Bankman Fried

I’ll go with 18 and he gets out after 15 with his “aw shucks” routine.

 

Maybe he and Pharmabro can be cellmates.

 

I’m thinking 30 years, but he will get out in 20.

Thing is he was pretty egregious in his theft.

Something interesting I heard yesterday was one of FTx investments has done very well and those with losses may actually get much of their money back..

 

It was an investment in an AI startup (don't recall the name of the company). The investment was actually made by Alameda Research, the fund to which FTX was illegally transferring assets (both were controlled by Bankman-Fried).

 

I logged into my small "fun money" investment account the other day and saw I had $300 extra dollars in cash. Apprently a medical company I invested in committed fraud and went belly up and I got my money back.

 

Bitcoin and Crypto have made a nice comeback since the bankruptcy. I've heard 90%, which is actually pretty good for this level of theft. But .... some people are pointing out the accounts were frozen when they declared bankruptcy so they are getting back 90% of what their investment was worth at the time of bankruptcy. If they had 1 bitcoin, and bitcoin has doubled, they might get almost a half bitcoin back, which is a loss of 50% in many people's eyes ...

 

That was going to basically what I was thinking. I doubt that any of the sentences will run consecutively.

 

25 years

https://www.washingtonpost.com/business/2024/03/28/sam-bankman-fried-sentence-fraud-ftx-crypto/

 

He got off light. He and pharma bro should be cell mates.

 

It’s a combination of both with a split hair difference between them

 

Doc wins this one

 

Pharma bro was already released from Club Fed.

 

Dude will be out in 12 years. He will be 44.

 

Current asset to debt ratio?

 

Creditors are going to be bailed out by current crypto pricing.

FTX customers in line for higher payouts as crypto prices soar

“FTX is on track to repay its customers up to two-fifths more than the initial value of their claims as administrators for the collapsed exchange capitalise on surging prices of cryptocurrency and artificial intelligence assets. Customers are likely to be repaid as much as 120-140 per cent of what their assets were worth on the day of FTX’s bankruptcy, according to two people with knowledge of the restructuring negotiations, owing to the rising value of assets such as bitcoin and its stake in AI start-up Anthropic.”