Sam Bankman-Fried

[Gomez Adams]

Tough call on whether to put that here or on the Deserved thread.

 

[Zeedox]

It's got an SBF so...

 

[Zeedox]

https://www.cnn.com/2023/08/11/business/sam-bankman-fried-bail-hearing/index.html

Judge Kaplan on Friday sided with prosecutors’ claim that Bankman-Fried was “covering his tracks” when he allegedly leaked Ellison’s personal documents to the New York Times by allowing a reporter to review them in-person. Kaplan added that leaking an ex-girlfriend’s intimate writings would only be done “to hurt, discredit and frighten the subject of the material.”

 

[Gomez Adams]

Was just coming to post. He is back in jail now until his trial.

What a fucking idiot. He is going to prison for a long, long time.

 

[Zeedox]

FTX sues Sam Bankman-Fried's parents, aims to claw back some of the $26 million in gifts and property

Bankrupt crypto exchange FTX is looking to claw back luxury property and millions of dollars in "misappropriated funds" from the parents of Sam Bankman-Fried.

www.cnbc.com

The lawsuit, which was filed in the U.S. Bankruptcy Court for the District of Delaware, goes on to claim that “despite knowing or blatantly ignoring that the FTX Group was insolvent or on the brink of insolvency,” Bankman and Fried discussed with their son the transfer of a $10 million cash gift and a $16.4 million luxury property in the Bahamas.

The suit alleges that as early as 2019, Sam’s father also directly participated in efforts to cover up a whistleblower complaint that threatened to “expose the FTX Group as a house of cards.” The filing also details emails written by Bankman in which he complained to the FTX U.S. Head of Administration that his annual salary was $200,000, when he was “supposed to be getting $1M/yr.”

I believe you first suggest mommy and daddy were involved at arms length.

 

[Gomez Adams]

Actually, I always thought they were neck deep in it.

I'm willing to bet this isn't the last we'll hear of their involvement.

 

[Gomez Adams]

It took 4.5 hours to find him guilty.

https://www.cnn.com/2023/11/02/business/ftx-sbf-fraud-trial-verdict/index.html

Sam Bankman-Fried was found guilty for his role in the collapse of crypto exchange FTX.​

​

After 15 days of testimony and about four and a half hours of deliberations, jurors returned a verdict that found him guilty on seven counts of fraud and conspiracy.​

​

It's staggering. 15 days and 4 hours to determine 8 billion dollars worth of guilt.

 

[Zeedox]

Less then half a billion a day...not bad lol

 

[Gomez Adams]

So nearly 5 months later, he finally got sentenced. He got 25 years. Prosecutors had been asking for 40 to 50 years.

Live updates: Sam Bankman-Fried sentenced to 25 years in prison

Sam Bankman-Fried returns to Manhattan federal court Thursday for sentencing that could land him in prison for the next half-century. Follow here for the latest live news updates.

www.cnn.com

 

[Zeedox]

Was just coming to post!

 

[Gomez Adams]

His girlfriend and co-founder got off with 2 years.

https://www.cnn.com/2024/09/24/business/caroline-ellison-sentencing-nightcap/index.html

 

[Zeedox]

She apparently cooperated right from the begining and with no changes to any testimony throughout.