5 ms·

Why did he stay in the bahamas? Was he allowed to travel?

by mardifoufs 4y ago

magic_man 4y ago
Maybe he was scared he was going to get arrested in the US?
- LudwigNagasena 4y ago
  Is it a good reason to stay in a country that has an extradition treaty with the US?
  - 323 4y ago
    The only places safe from US are China, Russia, North Korea, Iran. FTX had a lot of customers in Hong Kong. So where do you go?
    - ender341341 4y ago
      Also, what does he offer any of those places. I guess he might be able to help NK with their crypto scams, but I'd prefer a US prison to even the better off in NK. Places don't just accept people running from the USG for shits and giggles, Russia accepted snowden to rub it in the US's face, not out of any belief he was a wronged hero.
    - Dustyl 4y ago
      North Korea might’ve welcomed another Blockchain advisor ever since Virgil Griffith’s imprisonment.
      - deleted 4y ago
        [deleted]
323 4y ago
It's an island. Tough to get off even if not arrested. I'm sure if he tried to get on a plane all kinds of "problems" would have appeared (computer not working, ...) If he tried a boat, "oh look, it's leaking oil, we can't let it leave and pollute the waters". Bahamas will have absolutely not let him get out of their sight. They have so much egg on their face. I can even see the titles if he left "Did he bribed Bahamas officials to look the other way?" ...
- LudwigNagasena 4y ago
  Surely he had enough money to order a private jet or yacht or both.
  - deleted 4y ago
    [deleted]
  - 323 4y ago
    You still pass through passport control. There was talk that he was followed around everywhere in Bahamas by the police. Like I said, there are ways to keep someone on an island without arresting them. Especially in this case, what was he going to do, sue?
    - rosnd 4y ago
      >You still pass through passport control. On a boat? Usually not. Most people island hopping in the Caribbean definitely aren't going through any kind of passport controls. Unless the cops were following him everywhere he went, Bahamas would be one of the easier places to escape.
      - acdha 4y ago
        How many of those other countries have people who lost money? What are the odds that some of the people he ripped off have very muscular friends who want to have a private chat about repayment timeframes? What are the odds that they know the kind of people you’d need to get fake ID or live undercover?
DabbyDabberson 4y ago
I can't imagine why he wouldn't flee. If i was committing ~9 figures worth of fraud, I would have huge stashes of 1oz gold bars buried in countries without extradition like Vietnam and venezuela. He seems like he had no exit plan thought up. Madoff got 150 years in prison, and i dont see any reason why SBF would get any less.
- JumpCrisscross 4y ago
  > can't imagine why he wouldn't flee He lost the locals' money too [1]. They weren't letting him go anywhere. [1] https://www.bloomberg.com/news/articles/2022-12-12/bahamas-probes-ftx-local-clients-withdrawals-during-implosion?srnd=premium https://www.bloomberg.com/news/articles/2022-12-12/bahamas-p...
- mccorrinall 4y ago
  > Madoff got 150 years in prison, and i dont see any reason why SBF would get any less. I actually see one: SBF mostly mishandled unregulated magic beans on an unregulated exchange (FTX.com). The unregulated magic beans on the regulated exchange FTX.US are still there, waiting for withdrawal, according to his tweets. US customers weren’t even allowed to register on FTX.com, which was outside the US. Anyway, he still kinda defrauded Sequoia and friends, who didn’t buy magic beans but actual shares of the FTX exchanges (not sure about whether .com, .us or both)! But maybe he still gets less than 150 years..
  - abigail95 4y ago
    The customers sent real money to FTX that was lost. Even if they only sent magic beans, wire fraud covers any form of property - not just money.
- jsemrau 4y ago
  That might be the inexperience. He used pretty much every outlet out there to talk about his story and what really surprised me was the naïveté of SBF and Caroline.
- quesera 4y ago
simple-thoughts 4y ago
Seems a bit ignorant of politics. For instance he planned to travel to Dubai which would obviously extradite him. Silver spoon son of Stanford profs probably thought his donations made him invulnerable. Thankfully it’s embarrassing enough to the right people that he is wrong.
dibt 4y ago
> Why did he stay in the bahamas? Was he allowed to travel? He answered this question at the beginning of this interview: https://www.youtube.com/watch?v=zGNiYt1GN_4 https://www.youtube.com/watch?v=zGNiYt1GN_4 "from my perspective, it's not about looking to go home.... this is were I've been running FTX from.... there are still things that need to get done."

