FTX cryptovillain Sam Bankman-Fried charged with bribing Chinese officials US authorities have charged FTX co-founder Sam Bankman-Fried (aka SBF) with attempting to bribe Chinese officials with $40 million worth of cryptocurrency in exchange for unfreezing trading accounts. The indictment [PDF] alleges the Chinese government froze over $1 billion worth of Alameda Research digital assets and that …
What will he do without being able to access the List of Reg Standards
The loss of $250 million in bail money, and a likely trip before the Beak to face charges of helping someone break their bail conditions.
Then again, I can imagine a few parents who would be less than understanding if the kids wanted to move back in, so maybe that would be an easy way to get the house back to themselves...
"The crypto bro is not allowed to use mom and dad's devices, which are password protected and equipped with monitoring software that photographs the user's face every five minutes."
This alone would have been enough for me to tell my sprog to get lost and face the music. I'd also be hanging my head in shame wondering where the hell I went wrong. Here's hoping SBF gets everything he deserves (a small cell, for the rest of his life).
My only question is if it is the prison service that is investigating means to make people live longer. The whole 155 years nonsense just translates to 'life' so I don't know why they bother.
Maybe the bigger the number the smaller the cell? In that case I hope they convict some of their politicians to life standing upright in a box, especially the orange one.
I'm really no fan* of "the orange one", but seriously there are bigger alleged criminals in Washington. They are just greasing the palms of the right people, in the style of SBF. So, I agree with your comment, but just not the last bit "especially the orange one"
As far as I'm aware Orange Man is about to be arrested for something which is just a misdemeanor. They keep trying to convict him of something or other, but none of it seems to stick. Either he's super careful, or he's not actually doing that much which is illegal? Strange how he got raided by the FBI for having secret documents, but when Biden does exactly the same thing it all blows over pretty quickly and isn't that bad after all?
American politics is fucking weird, I don't get it!?
I'd be more worried about the son of the president taking a milti-million $$ "consultancy" with a Ukrainian oil company.
But I guess actual facts don't matter and you just care about which party your corrupt politicians work for (HINT: They are ALL corrupt - it's how your system works. You could fix that by severely limiting donations to parties, and making is punishable not to declare all donations.)
* I think he was right about Germans being dependant on Russian Gas and the WHO being driven by Chinese interests. Perhaps a couple of other things I've forgotten. About everything else I think he was wrong.
Strange how he got raided by the FBI for having secret documents, but when Biden does exactly the same thing it all blows over pretty quickly and isn't that bad after all?
Trump got raided after a months long series of official requests to return the documents known to be in his possession, and the suspicion that there was more was confirmed where the formally approved raid turned up a lot more than was previously even assumed, whereas the discovery of a stray protectively marked document (as the UK calls it) in Biden's case immediately led to the correct procedures being followed, including REQUESTING further searches to ensure there were no other documents, just to be sure (and some were found and returned).
In Trump's case, even more were found after his lawyer asserted in writing "Tha, tha, that's all folks!" (to quote a cartoon) and said lawyer is now in the dock for that.
So, one was wilful illegal retention after repeated opportunities to come clean, and where any allusion that it was all accidental was quickly eradicated by the activity that followed on the request to return the documents, whereas in Biden's case correct process was followed. Mistakes can happen, but if you then get people to hide the documents you (a) knew damn well you had them and (b) you also prove you have no intention to hand them back until forced.
Why is a question, but given his connections and the fact that quite a few folders were empty I would venture a guess that he had not quite finished copying them.
Look, I can't stand the man. I just think it's possible he's not the worst crook. Perhaps the others are just better at hiding it? The man is mostly a fucking idiot. He openly acts like a mafia boss.
Isn't the Biden documents thing the same game / same ballpark? It wasn't a couple of documents, was it? We're talking boxes? How do you "accidentally" put a bunch of secret documents into your own garage?
I don't know why I'm even defending this clown. I retract my previous statement. Lock him up.
>How do you "accidentally" put a bunch of secret documents into your own garage?
You leave office as VP, the staff bundle up all the office documents including notes you made of meetings you were at, if those meetings discussed 'secret' the notes are 'secret'
Remember in the USA most of government is political, so it's like all of the civil service being replaced when you swap party, so all documents that aren't official government records have to be removed so the other party don't get them.
The Jan. 6 federal case and the state case in Georgia are dealing with a president trying to illegally steal an election to remain in power. You can't get more serious than that. I would argue that's easily more serious than any school shooting or serial killer, more serious even than 9/11 because if he had succeeded the US would no longer be a democracy.
Are you china defend Sleepy Joe?
I'm not fine with rule by executive order by anyone but I believe Sleepy Joe has the record for the most signed in the first 100 days. Costing the US taxpayer trillions of dollars and cosying up to his corporate overlords in the process.
Um you do know that the US is pretty much an autocracy? Sleepy Joe ruling by executive order. (or rather his handlers)
Joe is the best. Easy to control, just keep him in ice cream. He likes ice cream. Keep his fridge full, and he'll say whatever you want. He's also immune to the brain-freeze people get from eating ice cream. What a guy!
