6 ms·

This whole thing is so bizarre. It is almost like Brian Armstrong or Jesse Powell exit scamming their respective exchanges, or perhaps my impression of SBF has

This whole thing is so bizarre. It is almost like Brian Armstrong or Jesse Powell exit scamming their respective exchanges, or perhaps my impression of SBF has been completely wrong. If SBF does intend to be a fugitive, does he really think this is going to end up OK for him?

sillysaurusx 4y ago
He really thought FTX US was solvent less than 24 hours before declaring bankruptcy. Either he’s a fraud or he’s clueless. Either way, he’s not thinking, let alone whether he’ll end up ok. I’m struggling to phrase this in a high brow way, but being the son of powerful parents might be a factor too. It’s possible that this is the first time in his life that anyone is telling him not to do X for an X he really wanted to do. Him being the second largest donor to the Democratic Party will really test the rule of law. Does it apply to the powerful? We’ll see.
- Bubble_Pop_22 4y ago
  > Him being the second largest donor to the Democratic Party will really test the rule of law. Does it apply to the powerful? We’ll see. Past money only gives you leverage as long as people believe there are potentially plenty more in the future to get.
- readthenotes1 4y ago
  Given how he stole customer funds to prop up Alameda, fraud is far more likely than clueless
- rejectfinite 4y ago
  >He really thought FTX US was solvent less than 24 hours before declaring bankruptcy No, he SAID he did. I don't know if you know this, but people can... lie!!!! u_u
  - saurik 4y ago
    While I also caught that wording mistake, the checksum in the next sentence--which includes "either he's a fraud"--indicates sillysaurusx does understand this and simply worded that first sentence awkwardly (so there's no need to get quite so intense).
- pcwalton 4y ago
  > Him being the second largest donor to the Democratic Party will really test the rule of law. Does it apply to the powerful? We’ll see. Bernie Madoff was a large donor to the Democrats and it didn't help him one bit. I see no reason to believe that the situation will be any different regarding SBF, if he is indeed culpable.
  - WontGetFooled 4y ago
    Bernie Madoff got away with it for 40 years BECAUSE he was making money for the powerful, not despite it.
wslh 4y ago
I think jail is the most secure place to him, IMHO if he doesn't end up in jail someone will kill him, he screwed good and bad actors. It is not like Madoff screwing people who will not retaliate at the violent level.
- babyshake 4y ago
  If you believe the theories about Epstein etc, jail is not always a secure place if people want you dead.
  - pclmulqdq 4y ago
    The difference is that Epstein had dirt on them, some of which is also in a few little black books that the FBI has probably lost from their evidence locker. Epstein and Maxwell are the only human traffickers ever to be convicted without anyone in the DoJ even questioning who they trafficked children to. SBF and Madoff just took some of their money.
    - ev0lv 4y ago
      >>who they trafficked children to Well, in the very least, we have flight logs. I think that's better than nothing.
  - wslh 4y ago
    Interesting to discuss this. Assuming Epstein was killed, I think Epstein case is special for his strong connections with the US power AND knowledge about these people and organizations. I don't it is easy to work at the jail level (without leaving tracks) if you are not a US insider. I see the SBF case different: he has screwed people around the globe with multiple different ethics about how to solve the issue. I see his position comparable with Salman Rushdie situation but not related with religion. BTW, where can someone learn about the Epstein story? In the surface it seems a very rare character, for me, at least, it is difficult to connect the pederastian and procurer with someone who made a lot of money from other unknown activities. It seems these two, are separate things and it is not clear why he don't just pursued one of these activities and why he and Maxwell were abusing people at the same time instead of separating their business with their personal sexual choices. Top drug dealers see drugs as a business because having an addiction will ruin it.
mjr00 4y ago
> If SBF does intend to be a fugitive, does he really think this is going to end up OK for him? Honestly, if he manages to sneak to Laos or the Maldives, even with a mere $100m or so? Yeah he'd most likely be fine, especially if he lays low. A similar example at smaller scale is Sam Jain[0] who ran eFront in the early 00s; he defrauded businesses of tens of millions and ran off somewhere. He's been a fugitive for over a decade but still has multiple millions of dollars to life off of. Biggest difference is Jain was mainly defrauding businesses, whereas SBF defrauded billionaires... wherever he goes, I'm sure 24/7 armed security is going to be on his shopping list. [0] https://en.wikipedia.org/wiki/Jain_Shaileshkumar https://en.wikipedia.org/wiki/Jain_Shaileshkumar
- funstuff007 4y ago
  or Gerald Cotten https://en.wikipedia.org/wiki/Quadriga_Fintech_Solutions https://en.wikipedia.org/wiki/Quadriga_Fintech_Solutions
- deleted 4y ago
  [deleted]
- misiti3780 4y ago
  fine is a stretch, being stuck in a country for the rest of your life when you're 30 years old sucks. not being able to see your parents etc. on top of all of that, im sure there are a large number of people that want him dead at this point?
papito 4y ago
The U.S. law enforcement really starts the Consequence Train up if the wrong people get screwed. Ironically, the billionaires who seek justice for their scammers are the ones who also spend a ton of money gutting the government of its power of prosecution and oversight.
- prirun 4y ago
  Don't worry: the JustUs department's power is ready to go for the right people, just not us.
nemo44x 4y ago
He’s probably in the panic/negotiation phase of it all. He knows he’s cooked but possibly he can escape with enough money to pay the right people in the right places what they need to secure passage for himself.
shiado 4y ago
Your impression was wrong. Zhu Su of 3AC infamy had the evidence sitting on Twitter since 2019 and nobody cared. https://twitter.com/zhusu/status/1116945693946433536 https://twitter.com/zhusu/status/1116945693946433536
jonathankoren 4y ago
Isn’t SBF now in Argentina? https://twitter.com/flightradar24/status/1591348369271971841?s=46&t=V_7maaW1KCn_zGzAuNHQJw https://twitter.com/flightradar24/status/1591348369271971841...
- nberkman 4y ago
  Unlikely: https://www.aviacionline.com/2022/11/has-sam-bankman-fried-escaped-to-argentina-after-ftx-collapse-what-we-know/ https://www.aviacionline.com/2022/11/has-sam-bankman-fried-e...
- rippercushions 4y ago
  That would be a weird choice, since Argentina has an extradition treaty with the US.
  - sjtgraham 4y ago
    Has borders with 5 other countries he can disappear into, including Brazil, which won't extradite him if he fathers a Brazilian child.
sschueller 4y ago
I would be much more worried about people that lost money than being a fugitive. People like this end up dead before any law enforcement gets to them.

