I'd like to give a big shoutout and thanks to Sam Enzer and Rich Cooper. Regular expert - Mr. Enzer, deserves special recognition for explaining courtroom practices and laws in an accessible way, which is especially important for someone like me, for who English is a second language.
SBF is a schemer from the get-go. He has had plenty of time to hide that stolen money. And just think of all of that money that he "gave" to his family; parents and brother.@@MakerInMotion
It is actually relevant to the charges because it demonstrates that the situation wasn't one of "billions in stolen money" never to be seen again, and the horrors that implies, it was a situation of the money being there but not immediately available. This speaks powerfully to the actual mindset and intentions of the defendent, upon which the charges are based. If the money was there, it was just not available, that means it was not stolen and gone as the both the media and prosecution narrative would have you believe. The chances of Sam having been acting within the law, or even in good faith, increase significantly. An exchange is allowed to take action on customer funds if it's in the best interest of the customer. Some of those things include: Trading on behalf of customer, lending to other customers or institutions, and using funds to pay for it's own expenses. This is why Sam has been insisting his innocence, because there's actually a pretty high chance that he thought he was allowed to do what he was doing. @@MakerInMotion
Thanks Laura, it's really good to listen to Sam's and Rich commentary. It has been great listening to the interviews with Sam Enzer explain how the law works. I really hope he comes back on as he has a wealth of information.
Hello! Thank you so much for your consistent awesome coverage of SBF's Trial. Really enjoyed your guest lawyers, especially Sam Enzer who is brilliant & knows the N.Y. Laws so well it made the trial much easier to understand. Looking forward to your future coverage of the March Trial. Take it easy! 😊
Sam needs to go away for the max - 115 years. The crime he commited, the amount of people he affected and the fact that he lied and did not take any accountability is why any other sentence is unacceptable. Also, lock up his parents now!
Just an excellent excellent overview of the last part of this trial. Thanks for providing this contextualization of what happened in the court. Sam and Rich are impressive guests.
I FOR ONE WOULD LIKE TO SEE A 2ND TRIAL! NOT TO PILE ON SAM, BUT TO PUT ON THE RECORD, WHICH GOVERNMENT OFFICIALS TOOK BRIBES/CAMPAIGN DONATIONS.... WE HAVE THE RIGHT TO KNOW WHERE THE MONEY WENT!!!!!!!
Taking campaign donations isn't illegal lol, republicans got the Supreme Court to take make it easier for corporations to even do it. But I would like to know where all his "dark" money went and other ways he funnelled money because all these rich people are doing it and we need to find ways to stop it and penalize/imprison all of them. So I'm more interested in the HOW, so we can find others doing it...not to whom it went. Who cares...it went to people he thinks would be friendly to his version of crypto bullshit or to people he thinks would make him look good for donating, which is why people donate!
I take exception to the statement that Samuel Bankman Fried didn't use the money for his own use. There are multiple examples where that was clearly not the case: purchased an expensive townhome in D.C. for his family to do lobbying, gave his parents a $10M gift and a $13M mansion by the ocean in Bahamas (this would qualify as "for his own use" so to speak), paid his family large amounts of money both in terms of pay for work, but also as part of "donations to charity" (his brother - was he at the trial? - was a notable beneficiary of his largess), and the kicker: his claim that the $450M in Robin Hood shares were his own private property. That's easily half a billion in assets/family largess right there.
This was a riveting and thorough conversation. Loved this trio. More of this please. Im learning lots and finding clarity in our legal system's process. Thanks!
Laura made a underdiscussed point about Ellison's very emotional evidence some relating to her treatment in the romantic relationship with SBF and dealing with the power differential resonating with a two thirds female jury,
I think every American should go to court and watch a criminal trial from beginning to end. It would really change people's view of the justice system. Although this case was pretty open shut after watching a trial I was pretty surprised that anybody can get convicted . It makes you understand why so many prosecutors do plea deals.
The super terrible idea for SBF was to do his 'talk show circuit' after the collapse. He clearly wasn't listening to anyone. I can't believe his parents, lawyers themselves, did not tell him to stop talking and just wait.
Oh they did. Sam just thought he knew better and that their viewpoints were too narrow. He truly believed those interviews would save him in the public eye.
1:02:12 "All the losses didn't go into SBF pocket" but they did go into his family (parents,bro) pockets and we don't know which other stashes (real estate or liquid cash) SBF has put aside where and when (especially during the last days.)
