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2ndprize t1_j2arvtj wrote

Yeah, like pretty much everyone charged with a serious crime


One-Weather-740 t1_j2aw056 wrote

"it was a miss-click, i swear"


pbx1123 t1_j2ccnt9 wrote

He stil clicking from home

Mive around 600k an article said during the day


notTumescentPie t1_j2bw8us wrote

Exactly. Mass shooters caught with the murder weapon(s) in hand plead not guilty. It is just how the system works.


sincerely_ignatius t1_j2c54b2 wrote

Actually in kinda surprised. with two cooperating witnesses hes dead to rights. He must not have received any sort of plea deal


2ndprize t1_j2ca0eq wrote

It's the beginning. In general you can't even get the discovery (not required in every jurisdiction) if you enter any other plea. Many times deals aren't offered this early.


SoylentRox t1_j2cowb1 wrote

Why did the other 2 already plead then?


2ndprize t1_j2dsg0t wrote

That's easy. Cause they are taking deals to fuck this guy


BroxigarZ t1_j2coj53 wrote

It doesn’t matter really his accomplices already pleaded guilty to get a plea deal so he’s essentially absolutely fucked however he pleads.


Forgot_Password_Dude t1_j2d46xh wrote

but these cases can go on for years. meaning he has a chance to live freely and also chance of lawyers to mess up badly so he gets let go lightly or end up not guilty; you never know for sure


beepbeepboopbeep1977 t1_j2cn7sc wrote

It’s how the system works. They have to plead not guilty to go to trial.


2ndprize t1_j2dsnn1 wrote

Usually you need to do it even if you have no interest in going to trial.

But this is reddit where people like to think a formality has deep meaning


beepbeepboopbeep1977 t1_j2f9ft7 wrote

Are you saying that you plead not guilty, then use the cost of trial as a bargaining chip in a plea deal? I thought plea deals were negotiated before pre-trial hearings? (Please excuse my probable use of incorrect terms - I live outside the US and am using our local terms, hopefully they’re similar enough to be understandable).


Wittywats t1_j2citmw wrote

Until they later change their plea to guilty after cutting a deal.


SyrioForel t1_j2azwks wrote

He’s going to jail either way, and for a very long time. If he pleads guilty, his chances of jail time are 100%. If he pleads not guilty, he has a one in a million shot of miraculously getting off.

He looked at those odds and decided, “So you’re telling me there’s a chance!”


el_muchacho t1_j2bbavk wrote

He is running after the clock, hoping that some change in political power will be more favorable to him, with, say, more corruptible people in charge.


Akratus2 t1_j2dxliy wrote

Yes but he gave shit tons of money to the democrats, so Trump would never help him, and the Democrats are looking to make an example of him. Bridges to both parties are burned.

Now his buisness partner who was giving money to the republicans could have gone with that strategy, but instead got a deal to help them get SBF which is the smartest thing he has done yet.


permanentmarker1 t1_j2b3pko wrote

Maybe in like 15 years. Not right away


Joe_Doblow t1_j2c7t1n wrote

15 years wouldn’t be bad… for him. He’d come out at 50 or whatever rich as fuck write a book etc marry a model


YawnDogg t1_j2ckhj9 wrote

Is there any proof this dweeb fucks hot women?


PerfectPercentage69 t1_j2cilaj wrote

No. It's going to be more than that. The sentence is heavily impacted by the amount of damage and the number of victims. Considering the damage is in the billions of dollars and there are millions of victims (ie. customers), he's most likely going to max out the criteria for sentence length.


blueB0mber t1_j2bq3h0 wrote

Well with no more wild sex parties he has to get off from something before he goes to prison for the rest of his life!


Nebuli2 t1_j2bco9k wrote

Sure he has a tiny chance if he pleads not guilty, but when he gets sentenced, it's gonna be for a lot longer.


ThisPlaceSucksRight t1_j2buv37 wrote

Did you read about the one Todd Chrisley went to or is going to? It irritates me so bad reading about the tennis and basketball courts, the hobby shops, the woodworking and music room. Pool room. Store that had everything Basically like a locked down apartment building. White collar criminals go to fantastic prisons and Sam won’t suffer. He will be there for max 10 years and come out to the billions left to him by his parents. I hate this dude.


SoylentRox t1_j2cpqpm wrote

It's the rules. White collar criminals are often smart - they know not to escape because they are able to plan ahead at least short windows into the future. (they wouldn't be criminals if they could plan long term). So the prison doesn't need bars or guard towers, just a daily roll call. If you escape they send you to a higher security facility.

They don't necessarily riot or destroy property, and they often have money stashed to afford the prison staples. If they do escape they don't necessarily murder or rape, maybe a little conning.

I'm just saying - some of the suffering violent criminals and poor criminals endure is because the prison HAS to be built like that. Another problem is the state prison system is inconsistent, some state prisons are hell on earth, others are probably about as nice as a federal prison.


jens-2420 t1_j2c9m0n wrote

Wait for it. American legal system works miraculously sometimes.


crabhope t1_j2czl19 wrote

I like your optimism that he will do a lot of time, but sadly I think he’ll maybe get out in 5.


