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Re:Two Executives in Sam Bankman-Fried’s Crypto Empire Plead... by 1vuio0pswjnm7 on Thursday December 22, 2022 @02:57AM (#34090944)
There is a good chance SBF will be released on bail so he does not have to spend time in detention in NYC. The charges against him are all nonviolent crimes. The question I have is if the judge releases him from custody, "Will SBF do more interviews?"

Lots of people are speculating on sentencing, some are comparing SBF to Holmes, but IMHO it's likely in this case he is going to plead guilty. Whatever comes out in a criminal trial could be used against SBF in the civil cases brought by the SEC and CFTC. Assuming SBF will plead guilty, given the amount of the losses he has caused, which far exceed the amounts involved in Holmes' fraud, what sort of plea agreement will SBF be offered.

One theory of why these charges against SBF were brought so quickly is that the US attorney is extraordinarily confident he can obtain a conviction. The "brilliant" SBF's idiotic public behaviour after the bankruptcy filing has no doubt has made the government's job much easier. This makes sense because as many readers will know, generally federal prosecutors do not like to lose and they will not gamble. Their egos and reputations may be at stake. They want slam dunks. For Damian Williams this is probably a slam dunk. Assuming he does not make any significant mistakes.

Re:Two Executives in Sam Bankman-Fried’s Crypto Empire Plead... by yellow_lead on Thursday December 22, 2022 @03:19AM (#34091046)
>The question I have is if the judge releases him from custody, "Will SBF do more interviews?"

That's a funny question to consider. I wonder if this has sufficiently shattered his world-view such that he'll no longer do interviews.

Re:Two Executives in Sam Bankman-Fried’s Crypto Empire Plead... by dragonwriter on Thursday December 22, 2022 @03:53AM (#34091229)
> Lots of people are speculating on sentencing, some are comparing SBF to Holmes, but IMHO it's likely in this case he is going to plead guilty. Whatever comes out in a criminal trial could be used against SBF in the civil cases brought by the SEC and CFTC.

This includes the convictions and statement of the offense that comes with a guilty plea, though, too.

Re:Two Executives in Sam Bankman-Fried’s Crypto Empire Plead... by herendin2 on Thursday December 22, 2022 @04:07AM (#34091311)
if the judge releases him from custody, "Will SBF do more interviews?"

Because he has such a great tendency to shoot himself in the foot in the legal sense, it sounds as if encouraging the judge to grant his release so he can carry on incriminating himself in interviews would be a smart strategy from the prosecutor's POV

Maybe his own lawyer will be arguing against release

Re:Two Executives in Sam Bankman-Fried’s Crypto Empire Plead... by fardo on Thursday December 22, 2022 @04:16AM (#34091370)
>There is a good chance SBF will be released on bail so he does not have to spend time in detention in NYC. The charges against him are all nonviolent crimes

I don’t agree with this theory, as I think it’s rather likely SBF will be viewed as a flight risk.

• His heavy involvement in the cryptocurrency space makes it likely he has significant moveable digital cash reserves that cannot be easily seized and which would greatly aid an escape.

• He has shown himself to be extremely mobile and was seemingly already attempting to get some distance from the USA, given that he was arrested in the Bahamas

• The gravity of sentences charges he’s potentially facing are vast, and he has many incentives to flee prosecution if it means potentially dodging spending 10-20++ years in jail

I therefore think it’s very unlikely he gets bail.

Re:Two Executives in Sam Bankman-Fried’s Crypto Empire Plead... by pjc50 on Thursday December 22, 2022 @04:44AM (#34091617)
Confiscate his passport, put his face on the no-fly list, and electronic tag him?

Although possibly more relevant is the reasons Kevin Mitnick was denied bail; what can he do from a computer?

Re:Two Executives in Sam Bankman-Fried’s Crypto Empire Plead... by 1vuio0pswjnm7 on Thursday December 22, 2022 @05:26AM (#34091912)
Both Ellison's and Wang's plea agreements contain the same unmodified provision from the US Attorney's Office requiring them to agree to surrender their travel documents as a condition of bail in exchange for the US Attorney promise not to object to their release on bail.
Re:Two Executives in Sam Bankman-Fried’s Crypto Empire Plead... by danielfoster on Thursday December 22, 2022 @04:55AM (#34091692)
It’s hard to know for sure but I agree. SBF might catch a break for looking innocent and young, but this really is a textbook example of when bail should not be granted. Bail may happen if he ends up cooperating.

I’m very interested to see if the parents are charged.

Re:Two Executives in Sam Bankman-Fried’s Crypto Empire Plead... by throwaway0x7E6 on Thursday December 22, 2022 @05:44AM (#34092025)
>looking innocent

lol. lmao even

Re:Two Executives in Sam Bankman-Fried’s Crypto Empire Plead... by noisy_boy on Thursday December 22, 2022 @07:15AM (#34092582)
Sam Baby Face
Re:Two Executives in Sam Bankman-Fried’s Crypto Empire Plead... by dreilide on Thursday December 22, 2022 @11:42AM (#34095299)
Re:Two Executives in Sam Bankman-Fried’s Crypto Empire Plead... by landemva on Thursday December 22, 2022 @12:17PM (#34095766)
The IRS likely can get the parents on gifts of property and travel. I guess the parents will walk, though.
Re:Two Executives in Sam Bankman-Fried’s Crypto Empire Plead... by 1vuio0pswjnm7 on Thursday December 22, 2022 @05:43AM (#34092015)
Neither Ellison's nor Wang's plea agreements contain recommended sentences, or waivers of any right to appeal sentences, so I am probably wrong to assume SBF's would be any different in that respect. When speculating about sentencing I always consider that sentencing guidelines are just guidelines. They are not rules. I had a bet with a friend on Holmes' sentence, and we based our numbers on sentencing guidlines. That worked quite well. But with SBF there are more charges, the losses are so much higher, and things are moving so much faster, so I am not sure.
Re:Two Executives in Sam Bankman-Fried’s Crypto Empire Plead... by mr90210 on Thursday December 22, 2022 @09:37AM (#34093660)
Very well put.
Re:Two Executives in Sam Bankman-Fried’s Crypto Empire Plead... by mookerific on Thursday December 22, 2022 @02:27PM (#34097397)
A guilty plea in the criminal trial will be introduced at the civil trial as a per se admission of guilt. I'm not following your logic.
Re:Two Executives in Sam Bankman-Fried’s Crypto Empire Plead... by 1vuio0pswjnm7 on Saturday December 24, 2022 @01:11PM (#34119404)
The statement refers to what happens if he does not plead guilty.