Sam Bankman-Fried sentenced to 25 years in prison for orchestrating FTX fraud 
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https://news.ycombinator.com/item?id=39852953
https://news.ycombinator.com/item?id=39852992
https://old.reddit.com/r/wallstreetbets/comments/1bpytbc/holy_mother_of_god/?sort=controversial
https://twitter.com/unusual_whales/status/1773377440582455501
https://twitter.com/disclosetv/status/1773376555328160085
https://twitter.com/Dexerto/status/1773377957660066271
https://twitter.com/EndWokeness/status/1773380776114917712 
And more https://twitter.com/search?q=sam+bankman-fried
Sam Bankman-Fried was sentenced Thursday to 25 years in prison for his role in defrauding users of the collapsed cryptocurrency exchange FTX.
In a Lower Manhattan federal courtroom, U.S. District Judge Lewis Kaplan called the defense's argument misleading, logically flawed, and speculative.
He said Bankman-Fried had committed obstruction of justice and witness tampering while mounting his defense — something Kaplan said he weighed in his sentencing decision.
Bankman-Fried, wearing a beige jailhouse jumpsuit, made a statement striking an apologetic tone, saying he had made a series of "selfish" decisions while leading FTX and "threw it all away."
"It haunts me every day," he said.
Prosecutors had sought as much as 50 years, while Bankman-Fried's legal team argued for no more than 6½ years. He was convicted on seven criminal counts in November and had been held at the Metropolitan Detention Center in Brooklyn ever since.
Bankman-Fried's lawyers had pleaded for leniency, citing what they described as mental health struggles and his purported generosity in his personal life. They also argued that FTX users had not ultimately suffered substantial losses — something current FTX administrator John Ray said was false in a letter to Kaplan in advance of Thursday's sentencing.
But prosecutors argued the brazenness of the crime, the extent of the victims' losses and damages and Bankman-Fried's evident lack of remorse meant a harsher sentence was warranted.
Late Tuesday, prosecutors filed documents from victims testifying about how Bankman-Fried's actions had harmed them.
“My whole life has been destroyed,” wrote one, whose name was redacted, in a letter dated March 15. “I have 2 young children, one born right before the collapse. I still remember the weeks following where I would stare blankly into their eyes, completely empty inside knowing their futures have been stolen through no fault of our own. I did not gamble on crypto. I did not make any crypto gains. I had my [bitcoin] which I had collected over years deposited on FTX as a custodian. I did not agree to the risk that SBF took with my funds.”
The man added he was suffering from depression and that his wife had become suicidal.
“I know we can never make that kind of money back ever again,” he wrote.
Another person wrote about how the loss of funds had affected numerous life plans, including a wedding.
“Each passing day is a painful reminder of the opportunities stolen from me, compounding feelings of hopelessness and despair," the person wrote. "The burden of financial ruin weighs heavily on my shoulders, leading me to grapple with constant thoughts of suicide and significantly impairing my ability to perform at work.”
In the recent annals of white-collar crime, Bankman-Fried's sentence is many years more than what most others found guilty had received. Theranos founder Elizabeth Holmes received about 11 years. Former WorldCom CEO Bernie Ebbers received 25 years. Former Enron CEO Jeff Skilling received 24 years.
!dramatards !r-slurs !fellas get in here!
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What about the WEASEL??? Is she free? Is she safe??
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Yeah, she cut a plea deal and turned on SBF. Never trust a ho while committing billion dollar crimes, fellas.
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He didn't pin her hard enough.
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No!
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In this life you either pin the weasel or the weasel pins you
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I wonder how much money she has hidden away.
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*squirreled away
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What I don't get is if you have billions why are you even messing around with a love interest. you can go buy as many foids as you want.
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If I was pulling a scam on Bankman's level I'd go full sultan and have a harem of hoes. Gotta live it up while you're a free man because you're fricked when it's time to pay the tab no matter what.