The recent Federal Reserve meeting has been viewed as a positive step forward for the cryptocurrency industry. The meeting saw the Fed commit to continuing its quantitative easing policy and creating new digital assets, both of which could have a significant impact on the rise of cryptocurrency. The quantitative easing policy is intended to increase the supply of US dollars while keeping the economy stable. This indicates that the US government is taking a proactive approach to the growth of the crypto industry. The Fed's remarks have instilled new levels of confidence in the industry, resulting in increased demand for cryptocurrencies and market buoyancy. As a result, now is an excellent time to start trading and building your portfolio in order to start accumulating even more. Paige Hermosa does an excellent job of staying ahead of the market; in three weeks of trading with her strategy, I have amassed 31btc. She is without a doubt one of the best out there.
The market is growing daily with new strategies and trading opportunities. Financial empowerment is our everyday chase and Mrs Hermosa has proven to be a part of this mission. her strategy is the very best .
My increasing fascination with crypto led me on a journey of discovery until I encountered Paige. Without exaggerating, she's truly the best. No empty hype, just genuine motivation to engage in crypto trading!
It's remarkable to have faith in someone who can consistently deliver profits under any circumstances, and they never disappoint. I trust Paige Hermosa implicitly, and since trading with her, it's been nothing but victories.
It’s precisely at times like these that investors need to be on guard against the next certainty. You don’t have to act on every forecast, hence i will suggest you get yourself a financial-advisor that can provide you with entry and exit points on the shares/ETF you focus on.
I disagree with the guests about a "public interest" in not having a trial on the bribery and campaign donations. The public has a right to this information.
What a waste of tax money to go interview SBFs friends, family and school teachers…it’s not relevant to what he has been found guilty of, the facts are the facts. Same with someone who was found guilty of murder. Follow the law as written for x crime! Lighter sentences seems to be the flavor of the day…then early release! Geeesh….
Interesting what they have said about the sentencing report. I am wondering if Trump is ever convicted of a crime, what sort of sentencing report would come out with regard to his past history, character, etc.
Give him 80 years. Why are these guys being so nice about it? He did something really terrible. Stop falling for the youthful behavior. He’s a grown man.
What about the 10 billion that allegedly, lol disappeared into thin air ? Do the victims get their hard earned $$ back? This guy theoretically gets a 20 year plus sentence and walks out of court years later worth billions ?
Thanks Laura, Sam, Rich, great show. I think he might get 20 but pardoned by prez. Sam and fam will always be looking over shoulder for that guy who lost it all and has nothing more to lose. So it is a life sentence!
The "false exculpatory" statements by SBF made the element proving criminal attempt to defeaud so confusing to me. Until Sam Enzer clarified that it is a false attempt to exculpate himself, I was just satisfied that "a reckless disregard for the truth or falsity of a representation" met the criteria for intent.
'i don't recall' doesn't mean im lying. just means im not certain enough to potentially implicate myself. when stakes are high, even slightest details matter and it is extremely difficult to be absolutely sure about slightest details.
It feels much more like lying when he has perfect recall for the questions that make him look good and terrible / no recall of anything that made him look bad.
I have a lot of respect for the legal system, after working for lawyers and in legal education for more than a decade. Let's not lose our shit over it, however. it can't be stated more clearly that the system can function well, but only functions well when the defendant has the monetary resources to face the government in court on equal ground. If SBF had been represented by a Legal Aid attorney, I don't think it would quite as fair.
Bankman-Fried, like Charlie Adelson and a lot of people in his generation, has an alternative reality in his head. They sincerely think that everyone else sees the world like they do and that everyone else believes what they do.
I've listened to half and hour of this video and lets face it, convicting SBF was never going to be difficult given the amount of evidence SBF provided for the prosecution before the trail, your eminent lawyers and their summoning up of the case is very eloquently put but they need to remember that SBF at no time by his council, it would appear, was he told to not give any interviews to the media. This poor judgement lies with SBF's defence and should have been their first request before they defended him.
SBF will not learn .... he didnt follow pretrial restrictions. He will do this again ... he can't help himself. He never learned right and wrong, morally. He devastated how many people? What about them? He needs at least north of 50 years.
