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Re:U.S. moves to seize $460M Robinhood stake linked to Sam B... by throwawayapples on Thursday January 05, 2023 @12:06PM (#34262900)
What claim does the federal government have to these funds?

And how is this seizure even being contemplated before a trial and conviction? Does the Fourth Amendment not apply to him just because nobody likes him?

Re:U.S. moves to seize $460M Robinhood stake linked to Sam B... by marcinzm on Thursday January 05, 2023 @12:12PM (#34262996)
I mean you could just read the article:

"The Justice Department said Wednesday that has moved to seize millions of shares of Robinhood, the popular stock-trading app, whose ownership is disputed by several parties, including Bankman-Fried himself, his bankrupt crypto exchange FTX and another bankrupt crypto company.

Because the competing claims, FTX filed a motion earlier this month to the Delaware bankruptcy court to keep the assets frozen until the court “can resolve the issues in a manner that is fair to all creditors of the debtors.”"

Re:U.S. moves to seize $460M Robinhood stake linked to Sam B... by JumpCrisscross on Thursday January 05, 2023 @12:14PM (#34263031)
The TL; DR being the DoJ moving to seize is the start of due process.
Re:U.S. moves to seize $460M Robinhood stake linked to Sam B... by dehrmann on Thursday January 05, 2023 @12:15PM (#34263040)
That's still a little weird because usually personal assets are shielded from issues a company has (at least for LLCs).
Re:U.S. moves to seize $460M Robinhood stake linked to Sam B... by marcinzm on Thursday January 05, 2023 @12:16PM (#34263064)
As the quoted text notes, FTX claims these are it's assets and until that is resolved is asking the courts for them to be frozen.
Re:U.S. moves to seize $460M Robinhood stake linked to Sam B... by quickthrowman on Thursday January 05, 2023 @02:16PM (#34264983)
It’s a bit different when you borrow $500M from your (now bankrupt) company to purchase the ‘personal assets’.
Re:U.S. moves to seize $460M Robinhood stake linked to Sam B... by runnerup on Thursday January 05, 2023 @12:16PM (#34263063)
The 4th amendment doesn’t “fully” apply to anyone anymore. Especially if the government views you as potentially guilty (TSA luggage checks, third party doctrine, various things during traffic stops), “potentially” not a U.S. citizen (e.g. at border crossings), or “potentially” not in the USA (e.g. electronic communications).
Re:U.S. moves to seize $460M Robinhood stake linked to Sam B... by soco on Thursday January 05, 2023 @12:41PM (#34263499)
Wouldn't it be great if people would just read the facts presented clearly in the referred articles, instead of making catastrophic but unfortunately baseless claims according to their alignment...
Re:U.S. moves to seize $460M Robinhood stake linked to Sam B... by marcinzm on Thursday January 05, 2023 @12:21PM (#34263164)
>anymore

The present and historical states aren't fundamentally any different except in people's rose tinted rear view mirrors.

Re:U.S. moves to seize $460M Robinhood stake linked to Sam B... by noyoudumbdolt on Thursday January 05, 2023 @11:22PM (#34270922)
The Fourth Amendment only prohibits unreasonable searches and seizures. And it does not require warrants in all cases. There have always been exceptions to the requirement.
Re:U.S. moves to seize $460M Robinhood stake linked to Sam B... by peter422 on Thursday January 05, 2023 @12:14PM (#34263025)
You are right, I mean even though FTX has declared bankruptcy and SBF admitted that either his incompetence or malice is the cause, the government surely couldn't have enough probable cause to seize these clearly unrelated assets.
Re:U.S. moves to seize $460M Robinhood stake linked to Sam B... by warinukraine on Thursday January 05, 2023 @12:30PM (#34263319)
> these clearly unrelated assets

Troll.

Re:U.S. moves to seize $460M Robinhood stake linked to Sam B... by marcinzm on Thursday January 05, 2023 @12:50PM (#34263619)
I read the comment as sarcasm but we know how well that translates in pure text.
Re:U.S. moves to seize $460M Robinhood stake linked to Sam B... by warinukraine on Thursday January 05, 2023 @12:55PM (#34263691)
Oh ok. I see it now.