sillysaurusx 4y ago

He really thought FTX US was solvent less than 24 hours before declaring bankruptcy. Either he’s a fraud or he’s clueless. Either way, he’s not thinking, let alone whether he’ll end up ok. I’m struggling to phrase this in a high brow way, but being the son of powerful parents might be a factor too. It’s possible that this is the first time in his life that anyone is telling him not to do X for an X he really wanted to do. Him being the second largest donor to the Democratic Party will really test the rule of law. Does it apply to the powerful? We’ll see.

Bubble_Pop_22 4y ago
> Him being the second largest donor to the Democratic Party will really test the rule of law. Does it apply to the powerful? We’ll see. Past money only gives you leverage as long as people believe there are potentially plenty more in the future to get.
readthenotes1 4y ago
Given how he stole customer funds to prop up Alameda, fraud is far more likely than clueless
rejectfinite 4y ago
>He really thought FTX US was solvent less than 24 hours before declaring bankruptcy No, he SAID he did. I don't know if you know this, but people can... lie!!!! u_u
- saurik 4y ago
  While I also caught that wording mistake, the checksum in the next sentence--which includes "either he's a fraud"--indicates sillysaurusx does understand this and simply worded that first sentence awkwardly (so there's no need to get quite so intense).
pcwalton 4y ago
> Him being the second largest donor to the Democratic Party will really test the rule of law. Does it apply to the powerful? We’ll see. Bernie Madoff was a large donor to the Democrats and it didn't help him one bit. I see no reason to believe that the situation will be any different regarding SBF, if he is indeed culpable.
- WontGetFooled 4y ago
  Bernie Madoff got away with it for 40 years BECAUSE he was making money for the powerful, not despite it.

wslh 4y ago

I think jail is the most secure place to him, IMHO if he doesn't end up in jail someone will kill him, he screwed good and bad actors. It is not like Madoff screwing people who will not retaliate at the violent level.

