Prosecution to use Caroline Ellison notes as evidence against SBF

[bbc.reporter]

Did the US Department of Justice collect little evidence on this fool?
The problem here is that these 2 main drug addicts and their team did not act independently, and they had their patrons in higher authorities. Therefore, next year we will see even more vivid rhetoric of some American politicians before the elections.

Agreed. Sam and Caroline were also rumored to be lovers. This implies that they trusted each other. I would not be shocked if they had a scheme on how they can move the funds of FTX's customers around to cover Caroline Ellison's trading losses in Alameda.

Can Sam testify in court that he was being manipulated by Caroline through sex and drugs?

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[Bushdark]

Did the US Department of Justice collect little evidence on this fool?
The problem here is that these 2 main drug addicts and their team did not act independently, and they had their patrons in higher authorities. Therefore, next year we will see even more vivid rhetoric of some American politicians before the elections.

Agreed. Sam and Caroline were also rumored to be lovers. This implies that they trusted each other. I would not be shocked if they had a scheme on how they can move the funds of FTX's customers around to cover Caroline Ellison's trading losses in Alameda.

Can Sam testify in court that he was being manipulated by Caroline through sex and drugs?

There is something we'll missing that we haven't gotten. If the case process in the way I expected it there will be a lot of drama in the court and I hope things wouldn't get worse for the FTX boss. I can't wait to see the end to this evidence which can be manipulated at any form and the contrary could later happen. A I care right now is for part of the customers funds to be returned from because many are still suffering from the trauma of fall of FTX.

[bbc.reporter]

@Bushdark. Agreed. There will certainly be much drama in this trial and I speculate that CZ's name will be mentioned many times and it will be implied that CZ caused the collapse of FTX because of his dump on FTT without any mention that FTT was being used as collateral for Alameda Research's leverage trades.

On customer funds, they would be very lucky if they receive them within 2 years. The distribution might happen similar to Mtgox.

[zasad@]

Did the US Department of Justice collect little evidence on this fool?
The problem here is that these 2 main drug addicts and their team did not act independently, and they had their patrons in higher authorities. Therefore, next year we will see even more vivid rhetoric of some American politicians before the elections.

Agreed. Sam and Caroline were also rumored to be lovers. This implies that they trusted each other. I would not be shocked if they had a scheme on how they can move the funds of FTX's customers around to cover Caroline Ellison's trading losses in Alameda.

Can Sam testify in court that he was being manipulated by Caroline through sex and drugs?

In Russian criminal practice, whoever begins to hand over accomplices first is the witness, and the rest are the accused. It's the same here. If the investigators wanted to solve a major crime, they would arrest everyone and collect evidence, which is very much. And since this case has political overtones, we will see many more interesting twists and turns.

[zasad@]

I thought it would be fun, but this is too much
https://news.sky.com/story/sam-bankman-fried-fallen-crypto-king-wanted-to-be-us-president-star-witness-caroline-ellison-tells-fraud-trial-12982069
"Sam Bankman-Fried: Fallen crypto king wanted to be US president, star witness Caroline Ellison tells fraud trial
FTX used to be the world's second-largest exchange. In the days before it went bankrupt, Sam Bankman-Fried's net worth plunged by 94% in a single day - the biggest wealth collapse a billionaire has ever suffered in such a short space of time."

[Majestic-milf]

I thought it would be fun, but this is too much
https://news.sky.com/story/sam-bankman-fried-fallen-crypto-king-wanted-to-be-us-president-star-witness-caroline-ellison-tells-fraud-trial-12982069
"Sam Bankman-Fried: Fallen crypto king wanted to be US president, star witness Caroline Ellison tells fraud trial
FTX used to be the world's second-largest exchange. In the days before it went bankrupt, Sam Bankman-Fried's net worth plunged by 94% in a single day - the biggest wealth collapse a billionaire has ever suffered in such a short space of time."

