com/watch?v=tR-3h-gagjs&t=668s) - Do you believe him? In this interview it is obvious that SBF is hiding the truth. Another note taking is that he admit that he did not take his position seriously that leads to FTX bankruptcy. [1] https://www.youtube.com/watch?v=tR-3h-gagjs Title: Re: SBF-Denies Improper use of Customer Funds in a 1 on 1 Interview Post by: Poker Player on December 03, 2022, 06:32:23 AM What he may say has the same credibility as that of some of the scum that swarm the forum and some of those in cahoots with him: in other words, none.
I already commented it some time ago in another thread: I remember seeing in an interview a psychiatrist saying that very rarely people who commit crimes admit they have done something wrong. In other words, the one who rapes a 9 year old girl justifies it by saying that she "provoked him", and things like that. That's why I'm not surprised that now this asshole comes out saying that he hasn't done anything wrong. The only thing I hope is that he spends many years in jail. Title: Re: SBF-Denies Improper use of Customer Funds in a 1 on 1 Interview Post by: hugeblack on December 03, 2022, 10:34:02 AM Is it possible that he has not been charged with a criminal offense yet? With all these cases of wasting clients' money, bankrupting the organization, I thought he would be imprisoned, or at least he would be banned from traveling, or he would try to hide from public appearances.
The strangest question is, is it possible for anyone to believe him? Especially since most of the tweets at that time were denying the rumors that the platform was in a bad financial position. Title: Re: SBF-Denies Improper use of Customer Funds in a 1 on 1 Interview Post by: EarnOnVictor on December 03, 2022, 10:43:38 AM This is normal, what do you expect him to say? Of course, he can't label himself a criminal, or do you believe someone that has not been tried by a court of competence to be preaching guilt? BSF is certainly guilty as far as the documentaries I watched about him are concerned, there are many possible charges that would be filed against home when the time comes.
What you referred to is just an interview, and I know he would say what his lawyer(s) advised him to say. However, his innocence remains paramount unless a court decides otherwise. So, let's give investigators a chance to do their job as we seatback and watch. Title: Re: SBF-Denies Improper use of Customer Funds in a 1 on 1 Interview Post by: hopenotlate on December 03, 2022, 11:02:11 AM Is it possible that he has not been charged with a criminal offense yet? With all these cases of wasting clients' money, bankrupting the organization, I thought he would be imprisoned, or at least he would be banned from traveling, or he would try to hide from public appearances. The strangest question is, is it possible for anyone to believe him? Especially since most of the tweets at that time were denying the rumors that the platform was in a bad financial position. Problem is this SBF and his fraud gang is in fifth position of mega-donors for the 2022 midterms USA elections, we are talking about almost 40 millions USD according to a Washington Post analysis of Federal Election Commission data (financing both parties candidates aligned with his philanthropic vision of so-called "effective altruism" ::) )so they definitely had gained some friends among the people who matter. And this situation sucks even worse, if possible, if you compare it to the one of that Tornado Cash developer who has been qarrested in the Netherlands and seems like Dutch authorities decision was the result of a direct request by the US authorities because they consider ( particularly their OFAC - Office of Foreign Assets Control) Tornado Cash as an enabler for transactions between terrorists and criminals. If this is the case then they should also arrest whoever invented the internet because many criminals use it. Title: Re: SBF-Denies Improper use of Customer Funds in a 1 on 1 Interview Post by: bittraffic on December 03, 2022, 12:10:45 PM It's a wonder how this guy still wasn't handcuffed. But he actually can get away with all that he did through the help of his parents and the politicians he bought. And the media is not just representing him like he is a misunderstood philanthropist but also wants the people to think that he has no intention of scamming. It wasn't premeditated.
If he isn't someone with well-connected parents, SBF would have been in jail already and could end up dead by suicide. Title: Re: SBF-Denies Improper use of Customer Funds in a 1 on 1 Interview Post by: hyudien on December 03, 2022, 12:16:12 PM Is it possible that he has not been charged with a criminal offense yet? With all these cases of wasting clients' money, bankrupting the organization, I thought he would be imprisoned, or at least he would be banned from traveling, or he would try to hide from public appearances. Supposedly with the evidence that already exists and the things that incriminate him to be imprisoned until now there is no news of his actions. Even if we trace deeper into SBF being one of the US political donors, is it possible that some kind of fund has entered the political space so that he is truly immune from punishment. The fate of the victims whose funds were not compensated should have become valid proof that SBF must be punished to the fullest extent. What is it about US legal policy that acts more slowly. There are always suspicions that should be questioned. Title: Re: SBF-Denies Improper use of Customer Funds in a 1 on 1 Interview Post by: Die_empty on December 03, 2022, 02:28:36 PM In this interview it is obvious that SBF is hiding the truth. Another note taking is that he admit that he did not take his position seriously that leads to FTX bankruptcy. Title: Re: SBF-Denies Improper use of Customer Funds in a 1 on 1 Interview Post by: Lucius on December 03, 2022, 04:10:21 PM I definitely recommend that you watch this video, because if it wasn't clear to you until now why everything failed, when you see Bankman talking about some things, it becomes clear to you that he actually has no idea what he's talking about, or maybe someone just wanted him to look like a victim of some other people within his company who abused their powers.
At one point you feel sorry for him and maybe send him a donation, because he has nothing more than $100 000 left. My free advice for him, let him buy 5 BTC and become a long-term holder, and with the rest of the money let him rent a small apartment and get a job at McDonald's - of course if mommy and daddy manage to buy him freedom. Title: Re: SBF-Denies Improper use of Customer Funds in a 1 on 1 Interview Post by: target on December 03, 2022, 04:48:22 PM He already has legal counsel who will ensure him free. A question answerable by Yes or No took a long turn, just beating around the bush.
