Sam Bankman-Fried Guilty on All Counts

[entropy]

Years ago when she was first winding her thing up, I met Elizabeth Holmes in passing one evening in Denver. She certainly talked a good talk and came across as quite the intelligent entrepreneur.

[Borderland]

My guess he dies in jail. Not from old age either.

[TCinVA]

It is interesting to compare it with the Theranos fraud. Elizabeth Holmes didn't have a viable company and lied for years to regulators, investors, customers, and patients while hoping to conjour the impossible like the silicon valley distuptor she hoped to be. Investors & customers lost everything and patients got bad health data. For this she faced 20 years & was sentenced to 11.

For me the most interesting part of that was how many CIA connected people were on the board of Theranos making Lord only knows how much, but never caught any real scrutiny and to my knowledge nobody ever asked how much investor money went to those folks. Or how much got paid to various unnamed contractors, etc.

...almost like Theranos was a convenient way to funnel money to certain connected people.

Of course, that can't possibly be true because we know the CIA has never used a criminal enterprise to move money around or anything like that.

[Ed L]

I get annoyed at people like Sam Bankman and Elizabeth Holmes because they should have seen this coming a long time ago and had money moved offshore and either have left $100 million dollars ago or had an exit plan to leave the country at the slightest hint of the law closing in. It's like stupid criminals: you're way ahead and making money for something you will go to prison for. At a certain point cut your money and run

They should have lived this quote from Neil McCauley in the movie Heat: "Don't let yourself get attached to anything you are not willing to walk out on in 30 seconds flat if you feel the heat around the corner"

[CSW]

Suicide watch

*cough*

This. He knows where a lot of laundering bodies are buried. He will soon join them is what my gut says.


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I think it unlikely he was a sophisticated mastermind.

I think it is much more likely that he was useful to the people who are.

He might get Epstein'd, but I think that's unlikely because I don't think he had anything close to Epstein's knowledge of what all was really going on.

Hillary's already called to offer condolences.

[Stephanie B]

The extradition agreement showed that the fix was in. Note how he was extradited on charges that only pertain to a subset of his criminal acts and that none of the charges that could potentially relate to the nitty gritty of the money that was shifted to NGO's and political actors.

Just Washington DC covering its ass as usual.

I'm sorry, but that sounds like tinfoil hat blatherings. Maybe he was just a really smart fraudster who thought that he could cover things up, but he got caught before he could.

[camel]

I'm sorry, but that sounds like tinfoil hat blatherings. Maybe he was just a really smart fraudster who thought that he could cover things up, but he got caught before he could.

Not everything’s a conspiracy. Some people are just fraudsters.

[entropy]

You don’t play with “those peoples money” if you’re a “sharp fraudster”.

This isn’t a hard puzzle to solve. It’s really not.

[camel]

You don’t play with “those peoples money” if you’re a “sharp fraudster”.

This isn’t a hard puzzle to solve. It’s really not.

Tel me the puzzle. Please.

[entropy]

Tel me the puzzle. Please.

It was an annuity gone bad.