When will Sam Bankman-Fried go to jail?

[Casdinyard]

My BTC savings have lost much value this month, and I know why. We all know. It's the FTX's debacle. Some say it's doomsday for cryptos, but it isn't. There's nothing wrong with BTC. What's wrong is that one crook has stolen honest people's money to make shady investments.

There's only one solution to restore people's confidence. Put the bad guy in jail for a long, long time.

He was just apprehended by the Bahaman Police at the behest of the US justice force a few days ago. As of late they are rolling the case of FTX collapse and wether SBF is guilty of scamming millions of his customers worldwide, which the evidence thus far points towards that direction, or not. Just funny how Kevin "The Most Legal Scammer" O'Leary pinned the blame to CZ and Binance in his court statement, stating that the bank run he generated caused FTX to collapse or something along those lines. Personally I wouldn't buy his BS, but when you consider how senile the people who put our good ol' boy Zuck last 2019 to court, I have my doubts.

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[posi]

snip.

The FUD attacks on binance are probably propagated by binance themselves, as they obviously have the reserves, and the fud campaign validates their reserves in a very public way.

That is a theory anyway. Otherwise, there is a lot of naivety in what you say. Firstly, SBF was not the only one responsible for FTX's demise, there were many many people involved. CZ and SBF collaborated in many ways. CZ is not innocent. Secondly, you are saying that Binance is not positively effected by the fall of FTX? Especially if it means that Binance takes FTX's position in the US and on top of that, majority of its customers, being the biggest alternative to FTX? That opinion is very flawed.

The collapse of FTX benefits Binance in every way possible. Binance gains more power in every way, customers, revenue, profit and political footing in arguably the largest consumer country in the globe.

It's naive, even wrong, to say that Binance is not very positively effected by the collapse of FTX. 

Your hypothesis about Fuds binance also makes sense because if Binance were unharmed after this, their reputation would have been further enhanced.
The fact that Binance did not benefit from the death of FTX is incorrect. I mean, there won't be a problem because in the US market alone, in addition to binance and FTX, we also have coinbase, a long-standing and reputable exchange in the US, and users will have more choices than Binance.us.
I only know that FTX is related to politicians, but I have not heard of binance involving politicians in the US.

[countryfree]

I'm disgusted.
Less than 24 hours after being extradited to the US, the man is already freed. He paid a $250 million bail with stolen money.
You can't trust justice in America. Corrupt country...

[Daltonik]

I'm disgusted.
Less than 24 hours after being extradited to the US, the man is already freed. He paid a $250 million bail with stolen money.
You can't trust justice in America. Corrupt country...

The Bahamas did not agree to release him on bail of $ 250,000, I think now they regret that they did not set a 1000 times larger amount, this bail has already become the largest in the history of pre-trial hearings SBF released into the custody of dad and mom.
Moreover, he did not even need to pay this amount, but simply under the guarantee of a personal guarantee.

[NotATether]

I'm disgusted.
Less than 24 hours after being extradited to the US, the man is already freed. He paid a $250 million bail with stolen money.
You can't trust justice in America. Corrupt country...

The Bahamas did not agree to release him on bail of $ 250,000, I think now they regret that they did not set a 1000 times larger amount, this bail has already become the largest in the history of pre-trial hearings SBF released into the custody of dad and mom.
Moreover, he did not even need to pay this amount, but simply under the guarantee of a personal guarantee.

At this point I am 100% convinced that this guy is not just incompetent and foolish, but also a downright criminal as well.

"I don't know where the money went" well you just paid with (some of) it for a bail!

[stompix]

I'm disgusted.
Less than 24 hours after being extradited to the US, the man is already freed. He paid a $250 million bail with stolen money.
You can't trust justice in America. Corrupt country...

Oh yeah, bad America!
If they left SBF alone, the damn corrupt nation, they don't arrest him, if they do arrest him, why do they involve themselves in an inquiry on Bahamas soil, if they sentence him to life in prison why they don't do that for all murderers, if they release him on bail, no that's bad he should rot already in prison!
When his girlfriend was free why isn't she in jail, when she was arrested why is she arrested before SBF?

Madoff was released on a 10 million bail only to be sentenced to 150 years in prison when he died, so, what's the problem with the bail?
Do you think that throwing him in prison till the trial will be one of those GoT scenes where he is tortured every day and has to eat rat droppings or what?

Btw, just like in Madoff's case, the bail was not paid by SBF as he has no money right now in his name, it was a bail placed on his family real estate and two guarantors till 10% of the full sum, so if he runs he will leave his parents with all the debt and legal consequences.