Or, it could be that Joe has outlived his usefulness. His ramblings about ice cream and being Dr Jill's wife were curious. The MSM were presumably told to cut over to Joe for a reassuring message from the President of the most powerful nation in the world. And they got ice cream. I've seen previous stuff where this has happened, and it's usually been handled better.. Stick a place holder saying "Please stand by for a statement from POTUS". Meanwhile, his handlers can be reloading the autocue (or Neurolink) with a prepared, statesman-like statement. Instead, it cut straight to a guy who looked blissfully unaware of why he was there.
I kinda wonder if his handlers are trying to tell us something, and that was a setup. No, you don't want a second term.
A friend of mine lives in a very old house, which has an oubliette under the living room floor - that always struck me as a very cost-effective means of imprisonment. In more recent times it apparently served as an useful tool of pursuasion when dealing with recalcitrant children.
A friend of mine lives in a very old house, which has an oubliette under the living room floor
Ok, I'm jealous. It's a fun word to say, and a more useful feature than developers include in many 'luxury' homes. Also perfect to integrate with technological advances like Ring door cameras, trap-doors, slides, and automatic leopard feeders. Perfect for dealing with unwanted door-to-door salespeople!
(think I'd link mine to a door system that borrows from telephone IVR systems, and prompts visitors with pertinent questions like "Are you trying to sell me something?" and "Do you know what an oubliette is?" Might even be able to make it legal(ish) and avoid charges of false imprisonment if you incorporate some escape room puzzles, or maybe just some mechanism for depositing unwanted callers away from your property. Hmm.. a humane trebuchet perhaps?)
"The whole 155 years nonsense just translates to 'life' so I don't know why they bother."
Usually because the crimes in question don't allow for life sentences or place restrictions on when you can have them, but when you add up all the fixed terms that the crimes do call for, you get a big number. It still has meaning, because if you only did one of them, you could get a 5-15 year sentence which is not life and the effective life sentence only comes when you have a bunch of them. Also, there are regulations that apply to fixed-term sentences that don't apply to indefinite ones, which is another reason why indefinite terms have to be authorized in the statutes.
They tend to run as many charges in one trial as they can, so if the jury finds him guilty on all of the counts, the sentence can be a very high number, but if they acquit him on some of the charges, it would be much shorter. At the rate he's going, they're going to have to get him off of most of the charges for it not to be an effective life sentence.
More pertinently, 1 in 3 congresspersons and recorded as having accepted donations from FTX or its employees. At least 11 members of the House Financial Services Committee accepted donations. Those are the people who are supposed to regulate FTX in the interests of the people. What they accepted were bribes for favor, and the is selling out Democracy. Yet they are getting off without even a warning. It is sickening.
This alone would have been enough for me to tell my sprog to get lost and face the music. I'd also be hanging my head in shame wondering where the hell I went wrong. Here's hoping SBF gets everything he deserves (a small cell, for the rest of his life).
I doubt it. Take a selfie in Capitol Hill, get locked up in solitary. Steal billions, get house arrest. As he already appears to have broken his bail conditions and committed further crimes, why isn't he now in jail? Prosecuters could perhaps waive the $250m bond, or pursue that.
Hmm. "Don't be silly, of course there is" I thought, since at some point in the last few years I had changed mine.
But then I went to check, and if there is still such an option, it now seems to be non-trivially hidden. Does anyone know where it might have gone?
I guess you can always use the forgot your password system on the login page to do it, but they really should have an internal method for known password changes. I also don't remember hearing about a breech and a quick search didn't tell me about it. I visit this site a lot. I'd assume the chances of seeing a report if they posted it here would be high. Did your password manager have more information about when and how the breech happened and how they know about it?
"I think he had that the wrong way around."
As far as I can see he is a complete retard which doesn't say much about the intellect and acumen of those who were throwing billions of dollars at the fool. In a Forrest Gumpish way bribing the CCP might have worked :)
If he is facing 150 years then he quite clearly lost the wrong people's lucre. Normally a white collar criminal who has pissed the hard earned of the polloi, up against the wall, gets little more than a slap on the wrist.
Cryptovillain? Is it the villainy that is hidden? Bernie Madoff would be a Securitivillain or Ponzivillain but he definitely a lost a lot of the wrong people's cash.
The villainous duo could share the same cell for the next 130 years.
"US authorities have charged FTX co-founder Sam Bankman-Fried (aka SBF) with attempting to bribe Chinese officials with $40 million worth of cryptocurrency in exchange for unfreezing trading accounts."
At this point, I doubt a couple of years on top of the hundreds of years he'll get behind bars will change anything for him. Nice to see chinese official people can be bribed with false money, though.
"Alameda's credit limit at one point was $65 billion."
Ah, yes, good risk management involves sensible cap for this, LOL.
"He has denied stealing money, but acknowledges inadequate risk management."
The bullshit is strong with him, no doubt.
SBF is prohibited from using "any other cellphones, tablets, computers, videogames (including video game platforms and hardware) that permit chat or voice communication, or 'smart' devices with internet access."
SBF: "But Mom, I can't do the laundry! Our washer and dryer are Internet-connected 'smart' devices!"
"SBF had publicly proclaimed Alameda was nothing more than a "liquidity provider" to FTX... ...privately it was given the ability to maintain a negative balance, a multi-billion-dollar line of credit, and could borrow funds without collateral. Alameda's credit limit at one point was $65 billion."
Borrowing $65 billion from someone is a strange way to "provide liquidity" to them.
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