He's prepared to face court and it's the court that isn't prepared for him. He's got a ton of backer who are more powerful than the judges and victims. Title: Re: SBF-Denies Improper use of Customer Funds in a 1 on 1 Interview Post by: Fortify on December 03, 2022, 05:29:22 PM ABC News anchor George Stephanopoulos (https://en.wikipedia.org/wiki/George_Stephanopoulos) had a 1 on 1 interview with Sam Bankman-Fried. In this 10+ minute long video, the anchor asks SBF if he new about the FTX deposit are being used to pay off Alameda creditors. It took a while for SBF to answer and deny that he knew about the improper use of customer fund. Here is the original video from ABC news : https://abcnews.go.com/GMA/News/video/ftx-founder-sam-bankman-fried-denies-improper-customer-94268098 Here is the Time Stamped Commentary video[1] done by The Altcoin Daily (https://www.youtube.com/@AltcoinDaily) channel In this interview it is obvious that SBF is hiding the truth. Another note taking is that he admit that he did not take his position seriously that leads to FTX bankruptcy. Anything he is saying right now is simply an effort to try and stave off any criminal actions against him, which are likely going to evolve at some point. "Dumb like a fox"? Is a strange expression, as they are usually animals described as sly or intelligent. You have to discount anything he says really, because he is the person ultimately responsible and the way he treated the company was downright criminally irresponsible. He was responsible for a lack of customer funds separation and part of the problem was the side business that was manipulating trades that actually benefited his personal wealth. It feels like the administrator is about to uncover a heck of a lot of bad business practice that has landed FTX where it ended up. Title: Re: SBF-Denies Improper use of Customer Funds in a 1 on 1 Interview Post by: eaLiTy on December 03, 2022, 06:02:03 PM Is it possible that he has not been charged with a criminal offense yet? With all these cases of wasting clients' money, bankrupting the organization, I thought he would be imprisoned, or at least he would be banned from traveling, or he would try to hide from public appearances. When you have parents who has connections at the top, you might get away with things like this. His mother Barbara Fried has connection to the democratic party and having fundraising organization that caters to the party and his dad Joseph Bankman who had connection with top executives where he was able to source funds easily for his son and his political connection and when you have those combinations none of the media will not chastise him and might get away with frauds like these ;).Title: Re: SBF-Denies Improper use of Customer Funds in a 1 on 1 Interview Post by: gantez on December 03, 2022, 06:11:27 PM He already has legal counsel who will ensure him free. A question answerable by Yes or No took a long turn, just beating around the bush. He's prepared to face court and it's the court that isn't prepared for him. He's got a ton of backer who are more powerful than the judges and victims. Except the judges will be corrupt and turn judgement to his favour. If the court will do the right thing, it should not go his favour. SMF has a first responsibility to take care of customer money and protect it as the CEO of FTZ but the money is use for paying of some unfound debt which is wrong. For the many reasons that he can present with his lawyers but he did not protect the money in his watch. Title: Re: SBF-Denies Improper use of Customer Funds in a 1 on 1 Interview Post by: BitDane on December 03, 2022, 10:44:56 PM Is it possible that he has not been charged with a criminal offense yet? With all these cases of wasting clients' money, bankrupting the organization, I thought he would be imprisoned, or at least he would be banned from traveling, or he would try to hide from public appearances. When you have parents who has connections at the top, you might get away with things like this. His mother Barbara Fried has connection to the democratic party and having fundraising organization that caters to the party and his dad Joseph Bankman who had connection with top executives where he was able to source funds easily for his son and his political connection and when you have those combinations none of the media will not chastise him and might get away with frauds like these ;).Not only parents, SBF already gain favor of lots of influential politician due to his political donations. We might see someone being pinned on this case, and it looks like she is the girlfriend of SBF and CEO of Alameda. I feel sorry for this lady because I think it is all SBF's plan or someone powerful that is working behind the scene and the girl is just a figurehead of the company without any authority at all. Title: Re: SBF-Denies Improper use of Customer Funds in a 1 on 1 Interview Post by: gunhell16 on December 04, 2022, 03:08:36 AM I watched that interview with Sam Bankman-Fried in the NYT, and while I was watching the interview with him, I was annoyed at his answers to the questions he asked, he was lying, he was doing it with his hands washed and using the NTY he was showing it he is a clean person.
He emphasizes that he is not at fault and has nothing to do with the incident, which is very impossible for you, the Founder, to know nothing about what is going on in FTX, that is a big joke, then he goes on to say that his funds in the bank were just tight, but you will see bought expensive houses and land and others worth billions of dollars. There are so many holes that no matter what he refuses, his stench will evaporate. Title: Re: SBF-Denies Improper use of Customer Funds in a 1 on 1 Interview Post by: Gyfts on December 04, 2022, 03:43:48 AM This interview is literally only done so he can ease public pressure on federal authorities to indict him on charges related to fraud.
In essence, usually for criminal charges to be levied (criminal charges meaning the penalty being prison), SBF would have had to engaged in conduct where he knowingly created a risk of fraudulent activity and disregarded that risk. Even if he did not facilitate fraudulent transactions or sign them off, he would still be liable if he was at all aware of them. SBF is taking the negligence angle here, in which he might concede that he should have been aware of the misconduct that was going on at FTX, but that he was not actually aware of such misconduct, thus subjecting him only to civil liability. Civil liability means fines, not prison time. Keep in mind, every statement SBF gives is under careful advisement of an expensive legal team. This interview wasn't done so he could come clean to the public, it's strictly done to ease pressure the feds might have to indict him by the public. Theoretically, any country that had user funds stolen could levy charges against him, but they don't have jurisdiction. If SBF were to step foot in any of these countries, they could arrest him on the spot. Title: Re: SBF-Denies Improper use of Customer Funds in a 1 on 1 Interview Post by: hugeblack on December 04, 2022, 06:49:04 AM Supposedly with the evidence that already exists and the things that incriminate him to be imprisoned until now there is no news of his actions. Even if we trace deeper into SBF being one of the US political donors, is it possible that some kind of fund has entered the political space so that he is truly immune from punishment. The fate of the victims whose funds were not compensated should have become valid proof that SBF must be punished to the fullest extent. What is it about US legal policy that acts more slowly. There are always suspicions that should be questioned. I do not know about that, but if the court issues a decision, he will certainly be arrested. It seems that everything that is happening now is a platform that has gone bankrupt, not deceiving users and stealing their money, so no charges have been filed, but what baffles me is that he is still in the United States and making press statements. In general, all these statements will be used against him in the future, and let's see what happens. Title: Re: SBF-Denies Improper use of Customer Funds in a 1 on 1 Interview Post by: mindrust on December 04, 2022, 06:52:09 AM He did a little fuck up there and another here but he didn’t steal from his customers and bribed the democrats nooo \s
There is only one way to deal with this kind of people. We all know it but we are afraid to say it. A punch right in the face. The sad thing is he is never going to get it. Title: Re: SBF-Denies Improper use of Customer Funds in a 1 on 1 Interview Post by: davis196 on December 04, 2022, 06:56:32 AM I'm surprised that SBF didn't run away to some obscure Latin American, African or Asian country in order to escape from the justice.
I kinda respect him for the decision to stay and admit his guilt(partially), but he is most likely a sociopath and a pathological liar. A sociopath might say "I'm sorry, it's my fault." multiple times, but that doesn't mean that he feels any regret or remorse. Sociopaths are really manipulative and they lie all the time. It will be quite interesting to see what kind of lies SBF will come up with. Title: Re: SBF-Denies Improper use of Customer Funds in a 1 on 1 Interview Post by: Lucius on December 04, 2022, 10:46:16 AM I'm surprised that SBF didn't run away to some obscure Latin American, African or Asian country in order to escape from the justice. That would be a stupid move, because with that he would practically admit that he is guilty, and considering that he has influential friends, it is better for him to stay where he is and try to pretend that he didn't know what was really happening. Besides, do you think that a character like this who lives in luxury all his life can spend the rest of his life hiding somewhere far away from the public eye? The fact that he is still outside the prison bars speaks volumes about his status, currently untouchable... Title: Re: SBF-Denies Improper use of Customer Funds in a 1 on 1 Interview Post by: Yogee on December 04, 2022, 02:27:26 PM ....or maybe someone just wanted him to look like a victim of some other people within his company who abused their powers. I'm more inclined to believe that this is the case here. I really doubt he's that incapable as he appears in the interview. Maybe his lawyers told him to act dumb or confused so they could use that during the trial. It's like how they would use a defendant's "insanity" to get a not guilty verdict or a reduced punishment.Title: Re: SBF-Denies Improper use of Customer Funds in a 1 on 1 Interview Post by: gantez on December 04, 2022, 03:04:38 PM The fact that he is still outside the prison bars speaks volumes about his status, currently untouchable... He will still be free to go about because the court yet to bring up his case to find him guilty. So for this time he can still be around everywhere but not because he is untouchable. Due process to find him guilty will be follow and if he is guilty he will go to jail, He is not untouchable (https://www.google.com/amp/s/forkast.news/sam-bankman-fried-could-face-decades-in-jail-if-convicted-of-law-violations-in-ftx-collapse-lawyers-say/amp/) https://i.imgur.com/STYEFYa.png Title: Re: SBF-Denies Improper use of Customer Funds in a 1 on 1 Interview Post by: 2stout on December 04, 2022, 03:05:02 PM As the CEO, this happened on his watch- where is the responsibility and accountability, guess he is trying to avoid jail time. I think proof shows that customers' funds were improperly used.
