‘Sam Bankman-Fraud’: Fallen crypto king found guilty on all counts
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- Опубліковано 1 лис 2023
- After a month-long trial, the jury deliberated for just 4.5 hours before convicting FTX founder Sam Bankman-Fried on charges of fraud and conspiracy. Stephanie Ruhle joins Chris Hayes to discuss.
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#msnbc #sambankman #crypto
About time these con artist are held accountable
He was able to con a lot of people, then take the money and fund Democrat campaigns. They'll need another source because between him and BLM they are unable to hide their dark money.
Jews. What did you expect?
Everyone who works in finance? Yeah.
The only time they’re held accountable is when they steal from the rich
Like Madoff
id wait to say that until sentencing..
Now they need to go after his parents since all their involvement has come to light during the trial.
They committed election fraud as well!
Government doesn’t move that fast but Wall Street is so insulated I doubt daddy will be investigated
Jews. What did you expect?
@bs. Notice .. they can’t leave Trump out of the report ! It’s amazing .
@@davidhooper259, I thought he's a Professor of some sort, the Father, I mean.
Prosecutor said it best. "Crypto may be new, but fraud is as old as time"
While it's a terrible thing to lock people away for the rest of their lives, some people just earn it.
Homie embezzled billions of dollars. That would definitely do the trick hahaha
He worked hard to earn that sentence
But he's innocent
i'm scared filling out the paper work on a credit card wrong. Bro took billions of dollars like it was nothing
@BLUEGENE13 he took tons of people's live savings, but all was not lost, my aunt had 50k tied up in FTX and she did get her money back a few months ago.
Now to hold other corporations and politicians accountable.
Yep. Time to go after Biden.
@@tomorr7176 we won’t need to soon when Trump gets in. That’ll all be redundant.
@@tomorr7176 if Biden broke the law he should be held accountable just like trump.
😆I wouldn't recommend holding your breath on that one.
@@ge2623 seriously. Will never happen, sadly.
Dude swindled $10 billion dollars and couldn't use some of that money to get a decent haircut!
They will shave this woo off in prison
dude want to look crazy.
Now that's ACCOUNTABILITY!! 💯%
👍👍👍 💢 💢
Thank you to the prosecutors and to the jury.
I can't believe justice has been served in the US
He's not in jail yet
why not? 90s, 2000s, 2010s , lots of different prosecutions and they followed through. i have respect for that. consider you may have a bias that's too broad (they, government, globalists)
cheers
DANG!! The jury didn't even stick around for the free pizza. 🙊
"12 mildly annoyed men"
😮😂😅
funny 😁
They probably had come to a decision in 15 minutes but decided to wait for the pizza and really savor the flavor.
@@avegaiii having been on such a jury, yeah, they were all in agreement on the first vote, but then went over the key points and voted again - with the same results.
The jury did a great job. Justice was served. SBF’s parents should also be prosecuted. Hard to believe they weren’t part of the fraud when a Bahamas mansion was in their name.
People seriously do the least and seriously think they are geniuses when they don't see this coming. Remember Marcus Shkreli?
Gotta have irrefutable evidence. No maybes.
hahaha Exactly the opposite of what you all were saying when you knew he was a democrat. hahahaha
All the donations to Democratic candidates need to be recovered.
@@brendathomas7173Republicans too, he donated to both parties
Three years ago everyone was talking this guy up as a money market wizard. The confidence people had in him was reflected in the amount of money they invested. This ‘talk it up’ market mentality has one outcome and we know what it is. He was talked up as a genius who knew more than anyone else. This is the price of believing your own BS.
And that’s not limited to Sam Bankman Fraud either. It applies to his followers who swallowed it whole.
The confidence people had in him was reflected in the amount of money they invested !! What confidence? like virtual confidence, or is there even anything physically or how do investor get any benefits, FROM WHERE?
Yes, the hype was stratospheric. SBF is (not was) the face of crypto. There is no difference in the fundamentals of Bitcoin or FTT, other than Satoshi remains at large - safety an international mystery. It’s all fraud.
The most amazing thing was that from the original article suggesting FTX/Alameda was dodgy through to the conviction was just 1 year + 1 day. That's gotta be one of the fastest cases of corporate conviction ever.
Mark Cuban was the first person I remember who said, "Sam Bankman was in big trouble if the rumors were true". Mark was right.
Cuban is a left wing hack.
I guess you never heard of coffeezilla then.
My roommates, friend's nephew said it before Mark Cuban did.
Mark guesses a 50/50 scenario. What a brilliant mind.
Maybe he should have let Kevin O'leary know what's up, if you think he knew so much.
His parents should be on trial!
