OK guys.. it has been many months since we had a debate on this topic. 6-7 months back, I made a prediction that Sam Bankman Fraud will not spend more than a week in prison. And my prediction came true.
Oh gawd.. are you trolling or what? It's too early to figure out if your prediction came true or not.. so it seems a bit ridiculous that you are asserting that you are correct before some of the actual important matters have had chances to play out.
Yes.. sure it is likely unfair that he is out on bail in order to prepare for trial.. and it is likely unfair that his parents or family members have not been charged yet.. but we will see.. we will see.. I agree with you in the sense that I don't necessarily expect justice to be served, but it is too soon to conclude that you were right about his not going to jail... and it may well happen that he ends up getting several years in jail.. He should get 20 or more.. but still too early to know if something like 20 or more will even end up playing out.
Currently he is on "house arrest" in Palo Alto, California.
I think that he is on bail.. and yeah a kind of house arrest with a tracking monitor probably based on fear of his fleeing.. and these kinds of things are usually allowed (especially for rich twats who have highly paid attorneys). .so that the defendant can presumably prepare for trial that is currently scheduled for October (even though surely dates could end up changing along the way).
When we mention "house arrest" please remember that in case of Sam Bankman Fraud it means that he is staying at his home with all 7-star facilities doing whatever he want.
Yes... of course you can do whatever you want, as long as you are not doing illegal things related to the case.. and he cannot leave without permission.. probably the judge.. I think some aspects of his internet had already been restricted based on his earlier behaviors.. yeah, he is a little cunt that probably does not deserve to be outside of jail.. but there is still some presumption of innocence until proven guilty (especially for rich people).
I won't be surprised if he arranges gay prostitutes to visit him during this "house arrest".
I doubt that he is restricted from those kinds of things.. even though he might be restricted from contacting some of the prosecutor's witnesses.. except maybe to the extent that attorneys come to some kind of an agreement.
Steal 8 billion USD from hardworking people and take away their life savings, and all this guy gets is a couple of days behind bars.
again the trial has not happened yet.. and yeah, it does seem that the crimes were fairly egregious and likely it was more than just SBF who needs to be prosecuted and put in jail. but they do need a trial before they can be put in jail.. except sometimes poor people are not able to get bail.. and then some times some rich people cannot get out if there is a high likelihood of their fleeing or that there might be some other reasons that they should not be allowed out while waiting for trial..
This is what we call as "liberal privilege". Compare his case to that of someone like Allen Stanford, who has been in prison since 2012, with no possibility of parole.
By liberal do you mean rich person privilege?
I did not know much of anything about Stanford prior to you mentioning him... .. but presumptively you are referring to this guy:
https://en.wikipedia.org/wiki/Allen_StanfordCorrect, Sam is not going to jail it seems, and the stupid Gensler is not even digging more into the FTX case, instead they target Coinbase and mainly Binance exchange, this is the part where I believe that Gensler and Sam with Kevin can be an accomplice in this crime, CZ also revealed that in 2019, Gensler offered to be appointed as Binance advisor and he was turned down.
The case of Sam and FTX might not come to light if Sam was not a spoilt brat, and if he keeps doing this for long it will have a very bad effect in the future, I also feel like politicians are behind Sam and the FTX money manipulations.
You sound mixed up Outhue. The case of FTX and Sam's criminal charges are being pursued by the DOJ.. so yes, they are more serious because they are criminal charges.
The charges against Binance and Coinbase, so far, are civil proceedings.. not criminal proceedings... even though it is possible (and there are rumors that may or may not be true in regards to possible criminal charges involving Binance/CZ)... Not all charges are the same, even if you are wanting to muddy all the various aspects and proclaim that life is not fair..
yeah.. I do agree that there are a lot of unfairnesses, but your proclamations that Sam and FTX are not being held accountable.. remains quite premature, at least so far.. .Sure, the charges against Sam and FTX could get dropped, but dropping those charges does not seem to be the current direction...
Another thing that Gensler and various politicians are doing is taking advantage of the FTX disaster and trying to equate Binance and Coinbase in various kinds of ways in order to justify the various ways that they are playing hardball against Binance and Coinbase, but the mere fact that politicians are muddying the waters should not mean that any of us should be doing the same thing.
He is not in jail, because no charges were filed and the prosecutor did not determine the punishment yet. Trial is set on October 2, 2023. So right now Sam in enjoying his life and creating a defensive strategy. I am sure, that on October 2, nothing will be decided and there will either second, third or another hearing, or the trial will be postponed. Even if he gets in jail, he wont be in regular jail. In US there are many private jail, and he will find himself a "7-star facility with high walls».
with the long days ahead, definitely, his lawyers know already how to get out of this situation. or at least not get a hard sentence from this failure.
Does not mean that SBF's lawyers are going to be successful to keep Sam from serving time.
with big money involved, i won't be surprised if he will make a deal to his favour.
Maybe? Maybe not. You seem to be guessing...
as he's awaiting trial from the comfort of his parents' home, we all know he's not just sitting and waiting, but for sure, he's also moving his funds without the authorities' knowledge.
You are likely correct about that... even if the evidence might not be direct, it seems that some reasonable inferences could be made that there could be some shenanigans continuing to go on in the background and that some kinds of behaviors are still able to allow Sam to do things (such as communicate secrets) in such a way that he would not be able to accomplish if he was in jail..
hence, i don't think he will plead guilty in any of those criminal charges thrown to him.
Yes.. He has a right not to plead guilty.. then if he continues to not plead guilty, then his case will go to trial, and the govt (prosecutors) have the burden to show that he is guilty beyond a reasonable doubt.. and if they prosecutor succeeds, then Sam goes to jail. He might be able to stay out of jail during an appeal period.. it is likely a bit early to determine how long it might take to try the matters, in the event that he does not plea guilty (which pleaing guilty might end up being the better way for Sam to get reduced jail time.. but you are right, Sam might not plea guilty).