SBF didn't really put up much of a defence! And that defence was defeated by his whole personal marketing blitz as a genius and "the next Warren Buffet", which had been going on for years before. He bet that "if I can show them I'm a nice guy they won't convict me" but looked shifty throughout by surreptitiously looking to the jury for a reaction while he was answering questions, which is a huge tell that he was lying. For the last time SBF found himself thinking he was smarter than everyone else in the room, but he just wasn't.
Bankman's lawyers may be 'very good' but they were not good in this trial. Their cross of the key witness was atrocious. I think that things went so badly for Bankman's especially when he was effortlessly crushed in cross examination by the prosecutor, that it could end up working in his favor. While Bankman's testimony was a tissue of untruths he has shown himself to be quite hapless, lacking in real cunning. The judge knows he is not sentencing a master criminal.
I also think he may get 20 years and for him that is a hell of a sentence. For any of us 20 years is a lot of freedom to lose. Worse The additional punishment you will receive from your fellow humans in jail will make it seem longer. Remember just living next to some people can be hell imagine being locked up with them. I am okay with 20 for him if he gets more, okay with that too.
Dumb take, and sometimes it’s okay to put down the tinfoil hat. 1. He stole 8B, who has the balls to cover for him? 2. Bribery only works when you are in power, not when you fall. 3. Case too high profile, imagine the optics. 4. World is a shit place sure, but not EVERYTHING has to be a conspiracy. Wait and see, he will get many decades.
@@TonyEmond when someone gets caught for corruption, to continue to give an air of legitimatcy to things the person still must go through the trial, unless they are powerful and connected enough to get people merc'd. Presidential pardon is routinely used to let their criminal buddies walk. Just look at the majority of presidential pardons granted over the last half century if you doubt this.
As a beautician once told me, "I can only do so much with what you give me". Ok I'm joking about the beautician, but even the best lawyer in the USA couldn't have saved SBF.
I think Lauren Shin is fantastic and she's an experienced professional senior journalist and worked for many years at major news organizations...and it shows in the quality of her reporting, podcasts and her guest speakers. Her professionalism, thoroughness and ability to report and explain and things in an understandable manner is appreciated. She's already inked a deal to write a book with a major publishing house so it's clear she's very capable and great!
Right, but that little "majestic justice system of America" speech was a bit too on the nose xD Looking at American incarceration rate and what a mess the court system actually is, it's a bit too un-selfconscious for a lawyer to look at one publicised trial of a very public figure and decide all it working great;)
Very informative. Appreciate your channel. You give me a great understanding of a complicated issue. I agree, we do have a great Justice system. What worries me is the Biden administration is ripping it apart. How much did he get in contributions from SBF?
What troubles me is how come the prosecution worked so hard to prevent the defense from saying things that would benefit their case? Wouldn't they want a fair trial? Surely the government should allow the person whose life is on the line to present everything they possibly can that might help their case. And if the prosecution is so confident in his guilt, then they would have the receipts to counter. Handicapping the defense, and doing so from an inherent position of power/authority is an injustice. How is that part of our legal system? Also, it's hard to believe that in a court where the truth and honesty are supposed to be the dominating principles, we have the prosecution tasked with manufacturing the worst possible, yet most convincing, narrative to sell to the jury as the truth, rather than the most accurate one. Both sides should be in pursuit of a truth that can be agreed upon, so that the defendents actions can be assessed by the jury in a fair context. It's hard to believe the defense was prevented from talking about everyone getting their money back, and also about Coindesk ultimately crippling FTX. That's the definition of critical context. In anyone's mind it would affect the perceived guilt of the person. You can't just look at charges in a vacuum, no one does that in real life, no one should do that in a courtroom. Charges are filed based on context and perceived harm, guilt should be evaluated on the same basis. Especially in this case where guilty or not guilty is dependent on the intentions of the defendent. You have someone with plenty of observable footage of himself being honest and well-meaning, and the background to back that up as well as his stated intentions. But then you have a society (which is about as perceptive as roadkill) and a prosecution (experts at making people seem guilty) who both benefit from portraying otherwise.
Some questions everyone has to ask but no one can answer is: "Why would someone who made ~$100m in his first year trading on his own, just prior to FTX, find it necessary to steal money from customers so that he could make VC investments and $400m in charity donations? Why would $8b in customer funds be considered "stolen" if it was all recovered in such a short time from company accounts and investments? How come little or no money had left the FTX/Alameda system into SBF's possession if he was motivated by greed? If FTX made at minimum ~$2b legitimately from transaction fees, etc... doesn't that cover all the property, political donations, and other expenditures? How come every other person charged with fraud in crypto has fled and gone silent, yet Sam stuck around, faced everything, and has been vocally insistant that he wasn't intentionally doing anything illegal, even under oath? Why don't people realize that there can be multiple very different narratives arising from the circumstances and evidence? Why did everyone immediately buy into the "Sam is bad" narrative and give little interest to other interpretations? How come so few people have the courage or objectivity to stand up to popular opinion?
