Crime FTX founder and big DNC donor covertly tranfers billions of funds into trading company update: 25 year sentence

How....the fuck....
is he not in prison? Wasnt this bigger than maddoff?
Does it need to be posted on every page? He was based in the Bahamas which has very little protections for people who invest in imaginary token grifts. I'd be surprised if he ever sets foot in the USA again. Not sure what US laws he's broken in America but I'd imagine a civil suit in the least could be brought against him.
 
You're probably right, about facing penalties from biden's agencies. But I wouldn't be surprised if someone put a price on his head.

Yeah... he did rip off a lot of really rich people. If he had a strange sudden death, I would not be surprised.
 
Does it need to be posted on every page? He was based in the Bahamas which has very little protections for people who invest in imaginary token grifts. I'd be surprised if he ever sets foot in the USA again. Not sure what US laws he's broken in America but I'd imagine a civil suit in the least could be brought against him.

It will actually be a fairly major precedent set if they decide Crypto will be regulated as securities (and the SEC has declared that their intention).
In which case, since the celebrity endorsers they hired were actually given FTX stock, there's even a possibility the Celebrity shills will be on the hook for those endorsements in the lawsuit that's been brought against them.
Which would then open up the potential for youtube crypto bros to be similarly liable for the "projects" they've been involved with, endorsed and pulled the rug on.
It would certainly make SBF's actions fraudulent, since their terms clearly stated they weren't using customer deposits.
I think the US will eventually be able to pressure the Bahamas into giving this guy up, but because of the money involved (and hence lawyers) and the lack of current legal precedents, I'd expect a long journey.
 
It will actually be a fairly major precedent set if they actually decide Crypto will be regulated as securities (and the SEC has declared that their intention).
In which case, since the celebrity endorsers they hired were actually given FTX stock, there's even a possibility the Celebrity shills will be on the hook for those endorsements in the lawsuit that's been brought against them.
Which would then open up the potential for youtube crypto bros to be similarly liable for the "projects" they've been involved with, endorsed and pulled the rug on.
It would certainly make SBF's actions fraudulent, since their terms clearly stated they weren't using customer deposits.
I think the US will eventually be able to pressure the Bahamas into giving this guy up, but because of the money involved (and hence lawyers) and the lack of current legal precedents, I'd expect a long journey.
Years ago, Johnny Unitas was sued. He was the paid spokesperson for a mortgage company that went belly up.

But, the judge ruled in Unitas' favor because as a spokesperson, he wasn't privy to the real information within the sketchy company.

https://www.sun-sentinel.com/news/fl-xpm-1985-12-19-8502270817-story.html

I wonder if this case will be seen as precedent
 
https://www.forbes.com/sites/chasew...ls-to-forbes-just-months-ago/?sh=22f49a0b303d

https://www.wsj.com/articles/ftx-fo...ount-for-billions-sent-to-alameda-11670107659

With customers, investors and, potentially, law enforcement closing in, the fate of crypto wunderkind-turned-pariah Sam Bankman-Fried may rest on two key questions: What did he know about Alameda Research, and when did he know it?

SBF said he can't account for billions sent to Alameda. He says he had little insight into the trading firm even though he owned 90% of it.

How did this guy fool so many people?
 
https://www.forbes.com/sites/chasew...ls-to-forbes-just-months-ago/?sh=22f49a0b303d

https://www.wsj.com/articles/ftx-fo...ount-for-billions-sent-to-alameda-11670107659

With customers, investors and, potentially, law enforcement closing in, the fate of crypto wunderkind-turned-pariah Sam Bankman-Fried may rest on two key questions: What did he know about Alameda Research, and when did he know it?

SBF said he can't account for billions sent to Alameda. He says he had little insight into the trading firm even though he owned 90% of it.

How did this guy fool so many people?
People want to get rich quick
 
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