5 ms·
I believe SBF stated in a recent video that it might be possible for US clients to be “made whole” (indirectly stating everyone else will be fucked). So if he m
by wsc981 4y ago
I believe SBF stated in a recent video that it might be possible for US clients to be “made whole” (indirectly stating everyone else will be fucked). So if he manages to return funds to US investors, would he still be likely to be prosecuted?
- brookst 4y agoEverything is probabalistic. That would reduce the odds by reducing the number of powerful people putting pressure on prosecutors. But plenty of rich and powerful non-US people have influence in the US. And stealing from the rich isn't the only factor at play here. Even if all of the money was returned to everyone, there are plenty of rich/powerful people and institutions who dislike crypto for various legit and corrupt reasons, so there would still be some pressure to prosecute. IMO he's fucked, even aside from the stealing from the rich angle. It's just too high profile and too embarrassing to too many regulatory agencies. He's well into "make an example of" territory.
- pgwhalen 4y agoSBF also stated that he just needed to raise $8B and everything would be okay. I'm not sure if he's delusional or lying, or some combination of the two, but I think we're past the point where we should believe much of what he says.
- brookst 4y agoI mean if you give me $8B, I assure you everything will be ok.
- smilespray 4y agoDon't listen to my sibling poster, I can assure you everything will be OK for $7B!
- brookst 4y agoLook, we can race to the bottom or we can split $7.5B two ways.
- freejazz 4y agoMany Madoff investors were compensated... doesn't change the fact that he committed fraud.
- PaulHoule 4y agoMadoff had ‘borrowed from Peter to pay Paul’ and the victims were rich enough that they didn’t really spend the money so it was possible in the end to shuffle almost all of it back to its rightful owners.
- a_bonobo 4y agoIsn't that what Shkreli tried in his defense, that none of his investors actually lost money? It didn't help him either
- afavour 4y agoEven if we take him at face value here (which we probably shouldn't) it isn't just money, he also made the rich people look like idiots. So retribution feels inevitable.