I’m almost positive his parents are proud, as it’s highly probable they don’t refer to his actions as fraudulent. After all, their boy was propelling himself, and by extension, them, into the rarified world of the elite. These radical progressives view things such as the law, the Constitution, ethics, and so on, as trivial inconveniences that certainly do not apply to them.
I asked Stanford Media dpt about the comment of keep the fraud parents as their employees. The fact that the mother teaching ETHICS in law - is BEYOND ME. Father is teaching tax - so the Bahamas evasion is a daddy move.
Her reserach seems to be centred around why people shouldn't be held responsible for their actions. Her ideas on ethics are somewhat mental. Shes another crackpot neo-marxist acedemic.
I was in an ethics class once where the prof and most of the students violated confidentiality and shared things they knew about an incident, just so that they could talk and gossip about how unethically the people in the incident behaved. Like what??? 🤦♀🤦♀🤦♀
His parents worked for his company and took huge payments. Doing tax work for the company it hard not to believe what they knew. I remember working for a company and a Bookeeper came to the office at the end of the year to do accounting. I was paid a additional $1500 dollars because my company cheated me out of this money.
What typically happens in a high-profile case is they get a harsh initial sentence to please the public and then through years of legal maneuvering they get it reduced to just a fraction of that after the public has lost interest.
@@banksrobyou 20-25 years? He should definitely go to prison, but in my view 5 years is sufficient to deter others from doing the same thing, and I don't think he would be too much of a risk to the public on release. Obviously if he did do it again, then throw away the key.
I saw that on day one of the trial, that the DOJ had never even offered him a plea deal. That's a bad sign for him. They are going to put this dude on ice.
They went to trial pretty quickly as well. They took a couple of years to put together the case against Elizabeth Holmes. Makes me think they are confident.
He will know what truly happened to Epstein, by getting first hand experience of it. Never mess with the upper echelon of capitalism, at least dictators are straight and honest of what they do most of the time. In the US it is always a mystery as how good old uncle Joey can allow such misery on his opponents.
I think having the mindset that "my parents can bail me out", living a "dorm" life after college when you are embracing success, and lack of honesty are some things that led to SBF's downfall. The family irony is sad. Hopefully Stanford will remove the professors since they clearly colluded.
His parents will get a pass, and Stanford will give them awards based on Stanford’s record of “ethical” conduct. Both parents are huge Democrats, and the end justifies the means in Democrat ethics. No wonder this “kid” turned out to be a polygamist, fraudulent sh!tbag.
It's abundantly clear that SBF should be in prison for life. What should also happen is that hundreds of collaborators and beneficiaries occupy adjoining cells. Emphasizing: every person that took some of the stolen money should also be locked up and every dime returned to the victims. Or is SBF going down solo for this crime? Really? What about the politicians?
Others have been charged. Not sure where you get the idea of "hundreds of collaborators". "every dime" cannot be returned as the losses were made in market transactions with innocent 3rd parties. And what about politicians? How does that come into the picture?
the executives will get shorter sentences due to the plea deals. They will only charge those where there is documented evidence of deliberate wrongdoing
Unfortunately, this dismisses the question looming. To what extent is a person responsible when they thought they were playing by the rules? In other words, there must be some victims somewhere along the way.
Keep in mind, while there were politicians yelling at the SEC to back off when investigating crypto broadly, to stop the SEC from "destroying innovation," SBF and his team didn't really need outside help to commit the fraud. FTX wasn't even the biggest crypto fraud by far. The numbers get messy and ephemeral quickly, but even looking at something like Terra-Luna (made by Do Kwon, South Korean dude) that lost people 50 billion dollars, SBF didn't get much in the way of special treatment. Crypto gave all sorts of wealthy people avenues for fraud. SBF was just the one trying to write the regulations to minimize their impacts on his operations :O
@@sn5806His parent’s friends at Stanford also posted bail bond on SBF’s behalf. That tells you right there they were in on the scheme as well. No one in their right mind would take $250 million risk like that out of the kindness of their hearts. They were probably black mailed with dirt to help post bail bond as well.
The thousands of defenders that backed this low-life and rejected online criticism of this scammer shows how foolish people are to want to believe something that is too good to be true.
It is more or less they used him to manipulate the market in their favor. The idea of Alemeda was to do what Citadel does for Robinhood and manipulates the markets. The same business model failed for Alemeda and it will soon break with Citadel a la the Repo market 1.4 trillion. The system tried to be rigged but it cannot work.
The irony is the business itself - the exchange - was taking the smallest of fractions off of millions of transactions and was, as far as I could see, profitable. Maybe very profitable. Beyond even his kinsmen Madoff's wildest dreams. But that wasn't enough.. They took depositor's money for themselves, bought $330 million of property in the Bahamas, etc. Greed truly has no bounds, especially for the so-called upper-class.
And he would’ve gotten away with it had crypto kept going up. He wasn’t expecting the crash 😂 That’s what happens when people invest in shitcoin like Ethereum and not XDC the REAL Ethereum Killer 😎👍
Makes me wonder whether or not they expected to be solvent at all in the future. Maybe they didn't think things would pan out for the company (i.e. maybe they expected crypto crashes or lower reliance on crypto) so they stole money to pocket for themselves.
@@GenesisRipThey expected it all to crash but they thought their political connections would save them. And, who knows, maybe SBF is right and those connections will save him at the end. Do you believe the American justice system?
@@fakeplaystore7991 In this case I reckon he won't be saved, unless for some reason it becomes highly politicised in the coming future. It feels like he's (rightfully) getting dog-piled on by everyone; the way the prosecution is turning co-conspirators / coaccuseds into witnesses reminds me of the Costa Concordia debacle, where literally everyone was against Skettino even in a relatively corrupt judicial system (Italy).
University faculty, especially if tenured, usually cannot be dismissed unless they are examined by the Provost and found guilty of moral turpitude or crimes against humanity.
But it is also true. Some people become addicted to gaming like SBF was. There are actual withdrawal symptoms and mental health issues which come up if you take away their games.
@@VijayNinel not saying it isn't true. but truly, not a problem one would commonly find in 'non-first worlds'. As in, the lack of access to LoL, not addiction itself.
@@ryaneylee Crypto currency and related scams, cultures are all first world things. No poor person ever thought - Gee let me invest my $2 in crypto tokens. More likely they will buy a sandwich.
@@VijayNinel well, guess what? At the end of an honest day of work, I can sit down at my computer and indulge in as much gaming as I want. Because I worked an honest day of work.
I think he simply thought of his customer's cash as play money in a video game. His upbringing, his job on Wall St, and his foray into cryptocurrency reinforced this indifference to anything other than his own self gratification.