Title: Re: SBF-Denies Improper use of Customer Funds in a 1 on 1 Interview Post by: TimeTeller on December 04, 2022, 08:05:05 PM As the CEO, this happened on his watch- where is the responsibility and accountability, guess he is trying to avoid jail time. I think proof shows that customers' funds were improperly used. Let us expect that he will be very cautious on what he will say as this will indict him on the spot. Definitely, he talked to his lawyers before this interview and coached him the extent of what to say in public. So I think, there has reservations from his side, to divulge only few things to the public. Don't expect that he will be too honest of what he will say as of course, he needs to protect himself from self-incrimination. Title: Re: SBF-Denies Improper use of Customer Funds in a 1 on 1 Interview Post by: Silberman on December 04, 2022, 08:48:16 PM As the CEO, this happened on his watch- where is the responsibility and accountability, guess he is trying to avoid jail time. I think proof shows that customers' funds were improperly used. Let us expect that he will be very cautious on what he will say as this will indict him on the spot. Definitely, he talked to his lawyers before this interview and coached him the extent of what to say in public. So I think, there has reservations from his side, to divulge only few things to the public. Don't expect that he will be too honest of what he will say as of course, he needs to protect himself from self-incrimination. Title: Re: SBF-Denies Improper use of Customer Funds in a 1 on 1 Interview Post by: Lucius on December 05, 2022, 10:14:14 AM @gantez, I would like him to receive a very long prison sentence as an example to all others who decide to deal with serious matters in such a frivolous way. But considering his social status, and the status of his parents, and the fact that he donated a lot of money for political purposes, even if he were to be convicted, the president can pardon him at any time. Such an outcome would not surprise me at all.
I'm more inclined to believe that this is the case here. I really doubt he's that incapable as he appears in the interview. Maybe his lawyers told him to act dumb or confused so they could use that during the trial. It's like how they would use a defendant's "insanity" to get a not guilty verdict or a reduced punishment. I can't say if he's acting well, or if he's just the way he is because I don't know him personally - although various strange stories are circulating about him and his team living a very unusual life, to say the least, in their villa in the Bahamas. It all really looks like a bunch of incompetent and greedy kids who enjoyed themselves while it lasted, and now they're going to pay expensive lawyers to get them out of trouble. Title: Re: SBF-Denies Improper use of Customer Funds in a 1 on 1 Interview Post by: Pejoh Asu on December 05, 2022, 10:57:40 AM As the CEO, this happened on his watch- where is the responsibility and accountability, guess he is trying to avoid jail time. I think proof shows that customers' funds were improperly used. Real proof is the purchase of luxury property used for FTX employees, according to the total property report purchased by FTX is hundreds of millions of dollars, besides that he also has a wealth of more than $ 30 billion and according to a report of around $ 10 billion in a bank account and all assets should be confiscated . Title: Re: SBF-Denies Improper use of Customer Funds in a 1 on 1 Interview Post by: dezoel on December 05, 2022, 11:19:02 AM The fact that he is still outside the prison bars speaks volumes about his status, currently untouchable... We have a lots of witnesses here, the whole word actually. I know he donated some money to some governments before but that shouldn't be an excuse for this guy to get away with his crime's. There is what we called a law and that must be followed no matter what. Title: Re: SBF-Denies Improper use of Customer Funds in a 1 on 1 Interview Post by: Silberman on December 07, 2022, 09:59:39 PM The fact that he is still outside the prison bars speaks volumes about his status, currently untouchable... We have a lots of witnesses here, the whole word actually. I know he donated some money to some governments before but that shouldn't be an excuse for this guy to get away with his crime's. There is what we called a law and that must be followed no matter what. Title: Re: SBF-Denies Improper use of Customer Funds in a 1 on 1 Interview Post by: Sir Legend on December 08, 2022, 02:06:15 AM ....or maybe someone just wanted him to look like a victim of some other people within his company who abused their powers. I'm more inclined to believe that this is the case here. I really doubt he's that incapable as he appears in the interview. Maybe his lawyers told him to act dumb or confused so they could use that during the trial. It's like how they would use a defendant's "insanity" to get a not guilty verdict or a reduced punishment.If he looks stupid the prosecutor should be smarter, namely by looking at the facts of the flow of transactions, surely the transaction will end up with a balance that looks large so that it can be used as an excuse that it belongs to SBF, if he still denies it means he is indeed a fraud who knows no shame. Title: Re: SBF-Denies Improper use of Customer Funds in a 1 on 1 Interview Post by: adaseb on December 08, 2022, 05:03:33 AM I stopped watching or listening to any of his interviews. He basically doesn’t say anything concrete. Keeps apologizing saying he didn’t know. Doing what he can to make everyone whole.
Saying stuff like 8 minutes after signing chapter 11 he raised like $5B but can’t say who those investors were. It’s getting to the point where he is just saying lies after lies and why even watch any of his interviews. Title: Re: SBF-Denies Improper use of Customer Funds in a 1 on 1 Interview Post by: Kadal Ijo on December 08, 2022, 05:45:38 AM The way to be safe and free from obligations to investors is to pretend to pretend to be stupid, even he feels also loss from the bankruptcy of FTX, this type of human can only harm others, whatever he says we will never believe, with this case we must Beware and don't store assets in Exchanges with a large value.
Title: Re: SBF-Denies Improper use of Customer Funds in a 1 on 1 Interview Post by: Crypto Legend on December 08, 2022, 07:03:36 AM I stopped watching or listening to any of his interviews. He basically doesn’t say anything concrete. Keeps apologizing saying he didn’t know. Doing what he can to make everyone whole. Saying stuff like 8 minutes after signing chapter 11 he raised like $5B but can’t say who those investors were. It’s getting to the point where he is just saying lies after lies and why even watch any of his interviews. It's better to leave it and never listen to whatever he says, he will look for many reasons to cover FTX to be free from the burden of returning investor money, we can't expect much from FTX, it's better to forget and think about other things, for example Review Exchanges Which one has the potential to become the Next FTX. Title: Re: SBF-Denies Improper use of Customer Funds in a 1 on 1 Interview Post by: Majestic-milf on December 09, 2022, 05:52:40 AM I won't put it past him to act innocent and deny accusations of using customer funds because as long as there has not been evidence to nail him of how he misappropriated people's hard earned money, he's free to say whatever shit he wants to. I mean, he's still got his freedom of speech huh?
I wonder how the justice system operates in the US tho. In 2008, Bernie Madoff was arrested with criminal charges for running one of the biggest Ponzi schemes that resulted in the loss of tens of billions of dollars in investor funds, and I think this is similar scenario. Is there something the US prosecutors are not telling us?? Title: Re: SBF-Denies Improper use of Customer Funds in a 1 on 1 Interview Post by: mindrust on December 09, 2022, 06:18:26 AM I stopped watching or listening to any of his interviews. He basically doesn’t say anything concrete. Keeps apologizing saying he didn’t know. Doing what he can to make everyone whole. Saying stuff like 8 minutes after signing chapter 11 he raised like $5B but can’t say who those investors were. It’s getting to the point where he is just saying lies after lies and why even watch any of his interviews. He said he didn't know what happened! Just leave him fucking alone. :( Apparently nobody has the balls to throw this little shit into prison so why waste time with interviewing him? He is not going to say "Yes I scammed lots of people and I don't give a fuck about it." no matter how hard you try. He only apologizes and for what exactly? If he didn't know what happened and he is innocent, wtf is he apologizing for? I haven't lost a single dime on this crap exchange (it is because the moment I heard about it I already knew it was a scam) but I am still mad as fuck when I see people like him. Title: Re: SBF-Denies Improper use of Customer Funds in a 1 on 1 Interview Post by: Bitcoin1216 on December 09, 2022, 07:09:08 AM The easy thing to do is when fraud is revealed is to claim to be a victim and cannot fulfill the service, he has no good intentions to return the consumer money, all the assets he have must have been stored or diverted so that when he submits bankruptcy, there is no asset that can be confiscated and consumers will lose money.
