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Re:SEC Charges Samuel Bankman-Fried with Defrauding Investor... by Finbarr on Tuesday December 13, 2022 @11:13AM (#33970810)
Imagine reading a document like this with "United States of America v Your Name" at the top. It would be terrifying. These charges are serious and SBF is going to go down for a long time if convicted.

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.

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.