In a case of this magnitude Ellison, Wang and Singh are smart to be the first to come forward. They will get the best deals from the prosecution. However, they ALL need to spend time in jail and forfeit any assets.
They all *ARE* forfeiting assets, but Ellison, at least, is not spending any time in gaol, unless the IRS or some other agency choose to charge her with something.
I still want to know about the Alameda Research CEO. Like SBF has been getting all the spotlight and shes just out there floating in the wind or something.
She's cooperating with the prosecution , giving them nothing of value because there isn't anything of value. That's why the prosecution hasn't come up with anything new to say, they're just parroting the social narrative allegations because that's what they used to base their charges on, like idiots.
I haven’t read the guilty plea but I’m sure it’s close to a “Queen for a day” deal where she got extreme immunity-esque protection to cooperate indefinitely with taking SBF down
in fairness that guy only let 2 people in total and was the only university coach in the whole scandal who did not accept money for himself - only for the sailing program that he was under pressure to raise money for - money was used to buy boats and hire an assistant coach. if you read into the case, he's not on the level of the other people taking money for their own benefit at all.
The part that worries me is all the money his brother spent with that genetic human research, you know all that money and r&d wont be investigated and is probably on going.
Never trust a CEO or trust fund manager who is saying they're an altruist. That much should be obvious. (reminder that Fink also thinks of himself as such)
And there was also that guy John Kapoor ( Insys ) in 2019, he only got 5 and half years which leads me to speculate that SBF will probably get around 10 years.
You can not blame it on this. He was supported by his parents, who are very highly qualified legal professional doctoral lawyers. He would not be able to think out all these highly intelligent and difficult business practices and projects.
Wdym? It was all chaotic in the background, far from a capable business and they speculated away most funds instead of just using it for themselves. They could have easily gone much longer if they didn't speculate with such big sums
@@symbiote1982pk but building the whole scammy FTX business, manage its fraudulent accounting, build and managing the app, operating the convoluted business without raising suspicion for years and raising money without being suspicious with Investor, Is this considered as easy? you're underestimating how hard it was to run even a Fraudulent FTX scale business. no average intelligent guy would be able to pull this off. the best average intelligent guy can do is pulling a somewhat simpler pyramid scheme, and scamming old people then, if its so easy, why don't you do it too?
if they were good lawyers they would urn a practice instead they are law professors that never made any money so they used their son to scam everyone. The parents need be in jail right there with him.
He’s going to suffer the same consequences all white collar criminals do: Huge public sentence later reduced drastically, serving whatever remains in either an amazing confinement center or “house” arrest back in his parent’s estate. He was a fall guy, and they want us to forget about him in a couple of years.
A good defense? The damn genes did it. Not our fault. The entire family has been victimized by a random act of God! It was affluenza, which has been established as, in fact, a real thing.
He was already mega rich, but felt so entitled and privileged he could steal as much as he wanted from hard working people. So happy he’ll spend the rest of his life worrying about dropping the soap every time he takes a shower. His parents need to be made to return their portion of the stolen money or have their own jail time as thieves.
prosecute and let them go by dropping the charges? only 1 single wall street Banker got indicted from 2008 crisis. you know nothing, then it's prolly better to research beforehand.
cultural thing. they love money and entire financial industry by its nature is of fraud. so they groom their children to enter it, names just reflect that. but the fried fraud pun is cosmicly hilarious.
Point of fact: SBF did not hand over $250 million to get out of jail on bail. SBF was let out on bail because he agreed to pay $250 million if he doesn’t show up for court. This has more to do with the bail system than SBF’s financial situation. Although, I would really like to know how much money the kid has squirreled away.
That's not what was agreed with Bail. His parents have to forfeit their house and their friends would have forfeit their assets too. If you watched the video before commenting you would have heard this.
Isn’t it typically middleman company in between who are on hook, and who then take part of the bail amount as collateral (like houses etc), post security guards to watch for the target and to make sure target won’t escape (as it’s bad for balance sheet) and of course charge premium from the bailee? I have no idea how US law works, please correct me where I got it wrong 😊
He’s in the Tombs lmaooo. You cannot even imagine how bad the Tombs are. They’re like wild animals in there. I went in there as a medical provider. It was beyond horrifying. Never again.
You actually doubt it might be? Just think about the setup. You are either wealthy enough to have a good lawyer with connections, or you are poor and get a legal defender, but mostly you get a plea deal where they blame everything and anything on you, so you agree to a lesser sentence. On the federal level, there is 97% conviction rate in the states. For comparison, China and Japan got 99%. There were indentured servants up to the 1928.. Do I need to say more?
@@mbg9650 LoL, American education... In Greek mythology, Icarus was the son of the master craftsman Daedalus, the architect of the labyrinth of Crete. After Theseus, king of Athens and enemy of Minos, escaped from the labyrinth, King Minos suspected that Icarus and Daedalus had revealed the labyrinth's secrets and imprisoned them-either in a large tower overlooking the ocean or the labyrinth itself, depending upon the account. Icarus and Daedalus escaped using wings Daedalus constructed from feathers, threads from blankets, clothes, and beeswax. Daedalus warned Icarus first of complacency and then of hubris, instructing him to fly neither too low nor too high, lest the sea's dampness clog his wings or the sun's heat melt them. Icarus ignored Daedalus’s instructions not to fly too close to the sun, causing the beeswax in his wings to melt. Icarus fell from the sky, plunged into the sea, and drowned. The myth gave rise to the idiom, "fly too close to the sun."
They should have never given the fuzzy-haired exact replica of themselves the keys to the car. Mix some genes with others, and this is the result. The one-headed monster! Hahaha. Unbelievable!
Finally! Someone who isn't calling him a "genius" and being impressed he can arbitrage trade having previously been employed to do that at Jane Street.
All hedge fund investments are essentially arbitrage trades that bet the "spread" with increase in times of global catastrophes caused by natural and man-made disasters and will decrease with a reduction in the destruction caused by such global catastrophes. Thus, those traders benefit most who have inside information about impending, planned, staged "natural disasters" such as events of weather warfare in Maui and Acapulco, and information about impending armed hostilities between nations such as Ukraine and Palestine.
This trial and his sentence is about more than just the money. The public needs a reckoning for all the scammy bs that happened over the last few years, and nobody’s really paid the price for it. Sam needs to be the public display…
The story of SBF only bothers me in so far that he is proof that there are people that with only a small amount of smarts, a small amount of charisma, and some starting capital coupled with no empathy can irreparably destroy a lot of people's lives for their brief moment of godhood, that brief feeling of "I'm winning". They literally think in their heads: "It's not my fault that the universe creates gullible people." It's sad that it's just this weird clash of genes and culmination of particular events that create this type of ugly phenomena to occur.
