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EZKTurbo t1_j2bswdd wrote

Reply to comment by Eponymous-Username in Sam Bankman-Fried Likely to Plead Not Guilty to Fraud Charges by habichuelacondulce

Everyone below him is probably getting a lot for rolling over. But he's it, he's the guy, he was in charge, the buck stops with him. There's nobody he could sell out in order to get a deal.

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SoylentRox t1_j2cp3im wrote

Maybe? I mean he's gonna try to convince everyone he just set directives and played video games all day. That's he wasn't aware of the backdoor hacks letting FTX gamble with client's money and the shady loans and so on.

Yeah I'm not sure how he could possibly claim to be unaware, the dude can code and in a company this small would have directly involved in the decisions.

Plus I mean they used slack and other collaboration tools. Presumably there are smoking gun thumbs up emojiis from him.

like back in 2020.
coworker1: "alamada is low on funds, we're gonna have to fold"
coworker2: "I have an idea, let's borrow a little from the exchange balance, we'll make it back"

with a thumbs up by SBF.

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ZootTX t1_j2c97rr wrote

That's not really true at all. Court cases are about what the prosecution can prove, not what everyone 'knows.' A large number of the witnesses in this case will also have been complicit in the whole thing, which can be used against them.

Trials are time consuming, expensive, and this one will be an absolute circus of media attention. Seating a jury for this will be a task in itself. Not to mention potentially highlighting instances of government agencies/watchdogs failing to do their jobs appropriately.

I don't think anyone expects the dude to walk but certainly there will be an attempt at a plea deal even if this ultimately goes to trial.

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PerfectPercentage69 t1_j2ci8kz wrote

Thankfully, with the size of damages and number of victims, a conviction of even one of the charges will put him behind bars for at least 20 years. He also doesn't have a lot of the sympathy points that Elizabeth Holmes tried to use to lower her sentence (ie. becoming a monther, claiming rape in school, and being controlled by abusive Balwani, etc.)

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Quantumercifier t1_j2cwj3z wrote

The guy, I assume it is a guy, who raped Elizabeth Holmes, needs therapy. Poor guy.

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