His GFs dad worked for the Treasury I think
His mom worked for the Democrats also corrupt
Why?
He’s a grown man. His actions are his own
Candace and ap because they were directly involved in hiding money. They benefited from the fraud
Accountability looks so good on America for a change.
Of course he’s guilty, he was scamming rich people too, they weren’t gonna let him get away with this.
This is what happens when hubris meets narcissism
It takes a lot of hubris to use the word hubris in a sentence. Even more so twice.
@@brailrice indeed!
Even Stevie Wonder could have seen that coming
No he couldn’t. He’s blind. Poor analogy.
@brailrice not all "blind" people are NLP (No light perception) blind. If you have an FOV of 140 degrees or less, you are legally blind even with 20/20 visual acuity in both eyes.
@@brailrice the joke went right over your head.🙄
Why not hold all banks and financial institutions guilty after 2008, instead of being bailed out?
Bankman-Fried made it sound complicated to stir up despair and then presented his pitch as the only solution to make the situation easier. He has mental issues, but in a grown-up world, he has to pay for the pain he caused in the crypto community.
I hope the judge goes after the $400 million that was withdrawn minutes before from ftx just before its collapse....they've got that money somewhere ready for when he's eventually released from prison.
when after his 100 years in prison
I hope they try and get all the money back from the Democrats that he donated to
His parents have it
He's not getting out of prison, man 😂. This dude stole more money than Bernie Madoff, and they gave him 150 years.
@@generationxwithamcgamestop1245but not the republicans he donated to as well?
I lost $20k with the USITech scam a few years ago so I’m glad one of these guys will pay.
lol
I think you should look at the mirror and take responsibility for your loss.
@@mahbubmoI think he has taken responsibility, but those committing fraud need to be held accountable and punished.
Really? I got some oceanside land in Wyoming i'm selling.
@@ge2623How much?
They only needed 4 hours because he was so guilty
The greedy flew towards the light he shined. Down with the corrupt power hungry elite.
Crazy how deluded some people are thinking they could get away with such blatant fraud. 😂
Thats because so many in the crypto market are comiting fraud and getting away with it. This guy got caught because he was super greedy and stole BILLIONS. The other crypto coin scam artists "only" stole millions and walked away scot-free. Lots of scam coins out there and lots of scammers.
He won't get in any trouble 🤷
He made illegal camaign contributions to democrats, because thats what democrats rely on. They wouldnt exist without illegal contributions, ballot box stuffing, and fraud. Democrats love people like him until they get caught.
Crazy how deluded some people are thinking he will go to jail
4 hours? Stunning? I was wondering what took them so long to deliberate.🤔 They probably stalled to make it seem like they had to think about a guilty verdict.😂
That’s exactly what it was
Maybe they rolled dice for awhile
Actually, when they're playing with someone's life, juries tend to take a long time to deliberate before delivering a guilty verdict. This case must've been air tight.
Well, an hour of that time was spent eating lunch. After that, they played a few hands of poker.
😂😂
Who will be useless in their 40s from a 50+🤔
If I had to go from living in a 30 million dollar penthouse in The Bahamas to spending 20 plus years in jail I would freak out.
Well, in hindsight, technically it wasn't even his penthouse. They're saying he was worth billions, but was he really? Basically grifted everything around him, so technically he was middle class at best.
I don't think he ever "believed his own hype". He absolutely knew the pile of quicksand his castle was built on. He knew, and intentionally tried to hide, how he was moving the money around in desperation. *_HE KNEW_*
He was a thief. Very simple.
It was worse than negligence. He used his customers accounts as a liquid asset even though his contract with them explicitly stated the opposite. He's a thief who was counting on his parents political connections to keep him safe.
You're a believer in Christ, aren't you? Reminds me of a certim scripture.
@@carlosa9672 I am. But, I don't proselytize. But (lol) .. since scripture has been brought up, I'll take the opportunity to hopefully disabuse some silent reader out there of one of the most often misquoted verses of the Bible .. that also happens to be some of the truest words ever written, whether you have faith in some religion or not.
It isn't:
_"Money is the root of all evil"_
The verse is:
_The_ *_LOVE_* _of money is the root of all evil_
*GREED.*
Greed was the undoing of Sam.
Greed is the doom of humanity.
Always has been.
☮
Then tried to bribe former colleagues who were scheduled to testify.
So I guess he is in the “find out” phase of this scheme.
💀😂
Yep, just like Hamas is.
Lol just seen 8sreali soldiers crying in the caves lost confused and bout to FIND out@@WinstonSmith24
Unregulated money! What could go wrong!!!???
Chris and Stephanie are fun. I’d love to hang out with them and hear them talk about current events.