I think we need Sam as a recurring guest, to comment on all the ongoing / upcoming lawsuits 🏁
He’s so sharp and put things nicely in context. Love listening to him in this show.
He's super confident and you can tell it comes from tons of experience. Good communicator.
i´m not disagreeing but tbh i think he has better things to do
Both Sams.
he could do that behind bars, he would be so bored inside
I'd like to give a big shoutout and thanks to Sam Enzer and Rich Cooper. Regular expert - Mr. Enzer, deserves special recognition for explaining courtroom practices and laws in an accessible way, which is especially important for someone like me, for who English is a second language.
They eloquently described how prosecutors paint the defendent in the worst possible light, rather than being concerned with what actually happened.
Glad to have attorneys back on to give their expertise and perspective. Thanks again!
Damn, props to Sam Enzer here. Every sentence he says is so well thought out and easy to digest for people with limited knowledge of legalese.
Yet he talks about arguments as if how well they are crafted is the most important thing, rather than if they are accurate or not.
This was one of the best interviews, well done
A twenty year sentence? That is much too lenient. When he gets out of jail, he can spend all of that hidden money that he stole from so many people.
I would like to think the feds would have found money he hid away. But there was so much and it was so poorly organized he probably could have.
SBF is a schemer from the get-go. He has had plenty of time to hide that stolen money. And just think of all of that money that he "gave" to his family; parents and brother.@@MakerInMotion
You didn't get the memo that everyone is getting their money back? FTX actually had it, it just wasn't liquid at the time.
@@NickKautz Irrelevant to his charges and conviction if its even true. He commited fraud.
It is actually relevant to the charges because it demonstrates that the situation wasn't one of "billions in stolen money" never to be seen again, and the horrors that implies, it was a situation of the money being there but not immediately available. This speaks powerfully to the actual mindset and intentions of the defendent, upon which the charges are based. If the money was there, it was just not available, that means it was not stolen and gone as the both the media and prosecution narrative would have you believe. The chances of Sam having been acting within the law, or even in good faith, increase significantly. An exchange is allowed to take action on customer funds if it's in the best interest of the customer. Some of those things include: Trading on behalf of customer, lending to other customers or institutions, and using funds to pay for it's own expenses. This is why Sam has been insisting his innocence, because there's actually a pretty high chance that he thought he was allowed to do what he was doing. @@MakerInMotion
What a great, informative discussion!! Thank you all!
Thanks Laura, it's really good to listen to Sam's and Rich commentary. It has been great listening to the interviews with Sam Enzer explain how the law works. I really hope he comes back on as he has a wealth of information.
Hello! Thank you so much for your consistent awesome coverage of SBF's Trial. Really enjoyed your guest lawyers, especially Sam Enzer who is brilliant & knows the N.Y. Laws so well it made the trial much easier to understand. Looking forward to your future coverage of the March Trial. Take it easy! 😊
Really appreciate Sam and Rich’s explanations and POVs
Sam needs to go away for the max - 115 years. The crime he commited, the amount of people he affected and the fact that he lied and did not take any accountability is why any other sentence is unacceptable. Also, lock up his parents now!
Go Sanford Law ...after Charles Lieb of Harvard was sentenced for helping China create bioweapons ...all elite universities ARE suspect ...
Agree but that won't happen. I bet thirty years max...
@@swann433 I hear ya buddy
They said they could claw back like 75-80%, that means some fraud lost you 20%, it wasn’t that bad
Take your meds.
Just an excellent excellent overview of the last part of this trial. Thanks for providing this contextualization of what happened in the court. Sam and Rich are impressive guests.
I FOR ONE WOULD LIKE TO SEE A 2ND TRIAL! NOT TO PILE ON SAM, BUT TO PUT ON THE RECORD, WHICH GOVERNMENT OFFICIALS TOOK BRIBES/CAMPAIGN DONATIONS.... WE HAVE THE RIGHT TO KNOW WHERE THE MONEY WENT!!!!!!!
