BANKMAN-FRIED PANIC GAMBLES TO REPAY DEBT

[Sithara007]

I guess it pays off to donate nice amounts to politicians. This is a bad precedent but it really looks like this is what Scam Bankman-Fraud is reaping right now. He sowed some niceties to the powerful, he got some niceties from them in return. Imagine this man scammed millions of people of their billions, but he's free and he even seems having fun with all his blunders.

With all the protection that he's getting right now despite his crimes, I won't be surprised if he still continues to gamble until now with people's money.

Bankman Fraud is having powerful friends and it makes a lot of difference in the end. And this is why Ross Ulbricht is in jail for life without any possibility of parole and Bankman Fraud is in his home enjoying Beluga caviar. The joke is that now he is claiming that he is receiving death threats. And this will allow him to have even more exceptions. With every passing day, the legal system in the United States is proving to be a joke. And they don't care about the money this guy stole because most of the investors were ordinary people. None of the politicians or bankers lost any money when FTX went down.

[goldkingcoiner]

Sam Bankman-Fried is alleged to have lost $100M of FTX’s money at online casinos. It is, however, not the first time Bankman-Fried has lost funds either. The collapse of Terra/Luna in May caused massive losses for Sam’s Alameda Research Fund. In hopes of winning back some of the losses, it appears that Sam hit the blackjack floor with FTX money. Unfortunately, he dug the hole deeper. According to Nansen Research, he lost  $100 million in Ethereum and USDT playing at crypto casinos like Stake, Bitcasino, and others. The dots begin to join and Binance’s unveiling of the misappropriation of customer funds now seems to make sense.]Sam Bankman-Fried is alleged to have lost $100M of FTX’s money at online casinos. It is, however, not the first time Bankman-Fried has lost funds either. The collapse of Terra/Luna in May caused massive losses for Sam’s Alameda Research Fund. In hopes of winning back some of the losses, it appears that Sam hit the blackjack floor with FTX money. Unfortunately, he dug the hole deeper. According to Nansen Research, he lost  $100 million in Ethereum and USDT playing at crypto casinos like Stake, Bitcasino, and others. The dots begin to join and Binance’s unveiling of the misappropriation of customer funds now seems to make sense.

How in the world did SBF decide that gambling was the best course of action for recovering the funds? It seems to me that he has terrible friends around him.  Have you ever thought of gambling as way to recover your funds and pay your debts? Does this look like a case of compulsive gambling?

Source: https://www.pokcas.com/sam-bankman-fried-and-ftx-bankruptcy/

I love this post so much I want to frame it with a nice golden frame and hang it on my wall.

Just when one thinks that Sam-Bankman-Fried is not only a scammer but a incompetent scammer. An incompetent scammer who lost $100 million USD and is now serving "house arrest" at his mommy's house. His bed is probably a racecar. No mentions of his girlfriend, who I heard was the one who ratted him out to the police. Which is why I guess we have not heard about her arrest in the news.  

[nullama]

~snip~
How in the world did SBF decide that gambling was the best course of action for recovering the funds? It seems to me that he has terrible friends around him.  Have you ever thought of gambling as way to recover your funds and pay your debts? Does this look like a case of compulsive gambling?

Source: https://www.pokcas.com/sam-bankman-fried-and-ftx-bankruptcy/

That's pretty much what a lot of gamblers end up doing.

They try to recover their losses by gambling more, which ends up being a terrible idea most of the time since now they lost even more money.

Also it's easier to spend other people's money than yours.

[Wexnident]

Well, that was dumb. I guess he was planning to pull something similar to the owner of FedEx or something. Now that's a life lesson you should stick with, not with FedEx, but with SBF and him trying to copy the case of FedEx. There's nothing dumber than trying to copy the "luck" of anyone. Rather unfortunate for people who endorsed FTX.

Anw I guess the general populace should start thanking him really, he taught people a few important things. One, don't store your cryptos in exchanges, and two, don't copy lucky people when it comes to gambling! A mighty expensive lesson though in this case, but for those who were unaffected by the impact, that's free lessons for you.

[Sithara007]

Is there any truth in this tweet?

https://twitter.com/GRDecter/status/1608535353824092162

Genevieve Roch-Decter (CEO of a financial media company) has made the allegation that Sam Bankman Fraud diverted $100 million from the customer funds to invest in a company called "Dave". As you can see from the tweet, the share prices have tanked by more than 95%. Those who want to track this stock can visit this link from Yahoo Finance:

https://finance.yahoo.com/quote/dave/

Currently trading at $0.27. Reached a peak of $15.3460 back in January 2022. Jason Wilk is the CEO and Kyle Beilman is the CFO. Who are these people?

