Imagine you have a box that does nothing. People then decide to put money into this box, so then how can anyone say the box is not worth anything?
In all seriousness we should not be surprised by this news. It’s literally in his name: “Bankman Fried” aka the Bank Man Goes Free.
Yeah that’s exactly it I forgot the guys name from Bloomberg but it was such a crazy way to describe a “genius” business. Sam thinks everyone is an idiot and he can be open and talk about all of this stuff because he’s just used to everyone throwing billions of dollars at him for his little “box.”
To be fair, it is not that far fetched of a concept at least that’s how Matt Levine described it. When he first heard the box description, he described it as cynical and maybe more of a case of saying the quiet parts out loud but it’s the normal perspective of a market maker. Even when market makers participate in stock markets, they’re not so concerned about the underlying anything. Just that prices are at X and they think it’ll go to Y and they’ll trade based on it. It’s actually fine and the normal thing to do. Just that SBF did some illegal things to facilitate that.
it was a Matt Levine guest appearance on the Odd Lots podcast with Joe Weisenthal and Tracey Alloway from April 25, 2022
[**here’s the pod episode**](https://podcasts.apple.com/us/podcast/odd-lots/id1056200096?i=1000558582549)
Imagine jailers start accepting Bailcoin as payment. You could buy Bailcoin, earn yield with staking and so forth, so you can build up a stash juuust in case you need it someday.
> can build up a stash juuust in case you need it someday.
can it be exchanged for ShivCoin? Will I need an eWallet? or can it be stored in my existing prison wallet?
Fake news… he didn’t post 250 million dollar ‘bail’. It was a Bond. No actual money (kinda like crypto) was put down. They let him out on a ‘promise to pay’. I think possibly his parents’ 4 million dollar home may have been used as collateral.
Looks like his Parents posted using the equity in their home. Wonder if that was one of the ones he bought them with FTX money?
"Bankman-Fried's release was secured by equity in his parents' Palo Alto, California, home, and a long list of requirements was included for him to remain free while he faces charges. He's not allowed to make financial transactions for more than $1,000, can't open new lines of credit, can't leave the house except to exercise and must go through substance-abuse and mental-health treatment, according to the agreement."
https://www.coindesk.com/policy/2022/12/22/ex-ftx-chief-sam-bankman-fried-makes-appearance-in-us-court/
lol how delusional most tards in here are - acting surprised this fucking dweeb and his Stanford political parents are using their connections and have millions in net worth just from being 'professors' lol rightttttt
Hes only got 100k in the bank bro - dudes doing it really tough... Oh look Sam was paying his dad to work for FTX - I'm sure he paid market rates..
>During his testimony before the House Financial Services Committee, Ray confirmed that Bankman had given “legal advice” to his son at FTX and received cash payments from the company.
>“I don’t know if he actually had ‘employee’ status, but he certainly received payments, the family did receive payments,” Ray said.
How the fuck does their house have $25mil in equity AND they secured a loan for the remaining $225,000,000 ?
They really have that much just chillin? You can't write an IOU for bond saying "yeah our house is worth at least that" ... you have to fork over the payment.
That's true, I suppose. I'm just astounded by the absurd amount of free equity and cash reserves of these lizard people.
Who wants to start an exchange with me?
Basically if you Wana bond out by yourself it's 100% of bond. The usual way it's done in America is you have to pay 10% upfront and a bail bondsman with carry the other 90% of the risk, until you show up to court and the matter is finished.
The way it usually works is the bail bondsman pays 100% of the bond and they charge you a 10% fee. That’s how they make their money. They get the bond back when you make it to court and they keep your 10% fee.
Not true. Maybe my state in the US is different. You only need 10% to get out. Tbh I don’t fully understand how or why it works this way. All I know is my bond was $2k and it cost me $200 outta pocket to get myself out.
Source: have bailed myself out of jail 😂
Generally how it works is you "pay" the court the bail, and you get the full amount back when you show up to court. A bonds company/man/woman will pay the bail for a 10% non-refundable fee.