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Better yet why was he even in america lmao. Youd think he would stash a billion or so somehow and live in a country where they cant arrest him.
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He was in the Bahamas and they extradited him lol.
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Clearly he should have picked better.
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Classic government that they can essentially blackmail someone into testifying in court and everyone accepts this as totally legitimate and untainted testimony
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In the end, the Weasel pinned him
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It's
ned
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Sometimes you pin the Weasel, and sometimes the Weasel pins a $100 billion fraud charge on you.
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She gives hope to weird 4s with math degrees everywhere.
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Daily reminder that this rodent-human hybrid had 5 millionaires fighting over her.
The standards are lower than the mariana trench, girls are beyond living in tutorial mode now.
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You say that, but maybe she's just that incredible. She did math at Stanford and placed in the Putnam: she's likely smarter than anyone you've ever met. Chances are she knows some crazy tantric s*x maneuvers, too. Like she'll use the Banach-Tarski paradox to turn your peepee inside out for double the pleasure.
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Its 2024 and women still think that being a man is a great way to be a woman. It's obvious those dudes are all closet homos
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Oh wow she got really good at memorizing theorems and tricks for contest questions and rearranging them in short time frames to solve solved problems. Surely such a genius must have been able to make major original contributions to the body of human knowledge.
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She has no game, like the other guy said with the female cop who banged the whole station this is the way things are now, neighbors are this thirsty for a crumb of cooch and odds are she was the only girl around too.
Consider sugarbabies now refuse to put out so now rich nerds can only hope to pay some thot to just be around them.
Rather than "woe is me!" incel cope the real question is why are there any femcels at all now if men are this broken and debased.
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I think that's why the story about the slutty female cop got so much traction. It was a reminder to guys you can't even settle down with a mousy nerdy girl or plain jane in the 2020's. Maybe she would have worked in the church office, married some engineer, been the token girl in your DnD group etc 10/20/30 years ago but now she's no different than some chickenhead from the ghetto.
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~ said
@Nazbro, sobbing as he frantically masturbated
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Get em bb
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Facts. I blame the Kardashians for the current day of hoeflation and the 4/10 who was in my WoW guild getting 500k payouts for being "groomed".
Darn, even Sergey Brin's wife, a mid hapa, can and will cuck you when a tall neurodivergent billionaire comes by.
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What a blast from the past
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The chickenhead at least has butt............and AIDS but we'll deal with one problem at a time.
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!transphobes I misread this as YWNBAW
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you will never be a weasel
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You could say: she weaseled out of it
Trump for prison so he can bunk with bankman fraud
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Getting PINNED by the Attorney General as we speak
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It seems that in your horniness you pinned her.
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Everyone who uses or trades in crypto should be handed out 25 year sentences
Life without parole for NFT traders
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Might I suggest an alternative punishment?
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Alternative? That's included in the package.
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He's not getting sent to that kind of prison
unfortunately
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Never forgetti people were selling their houses to buy jpegs
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Now SBF is the weasel
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Pop goes the weasel
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His name is literally "Scam Bankrun-Fraud". Throwing him in prison for something so integral to his nature is sick and wrong. Might as well jail my dog for pissing on a fire hydrant or something
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Being named Bankman-Fraud and running a finance scam is
If it was a character in a novel you'd say it was too on the nose
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Maybe you shouldn't have named your dog 'Pissy'.
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Trump for prison
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See as a person with an above room temp IQ, when I see "15% return on my deposited funds" and "your money is not insured" i assume some inherent risk.
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If people dont have coins in cold storage they are big regard
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"I didn't gamble on beanie babies, I just put all my life savings into them and gave them to this guy to hold in the hope that the price would skyrocket and I could get rich. Not gambling at all, no sir."
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the difference between buying shares of a company that goes bankrupt, and buying shares of a company that grows another 200% but your broker stole your shares to buy coke.
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what point are you trying to make?
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getting rich for being rslurred is still rslurred.
