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They'd retry him. They retry non-famous people with less serious charges and worse cases. Plus there's no other way to get that scarlet letter off the prosecuto
by bragr 3y ago
They'd retry him. They retry non-famous people with less serious charges and worse cases. Plus there's no other way to get that scarlet letter off the prosecutor's record.
- dylan604 3y agoOutside the circles that intersect with HN, how famous is SBF really? My non-tech friends have no clue who he is.
- danpalmer 3y agoThis is pretty huge around tech, finance, politics/political donations, VCs, and advertising. Between that and it being one of the biggest fraud cases ever seen, a retrial is inevitable.
- rtkwe 3y agoHe's been plastered across the news. Embezzling a hundred million dollars will get you some notoriety.
- FireBeyond 3y agoIt's much more than that. In one transaction alone: > Another $413 million had gone directly to Bankman-Fried himself, through his wholly-owned company Paper Bird.
- rtkwe 3y agoI did a quick search and the first result was clipped saying 100 million but it was from a longer sentence that was about one instance. I thought it was billions but trusted the quick googling instead.
- FireBeyond 3y agoI think it will end up being in that region. Certainly billions lost, but the open question is "how big a subset of that is the amount embezzled?"
- rtkwe 3y agoHowever much was shuttled out the back door between FTX and Alameda Research at least.
- pcthrowaway 3y agoLast I heard, prosecution and specialists handling the FTX assets had recovered most of the assets which were considered embezzled/lost. This article says $7.3 Billion have been recovered: https://www.reuters.com/technology/bankrupt-crypto-exchange-ftx-has-recovered-73-bln-assets-attorney-2023-04-12/ https://www.reuters.com/technology/bankrupt-crypto-exchange-...