• Crypto Bro SBF Guilty On All Counts - Sentence Adds Up to 100+ Years

    From 56d.1152@21:1/5 to All on Fri Nov 3 00:09:32 2023
    XPost: talk.politics.misc, alt.politics.usa, alt.crime

    https://www.dailymail.co.uk/news/article-12698245/sam-bankman-fried-ftx-trial-verdict.html

    https://www.dailymail.co.uk/news/article-12698679/Demise-Sam-Bankman-Fried-32-billion-cryptocurrency-empire-triggered-single-tweet-industry-rival-Changpeng-Zhao-caused-rush-withdrawals-FTX-customers-lost-everything.html

    . . .

    Ok ... he'll probably be out in 10 years - after
    all he donated big to DEMS :-)

    Anyway, he started a kind of pyramid scheme - maybe
    not so intentional at first. Made lots of money,
    skimmed/spent even more. New clients paid for the
    debts, so long as he could keep suckering them in.
    He DID manage to sucker them in for awhile too -
    until someone outside kinda got a look at the books.

    Then BOOM ... the fate of all pyramid schemes. Umpteen
    BILLIONS gone. Even SBF was basically broke - he'd
    blown it all on the Billionaires Lifestyle. Ain't
    nothin' to get back.

    Yea, yea, he probably has a little stash or two
    somewhere - maybe a bag of gold coins buried under
    Washington's nose at Mt. Rushmore - but all in all
    he's broke and ain't gonna do Billionaires Lifestyle
    ever again.

    Awwww ... SO sad ..........

    Hmmmm ... what's happened with the OTHER players at FTX ?
    That hyper-geek-lookin' woman Caroline Ellison comes to
    mind. Did she roll-over on Sam ? Rumor is that she was
    a red-hot geek - hey ya don't need cover-girl looks ! :-)

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