Title: Re: SBF-Denies Improper use of Customer Funds in a 1 on 1 Interview Post by: gunhell16 on December 09, 2022, 07:24:03 AM To tell you honestly, it's boring to talk about SBF, it doesn't help crypto enthusiasts, Yes there we are, maybe we should learn to be more careful, and don't just trust to allocate a large amount of money in a crypto here in this industry.
To be honest, I don't even know if what I read is true or until we see it investigated, as long as we see this fat-faced SBF wandering around, it will surely commit another big fraud in this industry in another person and another company name. https://i.ibb.co/85fzMps/Sem.png (https://ibb.co/G28s7Lp) Title: Re: SBF-Denies Improper use of Customer Funds in a 1 on 1 Interview Post by: LogitechMouse on December 09, 2022, 07:27:48 AM I stopped watching or listening to any of his interviews. He basically doesn’t say anything concrete. Keeps apologizing saying he didn’t know. Doing what he can to make everyone whole. He's full of "Ummmm's and Ahhhhh's". Now he's Mr. Ummmmmm's and Mr. Ahhhhh's now aside from him being called Scam Bankrupt-Fraud.Saying stuff like 8 minutes after signing chapter 11 he raised like $5B but can’t say who those investors were. It’s getting to the point where he is just saying lies after lies and why even watch any of his interviews. Isn't it a proof that he is trying to dodge something? Isn't it a proof that he is trying to hide something from the public. He's trying to choose the words that he is saying and there is a time where he can't answer a question immediately and it took 3-5 or even longer for him to at least dodge it and not answering it :D. TBH, after watching how Coffezilla got him on his final interview, I might stop any Youtube videos regarding to SBF and the only time that I will watch is when he will be arrested and going to jail (if it will happen). Title: Re: SBF-Denies Improper use of Customer Funds in a 1 on 1 Interview Post by: erep on December 09, 2022, 08:53:41 AM He's full of "Ummmm's and Ahhhhh's". Now he's Mr. Ummmmmm's and Mr. Ahhhhh's now aside from him being called Scam Bankrupt-Fraud. Anyone could judge that posture and the words he answered seemed he did not expect the question, he seemed nervous that he had not prepared an answer about it. So it wasn't forever that he managed to cover up the FTX fraud case with the media and it was proven during the live broadcast that he doubted his own answer, indicating that something was hidden.Isn't it a proof that he is trying to dodge something? Isn't it a proof that he is trying to hide something from the public. He's trying to choose the words that he is saying and there is a time where he can't answer a question immediately and it took 3-5 or even longer for him to at least dodge it and not answering it :D. Quote TBH, after watching how Coffezilla got him on his final interview, I might stop any Youtube videos regarding to SBF and the only time that I will watch is when he will be arrested and going to jail (if it will happen). The only thing awaited is to prove the details of the true case and see him being escorted to the hospital chair to give an honest statement. However, the media coverage did not meet expectations and the case seemed to have not been handled by the prosecutor's office.Title: Re: SBF-Denies Improper use of Customer Funds in a 1 on 1 Interview Post by: Lubang Bawah on December 09, 2022, 11:06:40 AM The fact that he is still outside the prison bars speaks volumes about his status, currently untouchable... He will still be free to go about because the court yet to bring up his case to find him guilty. So for this time he can still be around everywhere but not because he is untouchable. Due process to find him guilty will be follow and if he is guilty he will go to jail, He is not untouchable (https://www.google.com/amp/s/forkast.news/sam-bankman-fried-could-face-decades-in-jail-if-convicted-of-law-violations-in-ftx-collapse-lawyers-say/amp/) https://i.imgur.com/STYEFYa.png The news that some companies are ready to collect the money needed, which is around $ 3 billion, it seems to have failed, if the company is serious, of course he will boast that FTX will recover, moreover the bankruptcy process they registered has received confirmation from the court and it seems that investors have to cry because of losing money at FTX. Title: Re: SBF-Denies Improper use of Customer Funds in a 1 on 1 Interview Post by: Cookdata on December 09, 2022, 02:42:07 PM If you lie for a living, you will have the chance to speak the truth but eventually when you do, people will find it hard to differentiate between the light and the darkness between your lips. SBF is a con artist and cancer to everyone in this space, from most of his interviews, he is guilty and definitely use customers money to fund Alamedas position which violates their own policies and conditions and that’s a crime that governments shouldn’t take lightly.
This days, with what has been happening in crypto space, I have come to understand that the traditional media is so centralized even the case of SBF, had it been this was done by another citizen from another country, he would be in jail by now but the same customers fund he was supposed to protect has been used to lobby same government. Justice may be delay for customers but they will have it as long as SBF keep breathing. Title: Re: SBF-Denies Improper use of Customer Funds in a 1 on 1 Interview Post by: tygeade on December 09, 2022, 07:04:22 PM If you lie for a living, you will have the chance to speak the truth but eventually when you do, people will find it hard to differentiate between the light and the darkness between your lips. SBF is a con artist and cancer to everyone in this space, from most of his interviews, he is guilty and definitely use customers money to fund Alamedas position which violates their own policies and conditions and that’s a crime that governments shouldn’t take lightly. The boy who cried wolf basically. You could fool people too many times, and eventually they will wise up and when you tell the truth, they will not believe you because you lied to them so many times before.This days, with what has been happening in crypto space, I have come to understand that the traditional media is so centralized even the case of SBF, had it been this was done by another citizen from another country, he would be in jail by now but the same customers fund he was supposed to protect has been used to lobby same government. Justice may be delay for customers but they will have it as long as SBF keep breathing. I know this story all too well from my youth times, it was a story to teach young kids not to lie, and the point is not to lie ever at all, there could be life situations in your life where you are force to lie, not for a bad reason, but to save yourself from danger, for example when you are stood up by thieves or something. However, if you are a lying person in general, if lying is all you do, then you will be having a terrible time because of it and nobody will want to help you. Title: Re: SBF-Denies Improper use of Customer Funds in a 1 on 1 Interview Post by: Silberman on December 10, 2022, 07:05:26 PM If you lie for a living, you will have the chance to speak the truth but eventually when you do, people will find it hard to differentiate between the light and the darkness between your lips. SBF is a con artist and cancer to everyone in this space, from most of his interviews, he is guilty and definitely use customers money to fund Alamedas position which violates their