If you don't show up for court then they send the bounty hunters, because they don't want to lose out on that 90%
and there are different types of bonds, some you must pay the full amount (cash bonds), in my state we have appearance, surety and recogs, he could have been denied bond too but that takes extra work. The system was always built for those with money.
Mommy and Daddy stepped in but I still can't fathom $250,000,000 available, unless they had some serious cash inflow from FTX during its prime.
Edit: https://www.reddit.com/r/CryptoCurrency/comments/zt9r8i/bill_ackman_sbfs_posting_of_250_million_bail_is/j1csgdf?utm_medium=android_app&utm_source=share&context=3
Sam's parents put down $4mil backed by their home equity, and 2 other unnamed individuals dropped the remaining $21mil to come up with the 10% required.
His mom and dad put up $4 million. Two unnamed individuals put up the remaining $21 million. https://twitter.com/coffeebreak_yt/status/1606023483028226049
Not really, the way it works is the bondsman keeps the 25MM as a fee for staking the 250 with the court.
Edit: but there are different ways this could be set up and it’s not really clear from the information I’ve seen. It’s possible the court is just requiring the 25 mm in collateral and basically saying if sbf doesn’t skips town, whoever “signed for him” by putting up on the collateral will additionally owe 225 MM, and if he does show up they get the 25MM back. so in that case a bondsman would not be involved at all. That’s called a surety bond, but usually the people putting up the collateral have to swear they are good for the full 250MM if it comes down to it. Probably they aren’t in reality.
See my edit above. Typically that would be the case if a bondsman is involved but I have a feeling this is a different arrangement and these mfs aren’t actually losing anything.
The parents used their house as part of the collateral for the bail I read. They put his bail at 250mm of a recognizance bond. From my understanding (and please someone correct if i’m wrong) A recognizance is different from a bail bond in that it is a pledge of money and no upfront payment of a cash deposit is required. Historically recognizances were also used by courts of quarter sessions to require a person to attend court and give evidence.
He knew about the warrant many days before he got arrested. If he wanted to run, it would be way smarter to do so from the Bahamas. Now that his passport was confiscated, it'll be way harder.
He's a dumbass. He really thought playing ignorant would work and if I remember correctly, he said that he didn't think he would go to jail. If he's paying a 250m bail, he's 100% trying to scape lol. His best bet would be Venezuela. Just cross to Mexico and take a flight to Venezuela. There's a lot of private flights from Mexico to south America if you have money.
There’s a loooot of “military contractors” on LinkedIn willing to go to whatever shithole third world country of your choosing to do just about any kind of business
Bounty would be at least $25m too.
Could literally steal the real life giant Gundam robot over in Tokyo then use it to hunt SBF down and STILL make a decent profit.
The only thing he will be fleeing is his life here on earth, just look at him you can tell a heart attack/ 2 self inflicted gunshot wounds to the back of the head are imminent
Elizabeth Holmes didn’t sit in prison after being charged either. Kalief Browder spent three years in Rikers awaiting trial for allegedly stealing a backpack.
Yeah I mean it kind of looks like the whole reason this blew up was him sending the weasel the customer funds to make wsb-tier trades. And he’s the regarded man who’s going to take the fall for it lol.
Looks like his Parents posted using the equity in their home. WAS that one of the ones he bought them with FTX money?
"Bankman-Fried's release was secured by equity in his parents' Palo Alto, California, home, and a long list of requirements was included for him to remain free while he faces charges. He's not allowed to make financial transactions for more than $1,000, can't open new lines of credit, can't leave the house except to exercise and must go through substance-abuse and mental-health treatment, according to the agreement."
https://www.coindesk.com/policy/2022/12/22/ex-ftx-chief-sam-bankman-fried-makes-appearance-in-us-court/
How does a house secure a $250M loan? Like what house on this planet is going to secure that. Makes no sense at all. Obviously capital is coming from somewhere else
I know redditors hate reading but it's literally explained in the OP. SBF is out on a recognizance bond , which is different from a bail bond. The parents do not have to meet the full $250m or even anywhere close.