RPL79 t1_j2e19yh wrote

Anything is possible. But he should plea out.


Eponymous-Username t1_j2b279z wrote

Can't imagine he'd have much to gain from pleading guilty at this point...


0pimo t1_j2bd6x4 wrote

Yeah no lawyer worth a shit is going to let their client plead guilty right off the rip. Even if you are 1000% guilty and everyone knows it.


EZKTurbo t1_j2bswdd wrote

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.


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.


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.


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.)


Quantumercifier t1_j2cwj3z wrote

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


erikwarm t1_j2d8pzu wrote

Unless he has dirt on somebody else and uses it to get a plea deal


danielravennest t1_j2eicsd wrote

All those politicians he contributed to is the only thing I can imagine with enough clout to get a deal. You never get a deal to flip on a smaller fish.


TheUmgawa t1_j2azzha wrote

"Your honor, my client pleads not guilty by reason of idiocy. It is our belief that any jury would be convinced that no rational person would have entrusted a moron like my client with their money –or pretend digital money, as it were– and so I currently move for summary judgment, with prejudice, vis a vis ex post facto ad nauseum mens rea. I'm not sure if any of those apply, because I'm as good a lawyer as my client is a CEO. He found me on Facebook, where I go by Hindu Kush 420 Esquire, and must have just thought I was a lawyer."


Snaz5 t1_j2bh29e wrote

Ah, the Fox News defense


eggshellcracking t1_j2cjk7s wrote

"your honour, how can it be fraud if crypto is just magical internet tokens and not real money?"


TheUmgawa t1_j2ckmw3 wrote

Fools and their pretend digital money are soon parted.


WTFrashelle t1_j2dkwjw wrote

If it’s the funds weren’t “real” where is the crime?


TheUmgawa t1_j2e0q02 wrote

That’s what I’m saying. They don’t want it regulated like money, and they don’t want it regulated like securities, but when someone steals or loses their pretend digital money, they want the government to help them.


ActualSpiders t1_j2bayih wrote

What's going to be his defense? That all the stuff he's already admitted to doing in interviews aren't actually crimes? Is he going to walk over to the jury box and just start handing jurors checks (that will all bounce)?

Bold strategy, Cotton...


[deleted] t1_j2aul1t wrote



One-Weather-740 t1_j2aw5an wrote

When real money has been taken from innocent people and turned into fake money, yes.


CompetitiveYou2034 t1_j2c5f6p wrote

There's still Fraud. They promised client assets would be placed in a vault. Instead allegedly they were used as collateral to purchase risky assets. If they won their bets, clients might never have known.


el_muchacho t1_j2bbfv0 wrote

No, and that's why he could do what he did. But the judges don't need it to throw the book at him.


methcache t1_j2bj8y7 wrote

Is it any faker than what the Fed magically prints out of nowhere?


guy_incognito784 t1_j2bodyu wrote

Yes. One is backed by the full faith and credit by the United States government, the other is not.


methcache t1_j2bokf4 wrote

Enjoy your hyperinflation bud


guy_incognito784 t1_j2bonwq wrote

It’s always nice when complete dipshits like to pretend they understand monetary and fiscal policy.

Hyperinflation, lol fucking dipshit. Stick to what you know….which appears to be trading avatars.


methcache t1_j2bow3m wrote

I object to this, I’m not a complete dipshit, just a bit of a dipshit. You take the cake tho, you’re just being rude


zoltan99 t1_j2bq5he wrote

Go look up examples of hyperinflation and reflect on your comment, or sit in ignorance thinking this is hyperinflation. Jesus. I mean, my god, that’s a lot of confidently being wrong packed in so few words, the density of the wrongness is actually impressive.


methcache t1_j2bqdxb wrote

You’re making a lot of assumptions here, never did I ever say we’re in hyperinflation right now. Chill my dude. Other guy doesn’t need anyone white knighting for him


Hmm_would_bang t1_j2bsni4 wrote

Yeah I can go buy stuff with the US dollar, and my savings held in the US dollar won’t drop 50% in a matter of days. Just a couple pretty small differences…


BRCKDefenseAttorneys t1_j2b2jm4 wrote

Click bait. Pleading not guilty is the first step in almost all criminal cases- it doesn’t mean he won’t change his plea to guilty later in exchange for a plea bargain.


StackOwOFlow t1_j2bb5uv wrote

"Crypto isn't real money" is probably the defense. Gary Gensler to testify


DoodMonkey t1_j2b8yae wrote

Take the George Santos defense.


GordianNaught t1_j2bqoty wrote

The Federal Sentencing Guidelines looks at the dollar amount of the fraud or intended fraud to score the length of sentence. Even as a First Offender he is looking at 25 years plus. Changing his plea to guilty later and accepting responsibility will give him a 3 level of severity decrease to something like 18 years. FFS, he already had 2 insiders turned government witness against him! This kid is toast.


Neatcursive t1_j2btv5r wrote

No one should ever plead guilty before filing their request for discovery, and seeing the evidence in the government's case. Anyone who says otherwise is an idiot, and has no idea how incredible our criminal justice system is compared to most countries around the world.


