FTX founder Sam-Bankman Fried found guilty of fraud, conspiracy | LiveNOW from FOX
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- Опубліковано 1 лис 2023
- FTX founder Sam Bankman-Fried has been found guilty on all charges related to the collapse of his now-bankrupt cryptocurrency exchange in the first of two criminal trials against the former CEO.
Bankman-Fried was found guilty of seven charges: Two counts of wire fraud and five conspiracy counts. The charges combined amount to a maximum sentence of 115 years behind bars.
LiveNOW's Andrew Craft spoke about SBF's guilty verdict with attorney Andrew Cherkasky.
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![Should We Admire Sam Bankman-Fried and FTX? - Michael Lewis [Part II] | Intelligence Squared](http://i.ytimg.com/vi/0ADdzHCGjCI/mqdefault.jpg)
SBF’s parents should be prosecuted next. Hard to believe they weren’t aware of the fraud when a Bahamas mansion was in their name.
His parents were definitely in on it. Both of them need greater scrutiny.
What are u bag holder losers spatting. They knew nothing SBf was ceo of a profitable company. Of course he was gonna be able to afford a mansion
And they go to the same jail. They will have to lawyer up. Because if there as dumb as their son as lawyers GONSKY😊😊😊😊😊
Nah the politicians all need to refund the money they got from sbf
Agreed
The bankruptcy proceeding really needs to clamp down on SBF's parents who benefited a lot from the embezzlement. IRS also needs to get involved.
Disgorgement all around. Including the political contributions.
There’s already a law suit against them. I think it’s probably civil to recoup the money and the property. They have not file criminal charges. Maybe after
@dimebagvision3221 they benefited from the fraud I don't think they can be incarcerated but any property or cash they received that can be shown to come from the fraud will be seized and sold to pay back the victims.
Sorry those 87,000 new agents will be too busy focusing on regular Americans……
@@8fconsulting147 if there's a very big potential return for their efforts, I think it's almost certain IRS will get involved
They should take a closer look at his father who was close to the operations. His parents got a $10million cash gift and multi million house in the Bahamas.
The bankruptcy lawyers should clawback those "gifted" funds ASAP
Cell next to his degenerate son. Animals
Parents as guilty
His mom is an ethics professor. 😂
And she took the money
Highly doubt she'd have known how dirty it was. Poor lady, her son just extinguished her entire career's credibility.
@@DougieBarclaynaiveté
Is he their only child? Shoot! No grandchildren
What about his accomplices in congress?
Oh, them, they will find a new scapegoat to continue their day light robbery.
How many times are people in so many walks of life going to be so sure that immense sudden wealth must be a sign of genius rather than mendacity?
The way traditional and social media drooled over him was reprehensible.
Welcome to the modern world.
The accumulation of wealth was not illegal it was the maintaining of wealth. He got greedy. Easy come easy go.
I had to look up mendacity.😆All of them to jail.
Just horrible how they ruined this poor man just because he was a genius. SBF will live to fight another day! We ALL support you SBF!
@dimebagvision3221smoke more crack
SBF is probably still in shock at how little time; 4.5 hours, it took the jury to return a guilty plea. Prob thinks it would have been better NOT to cut his hair before testifying. I'm sure his parents have a LOT to celebrate tonite what with the mother being an 'Ethics' professor at Stanford (retired now - in disgrace). Not much to celebrate this Thanksgiving at the Bank Fried household, but they will probably celebrate in their new condo in Panama. Or where ever his dad hid the rest of the money that was embezzled by their son.
Based take
It should have take max 15 min or actually the exact time it takes to write it down.
SBF tried to act like a dementia patient when the prosecutor had his questions, but Scam Sam had a crystal clear memory at least 10 years back when his defense lawyer asked the softball questions.
The pathetic media tour he did wasn’t the most intelligent move…
The reason it took 4.5 hours was that the jury ordered lobster for their last meal !
@@peterinoz4502 I heard Sam Bankman-Fried offer to pay for those lobsters but the Uber driver don't accept cryptos, so the Jury finish their deliberation early so they can cross the street to McDonalds.
I heard they just waiting for takeout
I bet there's a whole lot of con artists out there who idolized this guy, I hope this sends them all a good clear message!
That lesson will be "damn, he did it wrong, I'd do it different." He was crowing about it, not flying under the radar. He was the pig that didn't fly straight. Didn't he ever watch Scarface? He also set up shop somewhere outside of New York or DC, where he could stay close to the kind of people who would have the power to keep his felonious ass out of prison.