babyshake 4y ago
If you believe the theories about Epstein etc, jail is not always a secure place if people want you dead.
- pclmulqdq 4y ago
  The difference is that Epstein had dirt on them, some of which is also in a few little black books that the FBI has probably lost from their evidence locker. Epstein and Maxwell are the only human traffickers ever to be convicted without anyone in the DoJ even questioning who they trafficked children to. SBF and Madoff just took some of their money.
  - ev0lv 4y ago
    >>who they trafficked children to Well, in the very least, we have flight logs. I think that's better than nothing.
- wslh 4y ago
  Interesting to discuss this. Assuming Epstein was killed, I think Epstein case is special for his strong connections with the US power AND knowledge about these people and organizations. I don't it is easy to work at the jail level (without leaving tracks) if you are not a US insider. I see the SBF case different: he has screwed people around the globe with multiple different ethics about how to solve the issue. I see his position comparable with Salman Rushdie situation but not related with religion. BTW, where can someone learn about the Epstein story? In the surface it seems a very rare character, for me, at least, it is difficult to connect the pederastian and procurer with someone who made a lot of money from other unknown activities. It seems these two, are separate things and it is not clear why he don't just pursued one of these activities and why he and Maxwell were abusing people at the same time instead of separating their business with their personal sexual choices. Top drug dealers see drugs as a business because having an addiction will ruin it.

mjr00 4y ago

> If SBF does intend to be a fugitive, does he really think this is going to end up OK for him? Honestly, if he manages to sneak to Laos or the Maldives, even with a mere $100m or so? Yeah he'd most likely be fine, especially if he lays low. A similar example at smaller scale is Sam Jain[0] who ran eFront in the early 00s; he defrauded businesses of tens of millions and ran off somewhere. He's been a fugitive for over a decade but still has multiple millions of dollars to life off of. Biggest difference is Jain was mainly defrauding businesses, whereas SBF defrauded billionaires... wherever he goes, I'm sure 24/7 armed security is going to be on his shopping list. [0] https://en.wikipedia.org/wiki/Jain_Shaileshkumar https://en.wikipedia.org/wiki/Jain_Shaileshkumar

funstuff007 4y ago
or Gerald Cotten https://en.wikipedia.org/wiki/Quadriga_Fintech_Solutions https://en.wikipedia.org/wiki/Quadriga_Fintech_Solutions
deleted 4y ago
[deleted]
misiti3780 4y ago
fine is a stretch, being stuck in a country for the rest of your life when you're 30 years old sucks. not being able to see your parents etc. on top of all of that, im sure there are a large number of people that want him dead at this point?

papito 4y ago

The U.S. law enforcement really starts the Consequence Train up if the wrong people get screwed. Ironically, the billionaires who seek justice for their scammers are the ones who also spend a ton of money gutting the government of its power of prosecution and oversight.

prirun 4y ago
Don't worry: the JustUs department's power is ready to go for the right people, just not us.

nemo44x 4y ago

He’s probably in the panic/negotiation phase of it all. He knows he’s cooked but possibly he can escape with enough money to pay the right people in the right places what they need to secure passage for himself.

shiado 4y ago

Your impression was wrong. Zhu Su of 3AC infamy had the evidence sitting on Twitter since 2019 and nobody cared. https://twitter.com/zhusu/status/1116945693946433536 https://twitter.com/zhusu/status/1116945693946433536

jonathankoren 4y ago

Isn’t SBF now in Argentina? https://twitter.com/flightradar24/status/1591348369271971841?s=46&t=V_7maaW1KCn_zGzAuNHQJw https://twitter.com/flightradar24/status/1591348369271971841...

nberkman 4y ago
Unlikely: https://www.aviacionline.com/2022/11/has-sam-bankman-fried-escaped-to-argentina-after-ftx-collapse-what-we-know/ https://www.aviacionline.com/2022/11/has-sam-bankman-fried-e...
rippercushions 4y ago
That would be a weird choice, since Argentina has an extradition treaty with the US.
- sjtgraham 4y ago
  Has borders with 5 other countries he can disappear into, including Brazil, which won't extradite him if he fathers a Brazilian child.

sschueller 4y ago

I would be much more worried about people that lost money than being a fugitive. People like this end up dead before any law enforcement gets to them.