[wxa7115]

laughing during the interview

I think he is probably taking drugs by that point, did he get paid for the interview or I wonder what was the point especially.   PR attempts when its possible fraud charges on that scale seems pointless, he might as well wait for the legal sparring between his council and opposing to start to find out his future destination.    Most likely I suppose is he really is that arrogant to believe its a case of talking his way out of it, a compulsive liar, delusional for many years something ego driven I guess being very rich can result in dangerous levels of self confidence.

When someone can lie during all their life and get away with it then it can be understood they believe they can do it once again.

And it is obvious that with the money he has, his lawyers and his political contacts that he believes he can just ignore the law and do whatever he wants, and if we are as objective as we can it is not as if he is completely mistaken, since there is a real possibility that he could walk away as a free man after all of this, and we can only hope the prosecution does a good job and justice is served.

[Ben Barubal]

Well, that was dumb. I guess he was planning to pull something similar to the owner of FedEx or something. Now that's a life lesson you should stick with, not with FedEx, but with SBF and him trying to copy the case of FedEx. There's nothing dumber than trying to copy the "luck" of anyone. Rather unfortunate for people who endorsed FTX.

Anw I guess the general populace should start thanking him really, he taught people a few important things. One, don't store your cryptos in exchanges, and two, don't copy lucky people when it comes to gambling! A mighty expensive lesson though in this case, but for those who were unaffected by the impact, that's free lessons for you.

     At least with FEDEX, at least it's a small amount that within just one if I'm not mistaken, he grew the money he gambled.

It is NOT like what SBF has done which is worth 100m$ more money from the funds of their investors. This person will do anything just to get away with his stupidity. It's not fair what he's doing if it's true.

[Unsoldier]

Sam Bankman-Fried is alleged to have lost $100M of FTX’s money at online casinos. It is, however, not the first time Bankman-Fried has lost funds either. The collapse of Terra/Luna in May caused massive losses for Sam’s Alameda Research Fund. In hopes of winning back some of the losses, it appears that Sam hit the blackjack floor with FTX money. Unfortunately, he dug the hole deeper. According to Nansen Research, he lost  $100 million in Ethereum and USDT playing at crypto casinos like Stake, Bitcasino, and others. The dots begin to join and Binance’s unveiling of the misappropriation of customer funds now seems to make sense.]Sam Bankman-Fried is alleged to have lost $100M of FTX’s money at online casinos. It is, however, not the first time Bankman-Fried has lost funds either. The collapse of Terra/Luna in May caused massive losses for Sam’s Alameda Research Fund. In hopes of winning back some of the losses, it appears that Sam hit the blackjack floor with FTX money. Unfortunately, he dug the hole deeper. According to Nansen Research, he lost  $100 million in Ethereum and USDT playing at crypto casinos like Stake, Bitcasino, and others. The dots begin to join and Binance’s unveiling of the misappropriation of customer funds now seems to make sense.

How in the world did SBF decide that gambling was the best course of action for recovering the funds? It seems to me that he has terrible friends around him.  Have you ever thought of gambling as way to recover your funds and pay your debts? Does this look like a case of compulsive gambling?

Source: https://www.pokcas.com/sam-bankman-fried-and-ftx-bankruptcy/

I have never heard of SBF playing in a casino. I think this article is a fake. Probably the author of the article plays in casinos and he thinks all people are gamblers. But that's his speculation. SBF will not pay back his investors and he understands that. His main concern is not to get a big prison sentence, not to get back at the casino.

[maydna]

~snip~
How in the world did SBF decide that gambling was the best course of action for recovering the funds? It seems to me that he has terrible friends around him.  Have you ever thought of gambling as way to recover your funds and pay your debts? Does this look like a case of compulsive gambling?

Source: https://www.pokcas.com/sam-bankman-fried-and-ftx-bankruptcy/

That's pretty much what a lot of gamblers end up doing.

They try to recover their losses by gambling more, which ends up being a terrible idea most of the time since now they lost even more money.

Also it's easier to spend other people's money than yours.

True, it was easier to spend other people's money, especially if he could run away after spending it. But if it is true that he chose to gamble to recover his funds and pay off his debts, that is the wrong way, and we have seen what happened to him. It may seem simple to think of gambling, winning and bringing a lot of money back. But that's not the scenario because, in gambling, there is no guarantee that someone will get the big win as expected. But instead, it will give you a big defeat if the goal is to get a big win. But of course, there are many rumours about this SBF and a lot of people talking about it.

[noormcs5]

Sam Bankman-Fried is alleged to have lost $100M of FTX’s money at online casinos. It is, however, not the first time Bankman-Fried has lost funds either. The collapse of Terra/Luna in May caused massive losses for Sam’s Alameda Research Fund. In hopes of winning back some of the losses, it appears that Sam hit the blackjack floor with FTX money. Unfortunately, he dug the hole deeper. According to Nansen Research, he lost  $100 million in Ethereum and USDT playing at crypto casinos like Stake, Bitcasino, and others. The dots begin to join and Binance’s unveiling of the misappropriation of customer funds now seems to make sense.]Sam Bankman-Fried is alleged to have lost $100M of FTX’s money at online casinos. It is, however, not the first time Bankman-Fried has lost funds either. The collapse of Terra/Luna in May caused massive losses for Sam’s Alameda Research Fund. In hopes of winning back some of the losses, it appears that Sam hit the blackjack floor with FTX money. Unfortunately, he dug the hole deeper. According to Nansen Research, he lost  $100 million in Ethereum and USDT playing at crypto casinos like Stake, Bitcasino, and others. The dots begin to join and Binance’s unveiling of the misappropriation of customer funds now seems to make sense.

How in the world did SBF decide that gambling was the best course of action for recovering the funds? It seems to me that he has terrible friends around him.  Have you ever thought of gambling as way to recover your funds and pay your debts? Does this look like a case of compulsive gambling?

Source: https://www.pokcas.com/sam-bankman-fried-and-ftx-bankruptcy/

If this news is true, then I am afraid SBF needs to be admitted in a mental hospital if he thinks that gambling can recover his funds. I mean how on the earth is this possible?

No one is ever able to pay their debts with gambling, as gambling is not a source of income, it is just a time passing activity where earning money is just a bonus. Believe me, he will lose whatever is left with him if he decided to gamble the remaining funds.

[uneng]

If this news is true, then I am afraid SBF needs to be admitted in a mental hospital if he thinks that gambling can recover his funds. I mean how on the earth is this possible?

No one is ever able to pay their debts with gambling, as gambling is not a source of income, it is just a time passing activity where earning money is just a bonus. Believe me, he will lose whatever is left with him if he decided to gamble the remaining funds.

That is an expected behavior from a sociopath. The guy has no respect and consideration for other people. Since it wasn't his own money he risked that large chunk of 100$ million in gambling. News like this make me more angry yet to see this guy isn't arrested and paying customers back, rather he is tranquil at home, going out, travelling, as nothing had happened, as is his girlfriend, because he had money from customers to pay for his bail. Now the mental disorder card must be the perfect excuse his lawyers will play in worst case, but I think that is a too mild conclusion for this case.

[o48o]

I have never heard of SBF playing in a casino. I think this article is a fake. Probably the author of the article plays in casinos and he thinks all people are gamblers. But that's his speculation. SBF will not pay back his investors and he understands that. His main concern is not to get a big prison sentence, not to get back at the casino.

I saw this, and one other article about this month ago, and for some reason i never questioned about the authenticity of it until now
Becaise when i tried to google about this, but found only that he has allegedly done this and no one has dig more info about this in month.

From what i know this hasn't even came up in hearings, reddit post about this has been removed as they do sometimes when they are not fact checked.
So i am starting to think you might be right. People believe anything when it suits their narrative of SBF being an reckless.

[UmerIdrees]

I have never heard of SBF playing in a casino. I think this article is a fake. Probably the author of the article plays in casinos and he thinks all people are gamblers. But that's his speculation. SBF will not pay back his investors and he understands that. His main concern is not to get a big prison sentence, not to get back at the casino.

I saw this, and one other article about this month ago, and for some reason i never questioned about the authenticity of it until now
Becaise when i tried to google about this, but found only that he has allegedly done this and no one has dig more info about this in month.

From what i know this hasn't even came up in hearings, reddit post about this has been removed as they do sometimes when they are not fact checked.
So i am starting to think you might be right. People believe anything when it suits their narrative of SBF being an reckless.

With this news of SBF looking to recover funds by playing gambling tell us the childish and irresponsible nature of this man. He was the owner of one of the biggest exchanges and people trusted this ill man.