Part of these people's problem is/was that they ARE very intelligent ie 'smart' people, but totally lacking in either common sense or the best ideals of humans - ie integrity & decency. They are/were blinded by the potential wealth shining into their eyes - and could not resist it ! Now they must pay the price for what they have done !
This guy and many like him are told all of their lives that they are intellectually superior to others. The higher education system continues with the delusion and turns out a lot of intellectual monsters that society has to deal with. It brings to mind the condescending attitude of the Bud Light Marketing VP.
This kid (mental-wise) lives in his virtual world. Enjoyed some beginner's luck in arbitrage trading between Japanese & US crypto trades and went on believing that he is smarter than the world. Now the world throws the book at him. Welcome to the dungeon of this cold hard physical world. Sad that some respectable investments funds are gullible enough to invest in him.
I wonder if he has some type of autism. Just hearing him when he speaks, his body language, his movements, vocabulary, etc. he definitely has a “tik” of some type. Not what you will call “normal”.
It's weird to find out it was all planned as a fraud from the start... because FTX had a real chance at being legit and make them billionaires for life.
Especially after it did legitimately become successful. He probably could have turned it all around well before anybody became suspicious. Sure, he would have had to wait longer for the multi-millions to start rolling in but he still could have had his mansion and unlimited LoL funds.
I think 115yrs would be quite much compare to Elizabeth Holmes (11.25yrs).. given that EH actually endangered lives... I think public image does matter a lot after all.. so much for a justice ..
SBF endangered the money supply, which is much more important than mere normal people’s lives and will be punished more harshly. That’s why Bernie Madoff got such a long sentence.
@@glyptodon_ch lets hope, he did give a big chunk of what he stole to a political party though, so has protection. But Theranos was equally a child of stanford project, so the question is do they only care if its about the money or are they just protecting their own.
@@CheapSushi Thanks for clarification... I felt that it is worse. Justice for investors but not for patients. If not her, there should be someone responsible for harming people by using as guinea pigs.
Fascinating and informative video. SBF is definitely a piece of work. The title is pretty click-baity, though. The trial isn't even over yet and nowhere is the video is there any affirmative statement that he will be spending the rest of his life in prison. However likely it is that he will do just that, the fact remains that as yet we really don't know.
Damn! You're a genius. Got anything to sell me. Spending my money through the web is what I like most, except for adult entertainment. AI will save us if we're paying attention!
I wonder if the penny is beginning to drop with SBF that he's going to prison for a long time. I'm sure the headline potential sentence is hundreds of years, but he'll probably get thrown behind bars for 20-30. If he's lucky he'll end up in some medium or low security prison for non-violent crimes but he's going to prison all the same. It must have come as a massive shock to him when they stuck his ass behind bars for witness intimidation when he could have been sat at home through the trial.
It’s America & he has very wealthy parents. So he’ll spend 5ish years in an incredibly comfy “jail”, then he’s going to live in the Bahamas spending the fortune they stashed for him.
His parents should also be jailed because they not only enabled his criminal nature but actively encouraged the cheating, lying grifter in him.They are equally crooked and instead of encouraging him to plead guilty and do his time they are doing everything they can to explain away his lies.
NO, the other platforms that used and abused this system got away scot free. Citadel and Ken griffin groomed him and half his staff to do this. @@alexanderSydneyOz
I would add a narcissist psychopath because he doesn’t have feelings, they are empty inside. I knew someone like that and he confessed me, he felt numb inside. Exactly like this guy, you have to be a psychopath to con all those famous people.
@@billbally4419 I forgot to say, "for scummy lowlifes who think nothing of swindling people out of their money". In case you didn't notice, lizzy holmes make similar errors in judgement. Did you see the 60 minutes segment on SBF? I am still not convinced that really happened.
after watching this , I'm happy that I abandoned my long dream of owning my own hedge fund company. Just being a simple trader for 10 years and living care free is much better . Thank you, Isekai Manga for inspired me to take those paths. I don't know if I'm not going to be tempted to do the same thing as this guy if i were to follow my dream
No video games in prison?! Sounds like cruel and unusual punishment. Has anyone checked the constitution? I guess it would say like chess or something. If I was sent to prison I’d be pretty blue without video games
I have this one question: if it is the case that we need to have a test for a driver's license, why can't we have a test for baby making. Elizabeth Holmes also comes to mind.
There's no mention of Sam Trabucco in this video - the guy who was just as involved as Ellison as co-CEOs of Alameda but managed to run away with millions before it all fell down
If he only played League of Legends and didn't do anything else, he would have been a free man. The ability to sit alone in a room would have helped with League of legends.
No because he didn't steal anything, nor did it ever cross his mind. You don't have to steal when you're a genius that can become a billionaire in 2 years legitimately. That narrative was invented by Coindesk and echo'd by right-leaning independent media that heard he donated to democrats. And who doesn't want to dog pile on the nerdy rich guy that's into altruism and is infinitely more successful? It's the perfect opportunity to feel less insignificant at somebody else's expense.@@ray32245mv
They'll give him a long symbolic sentence with lots of media hurrah and then quietly drop it down to nothing on appeal when media have moved on, his parents will probably hold on to most of their share of the loot. He made the right donations to the right political factions.
iirc both received donations, he was less concerned with political party and more concerned with monopolization on holding the reigns for legislation on exchanges. edit: typo
His punishment should be to play league every waking hour for the rest of his life, right up to his death, only stopping for 3-4 hours of sleep. I bet you that even then he wouldn't be able to reach silver IV
Strange how Wall Street Millennial doesnt mention the Democratic party once when discussing SBF's political donations, despite the fact that he was their top(!) donor. God knows what they gave him in return. If this was donated to the Trump campaign, he would've mentioned it 50 times.
You must not know. He donated heavily to both parties, but he only publicly announced the democratic nominations because it’s better PR in the tech space than republican. He donated almost equal amounts to both to hedge his bets with future Congress.
@@saab9251 I think you are twisting it but appreciate the input. However, we have documentation and money/paper trail of his $40 million dollar donations to the DNC, but only him stating (to the pro-DNC mainstream media) that he donated equally to the GOP using 'undisclosed dark donations'...I see the exact same bs statement in every Liberal mainstream media article about it. I'm sure it would be in both his and (especially) the DNC's best interest to say just that during a fraud scandal at this magnitude in order to save face and avoid bias/potential investigations, but fact is we can easily prove one and not the other. I'm not saying he hasn't donated to influence certain GOP officials, because those he did are part of the same swamp and dont care what party is in charge. But his parents were also Democrat party affiliates and pulled favors accordingly, so I have serious doubt that he's donated anywhere near equally as the media is trying to imply as they have presented no proof to confirm that's the case, only his public statement.