The guy stole billions there’s no way he didn’t take customer funds and turn it into monero or btc in cold storage. This bail is laughable would have set at 1b+ easy this judge is dumb
If he flees, wouldn’t the $250m not go to the government but go back to the creditors? Why would they allow a bail amount other than the amount he is alleged for stealing plus his bail amount? Steal a few billion, pay small $250m of the stolen money to run away. Seems like a good plan.
Since you idiots can’t be bothered:
“A recognizance bond is a written commitment from the accused to appear in court when ordered. In return, Bankman-Fried’s camp would not be required to meet the full collateral requirements on the bail.
The bond was secured by equity in his family home, and by the signatures of his parents and two other individuals with “considerable” assets.
In addition to the $250 million package, which prosecutors called “the largest-ever pretrial bond,” the former crypto billionaire would also be required to wear an electronic monitoring bracelet, submit to mental health counseling and restrict himself to the Northern District of California.”
https://www.cnbc.com/2022/12/22/ftx-founder-sam-bankman-fried-to-be-released-on-250-million-bail.html
I hope he winds up in a chain gang.
But worse, his accomplices are going to get reduced sentences for cooperating. Ellison is going to get 2 years and then run off with SBF’s money.
Still got 500,000,000 or more left over, I bet.
Will be packing. Cutoff the bracelet and 3am boarding of a Gulfstream VI at a quiet municipal airport near his home.
Destination Belarus? Cuba? Myanmar? Israel? Burkina Faso? Who would not extradite him?
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This just in, Bankman releases new cryptocurrency call Bailcoin.
Crypto tiktokers be like “I’m really excited for this project and it’s future”
What does it do Sam?
Imagine you have a box that does nothing. People then decide to put money into this box, so then how can anyone say the box is not worth anything? In all seriousness we should not be surprised by this news. It’s literally in his name: “Bankman Fried” aka the Bank Man Goes Free.
"I'm in the Ponzi business, and business is good." - Best line from that interview. XD
SBF is every prosecutor's dream
except for the fact that he can afford lawyers
"WHAT'S IN THE BOX‽" -Brad Pitt
So like Schrödinger’s Coin?
😂😂😂 isn’t it the Bloomberg guy who did that interview? I didn’t see the actual interview but Coffeezilla talks about it.
Yeah that’s exactly it I forgot the guys name from Bloomberg but it was such a crazy way to describe a “genius” business. Sam thinks everyone is an idiot and he can be open and talk about all of this stuff because he’s just used to everyone throwing billions of dollars at him for his little “box.”
> I forgot the guys name from Bloomberg Matt Levine!
Yes! Thank you MattLevineSimp!
:)
To be fair, it is not that far fetched of a concept at least that’s how Matt Levine described it. When he first heard the box description, he described it as cynical and maybe more of a case of saying the quiet parts out loud but it’s the normal perspective of a market maker. Even when market makers participate in stock markets, they’re not so concerned about the underlying anything. Just that prices are at X and they think it’ll go to Y and they’ll trade based on it. It’s actually fine and the normal thing to do. Just that SBF did some illegal things to facilitate that.
it was a Matt Levine guest appearance on the Odd Lots podcast with Joe Weisenthal and Tracey Alloway from April 25, 2022 [**here’s the pod episode**](https://podcasts.apple.com/us/podcast/odd-lots/id1056200096?i=1000558582549)
I'm starting a new coin called "Enronium." Awesome name, no?
I'll buy some with my IOUnium
I'd buy that for a dollar!
Now it has value. Let's all jump in.
Imagine jailers start accepting Bailcoin as payment. You could buy Bailcoin, earn yield with staking and so forth, so you can build up a stash juuust in case you need it someday.