I also lost some money in FTX along with many other users. We will never forgive this man, as he has played with our money and with our emotions. He deserves a lifetime imprisonment.  

[decodx]

Well, that was dumb. I guess he was planning to pull something similar to the owner of FedEx or something.
<...>

Yeah... I almost forgot about the inspiring story of the FedEx owner and his risky gamble that ultimately saved the company. But, in contrast, it seems that Sam has taken the opposite approach and ended up in a less favorable situation.

[openthebible]

I have never heard of SBF playing in a casino. I think this article is a fake. Probably the author of the article plays in casinos and he thinks all people are gamblers. But that's his speculation. SBF will not pay back his investors and he understands that. His main concern is not to get a big prison sentence, not to get back at the casino.

I saw this, and one other article about this month ago, and for some reason i never questioned about the authenticity of it until now
Becaise when i tried to google about this, but found only that he has allegedly done this and no one has dig more info about this in month.

From what i know this hasn't even came up in hearings, reddit post about this has been removed as they do sometimes when they are not fact checked.
So i am starting to think you might be right. People believe anything when it suits their narrative of SBF being an reckless.

It has nothing to do with fact-checking.
The guy is clearly a degenarate and multiple articles even pinpointed the casinos has was playing at.

No wonder why so many people lost money, most modern-day people can't read basic body language and need 50 sources to confirm something.
Sometimes you need to think for yourself and use your own head or other people will manipulate you.

https://ftxcollapse.org/breaking-news-sbf-lost-over-100m-gambling-at-online-casinos/

[RealMalatesta]

When someone can lie during all their life and get away with it then it can be understood they believe they can do it once again.

And it is obvious that with the money he has, his lawyers and his political contacts that he believes he can just ignore the law and do whatever he wants, and if we are as objective as we can it is not as if he is completely mistaken, since there is a real possibility that he could walk away as a free man after all of this, and we can only hope the prosecution does a good job and justice is served.

It is the system that kept him going for so long, and that means there is nothing to charge SBF with that isn't allowed him to go on this long. If you do not want people like him to do things like this, then you should be preventing him to do it in the first place and not after he already did it.

I understand impulsive crimes, but when you are talking about someone who steals the user funds for a long time, for many months and maybe even for over a year, and you jail them afterwards? That feels like maybe nobody wanted to stop him at all. If there was proper auditing going on, then it would have been realized long time ago and not allowed to begin with and we wouldn't have this problem.

[noormcs5]

I also lost some money in FTX along with many other users. We will never forgive this man, as he has played with our money and with our emotions. He deserves a lifetime imprisonment.  

Not only you, but everyone last lost funds in that exchange. Also, those who were holding FTT tokens also have to face a severe loss.
We all are looking to hear any good news of the recovery of the funds from FTX, but news like SBF trying to gamble, just disappoints us and after hearing such news all hopes get vanish.

By the way, I heard he was sent to jail, so how could he still have access to FTX funds and how can he gamble while remaining in Jail? Is this all drama?

[CryptoYar]

Sam Bankman-Fried is alleged to have lost $100M of FTX’s money at online casinos.[...]

I really had no idea that Sam Bankman-Fried is a gambler and he also gambled with his customer's money and lost $100M. Thank you OP for sharing this.

Have you ever thought of gambling as way to recover your funds and pay your debts?

Nope, in my personal opinion, when you are in dire need of money, most of the times you lose therefore it would be better to look around for better options.

[BobK71]

I also lost some money in FTX along with many other users. We will never forgive this man, as he has played with our money and with our emotions. He deserves a lifetime imprisonment.  

Not only you, but everyone last lost funds in that exchange. Also, those who were holding FTT tokens also have to face a severe loss.
We all are looking to hear any good news of the recovery of the funds from FTX, but news like SBF trying to gamble, just disappoints us and after hearing such news all hopes get vanish.

By the way, I heard he was sent to jail, so how could he still have access to FTX funds and how can he gamble while remaining in Jail? Is this all drama?

It could possibly be a rumor. Because expecting such news from a responsible stage is very unusual. And it is not possible to use steal money from the investors for gambling. Because if he does this, another legal action may be brought against him. And knowing and understanding he will never want to do that. Because he is currently suffering from various legal complications. There are many doubts about it, is it true or false?

[openthebible]

This happened before he went to jail.

Here is a pic of him enjoying cards:
https://i.ibb.co/XWdLp4P/0x0.jpg