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Mar 28, 2024
11:03
:38
am
roseyscenario
Work-in-Progress
By the good fortune of FTX crypto up 4X since bankruptcy, victims could recover "most." SBF deserves 25 yrs. Doubt he'll
serve 10 years. Good behavior cuts it to 15 and most in DC think a Pardon is likely within 5 years.
Also, John Ray the Bankruptcy exec, has done great job on claw backs.
This message has been modified
Originally posted on Mar 28, 2024 at 11:03:38am
Message modified by roseyscenario on Mar 28, 2024 at 2:57:35pm
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roseyscenario
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roseyscenario
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Messages
Author
Time
POLL: Is Sam Bankman-Fried sentence of up to 25 years sufficient?
TheSpiker
Mar 28, 10:14am
Any idea how long will he actually serve?
Hank Rearden
Mar 28, 10:16am
It’s federal, so has to serve 85% of it
Princepete
Mar 28, 10:17am
Talking heads are suggesting that he will get out in around 15 years.
TheSpiker
Mar 28, 10:18am
he made the mistake of stealing from the rich instead of just the normals
Deleted
Mar 28, 10:20am
Stealing from the rich gets you sent to minimum security
Sea Chicken
Mar 28, 10:24am
…in California.” Finished it for you 👊🏻
mvtoro
Mar 28, 10:30am
I think it's plenty. He'll be close to retirement age when he gets out.
Skeptical Optimist
Mar 28, 10:23am
It's about 1/3 of a statistical lifespan. And it's his prime years.
justAnotherCoug
Mar 28, 10:25am
he won't serve the full 25
AZ Coug
Mar 28, 10:31am
10 would be appropriate. Depositors are getting 100% recovery if the government
Socrates Johnson
Mar 28, 10:26am
His story is false. He knew of the diversion of funds to Alameda, so he's not
Archaea
Mar 28, 10:27am
The point is that everyone is getting (or should get) all their money back.
Socrates Johnson
Mar 28, 10:29am
So if the government pays for your crime, you should get time off for their
Monomachos
Mar 28, 10:45am
The government didn't pay anybody. The normal bankruptcy process produced plenty
Socrates Johnson
Mar 28, 11:35am
The government has no role in "making things right" for the investors?
Monomachos
Mar 28, 2:10pm
Only in the sense that it maintains the bankruptcy courts at this point.
Socrates Johnson
Mar 28, 2:30pm
Where does the money to pay back the investors come from?
Monomachos
Mar 28, 5:32pm
From the assets of the company.
mvtoro
Mar 28, 5:38pm
Yes. As I have now said 3x
Socrates Johnson
Mar 28, 8:23pm
Ok - sorry, I haven't followed this very much at all, but if the company had to
Monomachos
Mar 28, 11:35pm
It declared bankruptcy because its assets were illiquid. There were enough of
Socrates Johnson
Mar 29, 8:47am
Everybody does not get their money back. Biden donors do, taxpayers don't.
Plantagenet
Mar 28, 10:52am
what do you claim taxpayers lost?
Socrates Johnson
Mar 28, 11:30am
How is everyone being made whole. Very much money was spent.
Plantagenet
Mar 28, 12:51pm
Not taxpayers. The money is coming from the assets that were sold by the
Socrates Johnson
Mar 28, 2:33pm
Yet no one claims to be hurt in the NY Trump property valuation case but
GilbertAZCougar
Mar 28, 10:58am
I agree-- the Trump case is similar in the sense that it hasn't mattered and
Socrates Johnson
Mar 28, 11:33am
You do realize, BTW, that "the diversion of funds to Alameda" was mostly because
Socrates Johnson
Mar 28, 10:31am
Because he was unrepentant, I consider him likely to commit fraud again. He
Archaea
Mar 28, 3:06pm
I agree that he doesn’t come off as repentant. I am not sure he is capable
Socrates Johnson
Mar 28, 8:29pm
Depositors are getting 100%?
JuicyJam
Mar 28, 10:46am
Rarely would everyone get their money back. If you're an important part of the
Plantagenet
Mar 28, 10:54am
This is not how bankruptcy works my friend
Socrates Johnson
Mar 28, 11:32am
By the good fortune of FTX crypto up 4X since bankruptcy, victims could recover "most." SBF deserves 25 yrs. Doubt he'll
roseyscenario
Mar 28, 11:03am
there are $13bn in assets and 8bn claims other than post-hoc fines. they will
Socrates Johnson
Mar 28, 11:32am
Yes. I should have added that John Ray, the bankruptcy executive, has been very effective at claw backs.
roseyscenario
Mar 28, 2:59pm
They will, unless the government puts its own fees ahead in the bankruptcy
Socrates Johnson
Mar 28, 11:31am
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