Why did he stay in the bahamas? Was he allowed to travel?

magic_man 4y ago

Maybe he was scared he was going to get arrested in the US?

LudwigNagasena 4y ago
Is it a good reason to stay in a country that has an extradition treaty with the US?
- 323 4y ago
  The only places safe from US are China, Russia, North Korea, Iran. FTX had a lot of customers in Hong Kong. So where do you go?
  - ender341341 4y ago
    Also, what does he offer any of those places. I guess he might be able to help NK with their crypto scams, but I'd prefer a US prison to even the better off in NK. Places don't just accept people running from the USG for shits and giggles, Russia accepted snowden to rub it in the US's face, not out of any belief he was a wronged hero.
  - Dustyl 4y ago
    North Korea might’ve welcomed another Blockchain advisor ever since Virgil Griffith’s imprisonment.
    - deleted 4y ago
      [deleted]

323 4y ago

It's an island. Tough to get off even if not arrested. I'm sure if he tried to get on a plane all kinds of "problems" would have appeared (computer not working, ...) If he tried a boat, "oh look, it's leaking oil, we can't let it leave and pollute the waters". Bahamas will have absolutely not let him get out of their sight. They have so much egg on their face. I can even see the titles if he left "Did he bribed Bahamas officials to look the other way?" ...

LudwigNagasena 4y ago
Surely he had enough money to order a private jet or yacht or both.
- deleted 4y ago
  [deleted]
- 323 4y ago
  You still pass through passport control. There was talk that he was followed around everywhere in Bahamas by the police. Like I said, there are ways to keep someone on an island without arresting them. Especially in this case, what was he going to do, sue?
  - rosnd 4y ago
    >You still pass through passport control. On a boat? Usually not. Most people island hopping in the Caribbean definitely aren't going through any kind of passport controls. Unless the cops were following him everywhere he went, Bahamas would be one of the easier places to escape.
    - acdha 4y ago
      How many of those other countries have people who lost money? What are the odds that some of the people he ripped off have very muscular friends who want to have a private chat about repayment timeframes? What are the odds that they know the kind of people you’d need to get fake ID or live undercover?

DabbyDabberson 4y ago

I can't imagine why he wouldn't flee. If i was committing ~9 figures worth of fraud, I would have huge stashes of 1oz gold bars buried in countries without extradition like Vietnam and venezuela. He seems like he had no exit plan thought up. Madoff got 150 years in prison, and i dont see any reason why SBF would get any less.

JumpCrisscross 4y ago
> can't imagine why he wouldn't flee He lost the locals' money too [1]. They weren't letting him go anywhere. [1] https://www.bloomberg.com/news/articles/2022-12-12/bahamas-probes-ftx-local-clients-withdrawals-during-implosion?srnd=premium https://www.bloomberg.com/news/articles/2022-12-12/bahamas-p...
mccorrinall 4y ago
> Madoff got 150 years in prison, and i dont see any reason why SBF would get any less. I actually see one: SBF mostly mishandled unregulated magic beans on an unregulated exchange (FTX.com). The unregulated magic beans on the regulated exchange FTX.US are still there, waiting for withdrawal, according to his tweets. US customers weren’t even allowed to register on FTX.com, which was outside the US. Anyway, he still kinda defrauded Sequoia and friends, who didn’t buy magic beans but actual shares of the FTX exchanges (not sure about whether .com, .us or both)! But maybe he still gets less than 150 years..
- abigail95 4y ago
  The customers sent real money to FTX that was lost. Even if they only sent magic beans, wire fraud covers any form of property - not just money.
jsemrau 4y ago
That might be the inexperience. He used pretty much every outlet out there to talk about his story and what really surprised me was the naïveté of SBF and Caroline.
quesera 4y ago

simple-thoughts 4y ago

Seems a bit ignorant of politics. For instance he planned to travel to Dubai which would obviously extradite him. Silver spoon son of Stanford profs probably thought his donations made him invulnerable. Thankfully it’s embarrassing enough to the right people that he is wrong.

dibt 4y ago

> Why did he stay in the bahamas? Was he allowed to travel? He answered this question at the beginning of this interview: https://www.youtube.com/watch?v=zGNiYt1GN_4 https://www.youtube.com/watch?v=zGNiYt1GN_4 "from my perspective, it's not about looking to go home.... this is were I've been running FTX from.... there are still things that need to get done."