Taking campaign donations isn't illegal lol, republicans got the Supreme Court to take make it easier for corporations to even do it. But I would like to know where all his "dark" money went and other ways he funnelled money because all these rich people are doing it and we need to find ways to stop it and penalize/imprison all of them. So I'm more interested in the HOW, so we can find others doing it...not to whom it went. Who cares...it went to people he thinks would be friendly to his version of crypto bullshit or to people he thinks would make him look good for donating, which is why people donate!
And that is why Sam will only see a few years in prison. Watch.
Yup.
Totally agree…..
Right on!
I could listen to Sam Enzer for hours. Does he have a podcast? Would love to hear his thoughts on non-crypto cases like The Delphi and Moscow Murders.
I take exception to the statement that Samuel Bankman Fried didn't use the money for his own use. There are multiple examples where that was clearly not the case: purchased an expensive townhome in D.C. for his family to do lobbying, gave his parents a $10M gift and a $13M mansion by the ocean in Bahamas (this would qualify as "for his own use" so to speak), paid his family large amounts of money both in terms of pay for work, but also as part of "donations to charity" (his brother - was he at the trial? - was a notable beneficiary of his largess), and the kicker: his claim that the $450M in Robin Hood shares were his own private property. That's easily half a billion in assets/family largess right there.
This was a riveting and thorough conversation. Loved this trio. More of this please. Im learning lots and finding clarity in our legal system's process. Thanks!
Laura made a underdiscussed point about Ellison's very emotional evidence some relating to her treatment in the romantic relationship with SBF and dealing with the power differential resonating with a two thirds female jury,
I think every American should go to court and watch a criminal trial from beginning to end. It would really change people's view of the justice system. Although this case was pretty open shut after watching a trial I was pretty surprised that anybody can get convicted . It makes you understand why so many prosecutors do plea deals.
Another banger of an episode, Laura!
SBF was so happy about giving all his money to the poor that he gave his 35 million dollar mansion in the Bahamas to his parents.
Need the campaign finance trial to know which politicians were complicit here!
The super terrible idea for SBF was to do his 'talk show circuit' after the collapse. He clearly wasn't listening to anyone. I can't believe his parents, lawyers themselves, did not tell him to stop talking and just wait.
Oh they did. Sam just thought he knew better and that their viewpoints were too narrow. He truly believed those interviews would save him in the public eye.
Sam Enzer is great! Please have him on more! Does he have any socials I can follow?
Sam, thank you for joining the show!
1:02:12 "All the losses didn't go into SBF pocket" but they did go into his family (parents,bro) pockets and we don't know which other stashes (real estate or liquid cash) SBF has put aside where and when (especially during the last days.)
Great questions, great answers, great lawyers. Have I forgotten anything? Ah, yes, great moderator.
Excellent recap of the trial. Thank you.🙂
Thank you for providing this interesting and user-friendly discussion! After having zero legal expertise, your comments were truly enlightening
Fantastic discussion, thank you!
I love it . Great content. I can’t wait till the trial comes out on a crime show.
Judge Caplan must also gauge whether a 40-year sentence (say) would have appreciably greater deterrence value than a 20-year sentence (say).
This is terrific stuff, I enjoy listening.
Always the best reporting
Describing the jury as a group of “unprofessionals” is so elitist. An apology is due to the SBF jury, past juries, and futures ones.
Great interview!
The recent Federal Reserve meeting has been viewed as a positive step forward for the cryptocurrency industry. The meeting saw the Fed commit to continuing its quantitative easing policy and creating new digital assets, both of which could have a significant impact on the rise of cryptocurrency. The quantitative easing policy is intended to increase the supply of US dollars while keeping the economy stable. This indicates that the US government is taking a proactive approach to the growth of the crypto industry. The Fed's remarks have instilled new levels of confidence in the industry, resulting in increased demand for cryptocurrencies and market buoyancy. As a result, now is an excellent time to start trading and building your portfolio in order to start accumulating even more. Paige Hermosa does an excellent job of staying ahead of the market; in three weeks of trading with her strategy, I have amassed 31btc. She is without a doubt one of the best out there.
[ Paigehermosa] VlA Te le gr amm..
The market is growing daily with new strategies and trading opportunities. Financial empowerment is our everyday chase and Mrs Hermosa has proven to be a part of this mission. her strategy is the very best .
My increasing fascination with crypto led me on a journey of discovery until I encountered Paige. Without exaggerating, she's truly the best. No empty hype, just genuine motivation to engage in crypto trading!
