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submitted 7 months ago by Posadas@hexbear.net to c/news@hexbear.net
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[-] joaomarrom@hexbear.net 59 points 7 months ago

Sam Bankman is now fried

But seriously, it's a very convenient end to this whole situation that there's now a big "THE END" sign hovering in front of a clusterfuck of financial crimes, with one very prominent face behind bars. Are we supposed to believe that this is it? That there's not dozens of other professional money whisperers getting away scot-free, and already planning their next move?

[-] Rom@hexbear.net 31 points 7 months ago* (last edited 7 months ago)

lmao this turns Bankman-Fried into an example of nominative determinism

[-] FunkyStuff@hexbear.net 20 points 7 months ago

You defraud the bank and, man, you're fried.

[-] CoolYori@hexbear.net 44 points 7 months ago* (last edited 7 months ago)

Naturally orange hell site is busy explaining why 25 years is too much because since his crime is so big he obviously cant repay anything or learn anything. That means any prison time is just revenge to them.

EDIT: They even admit that they can lose tens of thousands to the guy and still think mugging is worse and they would want to see them punished worse.

[-] AcidLeaves@hexbear.net 27 points 7 months ago

lol literally just admitting they only care about being robbed if its a poor person doing it

[-] GalaxyBrain@hexbear.net 22 points 7 months ago

So if I personally rob them I'm sure I'd be granted the same latitude by them.

[-] CoolYori@hexbear.net 22 points 7 months ago* (last edited 7 months ago)

No because robbing is for poor people when you are rich its called fraud. You see if you lie to someone and then take their money its different than threatening them and taking their money.

lenin-rage

[-] GalaxyBrain@hexbear.net 12 points 7 months ago

It's alright that they took my money because they don't even need it.

[-] Magician@hexbear.net 18 points 7 months ago

Ghouls are gonna ghoul.

[-] Cigarette_comedian@hexbear.net 37 points 7 months ago* (last edited 7 months ago)

You people just don't understand, this is good for Bitcoin :cryptocurrency:

[-] trabpukcip@hexbear.net 35 points 7 months ago

Seems like kind of a long time for finance crimes, but then I looked up Bernie Madoff, and he got 150 years and died in the clink in 2021

[-] InevitableSwing@hexbear.net 23 points 7 months ago

SBF is only 32. He'll be out and criming by 2050.

[-] Infamousblt@hexbear.net 33 points 7 months ago
[-] ClimateChangeAnxiety@hexbear.net 32 points 7 months ago
[-] Ram_The_Manparts@hexbear.net 27 points 7 months ago

Jailman Jailed

[-] SorosFootSoldier@hexbear.net 32 points 7 months ago
[-] invo_rt@hexbear.net 32 points 7 months ago

This dude deserves it, but the only reason he's actually doing time is that he broke the cardinal rule of "don't fuck over institutional investors". Did any CEOs go to jail for doing mass mortgage fraud in 2008?

[-] PoY@lemmygrad.ml 18 points 7 months ago

no, in fact they just changed the rules of the game affecting the whole rest of the world

that's what happens when you're part of the club

[-] HexbearGPT@hexbear.net 14 points 7 months ago

Exactly. He’s just the new bernie madoff: don’t steal from the rich is the only lesson here.

[-] abc@hexbear.net 31 points 7 months ago

good he's been devastating to the curly haired man community (me)

[-] Grandpa_garbagio@hexbear.net 24 points 7 months ago

A guy dressed as Sheldon from the big bang theory tried to make fun of my friend on Halloween because he has hair like SBF (so do I for that matter)

Let me reiterate: A guy dressed like fucking Sheldon

It's been a nightmare out here

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[-] BigBigChugnus@lemmygrad.ml 28 points 7 months ago

Scamming crypto bros is kinda based though

[-] Tunnelvision@hexbear.net 16 points 7 months ago

It pretty much the only reason he got 25.

[-] Rooskie91@discuss.online 28 points 7 months ago

Cool, now put all the dipshits that mistook his ADHD for genus in jail. If you're big business boy and you can't even tell when a loser is playing you, you don't deserve to be a big business boy.

