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yikes27652 t1_izzaelu wrote

Not to mention that we have people all over the place, including sr government officials, refusing to appear in front of congress when subpoenaed, and they face literally 0 consequences. Sets a great example/precedent.

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RedmannBarry t1_izzefdz wrote

I wish I was rich

Edit: they just arrested his ass in the Bahamas

Edit: here

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azurleaf t1_izzjmgu wrote

You see, he is rich.

Problem is, he pissed off a lot of other, far more wealthy people. Individuals who really don't like being screwed over. He's finished.

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Bright-Ad-4737 t1_izzt1ql wrote

We'll find out if he's rich. Either all his wealth was in FTX, in which case he is no longer rich, or is isn't, and he might have some money stashed away somewhere. It's gonna be interesting seeing this one play out.

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Nieshtze t1_izzv6t7 wrote

I'm sure he's stashed a boatload of money in offshore accounts and cryptocurrency wallets. I don't think the government will be able to lay its hands on his money.

The government will be able to take most of his money, but I wouldn't be surprised if he has a few million dollars (a tiny portion of his large fortune) hidden away in hard to track crypto-wallets and offshore accounts.

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Kahzootoh t1_j00d8n0 wrote

Odds are they'll get ahold of his computers, phones, correspondence, and financial records to basically figure out where he stuffed the cash by going through the records.

If it is in a bank account abroad, they can seize it with the proper paperwork and court orders. The reach of the US government is considerable, especially when dealing with people are already incarcerated in US prisons. There are some places that don't play ball with the US, but putting money in those places is a considerable risk.

If he tucked it away in a hard drive or some other form of digital storage, they can probably crack that - either the password is something that is similar to his previous passwords and can be figured out with analysis and time, or has he generated a random character password and stored this password somewhere.

I can see guys who steal tens of millions being able to hide some of it, especially if they worked alone -or at least limited their partners- and have a limited digital trail.

SBF stole billions; enough money to make it worth going through every minute of the last decade of his life with a fine-toothed comb, he worked with a ton of other people who have knowledge on his methods (and are young enough to desperately want to avoid spending decades in prison themselves- so they will testify), and he was basically plugged into one device or another at all times.

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Nieshtze t1_j00gjdq wrote

>SBF stole billions; enough money to make it worth going through every minute of the last decade of his life with a fine-toothed comb, he worked with a ton of other people who have knowledge on his methods (and are young enough to desperately want to avoid spending decades in prison themselves- so they will testify), and he was basically plugged into one device or another at all times.

This is a good point... The fact that he has billions probably makes it worth it to put a bunch of federal agents to work and crack his case. However, I still think he probably managed to sock away a few millions of dollars (a small drop in the ocean compared to his fortune) in offshore accounts/crypto wallets (Russia/China?) that may not be worth pursuing.

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Kahzootoh t1_j00lqnc wrote

If SBF takes some form of plea deal (which he almost certainly will- Madoff did, and Madoff was smarter than this guy by an order of magnitude), it's basically guaranteed that a condition of his deal will be to disclose where all the money went- he won't be allowed to retain any of it.

That makes tracking down the little amounts worthwhile, because it only takes a tiny amount of money to render his plea deal null if it can be shown that he has broken the terms of the agreement.

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ExoticCard t1_j032m5u wrote

No. No wallets. Memorized the wallet information. Can open it any time in the future. It's in his brain. That's freedom.

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ExoticCard t1_j032ox7 wrote

No. No wallets. Memorized the wallet information. Can open it any time in the future. It's in his brain. That's freedom.

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Bright-Ad-4737 t1_j009w7r wrote

Oh, the US has an extradition treaty with the Bahamas. Unless he somehow manages to somehow El Chapo the police in the Bahamas, he's unlikely to escape the US justice system.

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Alert-Garlic1998 t1_j00h2am wrote

The question now is does he go out like Madoff or like Epstein?

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Bright-Ad-4737 t1_j00jyys wrote

My money's on Holmes, but who knows? Maybe he could pull off an Adam Neumann and get Andreessen Horowitz to back him again. Somehow Trump is still out there not in jail (so far).

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Alert-Garlic1998 t1_j023wze wrote

Wait. You’re thinking he’ll try to delay sentencing by getting pregnant?

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Bright-Ad-4737 t1_j02b4fc wrote

Anything's possible these days. Delaying the process due to transitioning and then again for pregnancy. Welcome to the strange future we never thought we'd be in.

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Nieshtze t1_j00g5kh wrote

Oh, I have no doubts that he will be arrested and put to justice. I'm only talking about him hiding away a few millions of his billions of dollars in crypto 'sock drawers' of sorts.

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Lemonio t1_j00mozm wrote

If it’s crypto that crashed could be not worth much

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AssCakesMcGee t1_j00sl60 wrote

He'll get Epstein'd

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moratnz t1_j01bwvq wrote

Does he have secrets? He's hurt the rich and powerful, but isn't an ongoing danger. Take his toys and stick him in one of the poors' prisons and that's enough.

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Ghstfce t1_j008440 wrote

Wasn't the reason they got him was because he moved the house in the Bahamas to his parent's names? Or is that some other rich fuck?

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Twerkatronic t1_j01156g wrote

He got a 1-billion-dollar personal loan from Alameda

Yes, billion with a B

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vintagebat t1_j003epp wrote

There’s a really good chance he wasn’t just in the Bahamas on vacation.

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Bright-Ad-4737 t1_j00a25m wrote

The company was headquartered there. If he was trying to evade the US authorities there, it was a pretty dumb move because the Bahamas has an extradition treaty with the US.

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vintagebat t1_j00b1er wrote

Bahamas is a huge tax shelter. I’m going to guess he’s been treated with kid gloves so much, he thought he was only going there to avoid taxes.

