62 comments

  1. He tries to portray himself as incompetent geek, but we already now he bought properties in Bahamas for hundreds of millions $. He stole money, that was fraud.

    1. @webrockers Most of his investor’s money went to Joe Biden and a few other Democrats as donations. So does this mean Joe Biden will pay the investors their several million back??

    2. Typical Democrat, or at least Democrat donor. The DNC should be investigated for corruption, they clearly looked the other way as investors were cheated out of billions of dollars so that FTX could donate millions to corrupt Democrats.

    1. Funny that most of that money was given to Joe Biden as a donation. Seems REALLY strange that he was arrested in the Bahamas just before he was to testify to Congress and name names. Several other Democrats and two republicans.

    1. Speaking of “guilty”.. CNN producer pleads guilty to enticing minors to engage in unlawful sexual activity

  2. If I were to believe in angels, I’d say that every time a crypto-bro gets arrested and/or plummets from grace, an angel gets its wings.

    1. I don’t know why they are going to bother to prosecute this guy.
      As soon as we have a Republican president he will be given a pardon.
      Former President Blowhard pardoned the corrupt former governor
      of Illinois and he was a democrat !!!
      The laws for handing out pardons need to be changed.
      Governors and Presidents should not be able to hand out pardons
      so easily, especially to their co-conspirators without some kind of limits.
      WRZ 2022-12-13

    2. @dancalm peaceful Well, most of the lost investor’s money went to Joe Biden as a donation. He should have to reimburse the investors. Then it would be a wonderful life for those who were stolen from.

  3. CNN should talk to Stephen Findeisen ( aka CoffeeZilla). He nailed Sam Bankman-Fried to the wall in three different online interviews. In the third interview, Sam possibly admitted to fraud.

  4. New week up as many FOMO in. But the APM22T story isn’t over yet. The only strat that works under all circumstances is DCA all the time with solid, large companies (not hyped ones).

    1. @w kahn Actually, the way you mean ‘it’s real’ isn’t true. You mean ‘it’s real and everything that Rudy Giuliani said was on there is on there’…that’s the part that’s obviously not true. Otherwise Rudy would have released the contents to news agencies when they asked for them. If all the claims were true, why wouldn’t he let anyone see it?

    2. @aarqa
      The “DC swamp” does not consider those that are exposing their corruption ‘a jury of their peers’
      You are either delusional or deliberately deceitful

    3. @Trish Sullivan Before you were talking about prosecutions being ‘false’, now you’re saying they’re ‘exposing corruption’? Maybe you should read the thread before you write replies to people, you’re getting things confused.

  5. No fiction writer could have come up with name like “Bankman Fried” for a person charged with fraud and money laundering…!!!!…

  6. In the US you can’t go to jail for being a rubbish CEO but of course, you can go to jail for fraud. Therefore his Lawyers have told him that his best chance is to act dumb and appear incompetent. However, given his background, education, and the immensely complex web of a corporate structure that he created I don’t think his act is fooling anybody.

  7. So for the years when Sam here had “money” or more accurately could make money, he was a genius wunderkind above scrutiny and the law…now that he’s lost the money, it seems he and his small circle were grossly incompetent and ran a bad series of businesses and seem to have committed fraud repeatedly.
    Yet no one knew this was happening?
    Yeah…sorry you lost your money people, but when you bet on an unregulated high stakes gamble, prepare to lose it all.
    Glad to see he can’t just”oopsie” his way outta this one.

  8. This is gonna be the first in a few cases that will likely lead to either the banning of crypto in US markets, or extremely heavy monitoring by economic agencies. Crypto is dangerous due to it being largely unregulated, that needs to change if it is going to be trustworthy.

    1. I don’t know why the Feds are going to bother to prosecute this guy.
      As soon as we have a Republican president he will be given a pardon.
      Former President Blowhard pardoned the corrupt former governor
      of Illinois and he was a democrat !!!
      Republican politicians view white collar criminals MUCH differently than
      the average citizen.
      The laws for handing out pardons need to be changed.
      Governors and Presidents should not be able to hand out pardons
      so easily, especially to their co-conspirators without some kind of limits.
      WRZ 2022-12-13

    2. It’s news like this that reminds me that people randomly trust some company they know nothing about.

      Not your keys not your bitcoin

  9. He’s still trying to go with the “Sorry I made a mistake, I’m such a goofball” defense. He probably got away with it with his parents.

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