They are all studying, "How to start your own crypto exchange in 10 days."
@@bengaltiger96 slobs talking
@@gtd637 and straight up republicans as well lol
It won't. WorldCom, Enron, Javice, Holmes didn't.
Imagine born with rich parents and you will only ended up in jail for life! SMFH!
Falling for people like Sam Bankman-Fried is one of the dangers of trading with expert or professional guidance.
I am sorry to all the victims and happy justice is served!
Due to the recent happenings in the market, one should be very careful on the expert or professional he or she works with. I have been in touch with a financial advisor. With an initial starting reserve of $80k, my advisor chooses the entry and exit commands for my portfolio, which has grown to approximately $550k in few weeks
How do i go about contacting a good broker that will help me invest?
My consultant is NICOLE DESIREE SIMON She has since provide entry and exit points on the securities I focus on. You can look her up online if you care for supervision.
She actually appears to be well-read and educated. I just did a Google search for her name and found her webpage, I appreciate you sharing
Is this the MIT graduate who didn’t know how to balance his own checkbook?
Or maybe the face you will find in wiki when searching for narcissistic persons, side to side with Trump.
these days you don't have to, as long as you use your pronouns correctly..
My family lost THOUSANDS to this corrupt family, finally... justice is served.
To be fair, you lost thousands of your dollars the day you bought fake money with real money. This is your way of passing blame for your mistakes.
No. Mother and father need life in prison.
@@rcstricklin
BTC still has value. What I'm guessing the OP might be referring to is when the holding company folded and everyone lost whatever money they had there.
shame your family was foolish enough to fall for such a obvious scam.
oh well, some people are blind even with open eyes.
@@str8jazWrong. It doesn't have any value. It's just a means of speculation. You could replace each Bitcoin with a cow pie and it would have more intrinsic value, because at least a cow pie can be used as fertilizer.
He needs to be made an example out of ! Give him 115 years !
115 years without paroll
@zensupplies8248 most likely he'll get around the sentence jordan belfort got
His legal name is now Scam Bankrupt Fraud
Parents should join him in prison.
And now the parents please!
Greed is a disease!!!!
And we all thought Bernie Madoff was the worst! Sam Bankman-Fried, is like hold my beer!!
Bernie Madoff stole like 65 billion and sbf stole 8.
But all of the politicians still get to keep all of the money that they received...
That’s of course nothing they will focus on. Neither will they care about Scam Sams parents that was deeply involved in the scam. Anyone heard about Epsteins clients? 🤔
Some return it, like Stanford University, they got 5 millions.
@@mariapilarme Really?! I’m glad to hear that. Maybe other could follow.
@@mariapilarme Stanford University is more of an institution than a politician, but that is still good to hear.
Brought to you by the one and only Coffeezilla. Without him fox and nbc would still be singing praise about sam bankman-fried
CoffeeZilla does great work!!
crypto critics corner too.
There’s only one OG! 😂👌👊
Wonderful CoffeeZilla
What ?
MIT Genius in jail. Now for his Stanford Parents to face the same. They're guilty as well.
Don’t worry, Sam. Those 110-115 years will fly by.
Let Sam Bankman Fry!
Seriously, glad justice was served in this case.
Just horrible how they ruined this poor man just because he was a genius. SBF will live to fight another day! We ALL support you SBF!
@@michael-4k4000🤔 you must be joking
bubba will love him in that prison bunk for the next 50 years when he dies behind bars at 70. geniuses don't get caught, bc they're actually smart. he's no genius and you arent either. @@michael-4k4000
@@ArsenalGunners89 no joke here honey bear. Bankman was a pure genius that comes along maybe once in every 100 years or so.,
Politicians need to refund the money from sbf expeditiously
Hahaha😂. Give it back!
But they won't of course, they headed for the hills, long time ago.
*democrats. Solely all super left leaning dems got the money..... including one from my state who got $80,000 in stolen funds to use for her campaign in which she won and now she's in DC.
They won't that's why they're called politicians
The SEC as well
Guess being sorry didn't help with his legal problems.
Do you think an apology is the best you can do? Come on. It's Christmas.
He was genuinely sorry he was caught
@@GTMarmot LOL! Yes he was ahahaha!