So refreshing this is the America that I love and respect.
You shouldn't. A better country would have tougher rules to mitigate frauds like SBF.
Yep. SEC in bed with him while attacking his competitors. @@oventi_
His ugly girlfriend needs to rot in jail next to him and it is a crime if she gets off just for agreeing to testify. The deal should have been we will give you 45 years instead of 55.
They didn't even charge Caroline Ellison with anything and she knew all about this/was in on it with Sam 100%.
Our justice system is a failure of a joke.
@@msmcginn4574 yeah it’s a good thing attitudes like yours are not popular amongst prosecutors because then we probably wouldn’t convict any ringleaders ever
Buckle up Trumpers, this is the prequel
Can’t wait! Next up, the Bidens…
Makes a change to see an arrogant, entitled , rich person get found guilty for their crimes.
lets hope he doesn't get to fake his death in prison and go to his private island...
When I watched Sam's interview with David Rubenstein a couple of years ago I thought the guy was a fraud and something was going to go bad which told me to never invest in the cryptocurrency market. Some people have more ego than talent
It's potentially the largest bubble in history. I wonder how many banks have assets tied up in these markets.
A case of, when it looks too good to be true.
Crypro is a fkn joke! So is Bitcoin
that's called absolute thinking@@peppadsniper9920
Ladies and gentlemen, we got him. 😂😂😂😂
The one video MSNBC has ever done that does not need a thumbs down.
This is called Revenge of The Nerds.
No cell phones, laptops or any other device that can get on the web while he's in prison for the rest of his life. Judging by who his parents are, I'll bet dollars to donuts that he never saw one episode of Mr. Rogers
He won't see one year in federal prison watch he greased ALL the right hands while he had it!
@ponchosancho7710 You really don't know the Federal penal system do you?
@@ponchosancho7710
No, he ripped off rich people
What’s wrong with his parents? Stanford law professors
No. The guy is guilty and will have to serve his time. That's it. You don't lose the first amendment, or the ability to communicate online, or through phones, because you were convicted of a crime. Imagine that... They lock people up and then those people are never heard from again? We've seen how that plays out before and it isn't anything resembling "Justice" .. just another crime .. against humanity.
sounds like: no matter what he’s gonna be behind bars for life.
thats if he gets the max sentence on all charges. And there will be appeals. Wouldn't surprise me if he did, but also wouldn't surprise me if he didn't.
@@JunkBondTraderwhere’s he being held?
Well it would be stupid to put in front of the bars.
@@JunkBondTraderThis theft was huge and deceptive, he should never get out of prison ever.
100 years in prison for a totally non violent crime just ain't right.
Always a bad mistake to steal from rich people.
Omg, a crypto based business that turns out to be a complete criminal fraud?!?
Say it ain't so
/sarcasm
I know, right? That _never_ happens!
I'm super interested to see what kind of sentence he gets, its a pretty land mark case and the sentence is important.
He needs to set free...sorry
@@magillagorillasecuritypatr2591why on earth does he need to be set free?
He’ll get a sentence that includes a subject and a predicate. With a few nouns and a verb thrown in alongside an adjective or two. That’s my guess.
@@brailrice "With a few nouns and a verb thrown in alongside" The subject would be a noun and a predicate would be a verb... you're not making any sense!
@@gl3110 gl3110 (subject and noun) has rocks (noun but not subject) in his head (noun but not subject).
Four hours of deliberation? It would have taken me less than 30 mins to convict him.
All these media outlets used to call him the new JP MORGAN 😂😂😂
Crypto. His clients were just waiting to be duped.
Right! Just doesn't make it right.
Scam-o
I put a hotel on Park Place when I was a kid and I only paid $200 for it. Bought 4 railroads too.
@@ge2623but afterward, did you roll a get out of jail free card?
I’ve been on a jury and we had a quick verdict of 3 hours. 2 of those was waiting for our lunch to come in. Wouldn’t be surprised if the verdict was concluded faster than the 4 hours for SBF.
I find it hard to understand how he thought he could get away with this
His parents must be proud. I hope he rots in jail
4 hours?! Did he represent himself? 😂
Or borrowed one of Dumpf's lawyers?
@@crackersmom2679 So lame it commented twice..
If you read about the last two days of the trial, he kind of did, to his massive detriment. There's only so much _any_ lawyer could have done to prevent such a bad witness from burying himself, let alone the lawyers that SBF had.
They sure convicted this guy quick. Why is it taking so long to get TFG?
IKR!
Trump is GUILTY next!
