What? Nothing on the arrest of SBF? The silence is deafening!

https://www.reuters.com/world/us/former-ftx-ceo-bankman-fried-arrested-bahamas-official-2022-12-12/

Personally, I hope they throw the proverbial book at this guy.

I was wondering why they were arresting a small block Ford.

I'm still wondering why just him so far, giving the others time to plan/run/hide. 

The US trying to recover the money that the Bahaman government seized, after everything was supposed to be frozen, is going to be an interesting fight to watch too.

93EXCivic said:

I was wondering why they were arresting a small block Ford.

Thank you. No offense to the OP, but the way people throw around acronyms like everyone is supposed to know what the hell they mean these days gets pretty annoying. This is a berkeleying car board. "SBF" means "small block Ford". Period.

/rant

In reply to Tom_Spangler (Forum Supporter) :

Sounds like somebody needs a Snickers.

There was a lot of money going to a lot of powerful people. Is it macabre to take bets on if this guy gets Epstein'd?

Tom_Spangler (Forum Supporter) said:

93EXCivic said:

I was wondering why they were arresting a small block Ford.

Thank you. No offense to the OP, but the way people throw around acronyms like everyone is supposed to know what the hell they mean these days gets pretty annoying. This is a berkeleying car board. "SBF" means "small block Ford". Period.

/rant

I totally hear you.  When I first heard about this guy on the news, I was like "who or what the heck is SBF?"  But this is the way the cool kids refer to him.  And I am nothing if not cool.  And hip.  And a groovy daddio.

Driven5 said:

In reply to Tom_Spangler (Forum Supporter) :

Sounds like somebody needs a Snickers.

Well NOW I do! 

In reply to Tom_Spangler (Forum Supporter) :

TLDR but FWIW, SBF is a POS and hopefully GMTA here.  Anyway, TTYL 

But it wasn't INTENTIONAL fraud. Lol

1988RedT2 said:

Personally, I hope they throw the proverbial book at this guy.

They will, he stole from rich people. Think Bernie Madoff rather than Scott Tucker.

Uber-hype crypto-bro was running an illegal scheme defrauding people?!?

barefootcyborg5000 said:

There was a lot of money going to a lot of powerful people. Is it macabre to take bets on if this guy gets Epstein'd?

Unlike my Christmas lights, this guys definitely gonna hang himself.

ShawnG said:

But it wasn't INTENTIONAL fraud. Lol

 

The old I forgot armed robbery as illegal defense.

Idiot keeps talking to the press, making his attorneys job almost impossible so now his farts are not going to make a sound for the rest of his life. 

Who cares? Play stupid games win stupid prizes for both sides.  Does not affect my life.

It would appear that the plaintiffs in this situation are all bazillionaires who knew this was a scam and wanted in.  My bucket of berkeleys is empty for these individuals.

Should know by now the only people allowed to pull money out of thin air are the central banks. 

Good distraction from giving away the berkeleying Lord of War for a nobody though.

But... Brady and Gisele said it was the thing to do:

You guys just lack bravery

Any time they can't answer the simple question: "where did the money come from?" It's a red flag.

This is a Google Maps photo of the bank that SBF, the Gemini guys and the Deltec guys bought.

I'm all for gender and orientation fluidity and all that. Doesn't bother me at all. But the arrest of all the Straight Best Friends is proof it has gone too far. 

In reply to aircooled :

Anyone who makes investments based on what movie stars or athletes say will be separated from their money quickly.

There's a thing called due diligence and even a Canadian teachers pension fund neglected to do it before investing with TFX.

In reply to aircooled :

Odd, celebrity endorsements, second biggest single donor to *radacted*, and the timing certainly doesn't seem suspicious. 
I gotta check out before I get patio'd 

barefootcyborg5000 said:

In reply to aircooled :

Odd, celebrity endorsements, second biggest single donor to *radacted*, and the timing certainly doesn't seem suspicious. 
I gotta check out before I get patio'd 

His story is incredibly interesting to me. I just don't get it. He's donated mostly to a certain genre of politicians, but also said he donated to the other genre through dark money channels. Why would he do that? Or, why would he say that if he didn't do it?

He also was extremely supportive of various charities and said that his pursuit of high income was to give... But he later said it was just for the public perception of him. Which raises the question... Do I care why he is donating to these beneficial causes, or do I care that he is donating a large amount? 

Then from the banking/risk/fraud side of everything, it baffles me that people could believe anything about crypto being legitimate. This guy created insane wealth out of nothing, and had it disappear overnight. That doesn't make sense, and it should create skepticism for the rest of the industry. 

I'm also baffled with why he did all this in the first place. He's obviously incredibly intelligent, and having been raised by two Stanford Law professors we can assume that he was well off before embarking on his Wall Street career (prior to the bitcoin stuff), and we can assume that the "I didn't realize it was illegal" statements are complete BS. 

It really seems like he got in over his head and then just made bad decision after bad decision... I hope he gets the book thrown at him. Which is a shame, because it seems like he could have provided a lot of good for society. Instead he got caught up in the greed. 

What? Nothing on the arrest of SBF? The silence is deafening!

Nothing posted, because no one really cares.  How many people here lost money because of it? No one? OK, moving along...

I believe the movie is already in the planning.  It could be a very Wolf of Wallstreet wild ride kind of thing if done right.

Josh Gad seems like a an obvious choice for a lead:

TFX to me always meant this turd: