Re:SEC Charges Samuel Bankman-Fried with Defrauding Investor...
by kibwen on Tuesday December 13, 2022 @11:36AM
(#33971228)
On a lighter note, here's United States v. Approximately 64,695 Pounds of Shark Fins: https://en.m.wikipedia.org/wiki/United_States_v._Approximate... (the shark fins won)
Re:SEC Charges Samuel Bankman-Fried with Defrauding Investor...
by oblio on Wednesday December 14, 2022 @06:37AM
(#33982224)
That's strangely... not "lighter".
Those shark fins represented about 30 000 sharks killed (!) illegally (!!!).
They even amended the law to block such future abuses.
Re:SEC Charges Samuel Bankman-Fried with Defrauding Investor...
by staticautomatic on Tuesday December 13, 2022 @02:26PM
(#33974367)
in rem cases have the best captions
Re:SEC Charges Samuel Bankman-Fried with Defrauding Investor...
by rkagerer on Tuesday December 13, 2022 @02:50PM
(#33974719)
More of them here (scroll to US Examples): https://en.m.wikipedia.org/wiki/In_rem_jurisdiction#United_S...
Re:SEC Charges Samuel Bankman-Fried with Defrauding Investor...
by coolspot on Tuesday December 13, 2022 @11:18AM
(#33970890)
> Imagine reading a document like this with "United States of America v Your Name" at the top.
I once contested a traffic violation and the court paperwork stated “People of California vs <my_name>”. People of California have lost.
Re:SEC Charges Samuel Bankman-Fried with Defrauding Investor...
by arcticbull on Tuesday December 13, 2022 @11:35AM
(#33971194)
The forfeiture in rem ones are my favorite, for instance “United States v. Article Consisting of 50,000 Cardboard Boxes More or Less, Each Containing One Pair of Clacker Balls” [1]
[1] https://en.m.wikipedia.org/wiki/United_States_v._Article_Con...
Re:SEC Charges Samuel Bankman-Fried with Defrauding Investor...
by greggh on Tuesday December 13, 2022 @12:27PM
(#33972264)
It is indeed terrifying. I have one, it was not fun.
Re:SEC Charges Samuel Bankman-Fried with Defrauding Investor...
by valleyjo on Tuesday December 13, 2022 @11:41AM
(#33971309)
Will his political donors have to give back the donations?
Re:SEC Charges Samuel Bankman-Fried with Defrauding Investor...
by dragonwriter on Tuesday December 13, 2022 @11:44AM
(#33971374)
He is the donor. And, no, recipients of legal donations don’t have to give them back because they came from a bad person. (The illegal donations he seems to have admitted to might have to be given up, but that’s a separate legal issue.)
Re:SEC Charges Samuel Bankman-Fried with Defrauding Investor...
by lesuorac on Tuesday December 13, 2022 @12:03PM
(#33971738)
Not a lawyer but it does sound like any of the donations could be considered "not legal" would be "clawbacked".
https://www.google.com/search?q=sbf+political+donations+claw...
Re:SEC Charges Samuel Bankman-Fried with Defrauding Investor...
by dragonwriter on Tuesday December 13, 2022 @12:10PM
(#33971863)
Well, yes, bankruptcy clawbacks are another issue on top of both the criminal forfeiture discussed upthread and the campaign finance issue I raised in response.
Re:SEC Charges Samuel Bankman-Fried with Defrauding Investor...
by 121110987654321 on Tuesday December 13, 2022 @01:07PM
(#33973067)
"The illegal donations he seems to have admitted to..."
Source?
Re:SEC Charges Samuel Bankman-Fried with Defrauding Investor...
by dragonwriter on Tuesday December 13, 2022 @04:03PM
(#33975742)
Here’s discussion of the complaint based on his admission:
https://www.cnbc.com/2022/12/08/ftx-ceo-sam-bankman-fried-hi...
Count eight of the indictment also seems related, but its not a “speaking” indictment, so its not super clear.
Re:SEC Charges Samuel Bankman-Fried with Defrauding Investor...
by arcticbull on Tuesday December 13, 2022 @03:44PM
(#33975468)
He’s done a lot of ill advised Spaces, I’m sure it’s in one of those.
There's also a forfeiture section in the federal indictment that demands forfeiture of all any and all property that is traceable to the commission of the offences.