Because he didn’t break any laws, dummy
Oh look at you. You tried. You tried real hard. @@bigdefense777
I said the exact same thing about the Biden crime family
How do these people look back at everyone in history who gets caught for this stuff and think "Nah, I'm gonna be the one who gets away with it."
100 years in prison WOW, do folks get a refund on their losses?
Scammers and grifters think they are above the law because of their wealth and power. Justice is a dish best served to these sobs.
So many allowed themselves to be conned. Trust no one, believe nothing.
Most are conned because of greed. I feel no pity for them.
The guy dressed in shorts and flip-flops to rub people billions of dollars but now put on full suit to go to court. Why change a winning strategy. Lol.
Why his parents havent been charged is incredable
Stanford has already returned "their" donations. I wonder if their employment contracts can be far behind.
Wow 😲, only 4 hrs of deliberation, the prosecutor did an amazing job!....🤔
Yeah, it could also be that there was no defense in sight, because there was no answering to the allegations.
But his parents said that their son is incapable of lying or cheating, because they raised him to not lie, cheat, or steal. The trial must have been unfair and unlawful. I bet his parents have hundreds of millions of $ hidden away to hire a team of lawyers to get their honest son off of this wrongful conviction. The hundreds of millions $ came from FTX via Sam to his parents under the table.
Yes- absolutely count on it!
The parents were millionaires anyway
Unprofessional when beaming with excessive gloat on Bankman-Fried. Guilty on all counts speaks for itself.
Murderers often get only a fraction of that time. Weird country.
So that's Mr Bankman-Fried dealt with. What about Prof Bankman and Prof Fried, who appear to have been involved up to their necks in what he was doing?
Those two dingbats need a cell next to SBF
So agree after all that was exposed during the trial and dad asking for more money and mom and her 15 million dollar vacation house in the Bahamas.
I saw the photo of his parents walking towards the courthouse. The look on their faces: somber. They both knew that their son was going to get convicted, go to prison, and that there was no way out for him. The irony of his last name being Fried, because, he got fried and burnt in the cross-examination. Good riddance.
If he gave the Big Guy his 10 % like he was supposed to, he wouldn't have these problems
And he went to MIT....
And he played League of Legends while making business deals...
Proving once again you can't steal from rich people, only poor people.
Then how do you explain Madoff or Belfort? Your comment is a non-sequitur.
@@themaskedman221 Do you know who those people are? Do you know what happened to them?
Madoff died in prison at the age of 82 after being convicted. And Belfort served 22 months in prison after he turned states evidence and cooperated with the FBI. Both were caught and held accountable because they stole from rich people. Those who steal from the poor are rarely held accountable.
It is your comment here that seems to be the non sequitur.
@@themaskedman221 They both went to jail that is my point
@@writerconsidered Right, but Madoff did not just target the super-rich, and Belfort primarily scammed middle class investors who were financially naive. You are trying to insinuate that financial laws are only enforced to protect the rich, and there is simply no evidence of that.
@@themaskedman221 They are enforced to protect the rich, there's mountains of evidence of that. You go to jail stealing form the rich. The rich get a fined or are sued from stealing from the poor. Are you some rich jerk pretending we don't have a two tiered justice system?
Justice must be served.
He betrayed the LAWL!!
This whole thing is such a shame. So many were misled by him and deal with their $$$ losses.
Charities, etc. will be asked to return donations received. Hurting more innocent people.
This man threw his life away and I can imagine the shame and sorrow he brings his parents.
This whole thing is sad. Even a guilty verdic and jail will never make this thing right.
Yes it's to bad if the charities have to give back the money. But it wasn't he's to give in the first place.
I believe that his parents were involved in the whole setup.
@@madreese69 True. I think they were duped too and lost money as well.
parents in on it!
Shame and sorrow he bring to his parents 😂😂😂😂😂
What floors me is that the SEC Chairman had asked Fried to help the SEC write crypto regulations.😂
Oops. Yeah that should lead to some self reflection
Some people are really good at conning even the so called experts. Or maybe it was greed. He saw how much money had made and wanted in on the action that SBF was enjoying.
Don’t bring Trump into this. You’re lame.
Ooops. Crime doesn't pay.
Not forever anyways
‘Sam Bankman-Fraud’: Fallen crypto king found guilty on all counts 0056am 3.11.23 certainly doesn't.... does it? might be a patsy. might be a genuine far sighted whizzkid. 100 years?..................................think he'll like?
@@yourbigheadcousin5434not for everyone* you mean
It does until you are caught.
@@peanutjones6600 Comments on ‘‘Sam Bankman-Fraud’: Fallen crypto king found guilty on all counts’ 0156am 3.11.23 sadly i am one of those who has his own receipts... and cannot make crime pay for me no matter how off kilter i become.