Expendable_Employee t1_j2ay1tu wrote

Assuming his lawyers may have told him to not do this, I'm not surprised.


sign_up_in_secondss t1_j2besgl wrote

I feel like his legal defense is going to rest on convincing an impressionable jury he was not responsible and it was all the other schemers at FTX that did him in


StolenErections t1_j2cizre wrote

He’s going to keep smirking all the way to prison, in any case


colin8651 t1_j2bkv4c wrote

96% rate and not asking for forgiveness. Good luck


unbuottawa t1_j2c1k24 wrote

I wish Law and order was still on the air. This would have made for a great episode


hindusoul t1_j2c9jos wrote

It is back… but it doesn’t hit the same.


WiebeKong t1_j2cacsf wrote

There's pretty strong evidence to indicate he's committed fraud since he bailed out.


fleker2 t1_j2cjxe6 wrote

I'm not surprised he'd plead not guilty. Most criminal defendants do. It just means the whole thing will go to trial.


Royalstopdrop t1_j2cro9c wrote

If the courts fail to bring justice to this idiot, the thousands people people he scammed will.


ahungrylilsandwhich t1_j2drlae wrote

He didn't get a plea deal which means he likely won't be flipping on whoever set him up to do all of this. Dude's going to serve time.


communiqui t1_j2b1is6 wrote

Then he can refund my money


methcache t1_j2bj1ho wrote

Scam Bankrupt Imprisoned


themast t1_j2buh3t wrote

Good luck asshole


Techutante t1_j2c2a3f wrote

Innocent by virtue of stupidity your honor!


pinal57 t1_j2cc25v wrote

Who is he?


Traditional-One-3742 t1_j2ctqbm wrote

He need to be put on death row Solitary for the fraud he committed Or put him in gen pop to get raped by his new cell mate …… It’ll be the new Bahamas for him


CantKBDwontKBD t1_j2d3crq wrote

Wierd. He kind of seemed like a guy that would admit he was a criminal once caught


bkornblith t1_j2dev0w wrote

I don’t care what he pleads as long as they lock him up and throw away the key. I’m


gozba t1_j2dh0fu wrote

Doesn’t matter, he’ll be locked up for over 20 days (seeing he is white and rich)…


akumaz69 t1_j2dmfxb wrote



Ky0fu t1_j2e7654 wrote

😱😱😱no way??! 🙄


Ok_Fox_1770 t1_j2ebsbi wrote

The big donator… I’m sure he’s gonna be just fine and it’s disgusting.


polarisgirl t1_j2ee80o wrote

And your surprised? And why?


danielravennest t1_j2ehn9q wrote

When your own name screams "Bank-man Fraud", it is going to be hard to maintain a presumption of innocence.


Spepsium t1_j2b72wj wrote

water likely wet


ColoradoSpringstein t1_j2bpfwg wrote

Pretty sure we need to be arresting the people who (used him as the fall guy) enabled him to get into this position in the first place.


TheNerdWithNoName t1_j2bzfr5 wrote

And who do you suppose that would be? The morons who bought into the whole idea of crypto in the first place?


ColoradoSpringstein t1_j2c0qji wrote

Uhhh SoftBank, Tiger Global, Paradigm, Sequoyah, etc… all these institutions with billions in assets that have been playing the game for decades. Why would they enable sbf to do this? What do they gain out of this whole thing?


TheNerdWithNoName t1_j2c29i0 wrote

> Why would they enable sbf to do this?

How, and by what means, do you assume they enable him?

>What do they gain out of this whole thing?

No point in speculating about that before you have a solid answer for the first question.


ColoradoSpringstein t1_j2c59hj wrote

Think about it. What did ftx do? Renamed a stadium, got Larry fucking David to do a Super Bowl commercial, made donations to politicians on both sides of the aisle, lobbied the chair of the finance committee to presumably help with the writing of any crypto related regulations, got tons of high profile celebrities to endorse and invest in their exchange, that they ran alongside their hedge fund, they bailed out or acquired bunch of other crypto exchanges.. like that’s a pretty large list of high profile side missions if this shit were just a scam. Idk I been smoking that good shit while looking into this. Going off on all sorts of tangents.

You can blame all this on the greater fool theory running wild and think that sbf just got a bunch of strangers to invest gobs of money with him that he then went on to do all this baller shit with. I just can’t buy it. Too early to tell but it’s fun to speculate.


TheNerdWithNoName t1_j2ca82c wrote

When you are conning people out of actual currency and giving them imaginary currency. Then assigning the imaginary currency a value based on who-knows-what, then you have a shitload of real spending money. When the whole thing is completely unregulated there isn't much stopping anyone from doing the same thing.


screaming_vultures t1_j2b2d8r wrote

He is going to be protected by his donations. They are going to try to find an excuse like he was on drugs or he had mental health issues


CompetitiveYou2034 t1_j2c5x1u wrote

Past donations don't buy anything. They're, well, past.

Only the prospect of future donations counts. And I can't see any clients letting SBF control their money ever again.


cludinsk t1_j2bna4a wrote

Once you abscond with that much money you can buy entire law firms to represent you.