@@GTMarmot Sorry, Sam. So many were pulling for you to make 'em rich. Now, a statement of love for self ("I'm sorry?"), You are "sorry," Sam. Ultimately, openly acknowledging your grief is bound to assist you in traveling a long way, knowing that you will be without internet access forever. If there's ever a next time for you, never make lengthy statements without a lawyer. Didn't your parents teach you this fundamental lesson? What lousy parents
Gary Gensler needs to be investigated as well.
His parents need to be taken care of now. If not prison, bankrupt them and let both of them be fired from Stanford.
well done jurors. it was never in question. next up - Alex Mashinsky
Next up are his parents who got at least $10M as a gift and their $16M condo in the Bahamas. And whatever other funds they accepted that have not been tracked down yet.
Mashinsky needs to be behind bars for 115 years too. He's equally bad as SBF
Well guess I have to google Alex mashinsky
Scam Sams parents had an active role in this so they should be next.
All around the worlds crypto fanboys have a hard time when realizing they should get a work just like everybody else. 😂
next up should be Jamie Dimon
He is not going to live out a prison sentence. There is a good chance that some of the money was Mob or drug cartel money.
When you steal money from everybody, then the shiv could come from anybody.
Mob doesn't exist anymore buddy.
@@AshleySmyth1212 something someone from the Mob would say
We can always hope. He maybe gets Epsteined…
@@stefanjohansson2373 i think (perversly hope), he will disappear from custody and become a mission impossible supervillian with the billions he has stashed around the world.
he really thought he was gonna get away with this leaving so many traces of evidence behind😂
SBF’s entire defence was “duh…I don’t remember”. How did it even take as long as 6 hours to convict him?
This is what happens when you grow up never held accountable for your actions, always getting a trophy for nothing, thinking you are the smartest person in the room, and surrounding yourself with ‘yes’ people personally and professionally.
The same upbringing of Boris Johnson
Sammy will help his fellow prisoners build ponzi schemes in the slammer.
well this or you get elected as president of the USA
Like Hunter.
@@davidhynes , Yes, like Hunter, the scumbag son of a bigger lower scumbag old guy called Joe.
Greed gets you no where in life.
Great job to the jury, hope the judge gives adequate punishment
Justice served!!!
he will freed by a politician he gave money to
Most beautiful words spoken** music to our ears
So very noble and honorable businessmen Madoff and Sam Bankman-Fried. Very proud of American people supporting the Fed and Wall Street Big Banks.
Exactly, Madoff and Sam are peanut criminals compared to the Fed and wall street
All the celebrities, including UA-cam creators, who shilled for FTX should take public accountability for what they did. It continues, with sponsorship scams like Established Titles, Masterworks, cheap overpriced knives, the list goes on. FTX was just the biggest.
Most of these people didn't have a clue what they were talking about, Sam just paid them. They are true dirtbags. Kevin 'Leary, Larry David, ect ect
The many celebrities involved in pushing FTX should be investigated too. Some, like Kevin O'Leary probably knew what was going on too.
where's kevin o'leary???? He must say something... after all , he is the shinning knight defender of SBF
For those parents of his to allow their son to take the fall for all these crimes is beyond comprehension! He was not alone and make no mistake he had help from them! They all knew & should be equally held accountable! Disgraceful!
Bet a few 💰 is in a Swiss 🏦
He can openly say WHO helped him! But he is COWARD and CRIMINAL ! It’s PROVEN in the court !
Not too sure about that. If they benefitted from Sam's wrong doings, I'm not sure they are accountable. I'm not a lawyer.
You say that like Sam is a young adult fresh out of college while his parents orchestrated it.
SBF is over 30 and knew exactly what he was doing and that it was fraud.
It's obvious there was no fraud. He was yield farming. The whole narrative was made up by the media and it even got him convicted.
YES! Of course he is. Lock his ass up now for a long time.
He will be sentenced to 36 months of house arrest in his beachfront $10 Million dollar condo with full staff. Oh the humanity.
That FoxNews reporter on the left looks like he's in his mid 40's saying he's as young as Sam Bankman-Fried being 31 is hilarious.
I am a anthropologist , and it's because people with retardation don't age like normal people do
I wonder if he still has this eternal smirk on his f!%king face.
Surprised it took them so long to bring out the verdict
Super comment... full of the biting satire I just love
Honestly, they probably wanted to have one final dinner together before they all parted ways, so they just ordered take-out and chowed down for a few hours while all agreeing he was guilty of everything.
This is a step in the right direction, let's have the Biden's next. We'll be on a roll after that.