@@saab9251 I dont know why but I cant see my response to you. Either way to keep it short: we have documentation and money/paper trails of his $40 million dollar donations to the Democratic party, but only him stating (after he was caught, to the pro-DNC mainstream media) that he donated equally to the GOP using 'undisclosed dark donations' and no proof of this, despite these having to be disclosed. Of course it would be in his and especially the DNC's best interest to make that statement after a fraud of this magnitude, so no, I dont believe that to be the case. Not to mention that his parents are devout Democrat affiliates.
![How to Lie Your Way to $34 Billion [Nikola Motors Fraud]](/img/n.gif)
Imagine being in such a privileged position and still resorting to fraud. His parents must be proud.
They benefited from the fraud... so yeah they probably were.
I’m almost positive his parents are proud, as it’s highly probable they don’t refer to his actions as fraudulent. After all, their boy was propelling himself, and by extension, them, into the rarified world of the elite.
These radical progressives view things such as the law, the Constitution, ethics, and so on, as trivial inconveniences that certainly do not apply to them.
They helped
they knew for sure . they made so much money so i guess they were happy
Wonder how much they were actually up to their grubbies in it?
His parents need to be prosecuted also. They were neck deep in SBFs shenanigans.
How?
@@Eric00700Google it, UA-cam it, there's plenty of information out there
@Eric00700 Patrick Boyle recently made a video discussing the involvement of SBF's parents.
Thankfully both have been charged with similar crimes to their son so theyre not getting away free
Prison can't accommodate his vegan diet. 😅
He'll be swallowing a lot of sausage and other bulk raw meats. 😉
I asked Stanford Media dpt about the comment of keep the fraud parents as their employees. The fact that the mother teaching ETHICS in law - is BEYOND ME. Father is teaching tax - so the Bahamas evasion is a daddy move.
Her reserach seems to be centred around why people shouldn't be held responsible for their actions. Her ideas on ethics are somewhat mental. Shes another crackpot neo-marxist acedemic.
Rich people, as always.
Nothing wrong with that. Its not tax evasion but tax avoidance instead
I was in an ethics class once where the prof and most of the students violated confidentiality and shared things they knew about an incident, just so that they could talk and gossip about how unethically the people in the incident behaved. Like what??? 🤦♀🤦♀🤦♀
Not "rich people". Liberal materialist atheistic fools
His parents should be prosecuted, as well, and join him. Growing evidence they're complicit.
His parents worked for his company and took huge payments. Doing tax work for the company it hard not to believe what they knew. I remember working for a company and a Bookeeper came to the office at the end of the year to do accounting. I was paid a additional $1500 dollars because my company cheated me out of this money.
They are.
@@jackmasonencivil suit but no criminal charges.
100%
YESSSSSSSSSSSSSSS
What typically happens in a high-profile case is they get a harsh initial sentence to please the public and then through years of legal maneuvering they get it reduced to just a fraction of that after the public has lost interest.
fraction of the 110 years is how much?
@@banksrobyou maybe like 1/10th or 10ish years. Just a guess
You are right! I don't think he will do more than 10 years!!!
They will initially give him a big sentence, then upon appeal, after the public has quit paying attention to him, the courts will overturn the case.
@@banksrobyou 20-25 years?
He should definitely go to prison, but in my view 5 years is sufficient to deter others from doing the same thing, and I don't think he would be too much of a risk to the public on release. Obviously if he did do it again, then throw away the key.
I saw that on day one of the trial, that the DOJ had never even offered him a plea deal. That's a bad sign for him. They are going to put this dude on ice.
If he's smart then he has a deadman's switch with dirt on the dems, if so they will bail him out for sure 🤔
They went to trial pretty quickly as well. They took a couple of years to put together the case against Elizabeth Holmes.
Makes me think they are confident.
Like WSJ had pointed out, SBF had dug his own hole, so along with witness testaments the doj have the opportunity to debunk them.
He will know what truly happened to Epstein, by getting first hand experience of it. Never mess with the upper echelon of capitalism, at least dictators are straight and honest of what they do most of the time. In the US it is always a mystery as how good old uncle Joey can allow such misery on his opponents.
He's going to be the example of what happens when crypto bros "Find Out".
His parents deserve to be in jail too
Looks like they are part of the setup all be it relatively minor.
@@stephenwabaxter albeit*
@@stephenwabaxter i dont think so. looks like they played a direct role.
You know your society has FAILED when your legal scholars raise criminals of the most destructive sort ...evil in a t shirt & cargo shorts ...
What about the regulators ?
“Ellison stole customers funds and gave it to SBF’s parents without his knowledge” that’s his argument essentially 😂
Basically the gollum chick was under the influence of the ring I guess.
@nicholase2868Oldest con in the world.
I think having the mindset that "my parents can bail me out", living a "dorm" life after college when you are embracing success, and lack of honesty are some things that led to SBF's downfall. The family irony is sad. Hopefully Stanford will remove the professors since they clearly colluded.
His parents will get a pass, and Stanford will give them awards based on Stanford’s record of “ethical” conduct. Both parents are huge Democrats, and the end justifies the means in Democrat ethics. No wonder this “kid” turned out to be a polygamist, fraudulent sh!tbag.
American Universities really go down the drain
his parents set the thing up and stole as they went. lock them up.
It's abundantly clear that SBF should be in prison for life. What should also happen is that hundreds of collaborators and beneficiaries occupy adjoining cells. Emphasizing: every person that took some of the stolen money should also be locked up and every dime returned to the victims. Or is SBF going down solo for this crime? Really? What about the politicians?
Others have been charged. Not sure where you get the idea of "hundreds of collaborators". "every dime" cannot be returned as the losses were made in market transactions with innocent 3rd parties. And what about politicians? How does that come into the picture?
the executives will get shorter sentences due to the plea deals. They will only charge those where there is documented evidence of deliberate wrongdoing
Unfortunately, this dismisses the question looming. To what extent is a person responsible when they thought they were playing by the rules? In other words, there must be some victims somewhere along the way.
Keep in mind, while there were politicians yelling at the SEC to back off when investigating crypto broadly, to stop the SEC from "destroying innovation," SBF and his team didn't really need outside help to commit the fraud. FTX wasn't even the biggest crypto fraud by far. The numbers get messy and ephemeral quickly, but even looking at something like Terra-Luna (made by Do Kwon, South Korean dude) that lost people 50 billion dollars, SBF didn't get much in the way of special treatment. Crypto gave all sorts of wealthy people avenues for fraud. SBF was just the one trying to write the regulations to minimize their impacts on his operations :O
Did he murder anyone no, then 115 prison sentence is absurd.
His parents are Completely Culpable and should do serious time.
Absolutely, what about all of the hidden crypto the could still have access to? The parents received millions!
They should be audited and have their assets freezed too, until the trial is over. In case they don't try to pull some other funny business.
@sn5806 yeah nah, people don't just do all of this on an "assumption" come on now lmao
@@sn5806His parent’s friends at Stanford also posted bail bond on SBF’s behalf. That tells you right there they were in on the scheme as well. No one in their right mind would take $250 million risk like that out of the kindness of their hearts. They were probably black mailed with dirt to help post bail bond as well.
Well the state doesn't think so and they obviously have more evidence than you do, don't they, loser?
The thousands of defenders that backed this low-life and rejected online criticism of this scammer shows how foolish people are to want to believe something that is too good to be true.
Do you mean those who pump up the prices of bitcoins?
It is more or less they used him to manipulate the market in their favor. The idea of Alemeda was to do what Citadel does for Robinhood and manipulates the markets. The same business model failed for Alemeda and it will soon break with Citadel a la the Repo market 1.4 trillion. The system tried to be rigged but it cannot work.
"The Emperor's New Clothes" was written for a purpose. Yet, people never seem to learn from history. They only repeat it, time and again.
Especially those who did it for free
Cases like this one are just peanuts compared to the derivatives bubble of 500 trillion, that’s about to come to implode.
The irony is the business itself - the exchange - was taking the smallest of fractions off of millions of transactions and was, as far as I could see, profitable. Maybe very profitable. Beyond even his kinsmen Madoff's wildest dreams. But that wasn't enough.. They took depositor's money for themselves, bought $330 million of property in the Bahamas, etc. Greed truly has no bounds, especially for the so-called upper-class.
And he would’ve gotten away with it had crypto kept going up. He wasn’t expecting the crash 😂 That’s what happens when people invest in shitcoin like Ethereum and not XDC the REAL Ethereum Killer 😎👍
Makes me wonder whether or not they expected to be solvent at all in the future. Maybe they didn't think things would pan out for the company (i.e. maybe they expected crypto crashes or lower reliance on crypto) so they stole money to pocket for themselves.
@@GenesisRipThey expected it all to crash but they thought their political connections would save them. And, who knows, maybe SBF is right and those connections will save him at the end. Do you believe the American justice system?
@@fakeplaystore7991 In this case I reckon he won't be saved, unless for some reason it becomes highly politicised in the coming future. It feels like he's (rightfully) getting dog-piled on by everyone; the way the prosecution is turning co-conspirators / coaccuseds into witnesses reminds me of the Costa Concordia debacle, where literally everyone was against Skettino even in a relatively corrupt judicial system (Italy).
((((((kinsman))))))
His parents were involved and they need to be prosecuted. Stanford needs to fire them both and forfeit their pensions!
University faculty, especially if tenured, usually cannot be dismissed unless they are examined by the Provost and found guilty of moral turpitude or crimes against humanity.
@@jivanvasantThis has a strong case of immoral actions of getting fired.
YESSSSSSSSSSSSSSSSSSSSSS
He was such a smart guy but he used his knowledge wrongly
He wasnt smart. Parents got him in Mit
"The lack of access to League of Legends may also be taking a toll on his mental health"
One of the most 'first world problems' line i've ever heard
But it is also true. Some people become addicted to gaming like SBF was. There are actual withdrawal symptoms and mental health issues which come up if you take away their games.
@@VijayNinel not saying it isn't true. but truly, not a problem one would commonly find in 'non-first worlds'. As in, the lack of access to LoL, not addiction itself.
@@ryaneylee Crypto currency and related scams, cultures are all first world things. No poor person ever thought - Gee let me invest my $2 in crypto tokens. More likely they will buy a sandwich.
LMAO!
@@VijayNinel well, guess what? At the end of an honest day of work, I can sit down at my computer and indulge in as much gaming as I want. Because I worked an honest day of work.
"In all fairness your honor, my client said sorry 50 times on twitter spaces"
Judge: Completely understandable, Mr. Bankman-Fried you’re free to go .
I read it.
This is one of the best summations of the SBF story I’ve seen yet. Thank you. Super job!
yeah, because he understands how this is financial fraud and not just running to make a video.. I subbed!
Now allow WSJ to talk about ethics at Wall Street & Capitol Hill.
I think he simply thought of his customer's cash as play money in a video game. His upbringing, his job on Wall St, and his foray into cryptocurrency reinforced this indifference to anything other than his own self gratification.
In a case of this magnitude Ellison, Wang and Singh are smart to be the first to come forward. They will get the best deals from the prosecution. However, they ALL need to spend time in jail and forfeit any assets.
They all *ARE* forfeiting assets, but Ellison, at least, is not spending any time in gaol, unless the IRS or some other agency choose to charge her with something.
I still want to know about the Alameda Research CEO. Like SBF has been getting all the spotlight and shes just out there floating in the wind or something.
She's cooperating with the prosecution , giving them nothing of value because there isn't anything of value. That's why the prosecution hasn't come up with anything new to say, they're just parroting the social narrative allegations because that's what they used to base their charges on, like idiots.
She sold him out. She confessed early on to the FBI and got her freedom as a trade. Definitely a pretty good deal
Yep me too, his crew needs some of this love he’s getting too
I haven’t read the guilty plea but I’m sure it’s close to a “Queen for a day” deal where she got extreme immunity-esque protection to cooperate indefinitely with taking SBF down
She flipped on him and copped a plea. At the end of the day, SBF is the Head Huncho so he is ultimately responsible.
How was the money to parents and the house not confiscated? I'm sure if I robbed a bank and gave the money to my parents to hold, it would be seized
because they're juuuzzz
The Star of David has such amazing deflecting powers.
LARGEST SINGLE DEM DONORS IN ‘20 & ‘21
They have friends most of us dont lmfao
@@fakeplaystore7991*rubs hands*
Wasn't Stanford University sailing coach John Vandemoer charged with accepting bribes in the Operation Varsity Blues scandal? WTF do they teach there?
White collar crime apparently
in fairness that guy only let 2 people in total and was the only university coach in the whole scandal who did not accept money for himself - only for the sailing program that he was under pressure to raise money for - money was used to buy boats and hire an assistant coach. if you read into the case, he's not on the level of the other people taking money for their own benefit at all.
Elites are above the law
@@huzcer ah yes, he only took money and circumvented the admissions procedure a little bit
@@huzcer he can take a little bribe, as a treat
Thanks for making this high quality content available to us
This is professional-level on analysis, provided free on uTube
The part that worries me is all the money his brother spent with that genetic human research, you know all that money and r&d wont be investigated and is probably on going.
Never trust a CEO or trust fund manager who is saying they're an altruist. That much should be obvious.
(reminder that Fink also thinks of himself as such)
And there was also that guy John Kapoor ( Insys ) in 2019, he only got 5 and half years which leads me to speculate that SBF will probably get around 10 years.