Well this is a lot to process. Whew! When we think the dust of the FTX saga is beginning to settle, more drama just seems to come up. Well I would not blame Caroline Ellison as she has decided to spill the beans because if you look at it, there's nothing in it for her. Sam's no longer interested in her, Alameda is gone...why not tell all?
But the thought of Sam vying for a presidential spot is quite laughable, yunno. Asides from the fact that he might not get much votes. Does he really think Biden would return the favor he did for him back in 2020? Heck no!

[sokani]

Well this is a lot to process. Whew! When we think the dust of the FTX saga is beginning to settle, more drama just seems to come up. Well I would not blame Caroline Ellison as she has decided to spill the beans because if you look at it, there's nothing in it for her. Sam's no longer interested in her, Alameda is gone...why not tell all?
But the thought of Sam vying for a presidential spot is quite laughable, yunno. Asides from the fact that he might not get much votes. Does he really think Biden would return the favor he did for him back in 2020? Heck no!

It's really funny reading that he was even nurturing the thoughts of becoming the president of united states, the most powerful country on earth. What a joke! I wonder how he could have achieved this because he certainly cannot bribe his way to the white house. Well, his presidential dreams are not yet shattered, it's well intact. I guess he can still become the president while cooling off in prison, I mean the president of inmates.

The trial is getting interesting and Caroline Ellison is singing like a canary, she's spilling many secrets of Sam Friedman shady dealings and I hope he gets nailed for his crimes very soon.

[zasad@]

I thought it would be fun, but this is too much
https://news.sky.com/story/sam-bankman-fried-fallen-crypto-king-wanted-to-be-us-president-star-witness-caroline-ellison-tells-fraud-trial-12982069
"Sam Bankman-Fried: Fallen crypto king wanted to be US president, star witness Caroline Ellison tells fraud trial
FTX used to be the world's second-largest exchange. In the days before it went bankrupt, Sam Bankman-Fried's net worth plunged by 94% in a single day - the biggest wealth collapse a billionaire has ever suffered in such a short space of time."

Well this is a lot to process. Whew! When we think the dust of the FTX saga is beginning to settle, more drama just seems to come up. Well I would not blame Caroline Ellison as she has decided to spill the beans because if you look at it, there's nothing in it for her. Sam's no longer interested in her, Alameda is gone...why not tell all?
But the thought of Sam vying for a presidential spot is quite laughable, yunno. Asides from the fact that he might not get much votes. Does he really think Biden would return the favor he did for him back in 2020? Heck no!

The saga should end after the elections, and I think that Sam Bankman-Frida's prison sentence will depend on the election results. It is understood that Sam Bankman-Fried will receive a prison sentence, but the number of years behind bars is important.

[Majestic-milf]

It's really funny reading that he was even nurturing the thoughts of becoming the president of united states, the most powerful country on earth. What a joke! I wonder how he could have achieved this because he certainly cannot bribe his way to the white house. Well, his presidential dreams are not yet shattered, it's well intact. I guess he can still become the president while cooling off in prison, I mean the president of inmates.

Your sense of humor is soothing..  ..He wouldn't call it bribing, mind you. Call it a generous donation towards a future course. Sam will tell you he acted like any businessman would; giving something to expect something in return. I still don't understand what gives him the belief he can be able to run a country like America because for all we know, he has no political bone in his body! The only thing linking him with politics is his generous donations and that's that. Except he'd play the role of ceremonial leader, while his vice does all the work. That's if he gets the chance.

The trial is getting interesting and Caroline Ellison is singing like a canary, she's spilling many secrets of Sam Friedman shady dealings and I hope he gets nailed for his crimes very soon.

You shouldn't blame our dear Carol! She saw an out and she took it. It's not as if what she's saying are accusations. I feel it's this way because Sam Bank Friedman committed the crime and is trying to shift most of the blame on her.

[zasad@]

https://dailycoin.com/ellison-partly-blames-changpeng-zhaos-tweet-for-ftx-fall/
"Ellison believes CZ might have contributed to FTX’s implosion.
The former Alameda CEO asserted at SBF’s trial.
CZ had vehemently denied the claim last year.
Former Alameda CEO Caroline Ellison, who is also the prosecution star witness in the Sam Bankman-Fried (SBF) criminal trial, claimed in court that a tweet from Binance CEO Changpeng “CZ” Zhao contributed to the implosion of the FTX crypto exchange."
Ellison will tell you a lot of interesting information, and her interview about risk management was fabulous.