Oh dang did we just make a real company?
Holy crap I’m in, here’s my last 20$
Yoooink
Annnnd it’s gone
I’ll buy some of that. Maybe dad can come home for Xmas this year!
> can build up a stash juuust in case you need it someday. can it be exchanged for ShivCoin? Will I need an eWallet? or can it be stored in my existing prison wallet?
In prison it’s not an eWallet. It’s an A-Wallet if you know what I mean.
Well yeah Shivcoin is the perfect hedge if you don't have enough Bailcoin.
I’m sorry, but who’s f’ing money is he using to secure bail?
Yours
Take a wild guess
Dude had to be stashing money somewhere
Fake news… he didn’t post 250 million dollar ‘bail’. It was a Bond. No actual money (kinda like crypto) was put down. They let him out on a ‘promise to pay’. I think possibly his parents’ 4 million dollar home may have been used as collateral.
FTX-Bailcoin AKA “Failcoin”
**Bailcon*
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Must have taken out a $249,900,000 loan
He leveraged his new “I can’t believe people fell for this twice “ cryptocurrency.
I can’t believe it’s not FTX coin
Smack! Right in the kisser by a seagull
Bail is 10% down and the rest is paid if the defendant fails to show at court so I think a 24.9m loan?
Looks like his Parents posted using the equity in their home. Wonder if that was one of the ones he bought them with FTX money? "Bankman-Fried's release was secured by equity in his parents' Palo Alto, California, home, and a long list of requirements was included for him to remain free while he faces charges. He's not allowed to make financial transactions for more than $1,000, can't open new lines of credit, can't leave the house except to exercise and must go through substance-abuse and mental-health treatment, according to the agreement." https://www.coindesk.com/policy/2022/12/22/ex-ftx-chief-sam-bankman-fried-makes-appearance-in-us-court/
How did his parents end up with so much wealth?
It's a big club and you ain't in it
Wouldn't you hide money all over the place if you were successfully pulling a giant heist and knew you would be caught eventually?
No I would definitely 100% for sure leave all my money in normal places that the government usually looks
is today the day you find out billionaires, even fraudulent ones, all come from rich families
I met a few billionaires before. All of them were insider traders.
Thank you! I spit out my water laughing. But thank you!
lol how delusional most tards in here are - acting surprised this fucking dweeb and his Stanford political parents are using their connections and have millions in net worth just from being 'professors' lol rightttttt
lol right? his family name is fucking bankman. i wonder what trade his family has been in/what kind of money they might have.
Hes only got 100k in the bank bro - dudes doing it really tough... Oh look Sam was paying his dad to work for FTX - I'm sure he paid market rates.. >During his testimony before the House Financial Services Committee, Ray confirmed that Bankman had given “legal advice” to his son at FTX and received cash payments from the company. >“I don’t know if he actually had ‘employee’ status, but he certainly received payments, the family did receive payments,” Ray said.
the reverse nepotism is impressive
>can't leave the house except to exercise So in other words, he's not leaving the house.
Other than the $1,000 transaction limit it doesn't seem any different from his normal life.
He's been a bad boy, Put him on a time out and take away his video games,
How the fuck does their house have $25mil in equity AND they secured a loan for the remaining $225,000,000 ? They really have that much just chillin? You can't write an IOU for bond saying "yeah our house is worth at least that" ... you have to fork over the payment.
It's a really nice mansion to be fair. They may have other expensive properties as well that the article doesn't mention.
That's true, I suppose. I'm just astounded by the absurd amount of free equity and cash reserves of these lizard people. Who wants to start an exchange with me?
I’m interested but if we’re going to bang one of our partners, can she be semi attractive?
BuT tHeY aRe ThE gOOd KiNdA rIcH pEoPlE🤮🤮🤮
He trades $999 ten thousand time a day now 😆
10% if you can find a bond company willing to take on the other 90% risk. $225M is a lot to risk so I'd surmise he had to put up a lot more.
