By “him” do you mean Sam or Bernie?
sam. bernie was an outright crook
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Yeah, then i agree with you. Or, at least, i think that’s probably what happened. I don’t claim to know for certain.
I also think that the change in policy to allow Alameda unlimited borrowing using customer funds was an egregious line to cross for a quasi-bank as these crypto companies are acting like. Even if SBF believed that he would pay customers back if something went awry, that’s intentionally putting customer funds at risk of loss for your own personal benefit. Yes, it is somewhat like a gambling addict that got overextended. If Alameda had just used their own funds to cover their bad bets and gone bust, he would have done nothing improper.
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Agreed. It is my gut right now, a month from now I may be saying I called it wrong and the guy is scum
So, some of the politicians think the right thing to do with FTX donations is send it to someone of their own choosing. Because if it was wrong for FTX (SBF and possibly other execs) to take someone else’s money and give it to someone of FTX’s own choosing, it makes it right for the politicians to do the EXACT SAME THING. CNBC article
Well, at least some of them aren’t that stupid/corrupt.
A handful of the candidates who received donations from Bankman-Fried appeared to be preparing for the money to be clawed back to compensate alleged victims.
“Clearly this was not Sam Bankman-Fried’s money to give, and for that reason, I plan to return his campaign contributions to the bankruptcy fund that emerges to compensate FTX customers," Rep. Angie Craig, D-Minn., said.
It remains unclear what enforcement mechanism would require political groups to return donations. Recovering those funds via bankruptcy proceedings, which is the most likely route, could take a long time and depend on applicable state and federal regulations.
Rep. Brad Sherman, D-Calif., said he did not think any of his colleagues broke the law by receiving the money, but they should be prepared to return the money to investors.
“Under bankruptcy law, if somebody steals money and gives it to you, you could be completely innocent, but you got to give it back,” he said.Donald Sherman, deputy director at Citizens for Responsibility and Ethics in Washington, said candidates’ decision to donate the direct donations is little more than a public relations decision, but he said that they could still be on the hook if the money needed to be returned.
These two sure did give it up quickly and easily and then start singing like songbirds.
Wang was the one the created the code that allowed Alameda which Ellison ran, to borrow (steal) investor’s and customer’s money without regard and they disguised the account and referred to it as “the Korean account” to hide it. With Wang and Ellison both pleading guilty and them along with Sam running the whole show I think we can now say Sam is a crook as bad or worse than Bernie.
Sam knew what was going on and was lying telling everyone Alameda was on the same footing as every other account. He helped set it up and lied saying it wasn’t going on. That isn’t someone with a gambling addiction thinking he could hit a big one and pay it all off.
I wonder what the deal was for them as far as sentencing goes?
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Sam “down to his last 100k” posts $250m bail
How is someone who was extradited not a flight risk?
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The judge ordered him to be grounded by his parents.
agree. but they seize passports usually. if he jumps bail he jumps bail. then Dog will hunt him down
What’s a bounty hunter’s typical fee? Like 10% of the bail or something? Because for a $250,000,000 bail that would be a lot.
who put up the $250M bail??? In my limited experience, you can go to a bail bondsman and pay them 10%, and they’ll put up entire amount. So who spent $25M??? Or did one of SBF’s friends have an extra $250M and put up the entire amount???
no clue what percent. but with that as the base it will attract…everyone. so he should not be running.
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Time for the old “pack myself in a crate” trick. Second time they’ve fallen for that this decade!
(Time until Mrs Actually comes in to correct in: 5..4..3..)
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I’m sure he told them there is no risk.
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He told who there was no risk? The two friends/coworkers who just pled guilty?
I feel like if he wanted to run he should have done it before the arrest. I didn’t understand why he was fighting extradition, though, so maybe he’s just not acting rationally.
The judge and/or bail bondsman. Just like he told his investors and customers. 
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