own policies and conditions and that’s a crime that governments shouldn’t take lightly. And this is what people in this market are fearing, under normal circumstances he should face a very long time in jail, however he has so many contacts among powerful figures and he has given them so much money away that there is a real possibility he can get away with his crimes or at least get a sentence which is way shorter than what he deserves, and if that were to happen this will send a very strong message to all the scammers we have in this market, and that is they can scam as much as they want and they can still get away with it.This days, with what has been happening in crypto space, I have come to understand that the traditional media is so centralized even the case of SBF, had it been this was done by another citizen from another country, he would be in jail by now but the same customers fund he was supposed to protect has been used to lobby same government. Justice may be delay for customers but they will have it as long as SBF keep breathing. Title: Re: SBF-Denies Improper use of Customer Funds in a 1 on 1 Interview Post by: serjent05 on December 10, 2022, 08:37:27 PM If you lie for a living, you will have the chance to speak the truth but eventually when you do, people will find it hard to differentiate between the light and the darkness between your lips. SBF is a con artist and cancer to everyone in this space, from most of his interviews, he is guilty and definitely use customers money to fund Alamedas position which violates their own policies and conditions and that’s a crime that governments shouldn’t take lightly. And this is what people in this market are fearing, under normal circumstances he should face a very long time in jail, however he has so many contacts among powerful figures and he has given them so much money away that there is a real possibility he can get away with his crimes or at least get a sentence which is way shorter than what he deserves, and if that were to happen this will send a very strong message to all the scammers we have in this market, and that is they can scam as much as they want and they can still get away with it.This days, with what has been happening in crypto space, I have come to understand that the traditional media is so centralized even the case of SBF, had it been this was done by another citizen from another country, he would be in jail by now but the same customers fund he was supposed to protect has been used to lobby same government. Justice may be delay for customers but they will have it as long as SBF keep breathing. The worst thing is, in support of the denial of SBF about the improper use of customer funds Kevin O’Leary wanted to emphasize that Binance has something to do with the collapse of FTX because they forced FTX to buy Binance shares which is refuted by CZ and explained that Binance exits FTX more than a year and a half ago on July 2021[1]. Btw Kevin O'Leary is hired as a spokesperson paying O'Leary 15m for the task. Anyway, no matter how SBF and his employee denied the issue of fraud, He was caught on the Coffeezilla's third interview[2] admitting that they are is comingling FTX funds with Alameda. [1] https://youtu.be/dNoui0NIWmU?t=143 [2] https://bitcointalk.org/index.php?topic=5427474.0 Title: Re: SBF-Denies Improper use of Customer Funds in a 1 on 1 Interview Post by: dothebeats on December 10, 2022, 09:14:07 PM The man needs to go to a trial and be jailed for whatever they did wrong that made their platform crumble. I do not buy it when he says he know nothing about it. He's the CEO, how would he not have access to such information at all when most of the executive decisions needs to go through him or he needs to know them before it gets approved? There will come a time when his lies will caught up to him and there's no other choice for him but to tell the truth. This interview speaks volumes about the guy's nature. Doesn't feel like he's confident answering those questions at all.
Title: Re: SBF-Denies Improper use of Customer Funds in a 1 on 1 Interview Post by: Bitstar_coin on December 11, 2022, 01:25:55 PM He needs a haircut to have a refreshing memory because it seems he is not able to recall what happened to people's funds.
They should take him to a lie detector let's see if that will juggle his memory back ;D. I don't appreciate when people trying to shy away from their responsibility, as a CEO of a billion dollar company, I doubt any important decision will be made without your approval or knowledge. If not, then what exactly are you doing in the company when important decisions are not run by you! :-\ It seems s the authorities are not using the proper tools to generate the truth, he his being pampered for recklessness. Title: Re: SBF-Denies Improper use of Customer Funds in a 1 on 1 Interview Post by: franky1 on December 11, 2022, 02:29:00 PM He needs a haircut to have a refreshing memory because it seems he is not able to recall what happened to people's funds. They should take him to a lie detector let's see if that will juggle his memory back ;D. lie detectors are not evidence. they are just a psychological trick to get people to admit to things. SBF is playing dumb to avoid admitting to crimes. its not the case of actually not knowing. its instead being creative about what to admit/say to atleast make it worth being interviewed for his multiple cash-paid speaking tours he is doing, to cover the costs of paying his lawyers after all a good lawyer would not advise anyone to go on a interview-tour, unless its the noly way the lawyer is going to get paid now SBF's personal accounts are frozen Title: Re: SBF-Denies Improper use of Customer Funds in a 1 on 1 Interview Post by: BitcoinPanther on December 11, 2022, 11:06:26 PM He needs a haircut to have a refreshing memory because it seems he is not able to recall what happened to people's funds. They should take him to a lie detector let's see if that will juggle his memory back ;D. lie detectors are not evidence. they are just a psychological trick to get people to admit to things. Yeah, i never believe in this machine. Someone who is good in lying can bypass this one. Nothing beats a valid proof and honest witness in confirming the crime of the perpetrator. SBF is playing dumb to avoid admitting to crimes. its not the case of actually not knowing. its instead being creative about what to admit/say to atleast make it worth being interviewed for his multiple cash-paid speaking tours he is doing, to cover the costs of paying his lawyers He is well versed with it, he has parents who knows every corner of justice system so he can be briefed on what to do when asked question. As long as SBF don't admit the crime directly, they can find holes and gaps to save SBF from getting to jail. after all a good lawyer would not advise anyone to go on a interview-tour, unless its the noly way the lawyer is going to get paid now SBF's personal accounts are frozen Precisely! Now it is interesting to know the result of the upcoming FTX collapse house hearing. I wonder what would be the statement of SBF this time. Title: Re: SBF-Denies Improper use of Customer Funds in a 1 on 1 Interview Post by: Joshapat on December 12, 2022, 09:16:53 AM When FTX is known to manipulate before declaring bankruptcy, many employees including SBF say that FTX is good and not problematic, even SBF employees also convinced the public that FTX is not a problem, and after investors want to take their money it turns out that transactions are blocked because they do not have fund.
