FTX founder Sam Bankman-Fried to be released on $250M bail

Re:FTX founder Sam Bankman-Fried to be released on $250M bail by russdill on Thursday December 22, 2022 @09:49PM (#34101825)

I realize that it's easy to reach the forgone conclusion that yes, he's guilty and a criminal. You'd have to really tie yourself into knots to find out how he could be innocent. But our legal system still treats people not yet convicted as....not yet convicted.

Speaking more generically, people released on bond need to be able to have the resources necessary to form a proper defense, and also to try and avoid their entire life being destroyed by an arrest that may or may not lead to a conviction.

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Re:FTX founder Sam Bankman-Fried to be released on $250M bail by throwaway2037 on Thursday December 22, 2022 @11:12PM (#34102264)

Normally, I agree. However, considering the statements from current CEO John J. Ray III and two guilty pleas from insiders, it is hard to believe he is innocent. In the digital era, wire fraud is so simple to prove and can carry huge jail sentences. Honestly, I wonder if he will also plead guilty. The evidence against him looks enormous. Even with a guilty plea, I expect 10-20 years jail sentence and all assets seized.

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