8 ms·

Sam Bankman-Fried is something else. He seems to be incapable of stopping talking, both before and after this saga. He also seems just purely delusional. He's c

by bmitc 4y ago

Sam Bankman-Fried is something else. He seems to be incapable of stopping talking, both before and after this saga. He also seems just purely delusional. He's co-conspirators have readily plead guilty. He has a tough hill to climb. Regarding Sam Trabucco, why do we not hear anything about him in these proceedings? How is it possible that he wasn't involved given he just up and left in just August 2022? Why hasn't he been charged? This seems very strange to me. https://protos.com/scoop-ex-alameda-exec-sam-trabucco-bought-millions-in-property-pre-collapse/ https://protos.com/scoop-ex-alameda-exec-sam-trabucco-bought...

pavlov 4y ago
Maybe Trabucco is a voluntary witness for the prosecution and they don't want to dilute what he's going to say at the trial?
- bmitc 4y ago
  But why isn't he charged as well? His timing on leaving is quite suspicious, and there seems to be no way in which he wasn't both aware and a participant of what was going on. Plus, his personal purchases seem quite suspect, if the claims in the article are true.
whatshisface 4y ago
"At no point was my client aware that FTX was insolvent, and I have 100s of emails and public statements for you to read if you don't believe me." - what a lawyer would hypothetically say.
- Invictus0 4y ago
  Apparently he told CZ it was insolvent in a phone call: https://www.thenationalnews.com/business/2022/11/16/binance-ceo-i-did-not-expect-to-hear-of-ftx-insolvency-in-call-with-sam-bankman-fried/ https://www.thenationalnews.com/business/2022/11/16/binance-...
MuffinFlavored 4y ago
> FTX International and Alameda were both legitimately and independently profitable businesses in 2021, each making billions. From the article. What are your thoughts given this? > Again, FTX's and Alameda's 2021 tax returns suggest they were massively unprofitable.7 Ah. I missed this point right next to it.
- deleted 4y ago
  [deleted]
- breck 4y ago
  > FTX's and Alameda's 2021 tax returns suggest they were massively unprofitable The source for that line is this: https://archive.is/LZ2FM https://archive.is/LZ2FM But it is more complicated than that. And unfortunately the "journalists" have done a bad job of documenting the actual sources.
Aaronstotle 4y ago
I've wondered the same thing, he leaves in August 2022 and there has been no update on his legal standing. Presumably he is a witness/cooperating?
baby-yoda 4y ago
Is Trabucco the Lou Pai[0] of this scandal? How much did he walk away with? [0] https://en.wikipedia.org/wiki/Lou_Pai https://en.wikipedia.org/wiki/Lou_Pai
- bmitc 4y ago
  Reading into that guy is something else. Imagine literally owning a 14,000 foot mountain. Absurd.

by bmitc 4y ago

pavlov 4y ago

Maybe Trabucco is a voluntary witness for the prosecution and they don't want to dilute what he's going to say at the trial?

bmitc 4y ago
But why isn't he charged as well? His timing on leaving is quite suspicious, and there seems to be no way in which he wasn't both aware and a participant of what was going on. Plus, his personal purchases seem quite suspect, if the claims in the article are true.

whatshisface 4y ago

"At no point was my client aware that FTX was insolvent, and I have 100s of emails and public statements for you to read if you don't believe me." - what a lawyer would hypothetically say.

Invictus0 4y ago
Apparently he told CZ it was insolvent in a phone call: https://www.thenationalnews.com/business/2022/11/16/binance-ceo-i-did-not-expect-to-hear-of-ftx-insolvency-in-call-with-sam-bankman-fried/ https://www.thenationalnews.com/business/2022/11/16/binance-...

MuffinFlavored 4y ago

> FTX International and Alameda were both legitimately and independently profitable businesses in 2021, each making billions. From the article. What are your thoughts given this? > Again, FTX's and Alameda's 2021 tax returns suggest they were massively unprofitable.7 Ah. I missed this point right next to it.

deleted 4y ago
[deleted]
breck 4y ago
> FTX's and Alameda's 2021 tax returns suggest they were massively unprofitable The source for that line is this: https://archive.is/LZ2FM https://archive.is/LZ2FM But it is more complicated than that. And unfortunately the "journalists" have done a bad job of documenting the actual sources.

Aaronstotle 4y ago

I've wondered the same thing, he leaves in August 2022 and there has been no update on his legal standing. Presumably he is a witness/cooperating?

baby-yoda 4y ago

Is Trabucco the Lou Pai[0] of this scandal? How much did he walk away with? [0] https://en.wikipedia.org/wiki/Lou_Pai https://en.wikipedia.org/wiki/Lou_Pai

bmitc 4y ago
Reading into that guy is something else. Imagine literally owning a 14,000 foot mountain. Absurd.