Title: Re: SBF-Denies Improper use of Customer Funds in a 1 on 1 Interview Post by: Thomas Kralow on December 13, 2022, 01:40:35 AM https://i.imgur.com/QeRykYV.png ABC News anchor George Stephanopoulos (https://en.wikipedia.org/wiki/George_Stephanopoulos) had a 1 on 1 interview with Sam Bankman-Fried. In this 10+ minute long video, the anchor asks SBF if he new about the FTX deposit are being used to pay off Alameda creditors. It took a while for SBF to answer and deny that he knew about the improper use of customer fund. Here is the original video from ABC news : https://abcnews.go.com/GMA/News/video/ftx-founder-sam-bankman-fried-denies-improper-customer-94268098 Here is the Time Stamped Commentary video[1] done by The Altcoin Daily (https://www.youtube.com/@AltcoinDaily) channel Timestamps:[1] 0:00 (https://www.youtube.com/watch?v=tR-3h-gagjs&t=0s) - Did SBF know about the stolen FTX user funds? 1:49 (https://www.youtube.com/watch?v=tR-3h-gagjs&t=109s) - SBF on FTX's collapse: "I wasn't even trying." 2:27 (https://www.youtube.com/watch?v=tR-3h-gagjs&t=147s) - SBF pretending to be ignorant? 3:17 (https://www.youtube.com/watch?v=tR-3h-gagjs&t=197s) - Bernie Madoff/Ponzi level fraud? 4:11 (https://www.youtube.com/watch?v=tR-3h-gagjs&t=251s) - Did SBF know user funds were being stolen? 4:44 (https://www.youtube.com/watch?v=tR-3h-gagjs&t=284s) - It takes SBF 5+ minutes to answer. 9:38 (https://www.youtube.com/watch?v=tR-3h-gagjs&t=578s) - DO NOT BE FOOLED! (SBF is dumb like a fox) 10:15 (https://www.youtube.com/watch?v=tR-3h-gagjs&t=615s) - SBF on losing his entire personal net worth 11:08 (https://www.youtube.com/watch?v=tR-3h-gagjs&t=668s) - Do you believe him? sbf was arrested by the government of the Bahamas, just saw the news on twitter. The mall is the same as it was on the battlefield. I don't want to judge the conspiracy here. I just want to say that all the time is completely in the original intention of the project party. Some people didn't want to do evil at first, but with the surge of funds and the infiltration of various forces, the original intention changed. That's all. In this interview it is obvious that SBF is hiding the truth. Another note taking is that he admit that he did not take his position seriously that leads to FTX bankruptcy. [1] https://www.youtube.com/watch?v=tR-3h-gagjs Title: Re: SBF-Denies Improper use of Customer Funds in a 1 on 1 Interview Post by: South Park on December 13, 2022, 06:56:38 PM When FTX is known to manipulate before declaring bankruptcy, many employees including SBF say that FTX is good and not problematic, even SBF employees also convinced the public that FTX is not a problem, and after investors want to take their money it turns out that transactions are blocked because they do not have fund. This is no different than what we have seen all our lives with banks, everyone knows they are bankrupt but the bank is going to deny this until it actually happens as they believe they can keep on deceiving their customers, the interesting thing about this is that we were supposed to leave this behind with decentralization, but it seems a great deal of people are not ready for it and keep accepting centralized institutions in a market which was created with the intention of not using them at all.Title: Re: SBF-Denies Improper use of Customer Funds in a 1 on 1 Interview Post by: carlfebz2 on December 13, 2022, 11:47:31 PM When FTX is known to manipulate before declaring bankruptcy, many employees including SBF say that FTX is good and not problematic, even SBF employees also convinced the public that FTX is not a problem, and after investors want to take their money it turns out that transactions are blocked because they do not have fund. This is no different than what we have seen all our lives with banks, everyone knows they are bankrupt but the bank is going to deny this until it actually happens as they believe they can keep on deceiving their customers, the interesting thing about this is that we were supposed to leave this behind with decentralization, but it seems a great deal of people are not ready for it and keep accepting centralized institutions in a market which was created with the intention of not using them at all.Hate it or not then it would really be the reality.On the time on the said platform gained up much interest and popularity and then this is where its owner/CEO would really be tested out whether he would make himself that greedy son-of-a-b*tch and would plan to ran out their users money or would tend to continue to the business and SBF did choose the other path. He can deny all he want but the public does already know the obvious truth. Title: Re: SBF-Denies Improper use of Customer Funds in a 1 on 1 Interview Post by: harapan on December 14, 2022, 01:50:09 AM What more can he do but lie to buy time? This must have been a strategy from the lawyers he brought in for his case
How can he not know about the loss of money from the exchange after they deliberately paused withdrawal's and seized investors money. He should erase anything in his mind that makes him feel like he'll be granted bail as fast as possible after all the hurting news. The judge would be extremely punishment in my idea if he eventually does anything like that. The lawyer he brought I learnt was a very experienced legal practitioner who from experience can be able to handle bad cases, but this one seem impossible. Title: Re: SBF-Denies Improper use of Customer Funds in a 1 on 1 Interview Post by: Lubang Bawah on December 15, 2022, 04:51:54 AM As a Cryptocurrencies consumer who lacks power, it is certainly very difficult to be able to expect a lot from FTX cases, some bankrupt Exchanges previously promised refund with the steps they specified, but it was only theory and could never succeed when refunded. Moreover, FTX looks always avoiding every time asked about investor money.
Title: Re: SBF-Denies Improper use of Customer Funds in a 1 on 1 Interview Post by: Mr. Magkaisa on December 15, 2022, 05:12:35 AM - In this interview, it is obvious to the majority that he is washing his hands here, that is the truth in the perception of the majority of this event.
But now he is in the custody of the authorities after he was arrested by the police, and as far as I know, the prison he is in so far is one of the worst prisons in the world, in short, there are many prisoners, and the facilities are not good, and they didn't grant the request to transfer him to the custody they want for SBF, Karma is really real. Title: Re: SBF-Denies Improper use of Customer Funds in a 1 on 1 Interview Post by: South Park on December 20, 2022, 06:53:49 PM - In this interview, it is obvious to the majority that he is washing his hands here, that is the truth in the perception of the majority of this event. There is a very real risk that SBF may attempt to kill himself, for someone like him that was so proud about his achievements and about the material gain that he has gained by deceiving his investors it is going to be almost impossible to accept the incredibly difficult conditions he will find at prison, and as such it is possible he will take the easy way out, and as much as I do not like him I would not want for that to happen as there are many investors that need answers about what happened.But now he is in the custody of the authorities after he was arrested by the police, and as far as I know, the prison he is in so far is one of the worst prisons in the world, in short, there are many prisoners, and the facilities are not good, and they didn't grant the request to transfer him to the custody they want for SBF, Karma is really real. Title: Re: SBF-Denies Improper use of Customer Funds in a 1 on 1 Interview Post by: Lucius on December 21, 2022, 03:32:14 PM There is a very real risk that SBF may attempt to kill himself, for someone like him that was so proud about his achievements and about the material gain that he has gained by deceiving his investors it is going to be almost impossible to accept the incredibly difficult conditions he will find at prison, and as such it is possible he will take the easy way out, and as much as I do not like him I would not want for that to happen as there are many investors that need answers about what happened. I already answered a similar question somewhere, but honestly, no matter how cruel it sounds, why should we care if he does it? Maybe you should ask yourself how many people have already committed suicide and how many will commit suicide in the future because of Bankman? If you've read any serious article about what happened, you have most of the answers, you don't need Bankman to admit that he's an idiot who instead of running a company was conducting some kind of social experiments in his villa in the Bahamas. All those involved should be sentenced to long prison sentences, and if any of them wants to pronounce a death sentence on themselves, that is between them and God. Title: Re: SBF-Denies Improper use of Customer Funds in a 1 on 1 Interview Post by: pixie85 on December 21, 2022, 04:20:52 PM There is a very real risk that SBF may attempt to kill himself, for someone like him that was so proud about his achievements and about the material gain that he has gained by deceiving his investors it is going to be almost impossible to accept the incredibly difficult conditions he will find at prison, and as such it is possible he will take the easy way out, and as much as I do not like him I would not want for that to happen as there are many investors that need answers about what happened. He won't do it. He'll want to wait for the verdict first and this will take at least a year. Then, if he gets 30 years or more, there's a chance he'll do it. For a young guy, getting out at his 60s or 70s is like a death sentence, especially that he's a weak looking guy. If he got into a prison camp he might survive, but in a normal federal prison he won't make