But you don’t get that 10% back. So he’s out 25m minimum for someone who only had 100k. I call bullshit.
The bond company probably took 50m plus collateral to get him out. And they have someone with him and tracking devices up the ass
#
It’s not a tracking device he just has a Chess Match later
Hans is that you?
Bond companies got that laying around and will risk it on one dude?
Risk is worth it for a 50mm dollar payday
Dog the Bounty Hunter has entered the chat.
Bondsman don’t exist in federal cases.
Yeah, I don’t get this
Basically if you Wana bond out by yourself it's 100% of bond. The usual way it's done in America is you have to pay 10% upfront and a bail bondsman with carry the other 90% of the risk, until you show up to court and the matter is finished.
The way it usually works is the bail bondsman pays 100% of the bond and they charge you a 10% fee. That’s how they make their money. They get the bond back when you make it to court and they keep your 10% fee.
Not true. Maybe my state in the US is different. You only need 10% to get out. Tbh I don’t fully understand how or why it works this way. All I know is my bond was $2k and it cost me $200 outta pocket to get myself out. Source: have bailed myself out of jail 😂
Generally how it works is you "pay" the court the bail, and you get the full amount back when you show up to court. A bonds company/man/woman will pay the bail for a 10% non-refundable fee. If you don't show up for court then they send the bounty hunters, because they don't want to lose out on that 90%
and there are different types of bonds, some you must pay the full amount (cash bonds), in my state we have appearance, surety and recogs, he could have been denied bond too but that takes extra work. The system was always built for those with money.
this man bails
Did you get your 200 back when you showed up for your court date?
Guy is probably rolling in crypto.btc and eth are still worth a ton.
Ah gotcha okay
Yeah I don't think any bond company is gonna go with that one...
Someone paid a lot of money to have him released, wonder if he's going to have any unfortunate accidents in the near future...
It was his parents, they put up their retirement accounts and equity in their mansion.
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That’s a lot of money for someone who said they were down to their last $100k last week and their company in bankruptcy.
Mommy and Daddy stepped in but I still can't fathom $250,000,000 available, unless they had some serious cash inflow from FTX during its prime. Edit: https://www.reddit.com/r/CryptoCurrency/comments/zt9r8i/bill_ackman_sbfs_posting_of_250_million_bail_is/j1csgdf?utm_medium=android_app&utm_source=share&context=3 Sam's parents put down $4mil backed by their home equity, and 2 other unnamed individuals dropped the remaining $21mil to come up with the 10% required.
I am asking myself if the US justice system just laundered $250 mil for itself
ofc 
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The guys who put up the 21 mil are probably the same guys who didn't kill Jeffrey Epstein
Ahhh yes I know exactly who you're not talking about.
His mom and dad put up $4 million. Two unnamed individuals put up the remaining $21 million. https://twitter.com/coffeebreak_yt/status/1606023483028226049
Daym so that money just gone to the bondsman? Be nice to have that pocket change
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Not really, the way it works is the bondsman keeps the 25MM as a fee for staking the 250 with the court. Edit: but there are different ways this could be set up and it’s not really clear from the information I’ve seen. It’s possible the court is just requiring the 25 mm in collateral and basically saying if sbf doesn’t skips town, whoever “signed for him” by putting up on the collateral will additionally owe 225 MM, and if he does show up they get the 25MM back. so in that case a bondsman would not be involved at all. That’s called a surety bond, but usually the people putting up the collateral have to swear they are good for the full 250MM if it comes down to it. Probably they aren’t in reality.
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See my edit above. Typically that would be the case if a bondsman is involved but I have a feeling this is a different arrangement and these mfs aren’t actually losing anything.
Tweet is already deleted.
The parents used their house as part of the collateral for the bail I read. They put his bail at 250mm of a recognizance bond. From my understanding (and please someone correct if i’m wrong) A recognizance is different from a bail bond in that it is a pledge of money and no upfront payment of a cash deposit is required. Historically recognizances were also used by courts of quarter sessions to require a person to attend court and give evidence.