Fink?
You mean Ratfink😂
You can not blame it on this. He was supported by his parents, who are very highly qualified legal professional doctoral lawyers. He would not be able to think out all these highly intelligent and difficult business practices and projects.
Wdym? It was all chaotic in the background, far from a capable business and they speculated away most funds instead of just using it for themselves. They could have easily gone much longer if they didn't speculate with such big sums
Highly intelligent? lol no, siphoning money off crypto bros doesn't require an iota of intelligence.
@@symbiote1982pk but building the whole scammy FTX business, manage its fraudulent accounting,
build and managing the app, operating the convoluted business without raising suspicion for years
and raising money without being suspicious with Investor, Is this considered as easy?
you're underestimating how hard it was to run even a Fraudulent FTX scale business.
no average intelligent guy would be able to pull this off.
the best average intelligent guy can do is pulling a somewhat simpler pyramid scheme, and scamming old people
then, if its so easy, why don't you do it too?
if they were good lawyers they would urn a practice instead they are law professors that never made any money so they used their son to scam everyone. The parents need be in jail right there with him.
@@nolga3569 those who can't do teach.
Do we think that LOL will be mentioned in the court process? And how many times? I honestly want to watch it live.
"SBF , is it true you are trash at top lane and jungle"
Several times I'm sure. In hindsight playing LOL was the real crime
How much customer money do you guys think he used for skins?
@NightSentinel51 seems like the type of guy to have several accounts banned, so he probably bought the same skins a multitude of times lol
@@bradleylouden3400 Reckon he'd be a Nunu top pusher lol
He’s going to suffer the same consequences all white collar criminals do: Huge public sentence later reduced drastically, serving whatever remains in either an amazing confinement center or “house” arrest back in his parent’s estate. He was a fall guy, and they want us to forget about him in a couple of years.
I honestly think that these people thought they are so much smarter than everyone that they would never get caught.
Probably true
The whole families are criminals, they will all eventually go to jail.
The whole family is Jewish, it's more likely that YOU go to jail for telling them that they deserve to go to jail. Ids like annudah shoah down there!
I doubt thst
A good defense? The damn genes did it. Not our fault. The entire family has been victimized by a random act of God! It was affluenza, which has been established as, in fact, a real thing.
I'll believe it when he's sentenced.
You're a legend dude, thanks for the info!
He was already mega rich, but felt so entitled and privileged he could steal as much as he wanted from hard working people. So happy he’ll spend the rest of his life worrying about dropping the soap every time he takes a shower. His parents need to be made to return their portion of the stolen money or have their own jail time as thieves.
"How fried is our chicken?
It's Bankman-Fried - so well cooked, it'll fall off the bone."
This is good. Can we go back to the 2008 villains and charge and prosecute them??
prosecute and let them go by dropping the charges?
only 1 single wall street Banker got indicted from 2008 crisis. you know nothing, then it's prolly better to research beforehand.
@@asdf0747if people are coming to this channel to get news it's probably a sign they know nothing
Can get airbnb and the funds like blsckrock that are buying up residential homes and gauging house prices 😊
@@asdf0747 lmao you must know everything
@@asdf0747 The OP already knew that. Why else would OP have said that? Come on, try to keep up.
I really find funny that this guy's name is "Sam Bankman Fried". Really fitting or maybe the writers of our distopia just got lazy
cultural thing. they love money and entire financial industry by its nature is of fraud. so they groom their children to enter it, names just reflect that.
but the fried fraud pun is cosmicly hilarious.
Every single time.
Sam Bankman Fraud
at least turning his name into "Scam Bankrun Fraud" adds a unique twist.
@@ownedmaxer607 thats a new one, havent heard that before, I like it 👌
Point of fact: SBF did not hand over $250 million to get out of jail on bail. SBF was let out on bail because he agreed to pay $250 million if he doesn’t show up for court. This has more to do with the bail system than SBF’s financial situation. Although, I would really like to know how much money the kid has squirreled away.
That's not how it works
lmao not how it works
That's not what was agreed with Bail. His parents have to forfeit their house and their friends would have forfeit their assets too. If you watched the video before commenting you would have heard this.
You are all wrong. Nobody is ever held to account for the full bail amount
Isn’t it typically middleman company in between who are on hook, and who then take part of the bail amount as collateral (like houses etc), post security guards to watch for the target and to make sure target won’t escape (as it’s bad for balance sheet) and of course charge premium from the bailee?
I have no idea how US law works, please correct me where I got it wrong 😊
He’s in the Tombs lmaooo. You cannot even imagine how bad the Tombs are. They’re like wild animals in there. I went in there as a medical provider. It was beyond horrifying. Never again.
Love the videos, are you gonna do an update now that money was returned with interest?
If he gets let off the hook it'll be clear as day that our judicial system is corrupt.
You actually doubt it might be? Just think about the setup. You are either wealthy enough to have a good lawyer with connections, or you are poor and get a legal defender, but mostly you get a plea deal where they blame everything and anything on you, so you agree to a lesser sentence.
On the federal level, there is 97% conviction rate in the states. For comparison, China and Japan got 99%.
There were indentured servants up to the 1928.. Do I need to say more?
It wasn't SBF or Caroline
It was an entire team of scammers
Its called the O Biden regime WAKE UP!
It's an entire cabal of thieves and scammers, all wearing tiny hats and exhibiting very long, hooked noses.
Exactly....
hopefully his parents also get similar sentence, they helped him
Like a bird flying toward the sun wearing wax feathers.
@@mbg9650 LoL, American education...
In Greek mythology, Icarus was the son of the master craftsman Daedalus, the architect of the labyrinth of Crete. After Theseus, king of Athens and enemy of Minos, escaped from the labyrinth, King Minos suspected that Icarus and Daedalus had revealed the labyrinth's secrets and imprisoned them-either in a large tower overlooking the ocean or the labyrinth itself, depending upon the account. Icarus and Daedalus escaped using wings Daedalus constructed from feathers, threads from blankets, clothes, and beeswax. Daedalus warned Icarus first of complacency and then of hubris, instructing him to fly neither too low nor too high, lest the sea's dampness clog his wings or the sun's heat melt them. Icarus ignored Daedalus’s instructions not to fly too close to the sun, causing the beeswax in his wings to melt. Icarus fell from the sky, plunged into the sea, and drowned. The myth gave rise to the idiom, "fly too close to the sun."
Everyone he paid off is helping him out so hes got no money bit hes got all these people who profited off him who will poat his bails etc
They should have never given the fuzzy-haired exact replica of themselves the keys to the car. Mix some genes with others, and this is the result. The one-headed monster! Hahaha. Unbelievable!
People like him are quite common amongst those with wealth but most don't get caught.