AMazing how fraud charges get more time then murder. Whats wrong with this country!
Let this be a lesson to wannabe fraudsters.
Exactly
Interesting that the alternative money trader gets jail, but the traditional bankers got away with it in 2008.
Very true.
And the public bailed them out.
Of course! He robbed the rich, the “traditional” bankers robbed the poor, hence different outcomes.
Innocent!! He didn’t mean to fraud us. 💯
Needs to get 1000yrs plus 5000yrs
I remember all the politicians taking photos with him in the capital building. Maxine Waters said he was a genius. 😜🤣😂
To maxine waters a horsefly is a genius, i mean look at her- give her a big red shiny ball and that'll keep her busy for hours
Excellent reporting!
Can you imagine no internet for him? No gaming, no porn, no junk food. Worse than hell
Maybe he’ll be sent to a prison that doesn’t already have those “perks”. Hmm,can’t think of any..
5 Years Probation. Can't trade Crypto.
He guaranteed a conviction with all the interviews he did after the collapse of FTX. This is why any lawyer worth a damn will tell you to keep your mouth shut. You do not help the prosecution build their case against you.
It seemed like the defense was walking a very thin tightrope - the lawyers maneuvering around technical details and SBF trying to walk gingerly through his version of the truth, but with a healthy dose of forgetfulness.
The media should too be on trial for marketing this criminal as a Golden boy. Forbes, Times, Newsweek all of 'em
His parents must be so proud. They were responsible for his outcome, especially his mom, the devil.
Scam Sam payed them well so they will live happily every day after in their mansion he bought them.
Amazing his mother is an ethics teacher. They truly thought they were entitled privilege and connected people. They were all delusional!
@@mariapilarme A lot of their friends probably behave in the same way and live the same lifestyle without the risk of getting caught. When you reach a certain level you can pay everything to disappear. Scam Sam tried to buy his influence and friends before running for president! 😂
I wonder if the mother believed in outperforming the "human males," which led to her losing her mind out of jealousy, while the husband found himself paralyzed, too mesmerized by the oncoming car lights. In too deep!
@@jcjcviewsseek help dude! 😂
Outstanding!!!! Give him one year for everyone he cheated with no consecutively served time and no time off for good behavior!! Also no home confinement!!!! 🇺🇸
Everyone getting their money back by the way.
@@NickKautz Sure they are !!!
It's simple as a google search. Or ask Bard.@@chadmcginney1600
He knew this was going to happen. This was all a delay tactic. He got to live at home for months.
Shut up partook
One of FTX customers is claiming that FTX "reimbursed" them with counterfeit cryptocurrency (,not on the block chain) and when FYX was called out, they illegally accessed the customer's account and withdrew the fake coins. Attorney Dan Friedberg is in on it and should be charged with criminal conspiracy.
Wow!
Wow!
People have been getting reimbursed? I thought it wasn't until next year
SBF must have ripped off rich folks.
His mother must be a very special Ethics Professor
Good. Whats probability he goes to a "regular jail" vs a Club Feb white collar prison where they golf all day? Lol
regardless of location he will meet up with a FTX investor.
What about Hunter ?
Will forgetful Sam remember he’s guilty when he wakes up tomorrow?
My jealous sister
That persona of an ingenuous nerd didn't ring true for Sam. It is reassuring that these fraudsters don't get away it. He will have some time now (20 - 100 years) to ruminate over his high life in the calaboose.
He's not going to jail. To many politicians involved
Of course he will, otherwise the politicians will. Now everyone will act like they don’t know him since everyone from Scam Sams parents to the politicians really hope there won’t be any more investigations. Scam Sam wasn’t the only one who should get life.
The donations should be payed back to the victims, but the chance that the politicians accept that is zero.
😂😂😂 you’re absolutely right the Clintons and the Democrat party are involved in this I believe that they started the whole thing it was planned to give a lot of money for the last election to the Democrat party. He gave 20 million to Joe Biden you don’t just give money to politicians for nothing
He should have cooperated / snitched and only served 6 years.
20 years- 10 years snitch - 1.5 good time - 6 mo halfway house - 1 year rdap - 1 year fsa credit.
It was so short. When I was getting ready with the popcorn, I remembered the OJ trial. Now, what am I going to do? It may not be too late to return the new lounge chair.
Is SBF parents the next court case? 🤔
Okay good.
I’m more interested in what he’s Actually Sentenced to.