[Baofeng]

It's really funny reading that he was even nurturing the thoughts of becoming the president of united states, the most powerful country on earth. What a joke! I wonder how he could have achieved this because he certainly cannot bribe his way to the white house. Well, his presidential dreams are not yet shattered, it's well intact. I guess he can still become the president while cooling off in prison, I mean the president of inmates.

Your sense of humor is soothing..  ..He wouldn't call it bribing, mind you. Call it a generous donation towards a future course. Sam will tell you he acted like any businessman would; giving something to expect something in return. I still don't understand what gives him the belief he can be able to run a country like America because for all we know, he has no political bone in his body! The only thing linking him with politics is his generous donations and that's that. Except he'd play the role of ceremonial leader, while his vice does all the work. That's if he gets the chance.

The trial is getting interesting and Caroline Ellison is singing like a canary, she's spilling many secrets of Sam Friedman shady dealings and I hope he gets nailed for his crimes very soon.

You shouldn't blame our dear Carol! She saw an out and she took it. It's not as if what she's saying are accusations. I feel it's this way because Sam Bank Friedman committed the crime and is trying to shift most of the blame on her.

Yes, and I think even though she pleaded guilty, but being the star witness, for sure her lawyer has work out something and she could be out of the jail very early. So he is telling everything in court just to save face.

But I do agree that there could be a lot of drama, pointing finger and accusations, kind of manipulation and this for sure will be used by Carol on his side that somewhat all the blame is to be put on SBF. Also I like to see CZ getting on the witness stand, hehehe.

[Majestic-milf]

Yes, and I think even though she pleaded guilty, but being the star witness, for sure her lawyer has work out something and she could be out of the jail very early. So he is telling everything in court just to save face.

But I do agree that there could be a lot of drama, pointing finger and accusations, kind of manipulation and this for sure will be used by Carol on his side that somewhat all the blame is to be put on SBF. Also I like to see CZ getting on the witness stand, hehehe.

She could be pardoned after her tell all, but since she pleaded to two counts of fraud and five counts of conspiracy, probably she too could serve time only hers could be short compared to Sam's. Honestly, I feel sorry for her because prior to working for Alameda she said she'd never believe she would help falsify records and give to her clients but overtime, and with continuous practice, it became like second nature to her..pfft! So, she's the ggid girl gone bad of Alameda, yeah. I am just waiting to see how all these ends.

[zasad@]

Here you need to keep an eye on 2 points.
If the exchange returns money to clients, then the charges will not be so severe. Although 9 billion is a large amount and I have not yet understood this plan.


https://www.coindesk.com/policy/2023/10/17/ftx-plans-to-return-90-of-customer-funds-but-theres-a-catch/
FTX Plans to Return 90% of Customer Funds, but There's a Catch
"An amended proposal released early Tuesday will be filed by the FTX Debtors by mid-December if approved."


And it is very important who wins the elections, because part of the money is used to finance politicians.

[Majestic-milf]

And it is very important who wins the elections, because part of the money is used to finance politicians.

So are you saying whoever wins the election will kindly donate back $9bn back to help pay customers their lost money? Nah, I don't think so. That would be raising too much eyebrows if you ask me. This will get people talking and they'd be like; "ooh, here's the dude that was in cohorts with Sam that made him cart all our funds away just to support his campaign". I feel whoever wins will be forever indebted to him for his generous donations and that will just be it.
 It's painful but if I were these customers, I'd move on and accept the fact that I'm not getting my money back instead of holding up hope. I guess this the bitter lesson one learns when  they leave their funds in centralized exchanges.

[zasad@]

And it is very important who wins the elections, because part of the money is used to finance politicians.

