|
lol you'd think they'd be getting fired from their jobs at a loving high-end law school for such an egregious failure of judgement but they're probably just getting a fuckin book deal from the school's publishing house about how hard it was to learn their special perfect savior of a failson is an unrepentant felon
|
#
?
Nov 3, 2023 17:16
|
|
|
|
| # ? Jun 7, 2024 21:28 |
|
|
Beeftweeter posted:it could be related to specific acts not covered in this trial. although considering his now-prior conviction i wouldn't be surprised if they drop it just to streamline the case somewhat Right, a lot of them do duplicate. Is it ever worth trying him for them anyway to set some sort of basic precedence? Trial He was found gulty: Convicted of: wire fraud and conspiracy to commit wire fraud against FTX customers and against Alameda Research lenders, conspiracy to commit securities fraud and conspiracy to commit commodities fraud against FTX investors, and conspiracy to commit money laundering. New trial: Bribery conspiracy, bank fraud conspiracy, derivatives fraud, securities fraud, and conspiracy to operate an unlicensed money transmitting business are the charges for the second trial So +Bribery, bank fraud, derivatives, money transmittal, -wirefraud, commodities fraud, money laundering I'm don't know so I'm guessing here : commodities fraud and derivatives fraud are separate?
|
|
#
?
Nov 3, 2023 17:17
|
|
|
it seems like being a law professor and having your child be one of the biggest criminals in history should mean something. like being a physics professor and your kid invents the nuclear bomb.
|
|
#
?
Nov 3, 2023 17:18
|
|
|
fins posted:buttcoin: guilty, guilty, guilty, guilty, guilty, guilty, guilty, both.
|
|
#
?
Nov 3, 2023 17:23
|
|
|
Carthag Tuek posted:anyone say guiltcoin yet? how bout "guillocoin"
|
|
#
?
Nov 3, 2023 17:23
|
|
|
this is late period francisco goya, after experiencing the horrors of sbf testifying for three days
|
|
#
?
Nov 3, 2023 17:24
|
|
|
sbf never makes it to his sentencing, after 4 days of inane testimony he was found dead, beaten by a stenograph machine
|
|
#
?
Nov 3, 2023 17:27
|
|
|
kw0134 posted:this is late period francisco goya, after experiencing the horrors of sbf testifying for three days cronus & rhea listening to their son
|
|
#
?
Nov 3, 2023 17:33
|
|
|
edvard munch's much-awaited followup to the scream: the scam
|
|
#
?
Nov 3, 2023 17:34
|
|
|
notwithoutmyanus posted:Right, a lot of them do duplicate. Is it ever worth trying him for them anyway to set some sort of basic precedence? oh absolutely, i didn't realize this trial only dealt with conspiracy charges. basically then this one was to determine FTX as operating a criminal scheme. it only turned into a trial of SBF because all of his other co-conspirators pleaded out since this trial also had the effect of basically casting the blame for FTX's direction squarely on sam, they'll almost certainly charge him with the subsequent violations. while i don't know the details of their plea agreements i'd bet his co-conspirators had made a condition of pleading guilty to conspiracy that they wouldn't be tried for the actual violations — not so for sam but yes, derivatives, commodities and securities fraud are all separate crimes all dealing with similar but distinct concepts. the government is alleging violations of all of them, and most likely can prove them, but i'm not sure they've tried all of those in a crypto context before, which would definitely have value in setting precedent either way (with a conviction or even an unlikely acquittal). wire fraud and unlicensed money transmittance are things i know they've definitely tried and secured convictions for in the crypto space though. so while that might not be strictly necessary it's still a relatively new area of regulation for them and they will probably want to beef up precedent in what constitutes a violation again i'm not an expert in this though, and i definitely don't know the history of the whole volume of crypto-related prosecutions or what the SDNY is thinking internally etc etc. but i hope it answers your questions at least a little
|
|
#
?
Nov 3, 2023 17:36
|
|
|
Shame Boy posted:i guess to be fair he had the most experience with killing people and was the most qualified for the job “I love escaping prisoners; I keep goin’ to prison for shooting’ folks, they keep giving me a gun.” —-Matthew McConaughey voice over
|
|
#
?