Will the Sentences run Consecutive or Concurrent?
He’ll likely serve a lengthy sentence. Remember what they did to Madoff
omg, I wish You Tube had recommended this channel to me long ago~! Especially regarding this trial, but now I am going to go back and see if Andrew Craft or Andrew Cherkasky, either one ever reported on the Murdaugh trials. Love this detailed, straight-laced, unemotional reporting from you guys compared to {almost} everybody else covering this thing. Andrew Crafts face querying the potential defense of "a hapless guy stumbling into this chaos" is simply priceless in its authenticity. Thanks, guys~!!
I always thought that this was a scam anyway
Life basically, he won’t do well in prison, he’s been in a detention center since August, word is that prison is a much different , harsher environment. From a Billionaire lifestyle to a cement cell with bars for probably the rest of his life. Mind boggling.
Bummer
Do the recipients of donations still have that money? Do they have any incentive to try to pull strings? Or do they cut him off
A lot of them returned the money. No politician is going to waste news cycles trying to bail him out and lose their public confidence.
Even the most corrupt politicians are going to play it smart and let him stay put.
"A Fool and his money are soon parted". Millions have been lost in Crypto. Great store of value.
and that little witch needs to go to jail as well
And karma from the universe , actually worked today.
He is not a good candidate to survive prison. His parents must now pay the piper! And they need to find Sam’s hidden wallets with a missing couple BILLION!
Got me teary eyed. I have a autistic son.
Me to but he is not a fraudster
Yes I had this thought. Young men shouldn't be able to have responsibility like this on their own. The errors are somewhat society's
😢
Mommy and Daddy still think he is innocent. The legal ethics expert who benefited from her son's business!!!!!!!! USA is amazing!
Out of all the campaign donations Don't tell me he forgot the Judge ....LOL
About time that justice is done, would be nice if politicians would be held to the same account
Well Sammy..better get yer rents to buy a few boxes of KY Lube soon..gonna need it in the big house 😮😆
Ya his hair will be a good handle as he gets "aquainted" with his cell mates
It would be interesting to know how much his parents have to pay for his protection in jail right now.
Good, was a slam dunk. Now go after the parents, they are involved too!
Considering the amount of money involved, he's probably safer in prison.
Sam-Bankman experienced a short-luxurious lifestyle and is now likely to go from rich lifestyles to the extreme of prison life, where food is bland and already rotten. I hope he knows self-defense because he will be picked on, every week there are prison fights and forced acts that are uncomfortable. Inmates have HIV and there are no condoms available, they are contraband. Sam-Bankman will lose all his assets due to litigation and liens. What a life!
He won't be going to that sort of prison with the regular scumbags, sorry to spoil it for you
@@xavierayayaell546 all prisons are hell
His parents must be
jailed as well.
Now we need to go for Ken Griffin at Citadel!
Also found ugly.
😂😂😂 Lol for real
Dude. is. screwed. Now get the money bank to all the users! Hella people lost everything, especially folks outside of the US...
Animal. No non slip soap for him.
He doesn't have the money all the democrats wound up with it somehow.
I expect the ADL to come running to this criminal's defense.
The Great MIT has its first convicted Felon.
ahahahaha, bahahahahahahahaha, yessssss.
Based on the WorldCom and Enron exec precedents he will get 20-25 years.
What about Madoff? He would have had to live to age 198 just to be eligible for parole.
@@edgarcayce2.02 I'd need to do the math but he saw off $20bn in cash and $60bn in paper money. Divide $85bn by 150 then X 9 (some of which could be recovered) to calculate SBFs time. Other precedents are all over the place. Javice no jail. Holmes 11.25 was the sentence.
Starting to see why people all over the world hate these people.
Didn't Maxine Waters and some more recieve massive amounts of cash from
Him also?
If 20% of customers at any bank of your choosing decided to withdrawel all their cash you would see no one is any different than this guy. He just had the wrong enemies.
Very true.
Ummm…FDIC. Banks do go under and depositors get reimbursed by FDIC. Unless, of course you choose to put it into an unregulated crypto “ exchange”.
@davidgraham9341 go check out last November’s FDIC meeting, 17 cents on the dollar for every eligible account is what the FDIC has.
Sam did dirty dealing with Alameda, period.
@@davidgraham9341 Sure buddy. Go to your bank ask to pull out 10k cash and watch what a scramble it is. They'll tell you to come back next week for it. It is hysterical. You'll be reimbursed by fed coin