5 ms·

Knowing how connected the guy is, I'm guessing he'll only serve a few years at most. I sincerely hope I'm mistaken.

batmenace 4y ago
Eh, it feels like he may have donated a lot, but he wasn't crazy popular. Plus, not like he's had a long track record of donations over many years. I am not sure anyone with much influence will stick their neck out for someone like him
- TrickyRick 4y ago
  And also the money's gone (Probably). It's not like he has tonnes of money hidden away like other rich people on trial, so even if he gets bailed out by being buddies with the right people, it's not like he will make billions in campaign donations again any time soon.
- rootusrootus 4y ago
  I agree; politicians have a singular goal -- reelection. Supporting SBF at this point can only hurt. They will not be extending him any favors.
  - cycrutchfield 4y ago
    What do you expect politicians to do with respect to prosecution by the DOJ? Genuinely curious
    - LudwigNagasena 4y ago
      How does political corruption work? We would need to visit a party in Washington DC to be able to describe it precisely, but it probably can be summarized as “one hand washes the other.”
      - cycrutchfield 4y ago
        Very imaginative, but a little short on evidence.
        LudwigNagasena 4y ago
        You think there is no evidence that corruption exists? Or maybe you think it’s just “a few bad apples” problem?
        cycrutchfield 4y ago
        I think you haven’t provided any evidence that politically connected people routinely avoid prosecution.
- SoftTalker 4y ago
  Yep, once they realize more money won't be coming, past donations aren't worth much in the way of future favors.
likpok 4y ago
Being extraordinarily connected did not help Madoff much: he was sentenced to 150 years in prison and died there last year.
- Loughla 4y ago
  The cynic in me says that it really does matter who you defraud. Where Madoff went wrong was ripping off other rich people. So, if SBF defrauded more upper- than middle- or working-class folks, then he's screwed.
  - cycrutchfield 4y ago
    This is silly. You think the career DOJ prosecutors are looking at the list of victims and only deciding to prosecute if there is a rich person on the list?
    - whatshisface 4y ago
      A lot of the things that defraud non-wealthy people (multi-level marketing, all of those "supplements" you can buy in the medicine isle, false advertising) aren't illegal or practical to sue over. Let's look at one particular example, the stop the steal scam. Thousands of people were tricked in to donating to the ringleaders of an impossible political cause based on false claims, and none of them are going to jail for that in particular. You could find dozens of similar examples just by keeping an eye on the news, but nobody thinks about it because a certain type of con with victims that professionals can't empathize with has become normalized.
      - NaturalPhallacy 4y ago
        Or BLM leaders taking millions in donations and using it to buy houses.
      - cycrutchfield 4y ago
        Didn’t Bannon et al. get indicted for a very similar scheme for some impossible border wall project? Seems like these things require patience
rootusrootus 4y ago
Connections purchased with money only last as long as the money does.
deleted 4y ago
[deleted]

Eh, it feels like he may have donated a lot, but he wasn't crazy popular. Plus, not like he's had a long track record of donations over many years. I am not sure anyone with much influence will stick their neck out for someone like him

TrickyRick 4y ago
And also the money's gone (Probably). It's not like he has tonnes of money hidden away like other rich people on trial, so even if he gets bailed out by being buddies with the right people, it's not like he will make billions in campaign donations again any time soon.
rootusrootus 4y ago
I agree; politicians have a singular goal -- reelection. Supporting SBF at this point can only hurt. They will not be extending him any favors.
- cycrutchfield 4y ago
  What do you expect politicians to do with respect to prosecution by the DOJ? Genuinely curious
  - LudwigNagasena 4y ago
    How does political corruption work? We would need to visit a party in Washington DC to be able to describe it precisely, but it probably can be summarized as “one hand washes the other.”
    - cycrutchfield 4y ago
      Very imaginative, but a little short on evidence.
      - LudwigNagasena 4y ago
        You think there is no evidence that corruption exists? Or maybe you think it’s just “a few bad apples” problem?
        cycrutchfield 4y ago
        I think you haven’t provided any evidence that politically connected people routinely avoid prosecution.
SoftTalker 4y ago
Yep, once they realize more money won't be coming, past donations aren't worth much in the way of future favors.

likpok 4y ago

Being extraordinarily connected did not help Madoff much: he was sentenced to 150 years in prison and died there last year.

Loughla 4y ago
The cynic in me says that it really does matter who you defraud. Where Madoff went wrong was ripping off other rich people. So, if SBF defrauded more upper- than middle- or working-class folks, then he's screwed.
- cycrutchfield 4y ago
  This is silly. You think the career DOJ prosecutors are looking at the list of victims and only deciding to prosecute if there is a rich person on the list?
  - whatshisface 4y ago
    A lot of the things that defraud non-wealthy people (multi-level marketing, all of those "supplements" you can buy in the medicine isle, false advertising) aren't illegal or practical to sue over. Let's look at one particular example, the stop the steal scam. Thousands of people were tricked in to donating to the ringleaders of an impossible political cause based on false claims, and none of them are going to jail for that in particular. You could find dozens of similar examples just by keeping an eye on the news, but nobody thinks about it because a certain type of con with victims that professionals can't empathize with has become normalized.
    - NaturalPhallacy 4y ago
      Or BLM leaders taking millions in donations and using it to buy houses.
    - cycrutchfield 4y ago
      Didn’t Bannon et al. get indicted for a very similar scheme for some impossible border wall project? Seems like these things require patience

rootusrootus 4y ago

Connections purchased with money only last as long as the money does.

deleted 4y ago

[deleted]