it with all those street thugs around. He'll end up as someone's girlfriend. Should we care about him? It wasn't a mistake that he made. It was years of stealing before he got caught. He knew what he was doing. I'd be more willing to release Ross than SBF and Ross is in for life. Title: Re: SBF-Denies Improper use of Customer Funds in a 1 on 1 Interview Post by: mv1986 on November 03, 2023, 04:59:59 AM There is a very real risk that SBF may attempt to kill himself, for someone like him that was so proud about his achievements and about the material gain that he has gained by deceiving his investors it is going to be almost impossible to accept the incredibly difficult conditions he will find at prison, and as such it is possible he will take the easy way out, and as much as I do not like him I would not want for that to happen as there are many investors that need answers about what happened. He won't do it. He'll want to wait for the verdict first and this will take at least a year. Then, if he gets 30 years or more, there's a chance he'll do it. For a young guy, getting out at his 60s or 70s is like a death sentence, especially that he's a weak looking guy. If he got into a prison camp he might survive, but in a normal federal prison he won't make it with all those street thugs around. He'll end up as someone's girlfriend. Should we care about him? It wasn't a mistake that he made. It was years of stealing before he got caught. He knew what he was doing. I'd be more willing to release Ross than SBF and Ross is in for life. Since this is now experiencing actuality, your guess that this may take about a year until SBF knows what's going to happen with him, here we go! "Sam Bankman-Fried found guilty in FTX crypto fraud case (https://www.youtube.com/watch?v=cdrZncICdLs)" He has been found guilty on all seven counts, the maximum sentence here is 105-110 years, but they assume he will get a little less than that, but will be in prison for a very long time, especially because he messed up his defense and his testimony so hard that the jury didn't take very long to come to the conclusion that this is blatant fraud and not to the slightest extent a little stupid guy who accidentally slipped into something he couldn't handle. Deleting messages, manipulating balance sheets, shifting assets to his parents without consent of the company (except for him as the boss), the list is very long. And to come back to OP's title: my lord, yes there was improper use of customer funds! ;) They also said that his PR tour giving interviews on like 50 occasions after FTX crashed also broke him the beck. The prosecutors slapped his own words right into his face from the beginning till the end. Classic case of remaining silent is golden. But they have also said that this was so obvious that no defense strategy would have saved him, but it might have saved him a few years of his life outside prison. A young guy becoming a billionaire under 30 within months, and crashing within days ending up in prison essentially for lifetime. Impressive... This guy could have had it all. Title: Re: SBF-Denies Improper use of Customer Funds in a 1 on 1 Interview Post by: Sithara007 on November 03, 2023, 05:41:46 AM He won't do it. He'll want to wait for the verdict first and this will take at least a year. Then, if he gets 30 years or more, there's a chance he'll do it. For a young guy, getting out at his 60s or 70s is like a death sentence, especially that he's a weak looking guy. If he got into a prison camp he might survive, but in a normal federal prison he won't make it with all those street thugs around. He'll end up as someone's girlfriend. Should we care about him? It wasn't a mistake that he made. It was years of stealing before he got caught. He knew what he was doing. I'd be more willing to release Ross than SBF and Ross is in for life. LOL.. do you really think that this guy will spend more than a few weeks behind bars? He made hundreds of millions of USD worth of donations to various political causes (the vast majority of which went to the Democrat Party), and his parents are very rich and influential. He may get sentenced to a lengthy jail term, but I don't think that he will serve more than 1% of that time in a proper prison. Ross Ulbricht's case was different. He was from the other extreme of the political prism and he went against the system. You can't compare Sam Bankman Fraud to Ross Ulbricht. Title: Re: SBF-Denies Improper use of Customer Funds in a 1 on 1 Interview Post by: Minecache on November 03, 2023, 01:06:49 PM He won't do it. He'll want to wait for the verdict first and this will take at least a year. Then, if he gets 30 years or more, there's a chance he'll do it. For a young guy, getting out at his 60s or 70s is like a death sentence, especially that he's a weak looking guy. If he got into a prison camp he might survive, but in a normal federal prison he won't make it with all those street thugs around. He'll end up as someone's girlfriend. Should we care about him? It wasn't a mistake that he made. It was years of stealing before he got caught. He knew what he was doing. I'd be more willing to release Ross than SBF and Ross is in for life. LOL.. do you really think that this guy will spend more than a few weeks behind bars? He made hundreds of millions of USD worth of donations to various political causes (the vast majority of which went to the Democrat Party), and his parents are very rich and influential. He may get sentenced to a lengthy jail term, but I don't think that he will serve more than 1% of that time in a proper prison. Ross Ulbricht's case was different. He was from the other extreme of the political prism and he went against the system. You can't compare Sam Bankman Fraud to Ross Ulbricht. Have you been following SBF's trial recently? According to an article I read recently, the trial is over and he has been convicted of 7 different crimes. What's even more interesting is that he could be sentenced to up to 115 years in prison and everything is almost certain and is no longer a rumor. His lawyer couldn't get him out of even a single charge, let alone get him out of jail. I think his connections and contributions to politics were useless because it couldn't save him from those counts. https://www.cnbc.com/2023/11/02/sam-bankman-fried-found-guilty-on-all-seven-criminal-fraud-counts.html Title: Re: SBF-Denies Improper use of Customer Funds in a 1 on 1 Interview Post by: Antotena on November 03, 2023, 11:17:58 PM LOL.. do you really think that this guy will spend more than a few weeks behind bars? He made hundreds of millions of USD worth of donations to various political causes (the vast majority of which went to the Democrat Party), and his parents are very rich and influential. He may get sentenced to a lengthy jail term, but I don't think that he will serve more than 1% of that time in a proper prison. Ross Ulbricht's case was different. He was from the other extreme of the political prism and he went against the system. You can't compare Sam Bankman Fraud to Ross Ulbricht. The law doesn't give a room for sentiments, that's one thing I understand about law. If you are guilty of something, he ready to do the jail. SBF case is just a United state case, it's a global case that the world is watching, and the world is watching, even high political drivers don't put mouth in some cases because they don't want to be label judiciary manipulators. SBF is guilty of many count charges and they will review that next year and sentence him to jail, he wasted a lot of dreams of people, wasted billions of dollars into ponzi scheme and you still think man is going to walk the way he likes? If R Kelly is really influencing and politically inclined US and still in jail, SBF is going to do his time. If they don't jail him, they may fear what another person will try next time because they will feel American judiciary system is not working. Title: Re: SBF-Denies Improper use of Customer Funds in a 1 on 1 Interview Post by: justdimin on November 04, 2023, 06:56:36 AM He won't do it. He'll want to wait for the verdict first and this will take at least a year. Then, if he gets 30 years or more, there's a chance he'll do it. LOL.. do you really think that this guy will spend more than a few weeks behind bars? He made hundreds of millions of USD worth of donations to various political causes (the vast majority of which went to the Democrat Party), and his parents are very rich and influential. He may get sentenced to a lengthy jail term, but I don't think that he will serve more than 1% of that time in a proper prison. Ross Ulbricht's case was different. He was from the other extreme of the political prism and he went against the system. You can't compare Sam Bankman Fraud to Ross Ulbricht. For a young guy, getting out at his 60s or 70s is like a death sentence, especially that he's a weak looking guy. If he got into a prison camp he might survive, but in a normal federal prison he won't make it with all those street thugs around. He'll end up as someone's girlfriend. Should we care about him? It wasn't a mistake that he made. It was years of stealing before he got caught. He knew what he was doing. I'd be more willing to release Ross than SBF and Ross is in for life. Maybe the court will be happy for him and lessen his sentence if he can do a full refund to those who lost their money with the help of his parents. Didn't knew Ross Ulbritch so I did a quick search and found out that he is the founder of Silkroad. But like you, I also think that his case is more brutal than what SBF did. Title: Re: SBF-Denies Improper use of Customer Funds in a 1 on 1 Interview Post by: mich on December 30, 2023, 07:25:02 AM Well now the prosecutors did say they will will not pursue a second trial for SBF. They said the evidence they would use has already been use done the first trial and their enough evidence against him already.