Nov 3, 2023 17:38
|
|
|
Beeftweeter posted:oh absolutely, i didn't realize this trial only dealt with conspiracy charges. basically then this one was to determine FTX as operating a criminal scheme. it only turned into a trial of SBF because all of his other co-conspirators pleaded out after the precedent set by sam in the future a lawyer need only refer to the many trials of sam bankman fried to get a near 100% conviction rate
|
|
#
?
Nov 3, 2023 17:40
|
|
|
Beeftweeter posted:is it still "the greater good" if you define "the maximum amount of people" as being "the bankman-fried family"? They’ve definitely provided the maximal amount of LOLs, to be fair
|
|
#
?
Nov 3, 2023 17:41
|
|
|
notwithoutmyanus posted:bank fraud Sam Bank-Fraud
|
|
#
?
Nov 3, 2023 17:44
|
|
|
Trillhouse posted:it seems like being a law professor and having your child be one of the biggest criminals in history should mean something. like being a physics professor and your kid invents the nuclear bomb.
|
|
#
?
Nov 3, 2023 17:46
|
|
|
Blotto_Otter posted:not just a law professor, but a specifically a law professor renowned as an expert in business ethics perhaps sam was born inculpably but was bitten by a radioactive crime spider
|
|
#
?
Nov 3, 2023 17:50
|
|
|
Beeftweeter posted:since this trial also had the effect of basically casting the blame for FTX's direction squarely on sam, they'll almost certainly charge him with the subsequent violations. while i don't know the details of their plea agreements i'd bet his co-conspirators had made a condition of pleading guilty to conspiracy that they wouldn't be tried for the actual violations — not so for sam iirc yeah, the plea deals have a promise of not prosecuting further crimes (i think possibly with the exception of tax crimes?). and that's about it, they plead guilty and the prosecutors will write the sentencing judge a nice note saying that they're very good girls and boys for cooperating, and then they won't go after them for some of the other stuff.
|
|
#
?
Nov 3, 2023 17:51
|
|
|
lol it looks like blameless sam may have bankrupted his parents https://twitter.com/ZacBissonnette/status/1720231865745912282 seems more "might as well spend it on his defense because it will clawed back by the ftx receivers otherwise" but still: lol
|
|
#
?
Nov 3, 2023 18:03
|
|
|
Blotto_Otter posted:not just a law professor, but a specifically a law professor renowned as an expert in business ethics married to another law professor who was an expert in regulatory compliance
|
|
#
?
Nov 3, 2023 18:04
|
|
|
knox_harrington posted:sam bankman-incarcerated um excuse me, i already minted this joke on the laffchain like 2 days ago. unless someone else already did before that.
|
|
#
?
Nov 3, 2023 18:04
|
|
|
ellie the beep posted:married to another law professor who was an expert in regulatory compliance that's some training day poo poo what the gently caress lmao
|
|
#
?
Nov 3, 2023 18:07
|
|
|
Hammerite posted:um excuse me, i already minted this joke on the laffchain like 2 days ago. unless someone else already did before that. it seems this particular lol was funged
|
|
#
?
Nov 3, 2023 18:13
|
|
|
Normally, I would be confident in saying they were definitely upset but this are SBF's parents we're talking about so the appeared fits.
|
|
#
?
Nov 3, 2023 18:13
|
|
|
Iirc the 2nd set of charges are ones that were not part of the bahamas extradition treaty so they separated them out to avoid any potential issues
|
|
#
?
Nov 3, 2023 18:25
|
|
|
sam will be tried for crimes in every country on the globe
|
|
#
?
Nov 3, 2023 18:28
|
|
|
FMguru posted:lol it looks like blameless sam may have bankrupted his parents i would imagine that the jury went into the meeting room, went through the voting procedure very quickly, then went "so, that was fast. anyone hungry? might as well have dinner on the court's dime. bailiff! we're, uh, deliberating very hard and are going to need chinese food to keep up our strength"
|
|
#
?
Nov 3, 2023 18:35
|
|
|
i keep wondering: why are "securities fraud" and "derivatives fraud" two different charges? i'd assume the latter would be folded into the former unless they're talking about his dogshit use of mathematics to justify whatever bullshit he already believes, in which case fair enough
|
|
#
?
Nov 3, 2023 18:36
|
|
|
Deep Dish Fuckfest posted:i keep wondering: why are "securities fraud" and "derivatives fraud" two different charges? i'd assume the latter would be folded into the former
|
|
#
?