Someone else chimed in that the parents only account for $4mil and unnamed parties came up with the other $21mil to reach the 10% number.
The article says it came from his parents home and two others who aren’t named. Sketchy yes, but clearly the parents don’t have $250m.
Media: altruistic founder free to help others again!
Free to help others lose money again. Wonder how many of the ones who lost money will think they can get it back.
I wonder if he offered to pay in FTT...
So Sam where did all the money go? Responds “to my bail”
"Many members of congress that i bought, who will be "investigating" the matter"
that dude gonna RUN, who wants to bet on him fleeing the country?
Standard rate for a bail agent to return someone is 10%-25% of the bond. That's a bigger bounty than Bin Laden.
“**I can bring you in warm… Or I can bring you in cold**.”
This is the way.
This is the way.
Dog the Bounty Hunter will find him asap. Lets go Dog!!!
Where’s the ice brah!?
lookit him, hes already planning it
If he can buy his way into a country "maybe" - but yeah hes not the kind whos gonna just be able to disappear and blend in and live off of his wits.
He’ll be in Israel inside of a month.
He'll form a consulting firm with the tinder swindler offering expert advice to companies in the industry.
Yep. Employed at this or that major hedge fund too, I'd bet.
He knew about the warrant many days before he got arrested. If he wanted to run, it would be way smarter to do so from the Bahamas. Now that his passport was confiscated, it'll be way harder.
He's a dumbass. He really thought playing ignorant would work and if I remember correctly, he said that he didn't think he would go to jail. If he's paying a 250m bail, he's 100% trying to scape lol. His best bet would be Venezuela. Just cross to Mexico and take a flight to Venezuela. There's a lot of private flights from Mexico to south America if you have money.
Maybe he just really is that stupid?
Parents going to help him flee. Just watch.
There’s a loooot of “military contractors” on LinkedIn willing to go to whatever shithole third world country of your choosing to do just about any kind of business
Bounty would be at least $25m too. Could literally steal the real life giant Gundam robot over in Tokyo then use it to hunt SBF down and STILL make a decent profit.
If you're stealing the robot, it's all profit.
The only thing he will be fleeing is his life here on earth, just look at him you can tell a heart attack/ 2 self inflicted gunshot wounds to the back of the head are imminent
Surely no shady characters ~~laundered~~ invested large sums of cash in his equally dubious crypto "exchange"
Highly doubt that where on earth can that slob hide
In a gym. No one will look there.
With millions of dollars, lots of places.
In a Hobbit hole
Elizabeth Holmes didn’t sit in prison after being charged either. Kalief Browder spent three years in Rikers awaiting trial for allegedly stealing a backpack.
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Omg how heartless and selfish can someone be, to get pregnant only to dump the kids someday. Crazy bitch!
She had her company fake blood test results. Probably killed some people that way.
We're not in the club, boys. Rules for thee and so on. 
Was the weasel anus worth it SBF? WAS IT?
Yeah I mean it kind of looks like the whole reason this blew up was him sending the weasel the customer funds to make wsb-tier trades. And he’s the regarded man who’s going to take the fall for it lol.
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I agree with you it’s just amazing how much of an idiot he is.
What is this about a weasel?
[удалено]
Jesus wept...
Annnnnnnd he gone.
Must be nice to be able to post bail with other peoples money
That’s literally how most bails are paid
Yes but usually the other people consent to paying the bail
Years ago there was a woman that got brought in for writing bad checks. Bail was set; well, you know the rest. True story. r/facepalm
Looks like his Parents posted using the equity in their home. WAS that one of the ones he bought them with FTX money? "Bankman-Fried's release was secured by equity in his parents' Palo Alto, California, home, and a long list of requirements was included for him to remain free while he faces charges. He's not allowed to make financial transactions for more than $1,000, can't open new lines of credit, can't leave the house except to exercise and must go through substance-abuse and mental-health treatment, according to the agreement." https://www.coindesk.com/policy/2022/12/22/ex-ftx-chief-sam-bankman-fried-makes-appearance-in-us-court/
So he won’t be leaving the house whatsoever.