The second trial would have added more charges against him. They would have been conspiracy to bribe foreign officials, conspiracy to commit bank fraud, conspiracy to operate an unlicensed money transmitting business, and substantive securities fraud and commodities fraud. https://nypost.com/2023/12/29/business/sbf-wont-face-a-second-trial-after-fraud-conviction-prosecutors/ Title: Re: SBF-Denies Improper use of Customer Funds in a 1 on 1 Interview Post by: AmoreJaz on December 30, 2023, 08:08:07 PM Well now the prosecutors did say they will will not pursue a second trial for SBF. They said the evidence they would use has already been use done the first trial and their enough evidence against him already. The second trial would have added more charges against him. They would have been conspiracy to bribe foreign officials, conspiracy to commit bank fraud, conspiracy to operate an unlicensed money transmitting business, and substantive securities fraud and commodities fraud. https://nypost.com/2023/12/29/business/sbf-wont-face-a-second-trial-after-fraud-conviction-prosecutors/ at least this one is quite obvious in my opinion. SBF should really answer for his negligence in this business. a lot of of investors have lost their funds. even if he denied all his wrongdoings, but the hard evidences can prove it otherwise. thus, there's no need for the second trial because enough evidences have been already submitted to the Court. now, we will see what kind of sentence or prison time he will receive from Judge Kaplan. it is said to be that he will possibly receive more than 100 years of prison time. but let us see the actuality here. how many years they will give to SBF for all the criminal charges he is facing with. With that said crime he did, do you really think it isn't possible? In fact this article here (https://www.reuters.com/legal/ftx-founder-sam-bankman-fried-thought-rules-did-not-apply-him-prosecutor-says-2023-11-02/#:~:text=Bankman%2DFried%20has%20been%20jailed,he%20likely%20tampered%20with%20witnesses.&text=Reports%20on%20the%20New%20York,correspondent%20in%20Venezuela%20and%20Argentina.) states that Sam Bankman Fried was still in jail since August and his bail was revoked. So it seems what he did there is really serious for it to not get bailed. Didn't knew that he had a rich and influencial parents but too bad for him that they can't do anything either. Maybe the court will be happy for him and lessen his sentence if he can do a full refund to those who lost their money with the help of his parents. Didn't knew Ross Ulbritch so I did a quick search and found out that he is the founder of Silkroad. But like you, I also think that his case is more brutal than what SBF did. in SBF's case, even if he has rich and influential parents, he didn't have a free pass on these criminal charges because those were already too much to defend. a lot of people have been duped and lost. how many lives he ruined because of their failed investments? so for me, he did deserve to receive the max sentencing on this case. Title: Re: SBF-Denies Improper use of Customer Funds in a 1 on 1 Interview Post by: Casdinyard on December 30, 2023, 11:12:46 PM What he may say has the same credibility as that of some of the scum that swarm the forum and some of those in cahoots with him: in other words, none. Doesn't take a rocket scientist to tell that he's lying, and to figure out why he was lying in the first place. He's already in hot water following the collapse of FTX and the crimes that he is being punished for, best to do right now is to not admit to the allegations and further fuel the hate he's getting. Although I don't really see why the rape analogy fits this cause in the interview it's not like he's blaming other people too for it, let alone blame the customers for being so stupid to trust him with the money. Plus that's just poor taste man. Anywho, your hopes are about to come true cause one by one court proceedings lean towards him receiving decades of jail time for misusing the people's funds and manipulating the government into being lenient with his bullshit (the fact that he funds politicians so they would favor him in the future or whatever). Even his girlfriend wants nothing to do with him now lol the bitch is literally avoiding everyone involved in the FTX case as if she didn't get anything from his business. I already commented it some time ago in another thread: I remember seeing in an interview a psychiatrist saying that very rarely people who commit crimes admit they have done something wrong. In other words, the one who rapes a 9 year old girl justifies it by saying that she "provoked him", and things like that. That's why I'm not surprised that now this asshole comes out saying that he hasn't done anything wrong. The only thing I hope is that he spends many years in jail. Knew from the get-go there was something off about this motherfucker from the Nas Daily short documentaries, now that he's outed I'm just happy we see him for what he truly is and I hope the victims get their full recompense. Cause it sucks losing money, let alone money you trust to give you financial freedom. Title: Re: SBF-Denies Improper use of Customer Funds in a 1 on 1 Interview Post by: icalical on December 31, 2023, 12:14:31 AM He won't do it. He'll want to wait for the verdict first and this will take at least a year. Then, if he gets 30 years or more, there's a chance he'll do it. For a young guy, getting out at his 60s or 70s is like a death sentence, especially that he's a weak looking guy. If he got into a prison camp he might survive, but in a normal federal prison he won't make it with all those street thugs around. He'll end up as someone's girlfriend. Should we care about him? It wasn't a mistake that he made. It was years of stealing before he got caught. He knew what he was doing. I'd be more willing to release Ross than SBF and Ross is in for life. LOL.. do you really think that this guy will spend more than a few weeks behind bars? He made hundreds of millions of USD worth of donations to various political causes (the vast majority of which went to the Democrat Party), and his parents are very rich and influential. He may get sentenced to a lengthy jail term, but I don't think that he will serve more than 1% of that time in a proper prison. Ross Ulbricht's case was different. He was from the other extreme of the political prism and he went against the system. You can't compare Sam Bankman Fraud to Ross Ulbricht. Do you really think that Democrat or any political party will risk their vote for just one man, more than that that, SBF has lost all of his leverage. Not to mention that next year is election year. I don't know whether the general public is paying attention to the FTX case, but Democrat will definitely seize every vote they can get, and getting involved with SBF at this time is bad decision, they will always get another donor. Title: Re: SBF-Denies Improper use of Customer Funds in a 1 on 1 Interview Post by: tread93 on December 31, 2023, 10:04:25 PM He won't do it. He'll want to wait for the verdict first and this will take at least a year. Then, if he gets 30 years or more, there's a chance he'll do it. For a young guy, getting out at his 60s or 70s is like a death sentence, especially that he's a weak looking guy. If he got into a prison camp he might survive, but in a normal federal prison he won't make it with all those street thugs around. He'll end up as someone's girlfriend. Should we care about him? It wasn't a mistake that he made. It was years of stealing before he got caught. He knew what he was doing. I'd be more willing to release Ross than SBF and Ross is in for life. LOL.. do you really think that this guy will spend more than a few weeks behind bars? He made hundreds of millions of USD worth of donations to various political causes (the vast majority of which went to the Democrat Party), and his parents are very rich and influential. He may get sentenced to a lengthy jail term, but I don't think that he will serve more than 1% of that time in a proper prison. Ross Ulbricht's case was different. He was from the other extreme of the political prism and he went against the system. You can't compare Sam Bankman Fraud to Ross Ulbricht. Do you really think that Democrat or any political party will risk their vote for just one man, more than that that, SBF has lost all of his leverage. Not to mention that next year is election year. I don't know whether the general public is paying attention to the FTX case, but Democrat will definitely seize every vote they can get, and getting involved with SBF at this time is bad decision, they will always get another donor. SBF subverted an inconcievable amount of money into the Democratic party the deed has already been done and surely his money helped their cause. I only hope that people will have enough sense not to vote for someone that doens't want anything good for their own country. It truly is a shame what is happening in America. Title: Re: SBF-Denies Improper use of Customer Funds in a 1 on 1 Interview Post by: mich on January 19, 2024, 07:16:26 AM Well now the parents of SBF want the lawsuit against them to be dropped. His parents Joseph Bankman and Barbara Fried are Stanford Law School professors.
And they are denying any involvement with the fraud against their son SBF. https://www.theblock.co/post/273043/sbf-parents-dismiss-ftx-lawsuit |