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sure. but if in 1997 you had $100k worth of beanie babies and someone stole them from you, you would be rightfully angry, even if there's a good chance you'd have held onto them for too long until after the bubble burst.
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yeah, that's all true and w/e but I'll still laugh at her for thinking she could retire on her Large Wallace portfolio
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Should have stored his bitcoin under a bird bath.
Not your wallet not your funds
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he'll be out in ~15 years lol
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He's going too the Feds as a Jew. He will have a massive target on his back
Trans lives matter
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Not if he gets sent here:
https://en.wikipedia.org/wiki/Federal_Correctional_Institution,_Otisville
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Yeah he never ratted. Of course they have a Jew spot too kick it with the pedos
Trans lives matter
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And it will be a “country club” low security prison too.
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I look forward to his rap tape recorded through a prison phone
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I give it 5
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There it is
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I wonder how he's going to explain his crime to some old timer that's been in for 20 years. It would have to be pretty alien to a guy who went in during the Bush administration.
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"So you went in for stealing imaginary money?"
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"No, you see it's an exchange for de-centralized crypto on the block chain!"
"....So computers?"
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Darn, he actually got a real sentence. Probably because he scammed in crypto and the government hates crypto. Hopefully having the naming rights to the Heat's stadium was worth it.
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he was doing photo ops with members of the government
people in congress had him up there and were being all buddy buddy
that's why he got a big sentence. he made them look stupid.
even still though, I think it's appropriate. wouldn't mind if it was even longer tbh.
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Everyone in that courtroom: "They expect one of us in the wreckage brother"
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Muh free money.....
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THATS IT
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Idungeddit
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Did anyone else get in trouble? Just this one guy did everything himself? Maybe they decided the rat face looking girl has a hard enough life already and let her go
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"Just this one guy did everything himself?"
Honestly? He pretty much did. Even the sympathetic book about it all by Michael Lewis has to admit that he was terrible at management but instead of telling the others what he was doing, any time anyone said "Hey Sam, how about we hire on someone who actually knows shit about accounting?" he'd sulk about "don't you believe I have it all in my head, bro?"
With hindsight, of course he didn't want anyone overseeing where the frick the money was going, because he was taking it out as well as robbing Peter to pay Paul. The best account is John Ray's filing for bankruptcy way back, where he lays out exactly how it was good old Sam with the sticky fingers taking out 'loans' and treating the entire thing like his personal piggy bank. Look up the Youtube testimony by Ray to the House Financial Services Committee, he is buying none of Sam's bullshit:
The parents should be in jail right beside him, because they were getting money with both hands from him - Mommy likes to play politics and he was funding things for her, and Daddy just took the 'gift' of that holiday home in the Bahamas.
There were two co-founders with Sam who got money out as well, but not anything like the same amounts, and they're two of the three who turned state's evidence (or however you call it) against him because they had the brains to figure out the shit had well and truly hit the fan and they didn't want to go down with him.
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Oregon is still run by an incredibly corrupt cabal from the governor on down that had their campaigns mostly funded by SBF. For some reason nobody ever talks about this.
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Your pulitzer's in the mail
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Financels flaunted it in Wolf of Wall Street and have been getting fricked ever since
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RIP to a real one
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"You mean you're getting LESS than half our sentence?!"
The kittypass never ends
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Lizzie girl didn't straight up steal the money, she just pulled a Juicero and ripped off investors claiming that her product was not-terrible.
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It's his "generosity" that makes me wish he got 75 years.
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This is completely political
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FRICK PALESTINE... FREE SBF
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The sub consists of various irony posters: "dirtbag leftists" (stupidpol), third-positionists (consumeproduct), and of course deuxrama whose posters are on an indeterminate number of levels of irony.
Snapshots:
https://www.nbcnews.com/business/business-news/sam-bankman-fried-sentenced-20-years-prison-orchestrating-ftx-fraud-rcna145286:
ghostarchive.org
archive.org
archive.ph (click to archive)
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SBF did nothing wrong
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You fricked around and found out
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