Wonderful video as always
I honestly doubt SBF's statements in the court would be true after all of this.
Finally! Someone who isn't calling him a "genius" and being impressed he can arbitrage trade having previously been employed to do that at Jane Street.
lol nowhere near a genius
The media and Wall Street are so eager to find the next Jeff Bezos and Steve Jobs that they crown any young Silicon Valley CEO "genius".
This word, 'visionary' and 'genius ' has been tossed around so much that it has lost all credibility.
All hedge fund investments are essentially arbitrage trades that bet the "spread" with increase in times of global catastrophes caused by natural and man-made disasters and will decrease with a reduction in the destruction caused by such global catastrophes. Thus, those traders benefit most who have inside information about impending, planned, staged "natural disasters" such as events of weather warfare in Maui and Acapulco, and information about impending armed hostilities between nations such as Ukraine and Palestine.
He wasn't a genius since he got caught and still denies it but people are not dupe.
This trial and his sentence is about more than just the money. The public needs a reckoning for all the scammy bs that happened over the last few years, and nobody’s really paid the price for it. Sam needs to be the public display…
🔴🔴 Sorry only comes after being caught.
People like this don't deserve to use the same air
as everyone else. Send him off planet.
If he was a banker, he wouldn’t be prosecuted
The story of SBF only bothers me in so far that he is proof that there are people that with only a small amount of smarts, a small amount of charisma, and some starting capital coupled with no empathy can irreparably destroy a lot of people's lives for their brief moment of godhood, that brief feeling of "I'm winning". They literally think in their heads: "It's not my fault that the universe creates gullible people." It's sad that it's just this weird clash of genes and culmination of particular events that create this type of ugly phenomena to occur.
Part of these people's problem is/was that they ARE very intelligent ie 'smart' people, but totally lacking in either common sense or the best ideals of humans - ie integrity & decency. They are/were blinded by the potential wealth shining into their eyes - and could not resist it ! Now they must pay the price for what they have done !
This guy and many like him are told all of their lives that they are intellectually superior to others. The higher education system continues with the delusion and turns out a lot of intellectual monsters that society has to deal with. It brings to mind the condescending attitude of the Bud Light Marketing VP.
You have pretty much described the finance system
They (his parents) are already wealthy.
@@veronicaroach3667You don't have to be that intelligent to be a scammer. Maybe slightly above average
He'll get pardoned and become the next Jordan Belfort, talking about how life used to be, while streaming video games.
put me in the screenshot
He will get murdered the day he steps out
If the next president is democrat, yes.
This kid (mental-wise) lives in his virtual world. Enjoyed some beginner's luck in arbitrage trading between Japanese & US crypto trades and went on believing that he is smarter than the world. Now the world throws the book at him. Welcome to the dungeon of this cold hard physical world. Sad that some respectable investments funds are gullible enough to invest in him.
SBF plan would have worked if Bitcoin & Alt Coins gone broke.
I wonder if he has some type of autism. Just hearing him when he speaks, his body language, his movements, vocabulary, etc. he definitely has a “tik” of some type. Not what you will call “normal”.
@@tomasgomez9925many MANY nerd types have a few traits of autism so are technically autistic.
Apparently he asked Martin Shkreli if the prison has internet. Thinking he'd be in there playing league of legends every day
thank you for this info.
His parents should both be doing the same amount of time....
It's weird to find out it was all planned as a fraud from the start... because FTX had a real chance at being legit and make them billionaires for life.
Narcissist psychopaths have not boundaries, no feelings. Perfect to be a con man
Especially after it did legitimately become successful. He probably could have turned it all around well before anybody became suspicious.
Sure, he would have had to wait longer for the multi-millions to start rolling in but he still could have had his mansion and unlimited LoL funds.
Parents need to go to jail too… where did he learn that sh*t from, huh? Unbelievable
Eloquence on display!
I think 115yrs would be quite much compare to Elizabeth Holmes (11.25yrs).. given that EH actually endangered lives... I think public image does matter a lot after all.. so much for a justice ..
SBF endangered the money supply, which is much more important than mere normal people’s lives and will be punished more harshly. That’s why Bernie Madoff got such a long sentence.
@@glyptodon_chcorrect,if he doesn't get Madoff years the fraudster flood gate is open
@@glyptodon_ch lets hope, he did give a big chunk of what he stole to a political party though, so has protection.
But Theranos was equally a child of stanford project, so the question is do they only care if its about the money or are they just protecting their own.
Endangered the money supply lol
@@CheapSushi Thanks for clarification... I felt that it is worse. Justice for investors but not for patients. If not her, there should be someone responsible for harming people by using as guinea pigs.
...why does his parent look exactly like each other?
Jewish people are all distant cousins. Its borderline incest.
Fascinating and informative video. SBF is definitely a piece of work. The title is pretty click-baity, though. The trial isn't even over yet and nowhere is the video is there any affirmative statement that he will be spending the rest of his life in prison. However likely it is that he will do just that, the fact remains that as yet we really don't know.
😂😂 I’m sorry, but that all-hands meeting speech from Caroline was hilarious!
Yeah but like, sorta, you know, and then kinda, like...
I know I've been following this too closely when I hear Caroline's name and think "ah yes, the wood nymph"
you mean Gollum?
the moral of the story is, "making money legitimately is hard."
Damn! You're a genius. Got anything to sell me. Spending my money through the web is what I like most, except for adult entertainment. AI will save us if we're paying attention!
He will also trip inside his jail cell with sheets wrapped around his neck.
@19:18 “ …the prosecution was salivating…” 😂👍
I wonder if the penny is beginning to drop with SBF that he's going to prison for a long time. I'm sure the headline potential sentence is hundreds of years, but he'll probably get thrown behind bars for 20-30. If he's lucky he'll end up in some medium or low security prison for non-violent crimes but he's going to prison all the same. It must have come as a massive shock to him when they stuck his ass behind bars for witness intimidation when he could have been sat at home through the trial.
It’s America & he has very wealthy parents. So he’ll spend 5ish years in an incredibly comfy “jail”, then he’s going to live in the Bahamas spending the fortune they stashed for him.
Greed has no limits
He mom and dad look like the same person with different hair color 😂.
His parents should also be jailed because they not only enabled his criminal nature but actively encouraged the cheating, lying grifter in him.They are equally crooked and instead of encouraging him to plead guilty and do his time they are doing everything they can to explain away his lies.
He's the fall guy! Everyone associated with this need to be held accountable!
He's the Ceo dumb as s . Hardly the fall guy
Um, the others involved have been charged.
NO, the other platforms that used and abused this system got away scot free. Citadel and Ken griffin groomed him and half his staff to do this. @@alexanderSydneyOz
Also, he's not the fall guy.
