Not too bright, Our Sam:
The founder of collapsed cryptocurrency exchange FTX has been sent to prison after his $250m (£197m) bail was revoked over alleged witness tampering.
Sam Bankman-Fried was taken into custody on Friday after a US judge found it likely that he attempted to interfere with key witnesses at least twice.
It means that Mr Bankman-Fried, 31, will now be forced to await his upcoming fraud trial in October from jail.
Witness tampering is one of those things best left to the professionals really. But then Our Sam hasn’t shown himself to be all that bright anyway. If he’d run FTX with even a modicum of good sense it would still – probably – have gone bust but he’s also still be loaded and out of jail. There was just so much cash in having that position for a couple of years.
$250m bail secured against his parents house.
As bail has been revoked this presumably means that the most valuable residence on the planet will be forfeited by his unfortunate parents.
‘Ellison pleaded guilty in December to criminal charges carrying a potential penalty of 110 years in prison. She has agreed to testify against Bankman-Fried as part of a deal that could lead to a more lenient sentence.’
I suppose this could be regarded as sullying her reputation?
“She has agreed to testify against Bankman-Fried as part of a deal that could lead to a more lenient sentence.’”
So bribing witnesses is OK when it’s the prosecution doing it?
Got it.
Bankman-Fried was born on March 6, 1992,[21] on the campus of Stanford University. He is the son of Barbara Fried and Joseph Bankman, both professors at Stanford Law School
Mum won’t be happy.
Tim – So bribing witnesses is OK when it’s the prosecution doing it?
Um, yes? It’s America, so yes, the feds can tamper with witnesses, jail people for invented crimes, and have you killed in your own living room or a jail cell if they want to.
Imagine if you went to the FBI with evidence that could implicate Biden, lol.
That would be a bit harsh, so no. Since he ain’t “on the lam” the Fried/Bankman’s rather dull middle class house will not be for the taking.
“As bail has been revoked this presumably means that the most valuable residence on the planet will be forfeited by his unfortunate parents.”
Of course not, they are Democrats, so protected from little things like laws that apply to Republicans.
To be fair, I think having ones bail revoked doesn’t forfeit the bail, rather you are no longer being offered bail. So the bail monies/security/whatever is returned to those who put it up and SBF returns to custody. Different from forfeiting one’s bail by, say, absconding.