3 ms·

This is just the conviction. Sentencing is sometime end of March next year. But considering that he was found guilty on all accounts and after the mess he was

This is just the conviction. Sentencing is sometime end of March next year. But considering that he was found guilty on all accounts and after the mess he was making during the trial, his sentence will most likely be no good news for him. He is also kind of being made an example of to encourage more due diligence in the industry. Being bad at business is one thing, but handling billions without basic risk management is basically gambling with customer funds.

kuhewa 3y ago
> but handling billions without basic risk management is basically gambling with customer funds He actively gambled with customer funds, not just basically did because of poor institutional controls.
hoofhearted 3y ago
I agree. I believe the evidence in this trial will support a civil trial against him showing that he pierced the corporate veil, and that he was personally tied to FTX with some of his purchases with company funds.
cedws 3y ago
For someone unfamiliar with law, why is sentencing at a later date and not immediate? Does SBF just get to roam free for 5 months in the meantime?
- mahidol 3y ago
  Considering his bail was revoked before and the notoriety of the case, I have a feeling they are going to make him wait behind bars.
  - skriticos2 3y ago
    Yea, at this point he probably pissed of the judge enough to enjoy his wait behind bars.
- skriticos2 3y ago
  Judicial process is a very methodical thing. Lot's of paper needs to be filled with words and filed properly. Judge needs to review and condense all that and put it together into a judgement that is well reasoned (well, there are layers that assist with that). As for what happens between conviction and sentencing, the typical law answer is: it depends.. He certainly has been in jail for some time already, as he could not help himself from doing stupid things, like contacting witnesses. Maybe it continues, maybe not. Maybe he'll be free for some time after sentencing too. They set a date when he has to show up at the prison. Until then, it's mostly up to the judge. If he is deemed a flight risk, or continues to run his mouth, he very well may spend the time up to his prison sentence in jail. Though, as he cannot mess with his trial any more and he is not generally a danger to community, he could walk around some more. It depends..

kuhewa 3y ago

> but handling billions without basic risk management is basically gambling with customer funds He actively gambled with customer funds, not just basically did because of poor institutional controls.

hoofhearted 3y ago

I agree. I believe the evidence in this trial will support a civil trial against him showing that he pierced the corporate veil, and that he was personally tied to FTX with some of his purchases with company funds.

cedws 3y ago

For someone unfamiliar with law, why is sentencing at a later date and not immediate? Does SBF just get to roam free for 5 months in the meantime?

mahidol 3y ago
Considering his bail was revoked before and the notoriety of the case, I have a feeling they are going to make him wait behind bars.
- skriticos2 3y ago
  Yea, at this point he probably pissed of the judge enough to enjoy his wait behind bars.
skriticos2 3y ago
Judicial process is a very methodical thing. Lot's of paper needs to be filled with words and filed properly. Judge needs to review and condense all that and put it together into a judgement that is well reasoned (well, there are layers that assist with that). As for what happens between conviction and sentencing, the typical law answer is: it depends.. He certainly has been in jail for some time already, as he could not help himself from doing stupid things, like contacting witnesses. Maybe it continues, maybe not. Maybe he'll be free for some time after sentencing too. They set a date when he has to show up at the prison. Until then, it's mostly up to the judge. If he is deemed a flight risk, or continues to run his mouth, he very well may spend the time up to his prison sentence in jail. Though, as he cannot mess with his trial any more and he is not generally a danger to community, he could walk around some more. It depends..