Bankman got fried, will he do time?

He'll almost definitely do a good chunk of time. From what I read his defence mostly consisted of "I didn't know it was illegal". He'll never have money to pay any kind of fines/damages, and his parents who were both law professors, are also in legal trouble of their own due to their involvement in trying to help him out. They're both being sued by FTX.

Who would have thought a finance system with less oversight and fewer regulations would be open to abuse? Absolutely shocker.

Did you get burned yourself Doc?

I honestly thought a fella had gotten elecrocuted on a building site while on to his crane driver on a walkie-talkie

“Bankman”

the computer simulation is always hopeless with original names to fit the story

Yes for me it has been.

Bored Ape NFTS will regain some of their allure in future , that's good info you provided.

I believe you ‘took a bath’ Bobby?

Have you a ‘go fund me’ vehicle set up?

The thing is he built this himself so it wasn't really 'put a kid in charge'. He had the skills and ideas to move quickly but not ethics and also was reckless with risk Management.

Of course the venture capital and existing players who funded him got greedy and didn't want to miss out on a good thing.

he should not have marketed to US citizens either, not sure what he was thinking in that regard. Many crypto companies ban US customers from using their platform. They created FTX US but that didn't save him .

Vast majority of the money has been recovered it should be considered in his sentencing at least.

I for one would like to welcome Michael Lewis to boards.

He destroyed countless lives. You can't compare Brevik because they're completely different justice systems.

What's the point? He'll be jailed for decades regardless. He also gave the republican party loads of money as well.

You need new radar. It's covered all over the place. Another trials not needed as he's going to gaol for a long time anyway. So what point are you trying to make, exactly?

Me too !

No he won't.

"The government told US District Judge Lewis Kaplan in a letter Friday that in the interest of expediency it would drop plans to try Bankman-Fried for conspiracy to bribe foreign officials, commit bank fraud and operate an unlicensed money transmitting business, among other charges."

source: https://www.businesspost.ie/news/sam-bankman-fried-spared-second-trial-on-remaining-charges/#:~:text=Fallen%20cryptocurrency%20king%20Sam%20Bankman,month%2C%20prosecutors%20told%20a%20judge.

Who benefits from an interest in expediency? Well, his backers in the DNC do. They want to put the story behind them as quickly as possible.

I should add: YES he'll go to 'jail'. One of those hotel/leisure centre type places for the uber wealthy. But he'll get a lenient sentence.

"But in a new interview, Bankman-Fried has claimed he gave equally large amounts of money to Republicans."

Show me the money.