[-] BakerBagel@midwest.social 41 points 7 months ago

You can't just throw every MBA in jail like that. Who's going to funnel the maintenance budget into stock buybacks at my company?

[-] ClimateChangeAnxiety@hexbear.net 39 points 7 months ago* (last edited 7 months ago)

just throw every MBA in jail

sicko-wistful

[-] aaaaaaadjsf@hexbear.net 20 points 7 months ago

Don't forget screwing up Boeing. They went from making incredibly good planes like the original 747, to the 737 MAX variants which constantly get involved in accidents. All because the MBA bean counters got to be in charge instead of the engineers.

[-] Lemmygradwontallowme@hexbear.net 14 points 7 months ago* (last edited 7 months ago)

Rooskie, I suggest you don't mistake his grifting as "ADHD"...

[-] MineDayOff@hexbear.net 27 points 7 months ago

This won't bring back my funged apes angery

[-] aaaaaaadjsf@hexbear.net 26 points 7 months ago* (last edited 7 months ago)

Glad to see that Mr. Some Banking Fraud is finally going to jail. Deserves a longer sentence honestly.

Wonder what's going to happen to all his business partners, including his girlfriend. Surely this is a green light to go after them too?

[-] take_five_seconds@hexbear.net 25 points 7 months ago
[-] Rom@hexbear.net 24 points 7 months ago

Extremely rare US judicial system W

[-] HexbearGPT@hexbear.net 24 points 7 months ago

This is autistic discrimination, probably.

In like 150 years they’ll be as appalled at this as we are at when they put like disabled people on display in the circus.

[-] BountifulEggnog@hexbear.net 17 points 7 months ago
[-] GarbageShoot@hexbear.net 23 points 7 months ago

Of course it is

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[-] somename@hexbear.net 13 points 7 months ago

If the polycule is cringe, it’s off to the bin

[-] furzegulo@lemmy.dbzer0.com 19 points 7 months ago

hahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahaha

[-] DivineChaos100@hexbear.net 18 points 7 months ago

More like kleptocurrency amirite?

[-] SpiderFarmer@hexbear.net 17 points 7 months ago

I feel sorry for this guy, but only cause there"s way worse people than him walking free.

[-] duderium@hexbear.net 15 points 7 months ago

Why do tech bros all look like that? Regardless of race, they all kind of have a similar appearance, don’t they?

[-] Aryuproudomenowdaddy@hexbear.net 21 points 7 months ago

You mean the empty eyed serial killer stare?

[-] Posadas@hexbear.net 13 points 7 months ago

The computer deamons steal the soul.

[-] FunkyStuff@hexbear.net 11 points 7 months ago

Techbros I know are either bloodthirsty MIC bros that look like Stonetoss (aka Hans Christian Graebener) and probably post on NCD, or they're just friendly goofs that look a little bit like SBF and talk like Elon. Maybe it tracks.

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[-] adultswim_antifa@hexbear.net 14 points 7 months ago

Haven't they found a few people that ripped off crypto fools in suitcases?

[-] dRLY@hexbear.net 12 points 7 months ago

He should have gotten way more than 25yrs. Should have gotten the death penalty like similar people like him get in China. Same for his parents.

[-] Moonworm@hexbear.net 10 points 7 months ago

A carceral state of mind

[-] Chapo_is_Red@hexbear.net 10 points 7 months ago

They almost always end up commuting the death sentence to prison

[-] InevitableSwing@hexbear.net 10 points 7 months ago

I mashed together a couple posts by a dipshit law guy on Bluesky...

Back in November 2023, I told Forbes I'd be surprised if SBF received less than 25 years. I interpret this sentence to mean that Judge Kaplan would NEVER sentence a white collar criminal to more than 25 years, no matter how reprehensible. Judge Kaplan found that Mr. Bankman-Fried was "the worst he had seen in 30 years on the bench" and then imposed this sentence.

https://bsky.app/profile/mitchellepner.bsky.social/post/3korpydosvw2m

"I interpret"? I love it when a dipshit law guy reinvents the wheel.

[-] WeedReference420@hexbear.net 7 points 7 months ago
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this post was submitted on 28 Mar 2024
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