3 ms·

There's a reason SBF was arrested and tried within a year while other complex financial fraud cases take years to get a conviction.

• latchkey 10mo ago
  Dec 11, 2008: Madoff arrested; scheme revealed. March 12, 2009: Madoff pleads guilty to 11 federal felonies. June 29, 2009: Sentenced to 150 years in prison and ordered to forfeit $17.179 billion.
  • bdcravens 10mo ago
    In Madoff's case, he confessed to his sons. So again, this was a case of an insider having the goods, not the result of a speedy investigation.
  • eightman 10mo ago
    I mean yeah Madoff confessed and made the case open and shut. SBF entered a Not Guilty plea but Ellison for all intents and purposes entered a Guilty plea on his behalf with her co-operation.
    • latchkey 10mo ago
      She also had no choice, as SBF was blaming her. The point being that they still didn't really need her help. It was obvious that he committed fraud, and there was plenty of proof of it.
      • LunaSea 10mo ago
        Well it was het fund that lost customers money
  • sidewndr46 10mo ago
    Your timeline is correct, but once Madoff was confronted he just confessed and everything moved forward.
• bfg_9k 10mo ago
  I mean, the guy was constantly high on nootropics and they had no idea what actual investments FTX made. I'd imagine most of the time was just spent untangling that web, his case was more or less a slam dunk.