[Harriett]

I'm disgusted.
Less than 24 hours after being extradited to the US, the man is already freed. He paid a $250 million bail with stolen money.
You can't trust justice in America. Corrupt country...

Can he be arrested at any time after he is released on bail? The problem is that the US has the final say on this law.
SBF still has a lot of money in his hands, will that money be used to continue to buy freedom, no, it is our money, and it will be used to buy him freedom? This is ridiculous.

[rdluffy]

The whole situation is weird, I don't if you guys follow Twitter but 3-4 days ago SBF was at aiport:


Source

It's weird that he can use a laptop, internet, smartphone, travel in business class...
He is very calm and quiet for a person who could possibly be sentenced to many years in prison.
It seems that he has some cards in his hands that can save him and we don't know yet.

[DooMAD]

It's weird that he can use a laptop, internet, smartphone, travel in business class...
He is very calm and quiet for a person who could possibly be sentenced to many years in prison.
It seems that he has some cards in his hands that can save him and we don't know yet.

Alternatively, he could be resigned to his fate.  Trying to make the most of his remaining freedom before he gets put away for a very long time. 

Not that I'm condoning it, mind.  It just seems to track, given that he's shown no real remorse for his actions so far.

[CryptoBuds]

It's weird that he can use a laptop, internet, smartphone, travel in business class...
He is very calm and quiet for a person who could possibly be sentenced to many years in prison.
It seems that he has some cards in his hands that can save him and we don't know yet.

Alternatively, he could be resigned to his fate.  Trying to make the most of his remaining freedom before he gets put away for a very long time. 

Not that I'm condoning it, mind.  It just seems to track, given that he's shown no real remorse for his actions so far.

His family is willing to pay 250 million just for him to be released, which is enough to show that they have a lot of money (although it could be investors' money). But in my opinion, even in the US, a country that is considered to have strict laws, when you have a lot of money, nothing is impossible to buy.
For a person who knows he is about to receive a high punishment for what he has done, no matter how optimistic he is, it is impossible to be in such a good mood.

[crunck]

The whole situation is weird, I don't if you guys follow Twitter but 3-4 days ago SBF was at aiport:


Source

It's weird that he can use a laptop, internet, smartphone, travel in business class...
He is very calm and quiet for a person who could possibly be sentenced to many years in prison.
It seems that he has some cards in his hands that can save him and we don't know yet.

I'm not surprised, many people think that once he's caught, he'll pay for what he's done. Don't forget what he did for politicians and his relationships. I think he is not only holding 1 card to be able to rescue him but he is probably holding dozens of cards. Like Dokwon, so far he hasn't been caught and we seem to have forgotten about him because of other news. SBF too, we will soon forget everything and he will be fine. There are many ways for SBF.

[BigBos]

I'm disgusted.
Less than 24 hours after being extradited to the US, the man is already freed. He paid a $250 million bail with stolen money.
You can't trust justice in America. Corrupt country...

I am very disappointed with this decision, this was really beyond my expectations, at first I felt calm even though I was still disappointed with SBF because he was in the process of being tried for imprisonment. But with the news I got today, I feel like asking him for a 1 vs 1 fight.
Apart from his wealthy family, he must have had the support of practitioners from within the government who were influential and orchestrated all the judgment, the attitude he gave the people showed calm and no worries from his mind and heart, this was enough for me there was someone else behind everything. this. , but I can't say for sure who's in line with the SBF so far.
Justice may only be for those who have money.

[Rikafip]

He is very calm and quiet for a person who could possibly be sentenced to many years in prison.

What do you expect from him, to cry and scream in public? Its not like he was arrested yesterday so he is in shock. Guy was just released on bail and will spend the trial living in his parents house so he might be even happy.

It seems that he has some cards in his hands that can save him and we don't know yet.

I highly doubt that since his gf Caroline and buddy Gary already snitched to get a lower sentence so my guess is that it is very unlikely for SBF to avoid prison as he was on the top of the scheme.

[BenCodie]

I'm disgusted.
Less than 24 hours after being extradited to the US, the man is already freed. He paid a $250 million bail with stolen money.
You can't trust justice in America. Corrupt country...

When I saw the news I was sickened.

I am even more sickened that the real people responsible are still not being talked about.

[DooMAD]

Is it really that allowed on having at least giving sometime on doing all the things he do want before getting jailed totally? The do paid up the bail and i dont believe that it is really just good for
those limits or restrictions towards its actions and lots of questions raised up specially into those people who were affected with this FTX bankruptcy.
The picture do even shows that he is free as a bird with those actions and you cant blame out people on having those questions.

