Marvell1
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February 05, 2023, 12:39:40 PM |
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I keep hoping he will be sent to jail for a long time. These cases can take a long time though, we can only hope that justice is done & he is imprisoned for the fraud he carried out that ruined so many lives.
I know he made large donations to some of those in power but surely that’s not going to save him. The only way he avoids a long term is if the whole thing was a ploy by the FED to create this drama to create a perfect reason to regulate crypto hard. In that case he would have essentially been a paid actor, a plant.
I also thought about that hypothesis, the crash of FTX was pre-planned and would become the perfect pretext to pave the way for the government to enter the market and take control of the entire market. They've let us free for so long and lost billions of dollars in taxes, it's time for them to take over. And for a perfect takeover, there must be a reason, and FTX is chosen as the scapegoat. The SBF impeachment trial has been adjourned to October of this year, and this is an excuse because we all know that time is the medicine that makes us forget everything. I wouldn't believe the SBF would be properly punished.
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mich
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February 06, 2023, 07:38:23 AM |
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Well now FTX advisers are saying it handed out inappropriate funds as donations. It has sent confidential letters to politicians asking for donations back. They can not be serious with this?
Even now when SBF is in big trouble, that would look so bad for the politicians. If the money is not returned, they are saying the recipients will have to also pay interest costs. Also FTX donated money to student scholarships and want it back also.
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SquallLeonhart
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February 06, 2023, 08:08:31 PM |
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Well now FTX advisers are saying it handed out inappropriate funds as donations. It has sent confidential letters to politicians asking for donations back. They can not be serious with this?
Even now when SBF is in big trouble, that would look so bad for the politicians. If the money is not returned, they are saying the recipients will have to also pay interest costs. Also FTX donated money to student scholarships and want it back also.
Inappropriate funds huh. I think this shows how confident they are before, that their company is already earning a lot that they can call huge funds as inappropriate funds anymore but now they are regretting it and they want to take it back but I think that's hard and it may not be possible because they already said in the past that it was a donation and not some kind of a loan where they will also demand for an interest rate. I don't think they are joking when they say this because but they mean it because they are now in trouble. Politicians won't need to feel bad about this because they are not guilty on here but it was SBF who made all this mess.
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Desmong
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February 06, 2023, 08:15:14 PM |
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SBF donated huge sum of amount to the current government regime that is why he is very confident with this kind of crime. I know thwt by any means even though he might ended up in prison, his punishment will not be much. I am very sorry for so many investors he reaped out with getting there funds back.
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o48o
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February 06, 2023, 08:27:11 PM |
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Well now FTX advisers are saying it handed out inappropriate funds as donations. It has sent confidential letters to politicians asking for donations back. They can not be serious with this?
Even now when SBF is in big trouble, that would look so bad for the politicians. If the money is not returned, they are saying the recipients will have to also pay interest costs. Also FTX donated money to student scholarships and want it back also.
I totally understand that they have to ask it back but as some of it has given to charities and some already spended, so good luck with those. I am guessing there could be a court order preventing to spend any more money if they find a judge willing to do that. I am guessing politicians would want to give the money back to seem like decent people for the voters.
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zasad@
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February 09, 2023, 03:29:57 PM |
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https://www.crainsnewyork.com/finance/lawsuit-accuses-signature-bank-overlooking-ftx-fraud"Signature Bank was accused in a lawsuit by an investment firm of facilitating the FTX collapse by allowing the now-defunct crypto exchange to commingle customer accounts with its blockchain network. Signature did this even though it had observed suspicious FTX transfers through its Signet blockchain payment network, Statistica Capital Ltd. said in a complaint filed Monday in federal court in Manhattan. The bank said in December intends to shed as much as $10 billion in deposits from digital asset clients as it embarks on a widespread pullback from the cryptocurrency industry in the wake of the FTX blowup. Deposits from FTX represented less than a 10th of a percent of the bank’s overall deposits as of Nov. 14, the company said in November."
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BobK71
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February 09, 2023, 04:47:28 PM |
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What are the latest updates to SBF? as far as I know he is under house arrest now, and also bailed in the amount of 250K$ or 250M$, Please correct me.
I just believe that SBF will be held accountable for the scandals he did in FTX. What he did was not a trivial amount that affected the market in truth. Where a lot of ftx users has been robbed by this person actually.
Due to the FTX scam, some people took the path of suicide to be from the desperation. Many have gone bankrupt who once had great wealth. SFB is making people into scapegoats by trapping them and he is going crazy with that money but that can never be accepted. If there is a political hand and he is ordered to reduce the punishment then the victims will not get justice.
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mich
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February 16, 2023, 05:59:16 AM |
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Well, there was alot of question where he got his bail money from. It was lot of speculation how he could afford bail for $250 Million.
But now, we know it was funded by 2 men named Larry Kramer and Andreas Paepcke. Larry Kramer is the former Dean of Stanford Law School. And Andreas Paepcke is a Stanford Research Scientist.
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TravelMug
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March 03, 2023, 08:02:28 AM |
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Thanks for the update, and as what we have suspected though, they really play with the investors money and move it around for them to take advantage until it went up of control and blow up in proportions without having had any clue on what is going from behind. This is really misappropriate of funds in the side of SBF and hopefully justice can be served and him going in jail for a long time because of this. We are talking about billions here, and many lost their precious money from SBF fault.
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mich
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March 14, 2023, 07:06:14 AM |
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SBF trial is supposed to begin on October 2. But his lawyers want to push that back. This is because there is evidence they need from federal prosecutors and to prepare properly for his defense. I still can not believe this man is out of jail on $250 million bond on house arrest. He needs to be careful because judge thinks his proposed bail conditions is too 'cushy' https://gizmodo.com/sbf-sam-bankman-fried-ftx-judge-bail-rules-too-cushy-185021333
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FUCKBSVFUCK
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May 01, 2023, 06:05:02 PM |
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Well, I read in this news that SBF was in a serious depression. He can't prove it. He also admitted to smoking marijuana and has lost a lot of money in the last 4 years. The news was sensational.
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mich
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May 18, 2023, 04:25:10 AM |
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Well this is getting interesting for SBF. The US Department of Justices has sent letters to lawmakers and asking for donations from FTX to be returned. This is more then $40 Million that DOJ is asking for back from Political contributions in 2022. https://blockworks.co/news/doj-claws-back-ftx-donations
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mich
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June 16, 2023, 05:14:59 AM |
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SBF trial will be split up in 2 different proceedings. This is because they are worried that 5 of the 13 charges will be held up by court in the Bahamas. He pleaded not guilty to all of these charges. There are 3 former FTX employees that have already pleaded guilty to similar charges. https://www.nytimes.com/2023/06/15/business/sam-bankman-fried-charges.html
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mich
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August 01, 2023, 05:41:31 AM |
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Well now SBF is being blamed for $bald rug poll. The devs pulled all the liquidity and meme coin went to zero dollars. And blockchain detectives are now saying the wallets used for this are owned by SBF. Cinneamhain Ventures partner Adam Cochran says he is 99% sure it is either someone from Alameda, FTX, or SBF himself. https://finance.yahoo.com/news/blockchain-sleuths-bald-liquidity-rug-010127691.html
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