It's remarkable to have faith in someone who can consistently deliver profits under any circumstances, and they never disappoint. I trust Paige Hermosa implicitly, and since trading with her, it's been nothing but victories.
It’s precisely at times like these that investors need to be on guard against the next certainty. You don’t have to act on every forecast, hence i will suggest you get yourself a financial-advisor that can provide you with entry and exit points on the shares/ETF you focus on.
I disagree with the guests about a "public interest" in not having a trial on the bribery and campaign donations. The public has a right to this information.
I totally agree!!
What a waste of tax money to go interview SBFs friends, family and school teachers…it’s not relevant to what he has been found guilty of, the facts are the facts. Same with someone who was found guilty of murder. Follow the law as written for x crime! Lighter sentences seems to be the flavor of the day…then early release! Geeesh….
How could a statement by a party who testified be hearsay? Anyone?
Hi Laurie, do you mind telling me how long you have worked as a journalist?
Interesting what they have said about the sentencing report. I am wondering if Trump is ever convicted of a crime, what sort of sentencing report would come out with regard to his past history, character, etc.
Yep, the come back from prosecutor about why SBF didn't want any risk officer/manager was savage.
It would have be great , if , when SBF guilty verdict was given ............his parent were arrested at that point .
What's their connection?
Give him 80 years. Why are these guys being so nice about it? He did something really terrible. Stop falling for the youthful behavior. He’s a grown man.
What about the 10 billion that allegedly, lol disappeared into thin air ?
Do the victims get their hard earned $$ back?
This guy theoretically gets a 20 year plus sentence and walks out of court years later worth billions ?
Fuck I wish the trial couldve been recorded
Thanks Laura, Sam, Rich, great show. I think he might get 20 but pardoned by prez. Sam and fam will always be looking over shoulder for that guy who lost it all and has nothing more to lose. So it is a life sentence!
That's one of the reasons there should be a second trial, in case Biden pardons him on his way out of office. That would be quite an outrage.
Biden wouldn’t pardon him.
I have enjoyed learning about crypto and your coverage of the SBF trial. Thank you 🙏🏻
A substantial sentence for BF would do much more than the SEC to protect investors
The "false exculpatory" statements by SBF made the element proving criminal attempt to defeaud so confusing to me. Until Sam Enzer clarified that it is a false attempt to exculpate himself, I was just satisfied that "a reckless disregard for the truth or falsity of a representation" met the criteria for intent.
'i don't recall' doesn't mean im lying. just means im not certain enough to potentially implicate myself. when stakes are high, even slightest details matter and it is extremely difficult to be absolutely sure about slightest details.
It feels much more like lying when he has perfect recall for the questions that make him look good and terrible / no recall of anything that made him look bad.
He didnt take money for his personal use ? lol wtf.
They mean as compared to Bernie Madoff. That was the context they were speaking of.
Sam is a smart individual. He doesnt require a headset to have the interviews.
I have a lot of respect for the legal system, after working for lawyers and in legal education for more than a decade. Let's not lose our shit over it, however. it can't be stated more clearly that the system can function well, but only functions well when the defendant has the monetary resources to face the government in court on equal ground. If SBF had been represented by a Legal Aid attorney, I don't think it would quite as fair.
Why do people on TH-cam slurp from drinks on camera? It’s really naff. Just do without ffs. What’s next….burgers?
Ah yes, we wouldn't want discovery in campaign finance to reach the headlines.
Disagree Rich, SBF used 100% of that money for his personal use man! He was feeding his ego with every dollar. Nice push back Laura!!! ❤❤❤❤
Laura Shin is the best!
Sending someone to prison for life is conditioning them to never be able to be reintroduced to society
No shit, it's for life
Bankman-Fried, like Charlie Adelson and a lot of people in his generation, has an alternative reality in his head. They sincerely think that everyone else sees the world like they do and that everyone else believes what they do.
I've listened to half and hour of this video and lets face it, convicting SBF was never going to be difficult given the amount of evidence SBF provided for the prosecution before the trail, your eminent lawyers and their summoning up of the case is very eloquently put but they need to remember that SBF at no time by his council, it would appear, was he told to not give any interviews to the media. This poor judgement lies with SBF's defence and should have been their first request before they defended him.
He was so arrogant and or ignorant, he thought he wouldn't be arrested I believe.