He's the arrogant mastermind that the others have rightfully said was the mastermind despite their involvement.
First time I heard a tuber calling SBF a narcissist. Spot on!
I would add a narcissist psychopath because he doesn’t have feelings, they are empty inside. I knew someone like that and he confessed me, he felt numb inside. Exactly like this guy, you have to be a psychopath to con all those famous people.
An important lesson to be learned here. Never con the rich, they have the resources to come after you.
Thats not the lesson.
@@billbally4419 I forgot to say, "for scummy lowlifes who think nothing of swindling people out of their money".
In case you didn't notice, lizzy holmes make similar errors in judgement.
Did you see the 60 minutes segment on SBF? I am still not convinced that really happened.
I posted a comment about his family background, and it disappeared immediately. I take it as a confirmation of my guesses.
after watching this , I'm happy that I abandoned my long dream of owning my own hedge fund company. Just being a simple trader for 10 years and living care free is much better . Thank you, Isekai Manga for inspired me to take those paths. I don't know if I'm not going to be tempted to do the same thing as this guy if i were to follow my dream
Nah, he'll spend 5-6 years in a cozy prison. Hopefully he'll have a computer there so he can finally reach silver rank in League. 😂
The chews have massive political connections. Since they're all black sheep, they will get him out in no-time.
No video games in prison?! Sounds like cruel and unusual punishment. Has anyone checked the constitution? I guess it would say like chess or something. If I was sent to prison I’d be pretty blue without video games
Apparently he asked Martin Shkreli if the prison has internet. Like he's going to spend his sentence playing league of legends
Wow a ceo of a corporation actually charged in the USA I'm amazed, I thought only petty shop lifters were jailed for theft in that country
Idiot. We don't prosecute shop lifters anymore. Jeez shows what you know. I'm not bragging btw😢
You don’t steal from rich people here .
Shows how bigoted towards the USA that you are
Petty shop lifters aren't jailed though lol.
In fact it seems that these days, looting by certain criminals is excused and allowed.
Bankman-Fried is vegan.[30] He was raised in a Jewish family.[146][118]
well done vid.. cheers
I remember this guy treated as a crypto-hero.
Funny how they refer to themselves as executives. They weren't. They were all acting like children.
I have this one question: if it is the case that we need to have a test for a driver's license, why can't we have a test for baby making. Elizabeth Holmes also comes to mind.
@@jcjcviews eugenics
Imagine your last piece of tail being Caroline Ellison🤢😂. And you were a billionaire and that was the best you could do?
Money only gets you so far, it seems.
I still can't believe he did all that he did and lived the way he did. How did he get away with it for that long?
There's no mention of Sam Trabucco in this video - the guy who was just as involved as Ellison as co-CEOs of Alameda but managed to run away with millions before it all fell down
What about the guy that worked for the online gambling company that was the orchestrator of the "God mode" hack?
If he only played League of Legends and didn't do anything else, he would have been a free man. The ability to sit alone in a room would have helped with League of legends.
tell that to guys out there
by doing nothing and playing games all day
you are actually free
@@afaha2214 better than being someone's bitch in a prison
Do prisons have family suites? Sounds like the parents were/are still complicit.
He will probably get a Capone-style cell, same for his folks.
He will be out of prison within 10 years.
Now that weve proved we can punish fraud, i think there's a long list of people we can try
"The lack of access to LOL taking a toll on his mental health" 🤣🤣🤣🤣🤣😂😂😂😂🤣🤣 whit until some dude use his back for XP farming .
In Australia if they jailed him at all, they would keep letting him out to destroy more lives.
Hoping for justice
Yes , he'll be acquitted.
@@NickKautzBecause it's not immoral to steal from non-humans?
No because he didn't steal anything, nor did it ever cross his mind. You don't have to steal when you're a genius that can become a billionaire in 2 years legitimately. That narrative was invented by Coindesk and echo'd by right-leaning independent media that heard he donated to democrats. And who doesn't want to dog pile on the nerdy rich guy that's into altruism and is infinitely more successful? It's the perfect opportunity to feel less insignificant at somebody else's expense.@@ray32245mv
They'll give him a long symbolic sentence with lots of media hurrah and then quietly drop it down to nothing on appeal when media have moved on, his parents will probably hold on to most of their share of the loot. He made the right donations to the right political factions.
He donated to everybody...
He committed the cardinal sin of trying to grift rich people.
*Yeah, no. He donated millions to democrats. Unless he donated to republicans or none at all, he’ll never go to prison or get a cute sentence.*
Ukraine money laundering
iirc both received donations, he was less concerned with political party and more concerned with monopolization on holding the reigns for legislation on exchanges.
edit: typo
Wow. Get this lad access to League of Legends. Poor baby can’t survive without it!
give him LoL, but the worst internet connections and wifi possible 🤣
His punishment should be to play league every waking hour for the rest of his life, right up to his death, only stopping for 3-4 hours of sleep.
I bet you that even then he wouldn't be able to reach silver IV
Strange how Wall Street Millennial doesnt mention the Democratic party once when discussing SBF's political donations, despite the fact that he was their top(!) donor. God knows what they gave him in return. If this was donated to the Trump campaign, he would've mentioned it 50 times.
Underage women
You must not know. He donated heavily to both parties, but he only publicly announced the democratic nominations because it’s better PR in the tech space than republican. He donated almost equal amounts to both to hedge his bets with future Congress.
@@saab9251 I think you are twisting it but appreciate the input. However, we have documentation and money/paper trail of his $40 million dollar donations to the DNC, but only him stating (to the pro-DNC mainstream media) that he donated equally to the GOP using 'undisclosed dark donations'...I see the exact same bs statement in every Liberal mainstream media article about it. I'm sure it would be in both his and (especially) the DNC's best interest to say just that during a fraud scandal at this magnitude in order to save face and avoid bias/potential investigations, but fact is we can easily prove one and not the other. I'm not saying he hasn't donated to influence certain GOP officials, because those he did are part of the same swamp and dont care what party is in charge. But his parents were also Democrat party affiliates and pulled favors accordingly, so I have serious doubt that he's donated anywhere near equally as the media is trying to imply as they have presented no proof to confirm that's the case, only his public statement.
@@saab9251 I dont know why but I cant see my response to you. Either way to keep it short: we have documentation and money/paper trails of his $40 million dollar donations to the Democratic party, but only him stating (after he was caught, to the pro-DNC mainstream media) that he donated equally to the GOP using 'undisclosed dark donations' and no proof of this, despite these having to be disclosed. Of course it would be in his and especially the DNC's best interest to make that statement after a fraud of this magnitude, so no, I dont believe that to be the case. Not to mention that his parents are devout Democrat affiliates.
This guy doesn’t have boundaries.
Don’t forget kids, only steal from the poor.