Good it couldn't happen in a better way. 100 years of not bending over in the prison showers 😂😂😂
100 years isn't enough.😢
And bear in mind, most juries start out with, "Hey, let's have lunch first. What does everyone want?" and then spend a half-hour debating where the Door Dash driver should go. Then of course they need time to eat. And they also have to work out who was going to be foreperson. And then they have to go over the judge's directions on what they have to do.
So yeah, the jury spent maybe two hours debating the evidence before find this guy guilty.
They need their licences stripped away
@@magillagorillasecuritypatr2591 What are you even talking about?
@@chriswarren7171 yo mama
@@magillagorillasecuritypatr2591I love that I got a translate link option for this.
This guy said he gave equally $40 million each to both the Republican Party and the Democrat Party and they still want to put him in prison. Goes to show you just can’t buy a decent politician these days at any price.
Finally, but a piece of advice to the courts, if this guy gets a chance he'll make a run for it, he's probably got money stashed someplace, if he's released on his own recognizance, he's in the wind, guarenteed. This guy won't stand a week in prison,
He's been locked up for months already since they revoked his bail.....
That dude donated hundreds of millions to dem campaigns 😮
Campaigns? You mean ballot harvesting, ballot stuffing, vote machine tampering and election fraud schemes.
don't forget some Republicans too. Not as much but still.
So what? He probably drinks beer, too. Does that mean beer is bad?
Yep. Bankman-Fried is the 2nd biggest donor to the Dumocrat party. 1st is that commie/socialist Soros group. Says all you need to know about the Dumocrats.
Happy Thursday funday facts. The president has unilateral and complete authority to declassify material.
except he wasnt president when he gave our nuclear sub secrets away
@@davediamond9436 What have you been smoking? That makes no sense at all.
100 years for fraud??
What's the point in sending to prison?
Crypto dodgy - who wooda guessed!
Those jurors said "The numbers are irrelevant, SBF shot himself in the foot!"
The biggest investors believed in the guy....?! Mr. Wonderful and friends??? 😂
Coffezilla is gonna have a field day with this one. 😂
Prison 💈
Prison is going to wipe that smug smirk off his face. Also, he might want to cut that girlie hair before he goes in.
Dude he's going into minimum security white collar prison... Lots of TV, tennis with the boys, and tea sandwiches underneath the tree when they're done.
I love how you made his last name Fraud. LOL
When are the trials of Jamie Dimon, Henry Paulson, Richard Fuld, Time Geithner, Lloyd Blankfein, Ben Bernanke, Ken Lewis, John Mack..........?
It seems like people have had enough of bad players in the business world. This guy reminds me of Pharma Bro, Martin Shkreli.
Goodness … these reporters are OBSESSED with Trump she can’t even focus on a completely separate trial and person without bringing up his name lol 😂
Biggest fraud in modern history, jury decision in 4 hours and she took just 98 seconds to get stuck into President Trump. A man who actually has a legitimate business model unlike the "Pay to Play" mob.
Managed to touch on "donations to "Our Party" for 3 whole seconds then a swallow dive back into the opposition and of course the hobby horse again.
that's what I noticed as well...TDS Trump Derangement Syndrome
exactly!!!!!
Don't worry. There's a good chance they may mention SBF when Fat Donny's guilty verdicts start to roll in.
Won't that be sweet?
That's what's in the news right now, what do you expect ? Reporters and news networks sell stories and trumps trial is one of the highest stories right now .. if Arnold Schwarzenegger was running for office that would be in the news, if North Korea executed someone that would be, your surprise at news being reported on is amusing.
100 years in prison. Shows how they care for white collar crime more than real crimes.
This timely prosecution can mean only one thing: Merrick Garland had nothing to do with the investigation.
No matter what the guilty verdict is, SBF will be free in 8 years , just like Elizabeth Holms.
Probably.
He’s clearly hiding all this crypto in that hair!! Wow 😅
😂
Bubba: “… so I heard you were the crypto king”
Sam:
He viewed people over the age of 40 useless???? That is his quote????
Just goes to show this is a continuation of Trump’s privilege. Trump gets a free pass, while SBF is found guilty immediately.
Two tier justice at its finest!!!
Different cases
@@johnfreeman9358no it's not.
Not really!
Allegations are just that: allegations.
I know you're sour. The number two donor to the Democrat Party was just found guilty. But hey, look at the bright side the two tier justice system is only interested in Trump. They are still completely ignoring and covering up for the Biden crime family.
Another whining post which doesn't reflect ANY knowledge of how different the cases are. ZZZZZZZZZZZZZZZ