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Could Sam Bankman-Fried go to prison for the FTX disaster?

26 pointsby abriosiover 2 years ago

4 comments

LatteLazyover 2 years ago
If you do something with money, or the internet there is a law somewhere in the US codex that you are breaking. So yes, of course he could.<p>The US, rightly or wrongly, tries and often succeeds in enforcing it&#x27;s laws internationally. Even in cases NOT involving US persons and with no apparent victims. So there is no reason to think this would be different. And that is ignoring the fact that FTX has (had?) a sub-venue called &quot;FTX US&quot; specifically for US persons, which has also failed.<p>Also, there are a whole bunch of crimes (including wire fraud) where the definition of the crime makes intent so low, it is no barrier to prosecution. This is why you often see major frauds charged as more minor crimes: Fraud requires intent, Wire Fraud just requires a lie, a phone line and some profit.
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joenot443over 2 years ago
If he did, I think it&#x27;d be the first time a top 3 Democrat donor goes to prison. If I had to make a guess, I&#x27;d imagine the current government which he helped fund will be kind to him.
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norwalkbearover 2 years ago
He absolutely should but he&#x27;s friends with too many rich and powerful people. His mother is connected deeply with the Biden Administration. Sam was very close to Bill Clinton and Tony Blair. FTX had articles on them by the WEF.
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suslikover 2 years ago
What is the point in throwing someone who didn&#x27;t commit violent crimes in prison? Punishment? Vengeance?
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