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Re:Why Hasn’t Sam Bankman-Fried Been Arrested Yet? by lazide on Friday December 02, 2022 @06:52PM (#33838584)
One thing about SBF and the FTX debacle is the record keeping and overall story seems incredibly confused and incomplete.

That a crime occurred seems very certain, but which exact crime is a lot less clear, and until a lot of digging and cross referencing of records happens, that’s likely to continue to be the case. To arrest, they need to be able to identify a specific crime with identified specific elements in a specific jurisdiction.

It seems like they have had an equivalent of a dump truck load of legos dropped in their lap, and it won’t be hard to assemble a Lego airplane out of it (probably), but yikes.

Re:Why Hasn’t Sam Bankman-Fried Been Arrested Yet? by bandrami on Friday December 02, 2022 @07:00PM (#33838645)
Though this may be sloppiness as a legal defense. If you haven't actually jumped through the hoop of claiming that you won't just take the money and run, you really kind of can just take the money and run.
Re:Why Hasn’t Sam Bankman-Fried Been Arrested Yet? by lazide on Friday December 02, 2022 @07:13PM (#33838752)
They specifically said they wouldn’t take the money and run in their TOS, so they’re well and thoroughly screwed on that front.

As I said, dump truck of legos.

Re:Why Hasn’t Sam Bankman-Fried Been Arrested Yet? by bandrami on Saturday December 03, 2022 @12:29AM (#33840926)
Is failing to meet your TOS actually criminal and not just a tort?

This is the whole thing with "what if a bank but without the regulations?"

Re:Why Hasn’t Sam Bankman-Fried Been Arrested Yet? by lazide on Saturday December 03, 2022 @01:43AM (#33841294)
If you promise one thing, take their money, and then do another thing and it ends up in your pocket somewhere (which seems to have happened), then that’s fraud or embezzlement, depending.