Prosecution to use Caroline Ellison notes as evidence against SBF

[panganib999]

I quickly looked at the list of charges against him and it seems that they are sufficient to imprison him for about 20 years. Given the rapid collapse of FTX, there is inevitably mismanagement and exploitation of clients' money. Therefore, accepting the charges and accepting about 10 years in prison is a logical option, especially since his age is still young and he has life. Although I hope that more details will be revealed so that we know how bad and random the management of the platforms is.

Don't be too optimistic about SBF's prison sentence, this is a financial crime and he's no Bernie Madoff so I don't think that he will be serving that long because there was some post back then that says that SBF was able to give gifts to some people on both the democratic and republican party of the US government which can only mean that SBF has probably secured some sort of contact that's going to help him big time in this trial. Regards to the diary, I'm not sure about it being a solid evidence but it can be argued that diaries are mostly consisting of truth so there's a possibility that it's going to hold up in court despite what other replies says.

[1714791611]

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[1714791611]

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[zasad@]

In this article I found the latest news about Sam Bankman-Fried's stay in prison:

What to know about Sam Bankman-Fried's time in jail
https://www.reuters.com/legal/what-we-know-about-sam-bankman-frieds-time-notorious-brooklyn-jail-2023-09-27/

This criminal case has a strong political connotation, which is why it is dragging on. There are also cases in prisons when a defendant does not live to see trial due to health problems.

[safar1980]

"Jurors reached a decision to convict on all seven counts in under five hours on Thursday, a judgment as surprisingly swift and decisive as the trial itself.
Bankman-Fried’s sentencing will take place March 28, 2024. He faces as much as 110 years in prison. The final sentence may be more like 25-50 years, but his deceptive testimony will do him no favors.
The government has until February 1 to decide whether to pursue a second trial for further charges, including campaign finance fraud and bribery."
https://protos.com/sam-bankman-frieds-trial-is-over-what-now/

[Majestic-milf]

"Jurors reached a decision to convict on all seven counts in under five hours on Thursday, a judgment as surprisingly swift and decisive as the trial itself.
Bankman-Fried’s sentencing will take place March 28, 2024. He faces as much as 110 years in prison. The final sentence may be more like 25-50 years, but his deceptive testimony will do him no favors.
The government has until February 1 to decide whether to pursue a second trial for further charges, including campaign finance fraud and bribery."
https://protos.com/sam-bankman-frieds-trial-is-over-what-now/

Further charges? Do you think they'd think it necessary seeing as he has that number of years to stay in prison? I'm just saying that considering how much he has caused his customers to lose funds, it won't matter if he gets to 50years or 25, give him 3 years in prison and everything is forgotten and those who lost may have moved on with their lives.

 I'm curious though, if he gets this amount of jail time as the principal culprit in this fraud case, what does our dear Carol get? Or has a plea helped to reduce the punishment?

[sokani]

Thank you @bbc.reporter and @zazad. It's just that they have been prolonging the case and I would really like to see it put to bed. I'm beginning to get tired of the whole drama, but lets see the appeal the defence counsel would come up with.

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.

SBF didn't just scam US citizens alone but users from all nooks and crannies of the world who had funds on FTX. The fact that he's a US citizen makes the case more interesting, and everyone wants to see the outcome and I'm hoping they would do the right thing.

[Majestic-milf]

SBF didn't just scam US citizens alone but users from all nooks and crannies of the world who had funds on FTX. The fact that he's a US citizen makes the case more interesting, and everyone wants to see the outcome and I'm hoping they would do the right thing.

It's not news of what he did to the public but I'm beginning to feel that although he was sentenced to a 100+ years in prison, there's also the possibility of him not getting up to that number of years according to what some legal expert believe, citing that federal sentencing guidelines are sky-high.
What I got here suggests he may spend that amount, citing the case of Bernie Madoff . When he eventually gets imprisoned, I know another case will come up to sweep his under the carpet. Maybe they'd only use it as a reference just as they've done with this Bernie Madoff person.

[zasad@]

Thank you @bbc.reporter and @zazad. It's just that they have been prolonging the case and I would really like to see it put to bed. I'm beginning to get tired of the whole drama, but lets see the appeal the defence counsel would come up with.

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.

SBF didn't just scam US citizens alone but users from all nooks and crannies of the world who had funds on FTX. The fact that he's a US citizen makes the case more interesting, and everyone wants to see the outcome and I'm hoping they would do the right thing.

SBF used money from clients of the FTX exchange to save its partner business and failed very badly.
And then we see posts like this
https://twitter.com/Travis_Kling/status/1721985690496291064
"Today marks the one year anniversary of the worst day of my career and one of the worst days of my life - the day FTX froze withdrawals."

If you watch the latest SBF movie, you will know why he wore those shorts

[Majestic-milf]

SBF used money from clients of the FTX exchange to save its partner business and failed very badly.
 

Personally I just feel he's not good at business administration because with the way he looted those funds and channeled them into Alameda, you'd think that he'd have something to fall back on when things go south, but it turned out that not even the donations he made to the US political campaigns or even the money in which he used in investing in real estate can be accounted for. Seriously, he deserves the time he'd be given to spend in jail cause when you think of how many customers funds; most of them hard earned that just went down the drain, you would even wish the judge sped up the process.

[zasad@]

SBF used money from clients of the FTX exchange to save its partner business and failed very badly.
 

Personally I just feel he's not good at business administration because with the way he looted those funds and channeled them into Alameda, you'd think that he'd have something to fall back on when things go south, but it turned out that not even the donations he made to the US political campaigns or even the money in which he used in investing in real estate can be accounted for. Seriously, he deserves the time he'd be given to spend in jail cause when you think of how many customers funds; most of them hard earned that just went down the drain, you would even wish the judge sped up the process.

A smart investor will never store, trade, or invest money on one exchange.
The risks of centralized exchanges have long been known to everyone.
And his investments in real estate are not that big when compared to the total losses of investors. Investors may receive part of the money after the sale of real estate.
I think the worst thing is to be awaiting punishment.