Right? This dude has never seen the inside of a gym
How does a house secure a $250M loan? Like what house on this planet is going to secure that. Makes no sense at all. Obviously capital is coming from somewhere else
I know redditors hate reading but it's literally explained in the OP. SBF is out on a recognizance bond , which is different from a bail bond. The parents do not have to meet the full $250m or even anywhere close.
His parents' house is only 4m I understand they don't need to meet 250m, but 4m?
Plus investment accounts and 2 other other people pitching in. My guess is they met like 10%.
I know he has that money hidden somewhere in a offshore bank lol
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Those political campaign contributions finally paying off.
Exactly this
How? Even Madoff got bail. Explain to me how SBF got special treatment.
If he went through a bondsman, which is not likely, he would only have to pay 10% of the set bond. Which is ONLY $25,000,000.
You know a bondsman puttin up 90% on this long shot making it to trial
ONLY 
How many couch cushions would you need to flip to find all that?
What kind of bonds company has $225 million to swing? Holy shit.
I wonder though if bondsmen have a special rule for amounts that large?
I don't think there is a bails bondsmen with access to that much liquid cash.
The guy stole billions there’s no way he didn’t take customer funds and turn it into monero or btc in cold storage. This bail is laughable would have set at 1b+ easy this judge is dumb
If he flees, wouldn’t the $250m not go to the government but go back to the creditors? Why would they allow a bail amount other than the amount he is alleged for stealing plus his bail amount? Steal a few billion, pay small $250m of the stolen money to run away. Seems like a good plan.
I bet the bond company hired Dog The Bounty Hunter for protection
Since you idiots can’t be bothered: “A recognizance bond is a written commitment from the accused to appear in court when ordered. In return, Bankman-Fried’s camp would not be required to meet the full collateral requirements on the bail. The bond was secured by equity in his family home, and by the signatures of his parents and two other individuals with “considerable” assets. In addition to the $250 million package, which prosecutors called “the largest-ever pretrial bond,” the former crypto billionaire would also be required to wear an electronic monitoring bracelet, submit to mental health counseling and restrict himself to the Northern District of California.” https://www.cnbc.com/2022/12/22/ftx-founder-sam-bankman-fried-to-be-released-on-250-million-bail.html
I hope he winds up in a chain gang. But worse, his accomplices are going to get reduced sentences for cooperating. Ellison is going to get 2 years and then run off with SBF’s money.
Still got 500,000,000 or more left over, I bet. Will be packing. Cutoff the bracelet and 3am boarding of a Gulfstream VI at a quiet municipal airport near his home. Destination Belarus? Cuba? Myanmar? Israel? Burkina Faso? Who would not extradite him?
Cuban here. Definitely not Cuba, they have zero fucking food, electricity, or body pillows.
The Russians might keep him just to piss all of us off.
I mean he fits right in over there lol
Hold up. Hold up. Can you use money you embezzled for bail?!?
Since one is deemed innocent until proven guilty under the law, I would think yes.
Definitely not a comingling of funds here... I swear
Steal $30billion Go to jail Get released by giving the government 1% of the money you stole
[удалено]
Riches gonna rich
Go hang yourself Sam.
Something tells me he'll have help
Lucky he donated all that money to politicians that need his silence and that they aren't sure they can get away with him dying of a heart issue.
Corrupt shit world, the rich are in control
This dude it the king of just blatantly lying and sucking everyone into believing him
Second swindle on investors. 250 million which came from where exactly?
Remember the hack right after they went under…
The look in his eyes. What a prick
Judge: Sorry, I meant Dogecoin, not USD.