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Re:FTX bankruptcy examiner's report [pdf] by localfirst on Thursday May 23, 2024 @06:59PM (#40460897)
the only takeaway from this FTX fiasco is that justice in America, by large, is not only purchasable but an excellent insurance policy for non-violent criminals.

Had it not been for SBF's political contributions/connections, he would most certainly be locked away for life.

Irony is that this practice would be impossible in undemocratic countries. The state/law absolutely is supreme.

Re:FTX bankruptcy examiner's report [pdf] by wpietri on Thursday May 23, 2024 @07:04PM (#40460943)
> Had it not been for SBF's political contributions/connections, he would most certainly be locked away for life.

Well gosh, if you're that certain, you must have a fair bit of evidence here, right? If so, let's see it.

And I'd say you're entirely wrong about "undemocratic countries". The state may be supreme, but the law generally isn't. That applies from banana republics to oligarchies like Russia to the Chinese state, where connections make a huge difference. E.g.: https://en.wikipedia.org/wiki/Princelings

Re:FTX bankruptcy examiner's report [pdf] by rurp on Thursday May 23, 2024 @07:39PM (#40461210)
I can't believe this kind of take is still bouncing around given the sentence SBF got. After FTX collapsed there were a lot of people claiming that he wouldn't do any time at all, based on nothing more than a cartoonish understanding of how political donations and influence work. SBF got a totally reasonable punishment for a first time offender who stole a massive amount of money, and he will spend many years in prison.
Re:FTX bankruptcy examiner's report [pdf] by OccamsMirror on Thursday May 23, 2024 @08:13PM (#40461485)
It's hilarious how people think you can make a few donations and ride that good will for ever.

Once you stop being able to give future donations your political capital falls to nil.

Re:FTX bankruptcy examiner's report [pdf] by manquer on Thursday May 23, 2024 @09:02PM (#40461800)
I won’t be so sure, pardons are possible , people convicted of far worse crimes than him have been pardoned in the dying days of a presidency.

It is quite possible in few years his political capital would be useful for that (with some new donations of course ).

Re:FTX bankruptcy examiner's report [pdf] by mandevil on Thursday May 23, 2024 @07:56PM (#40461337)
I just love the sound of goalposts moving in the morning! First it was "Sam will never be charged with it because of his donations!" then it was "Sam will never be convicted because of his donations!" now its "A conviction of 25 years (where the average convict serves 85% of their sentence) is a sign of the power of his donations!"

Please provide evidence from your detailed understanding of Chapter 5 for why a life sentence was so certain?

Re:FTX bankruptcy examiner's report [pdf] by jacknews on Thursday May 23, 2024 @07:31PM (#40461162)
What a croc.

In undemocratic countries the leaders' decisions (or whims) are supreme, and that situation is far more exposed to corruption, indeed it's often the modus operandi, and how they maintain power.

It has nothing to do with the state or the law, which are often just used to window-dress the leaders' schemes.

Re:FTX bankruptcy examiner's report [pdf] by yyyyybb on Thursday May 23, 2024 @08:02PM (#40461399)
He honestly did nothing wrong in my opinion. Bitcoin isn’t regulated anything is Bitcoin it’s either an unregulated thing or it isn’t. If you want to cry fraud don’t invest.
Re:FTX bankruptcy examiner's report [pdf] by frankharv on Thursday May 23, 2024 @08:41PM (#40461643)
Invest is too generous a term.

If you wanna cry fraud don't gamble.

Satoshi has how many uncirculated bitcoin?

What a dope show.

Re:FTX bankruptcy examiner's report [pdf] by wpietri on Thursday May 23, 2024 @11:11PM (#40462465)
Oh, is that what the FTX marketing materials said?