Sam Bankman-Fried is going to jail::Judge also denied SBF’s request to delay jail time.
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Defraud rich people? Go to jail.
Defraud the rest of us? Get promoted to CEO.
He didn’t defraud the rich lol. The exchange was one of the most popular among cryptocurrency users. There are no minimum and no sign up fees. The number of people he defrauded is probably in the millions.
If anything, knowing crypto, the rich almost certainly had insider knowledge and withdrew their funds before everything collapsed.
Big investors into his company got burned too.
I believe the majority of investors into FTX were pretty much just regular people
That was his real crime. He stole rich people money. Where’s the CEO of bitconnect? Not in jail, I can tell you that.
Jail ≠ prison, this just means he’s going to have a worse time waiting for trial.
Sam Bankman-Is-Fried
This is the best summary I could come up with:
Bankman-Fried had been under house arrest, but prosecutors convinced Judge Lewis A. Kaplan of the Federal District Court in Manhattan that Bankman-Fried had fed documents to the media in order to intimidate a witness in the case.
In June, Bankman-Fried filed a motion to dismiss, hoping that some of those charges would be dropped.
But Kaplan decided that his arguments in the motion were "either moot or without merit,” CNN reported.
In that report, Bankman-Fried shared private writings of Caroline Ellison, a former FTX executive and former girlfriend to Bankman-Fried who has pled guilty and is currently cooperating with law enforcement in their investigation of the cryptocurrency exchange, the Times reported.
The court found that Bankman-Fried tampered with witnesses at least twice, Reuters reported.
According to The New York Times, “The Times, the Reporters Committee for the Freedom of the Press, and a documentarian making a film” about Bankman-Fried “each submitted court filings raising First Amendment concerns about the gag order.”
I’m a bot and I’m open source!
“I’d like to request that jail be delayed, pending the outcome of my other request.”
Wow. That’s some circular shit. No wonder they said no.
But not our kind of prison. he will be going to a nice cush place with all the amenities of the wealthy elite.