I'm honestly a little confused as Reuters/Yahoo! reported that the terms of his bail would mean he would have to remain indoors:

Nicolas Roos, a prosecutor, told U.S. Magistrate Judge Gabriel Gorenstein that the bail package would require Bankman-Fried to surrender his passport and remain in home confinement at his parents' home in Palo Alto, California. He would also be required to undergo regular mental health treatment and evaluation.

Are we sure this image of him at an airport is current and not from prior to his arrest?  Or are they using a plane to send him back to his parents?  Either way, he's not completely free.

[BenCodie]

I'm honestly a little confused as Reuters/Yahoo! reported that the terms of his bail would mean he would have to remain indoors:

Nicolas Roos, a prosecutor, told U.S. Magistrate Judge Gabriel Gorenstein that the bail package would require Bankman-Fried to surrender his passport and remain in home confinement at his parents' home in Palo Alto, California. He would also be required to undergo regular mental health treatment and evaluation.

Are we sure this image of him at an airport is current and not from prior to his arrest?  Or are they using a plane to send him back to his parents?
[/quote]

I would imagine that he spends a lot of his time indoors anyway. Hardly a harsh term.

[uneng]

His family is willing to pay 250 million just for him to be released, which is enough to show that they have a lot of money (although it could be investors' money). But in my opinion, even in the US, a country that is considered to have strict laws, when you have a lot of money, nothing is impossible to buy.
For a person who knows he is about to receive a high punishment for what he has done, no matter how optimistic he is, it is impossible to be in such a good mood.

It reminds me I was talking weeks ago with an acquaintance about a similar scam in crypto (Celsius). I told him the scam involved too many investors (2 million) and too much money (12$ billion in assets) to end without serious consequences for the individuals involved. Then he expressed a sarcastic smile and told me: someone who steals that sum of money doesn't go to the prison...

And I thought, well, it really makes sense. When you realize what money can buy and what are the connections of those people, you understand there isn't any justice at all. i was talking about Mashinsky, but with Sam Bankman Fried things go even deeper, because he has direct access to the american highest governmental level. His mother was directly attached to Biden's campaign and the democrat party.

These people have the power to say what is right and what is wrong. Unfortunatelly events like this just reveal corruption has rotted the sectors of our socities that should be protecting us from that corruption.

It's a shame his money is paying for his bail. His money and patrimony should be going to his victims' pockets, instead.

[bbc.reporter]

Is it really that allowed on having at least giving sometime on doing all the things he do want before getting jailed totally? The do paid up the bail and i dont believe that it is really just good for
those limits or restrictions towards its actions and lots of questions raised up specially into those people who were affected with this FTX bankruptcy.
The picture do even shows that he is free as a bird with those actions and you cant blame out people on having those questions.

I'm honestly a little confused as Reuters/Yahoo! reported that the terms of his bail would mean he would have to remain indoors:

Nicolas Roos, a prosecutor, told U.S. Magistrate Judge Gabriel Gorenstein that the bail package would require Bankman-Fried to surrender his passport and remain in home confinement at his parents' home in Palo Alto, California. He would also be required to undergo regular mental health treatment and evaluation.

Are we sure this image of him at an airport is current and not from prior to his arrest?  Or are they using a plane to send him back to his parents?  Either way, he's not completely free.

This part of the news article that says that he is required to undergo mental health treatment and evaluation might find something that will lower his sentence. If everyone remembers, some of the other news articles mentioned Sam and his team took amphetamines for more productivity when they were working in the office. However, there are some types of amphetamines that can turn some people into impulsive gamblers.

I reckon Sam's lawyer can use this as a plead for a type of temporary insanity because he was under the influence of drugs.

[stompix]

I reckon Sam's lawyer can use this as a plead for a type of temporary insanity because he was under the influence of drugs.

He claimed battling depression in order to be released on bail, when you came to any kind of claim like this the judge will require you to go through an evaluation, which is quite common and it saves the court the trouble of another evaluation when the actual hearing starts as well. Neah, the insanity excuse has flown a long time ago, he can't play that card, especially since that would mean he was under the influence even during events like the testimony in Congress a year ago,  he won't go through something that can send him in more troubles, he will just say he was stupid, he made mistakes but he truly believed everything was fine, just like a kid would say he's sorry

 

[countryfree]

I reckon Sam's lawyer can use this as a plead for a type of temporary insanity because he was under the influence of drugs.

There are plenty of videos of him giving interviews, he can't say he was under influence everyday...
Still, with crazy American justice, it might work. I didn't know it was possible, but the $250 million bail which set him free, he hasn't paid a single dollar.