Nov 3, 2023 18:40
|
|
|
"did we raise a drug addicted sociopath with the core beliefs that the only thing that matters in life is getting ahead at all costs and that failure will not be tolerated? no, it's the system that's wrong"
|
|
#
?
Nov 3, 2023 18:40
|
|
|
sbf: hfsp (have fun staying in prison)
|
|
#
?
Nov 3, 2023 18:41
|
|
|
FMguru posted:lol it looks like blameless sam may have bankrupted his parents they should ask for a refund. i think any criminal defense attorney could have done a similar job, and the expert witnesses they called were jokes.
|
|
#
?
Nov 3, 2023 18:43
|
|
|
The_Franz posted:"did we raise a drug addicted sociopath with the core beliefs that the only thing that matters in life is getting ahead at all costs and that failure will not be tolerated? no, it's the system that's wrong" it's shitposter objectivism, all the rand psychosis with a veneer of "once I'm rich as poo poo I'll donate it I swear"
|
|
#
?
Nov 3, 2023 18:45
|
|
|
tasukiscool posted:sbf: hfsp (have fun staying in prison) New thread title
|
|
#
?
Nov 3, 2023 18:51
|
|
|
The_Franz posted:"did we raise a drug addicted sociopath with the core beliefs that the only thing that matters in life is getting ahead at all costs and that failure will not be tolerated? no, it's the system that's wrong" "Did we raise a nootropics-enhanced realist with effective altruist beliefs? " you mean
|
|
#
?
Nov 3, 2023 18:53
|
|
|
FMguru posted:probably something like the poo poo he pulled with ftx was securities fraud while the poo poo he pulled with alameda was derivatives fraud or vice versa. different kinds of entities regulated by different parts of the federal code probably. i guess i'm just surprised that there's rules specific to derivatives instead of securities provisions being broad enough to apply to that too
|
|
#
?
Nov 3, 2023 18:58
|
|
|
Trillhouse posted:they should ask for a refund. i think any criminal defense attorney could have done a similar job i'm not so sure. the first ones sam hired ended up dumping him when he wouldn't listen to their advice of SHUTTING THE gently caress UP, so there's clearly some challenge involved here. not shooting yourself, not showing up to court visibly drunk, not strangling sam, etc...
|
|
#
?
Nov 3, 2023 18:58
|
|
|
knox_harrington posted:it seems this particular lol was funged drat. I need to start investing* my laffs into NFJs * investing may take the form of throwing the laffs in a heap and lighting them on fire
|
|
#
?
Nov 3, 2023 19:03
|
|
|
Deep Dish Fuckfest posted:probably. i guess i'm just surprised that there's rules specific to derivatives instead of securities provisions being broad enough to apply to that too This part I do understand, from a crypto perspective. Basically: securities = token sales, etc. Derivatives (and I'm guessing also commodities) = things more likely pertaining to leverage/margin/futures trading related. I just don't know which one for each. In fact I may be wrong on this, but it could be that Margin is the derivatives portion and commodities is the Futures portion, but it could also be that FTX tried to tokenize stock tickers/made their own poo poo they basically called ETF's and Indexes (Shitcoin index, notably) and synthetically trade them. Or it could have been the funding rates (long/short funding rates), but I would doubt it is the dividends from the tokens nor airdrops as that probably falls under securities. notwithoutmyanus fucked around with this message at 19:15 on Nov 3, 2023 |
|
#
?
Nov 3, 2023 19:12
|
|
|
neutral milf hotel posted:anyone remember that one buttcoin dude from a decade ago who was jailed for a short while for fraud and then came up with mackeral blockchain using literal tins of fish in prison? I think that was roger ver
|
|
#
?
Nov 3, 2023 19:16
|
|
|
|
| # ? Jun 7, 2024 21:28 |
|
|
Deep Dish Fuckfest posted:probably. i guess i'm just surprised that there's rules specific to derivatives instead of securities provisions being broad enough to apply to that too even though they are both financial instruments with a lot of overlap securities and commodities are regulated differently by different agencies e.g. https://www.law.cornell.edu/uscode/text/7/6
|
|
#
?
Nov 3, 2023 19:19
|
|