So are you saying whoever wins the election will kindly donate back $9bn back to help pay customers their lost money? Nah, I don't think so. That would be raising too much eyebrows if you ask me. This will get people talking and they'd be like; "ooh, here's the dude that was in cohorts with Sam that made him cart all our funds away just to support his campaign". I feel whoever wins will be forever indebted to him for his generous donations and that will just be it.
 It's painful but if I were these customers, I'd move on and accept the fact that I'm not getting my money back instead of holding up hope. I guess this the bitter lesson one learns when  they leave their funds in centralized exchanges.

Nobody will return the money, and even if you look at the history of such scams, it was always possible to return only a small part of the money. SBF is a clown who played his part and he is more likely to get a prison sentence. But in the USA there are different prisons, and in some the conditions are better than those of people outside. We need to see what prison he will be sent to after the court verdict.

[bbc.reporter]

@zasad@. Sam is found guilty of all charges.

In any case, Sam Tabasco was liquidated and retired on his yacht with more money held than all of the executives from Alameda and FTX. Caroline and Wang might get a slap on the wrist and a jackpot of cryptocoins held in hidden wallets. Sam goes to prison quietly for 110 years without Adderall and the politicians who laundered their money in FTX can relax hehe.

[zasad@]

https://crypto.news/lawyer-expects-around-20-years-of-jail-time-for-sam-bankman-fried/
Bankman-Fried could face 15 to 20 years of jail time
"If the jury convicts Bankman-Fried, the judge will be responsible for deciding the duration of his sentence, according to Lesperance. He says the sentencing will hinge on the specific charges for which he is found guilty and the relevant sentencing guidelines.

Furthermore, the judge will take into account the fact that Bankman-Fried has no prior criminal record. The sum of money involved in the alleged wrongdoings is another vital aspect that will be considered, Lesperance says.
“If the U.S. Justice Department feels that any U.S. politicians on either side of the aisle have committed either campaign finance violations or honest services fraud (i.e. a scheme to defraud another of the intangible right to honest services through a scheme to violate a fiduciary duty by bribery or kickbacks), then we might see future indictments.”

“In reality, with US federal charges he would serve only 85% of that time […] being to 12.75 to 17 years. Given that SBF is currently 31, he could be out in his mid to late 40s.”

David Lesperance, managing director at Lesperance & Associates told crypto.news. "

Whoever steals billions will serve a short term in prison.

[sokani]

Sam goes to prison quietly for 110 years without Adderall and the politicians who laundered their money in FTX can relax hehe.

The 110 years is the maximum sentence he could get for his crimes. I know he's certainly not going to be slammed with that number of years, but I wish he could get more that what Zasad wrote.

Since the trial has come to an end, they jury have found him guilty of the seven count charges leveled against him and they've also reached a verdict. My question is, why waiting until March 28, 2024 before passing a verdict against him? Why not do it now that the trial has just ended and the case is still fresh in the hearts of everyone?

[bbc.reporter]

@sokani. I have always assumed that the time between the verdict and the sentence for the defendant to be given time to make an appeal because what if the defendant is really innocent? I am not telling you that Sam Bankrupt-Fraud is innocent, however, there certainly are people who were wrongfully given the guilty verdict.

Another reason might be to give the defendant time to prepare. Similar to Sam, he will be going in for 110 years. I reckon it is fair to give him his time for preparation.

[zasad@]

Sam goes to prison quietly for 110 years without Adderall and the politicians who laundered their money in FTX can relax hehe.

The 110 years is the maximum sentence he could get for his crimes. I know he's certainly not going to be slammed with that number of years, but I wish he could get more that what Zasad wrote.

Since the trial has come to an end, they jury have found him guilty of the seven count charges leveled against him and they've also reached a verdict. My question is, why waiting until March 28, 2024 before passing a verdict against him? Why not do it now that the trial has just ended and the case is still fresh in the hearts of everyone?

You are asking the right question, but the answer is obvious, because there are people in politics who do not want SBF to go to prison, so the case will drag on. At the end of March 2024, new circumstances may again appear in the case and the trial will be postponed again. SBF rarely makes news anymore, and over time he will be forgotten.