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Bright-Ad-4737 t1_j00d560 wrote

Of course he would have avoided taxes, there are no taxes on income or capital gains for citizens and residents in the Bahamas. It's not really "kid gloves", everyone gets that treatment there.

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vintagebat t1_j00egln wrote

I meant more by the US DOJ, who up until now has been letting him walk free.

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RedmannBarry t1_izzjs88 wrote

Ya that’s why they got him. Still. He won’t be treated as bad as all the other inmates. This place is broken.

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pessimistoptimist t1_izzlnsa wrote

He pissed then off without having a blackbook in his pocket that had dates and names of people invovled in 'certain activities'

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sleepingwiththefishs t1_j005rsp wrote

All that gets you is hung.

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humanefly t1_j00qpyq wrote

I figure if I were as wealthy and connected as Epstein, with a black book like that I should be able to smuggle in some drugs to put me in a coma that is so convincing I appear to be dead, and then the prison will call an ambulance, when the "ambulance" comes my employees will come inside the prison, put my on a stretcher and carry me out and no one will stop them. I'll have them shut off the cameras first, and have the guards take a nap just to be sure no one sees me taking the drugs and falling into a coma.

Once I'm out, all I really have to do is bribe a coroner I guess

Then I guess eventually I might get some facial reconstruction surgery but it's not really a pressing matter, because I'm "dead."

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Meg_119 t1_izzx8ae wrote

True, if you piss-off retail traders by naked shorting stocks nothing happens. But if you steal from the 1% ers then you will be punished.

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smalleybiggs_ t1_j004s3c wrote

Exactly. Only reason Elizabeth Holmes got convicted is because she defrauded wealthy investors, not because she ruined the lives of many patients.

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Bgal31089 t1_izzn5yb wrote

Or he stole for the right people and he is going to walk right out the back door like Epstein did and live a life of luxury and anonymity/thought to be dead on an island somewhere

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DVRKV01D t1_izzwh9d wrote

He should’ve chose a better spot to run than an open ass island chain like the Bahamas. Even if the feds didn’t come snatch his ass some ex intelligence wet teams damn sure would’ve on god. $10Bil ain’t an amount u run off wit and “hide” in the open in the fucking Bahamas like a moron I knew his ass was finished when I saw him admit to fraud in that interview. I bet u it’s gon be a while before they get Caroline.

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Meg_119 t1_izzxq2j wrote

Just read an article by Gasparino that she retained big time Lawyers.

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DVRKV01D t1_izzynpr wrote

The irony. It’s funny cuz the media was portraying Sam like the evil genius and she was caught up in over her head. But we see Sams ass is the 1 acting like a dumb ass deer in headlights and snitching on himself in 4K on a mf interview like an idiot. If I had his kind of $ and his kind of political connections/favors no fuccin way they would’ve found me, much less in the fucking Bahamas 🤦🏾‍♂️🤦🏾‍♂️

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Meg_119 t1_izzzfwl wrote

Yep. But maybe he wasn't so dumb. All of these interviews were made public....he might have been trying to protect himself from suicide under mysterious circumstances.

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DVRKV01D t1_j0019gl wrote

Yeah wouldn’t want to end up getting Epsteined or end up like them other 4 crypto bros that crashed their yacht after shooting themselves 2 times in the head or whatever bullshit story they had said. That last 1 was the most obvious.

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lanahci t1_j035ywk wrote

The one guy who went swimming with his wallet and shit in his pockets

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RF1408 t1_j020718 wrote

Rule 1. Do not piss off the money.

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YnotBbrave t1_j01ts3j wrote

You see, he was rich.

If his company was still worth 16B, his Politico friends would stay on board supporting him. But now that the ship is sinking, the rats are scurrying away

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psychedduck t1_izzi2ry wrote

I haven’t been this excited to see someone go down on flames since Elizabeth Holmes. Fuck these tech shysters.

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Bright-Ad-4737 t1_izzt4m7 wrote

Tech?! Crypto 'aint tech. Crypto is just a grift in tech clothing.

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foldingcouch t1_izzk255 wrote

Calling it now, he dies in custody in the Bahamas tonight.

Once the FTX collapse became unavoidable, about 500 million was transferred from FTX to the government of the Bahamas under very unusual circumstances. He's not making it back to the US.

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memberjan6 t1_izzl2th wrote

If you follow the money, who benefits in that scenario?

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danimalDE t1_izzmm6v wrote

Other hedgies in the us that made donations to juuuust the right politicians….

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wejustsaymanager t1_izzpzxm wrote

Cough citadel cough has assets in bahamas cough ken griffin

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Meg_119 t1_izzycy9 wrote

Yup and KenG has been running a nonstop publicity show for several weeks claiming his Company has made big profits even though every other Company is crying about big losses.

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Lemonio t1_j00mzaz wrote

That’s dumb, no one has anything to gain by assassinating him, he’s not worth anything anymore

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BassmanBiff t1_izzn7f4 wrote

Hope you come back to check on this comment in a few days

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LlamaCamper t1_j003iiy wrote

*were

I wish I were rich. "Unreal conditional clause"

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Reddit_sucks21 t1_izzo5f0 wrote

Yeah, it means jack shit now. The senate don't mean shit unless they do something about it.

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lemmecheckit t1_j005h7k wrote

It's Garland. He refuses to do anything when people ignore subpoenas

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calmatt t1_j01bctb wrote

Ive never really been on board with the legislative branch having the power to subpeona, and being able to throw people in prison for contempt.

Leave that to the judicial branch.

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TittieBop t1_j0223oo wrote

Steve Bannon was sentenced to prison for this. It just depends on if you're a republican or not.

0