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271.
by from 4y ago
Interesting how almost no one commented on the actual article here. I think this ownership probably has to more do with the fact that mainstream banks don't want to get near crypto exchanges than some kind of corrupt conspiracy. The
272.
by from 4y ago
I mean yes it's true that JP Morgan isn't going to go bankrupt if they cash some bad checks but at the end of the day that's money that could go to opening new branches, hiring employees, paying bonuses or depositors more int
273.
by from 4y ago
Cases are not built in a week. Especially white collar cases where they have to prove intent and they can't just use drugs they found on their person. They have to prove beyond a reasonable doubt that SBF devised any scheme or artifi
274.
by from 4y ago
It's probably not slave labor. It may be really poorly paid labor but if you had slave labor you'd probably use it for something profitable like construction like they do in the Persian gulf countries instead of solving captchas
275.
by from 4y ago
Well it is true to some extent. Tammany Hall was notoriously corrupt but did lots of things for immigrants who would've otherwise had no help and arguably was ethically net neutral. https://www.npr.org/2014/03&#
276.
by from 4y ago
It’s almost entirely dependent on the judge. Matsumoto in EDNY would probably give him like 9 years or something like that but there are stricter judges. If his case is in California then it’d be different too.
277.
by from 4y ago
He's still alive. What Weiss did was arguably a lot worse than what Holmes did. Him and his friends basically stole half a billion dollars from an insurance company in what was at the time one of the largest corporate frauds ever. I
278.
by from 4y ago
People who defend bail just see bail as something that maximizes the likelihood the accused actually show up to court. In a high trust society it wouldn't be necessary, but we don't have that. Most people who are arrested are ac
279.
by from 4y ago
Would society be any better off if she got 20 years vs 11 years (also accounting for the $300000 those 9 years would cost the government)? I guess read https://www.nbcnews.com/think/opinion/elizabeth-holmes-sente.
280.
by from 4y ago
There are 3 possibilities to explain this. 1) Their crime was more violent in nature 2) They had a prior record and could be considered a danger to the community 3) Their lawyers weren't as good as Holmes' were
281.
by from 4y ago
"Acceptance of responsibility" is like -3 points on the guidelines. That won't change the fact that he's still at like +40 points for the enormous loss amount, the huge number of victims, and the number of victims who s
282.
by from 4y ago
Not unless you're considered a flight risk or a danger to the community. People usually sell their house, car, cancel utilities, say goodbyes, etc. It's pretty sad to be honest (not saying that most of it isn't deserved).
283.
by from 4y ago
Max sentence for tax evasion is 5 years. You can have multiple counts but almost no one is sentenced consecutively.
284.
by from 4y ago
Most people who aren't allowed voluntarily surrender weren't granted bail to begin with because they were either ruled a danger to the community or they were deemed an excessive flight risk. Plenty of "low level" crimin
285.
by from 4y ago
He probably could’ve got 15-20 years if he worked out a deal but he had very ineffective counsel. With RDAP and the First Step Act and potentially compassionate release for COVID he could be out by now.
286.
by from 4y ago
> That’s not how it works No one is arguing about how it works, they're arguing how they think it should work. Otherwise there would be no discussion here at all.
287.
by from 4y ago
Silk Road did like $50-100 million in volume if you measure by bitcoin prices at the time. Tenderloin and a few neighborhoods in San Francisco alone probably have more annual volume than that.
288.
by from 4y ago
Even if they can’t establish securities fraud it seems like they have wire fraud based on the deleted tweets alone. Plus whatever internal accounting manipulations he had going on are likely some form of honest services fraud. Plus they
289.
by from 4y ago
Does tipping off local media in order to embarrass the suspect also make them more secure? People whose crime amounted to changing numbers on accounting spreadsheets have had all their doors simultaneously kicked down. They most likely ha
290.
by from 4y ago
> Iorizzo did travel to Panama City, on his private jet. But his stay was cut short when two unidentified locals kidnapped him at gunpoint and put him on a plane to Miami. He arrived into the welcoming arms of F.B.I. agent Dan Lyons htt
291.
by from 4y ago
I admire your tremendous expertise in regulatory arbitrage. I read the decision in Washington State Dept. of Licensing v. Cougar Den and now I want to become versed in some of those obscure treaties from the 1800s lol.
292.
by from 4y ago
Existing dealerships would be doing most of the losing. Depending on the tribes' leverage in negotiations (how remote their location is, status of their infrastructure etc) they may or may not receive what you would consider a "
293.
by from 4y ago
Is rent-a-tribe for payday lending actually legal? It seems like courts have said the tribe needs to have some ownership and involvement in the day to day operations for immunity to apply.
294.
by from 4y ago
1) There is 95% chance this is a scam 2) In the event it is not a scam, that Coinbase account was probably established with a fake or stolen identity and will lead law enforcement absolutely nowhere
295.
by from 4y ago
Well it's not clear how much customer funds were diverted to SBF & co if any at all (though the recent "hack" makes me incredibly suspicious). If that Coindesk article never was released Alameda could've eventually
296.
by from 4y ago
85% of Dubai is immigrants. Not all fraudsters are high profile enough to spend millions of dollars in extradition proceedings on especially when you'll just catch them at an airport eventually.
297.
by from 4y ago
It's slowly beginning to change. They used to fight but they don't care as much about non Emiratis anymore. Even less diplomatically important countries like South Africa have gotten extraditions. Look at Ramon Abbas ("Ray
298.
by from 4y ago
If there's two drug traffickers convicted of selling 20 kilograms of cocaine, one came from the streets of Baltimore with no father and the other came from a supportive family in Long Island, should the sentence be the same? How about
299.
by from 4y ago
Any transaction that involves dollars involves American banks due to correspondent banking. That means there's jurisdiction in the EDNY or SDNY because that's where all the banks are. America also has jurisdiction over its citiz
300.
by from 4y ago
To be fair Howard ends up winning it all back and more in the end. Only problem is that he's killed shortly after.

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