SBF will not learn .... he didnt follow pretrial restrictions. He will do this again ... he can't help himself. He never learned right and wrong, morally. He devastated how many people? What about them? He needs at least north of 50 years.
SBF didn't really put up much of a defence! And that defence was defeated by his whole personal marketing blitz as a genius and "the next Warren Buffet", which had been going on for years before. He bet that "if I can show them I'm a nice guy they won't convict me" but looked shifty throughout by surreptitiously looking to the jury for a reaction while he was answering questions, which is a huge tell that he was lying. For the last time SBF found himself thinking he was smarter than everyone else in the room, but he just wasn't.
Bankman's lawyers may be 'very good' but they were not good in this trial. Their cross of the key witness was atrocious. I think that things went so badly for Bankman's especially when he was effortlessly crushed in cross examination by the prosecutor, that it could end up working in his favor. While Bankman's testimony was a tissue of untruths he has shown himself to be quite hapless, lacking in real cunning. The judge knows he is not sentencing a master criminal.
I also think he may get 20 years and for him that is a hell of a sentence. For any of us 20 years is a lot of freedom to lose. Worse The additional punishment you will receive from your fellow humans in jail will make it seem longer. Remember just living next to some people can be hell imagine being locked up with them. I am okay with 20 for him if he gets more, okay with that too.
Excellent commentary and great legal insight offered.. Thank you Laura!
I like your content, but hate so many commercials.
I love your hair but I hate your pyjamas .
I wonder what Sam thinks about Bernie Madoff giving talks at TED or Google.
I still think they should not have put him on the stand.
You’re the one that gave him a platform in the first place
His parents are politically connected. He'll get maybe 10 years.
I suspect all of the political donations he made may have been enough to buy himself a pardon.
Dumb take, and sometimes it’s okay to put down the tinfoil hat. 1. He stole 8B, who has the balls to cover for him? 2. Bribery only works when you are in power, not when you fall. 3. Case too high profile, imagine the optics. 4. World is a shit place sure, but not EVERYTHING has to be a conspiracy. Wait and see, he will get many decades.
SBF's hundreds of millions in political donations couldn't save him from the guilty verdict, I doubt they'll help now.
@@TonyEmond when someone gets caught for corruption, to continue to give an air of legitimatcy to things the person still must go through the trial, unless they are powerful and connected enough to get people merc'd. Presidential pardon is routinely used to let their criminal buddies walk. Just look at the majority of presidential pardons granted over the last half century if you doubt this.
Home confinement for 10 years for Sam.
a politicians response i do not remember...
dude, can u change your music, it´s so fucking discount vibe
I disagree, it’s distinct. Would upset me greatly if it ever changed.
For all the millions of dollars SBF’s attorneys cost, it doesn’t seem like you as much bang for your buck at the high end.
As a beautician once told me, "I can only do so much with what you give me". Ok I'm joking about the beautician, but even the best lawyer in the USA couldn't have saved SBF.
37 years..call it
I think 25 years would be fair to the fooled victims who face ruin .😊
54:00 - rich is protecting the democrat politicians that profited big time from sfb. good donkey soldier, rich
Sam did what our banks do on a good day.
But since our govt picks and chooses who gets bailed out and who goes to jail, hes guilty lol.
he will be pardoned on the last day of the presidency
This Laura Shin seems so dishonest and playing to the camera. I'm not impressed with her professionalism or alternatively lack of her professionalism.
I think Lauren Shin is fantastic and she's an experienced professional senior journalist and worked for many years at major news organizations...and it shows in the quality of her reporting, podcasts and her guest speakers. Her professionalism, thoroughness and ability to report and explain and things in an understandable manner is appreciated. She's already inked a deal to write a book with a major publishing house so it's clear she's very capable and great!
Right, but that little "majestic justice system of America" speech was a bit too on the nose xD
Looking at American incarceration rate and what a mess the court system actually is, it's a bit too un-selfconscious for a lawyer to look at one publicised trial of a very public figure and decide all it working great;)
Typo in your video title. I think you mean Scam Bankrupt Fraud.
🎊🎊🎊🎊🎊🎊🎉🎉🎉👍👍👍
The crypto adds are so cringey lol
He willbe out in 5 years with his stashed billions ssdd right kevin
Very informative. Appreciate your channel. You give me a great understanding of a complicated issue. I agree, we do have a great Justice system. What worries me is the Biden administration is ripping it apart. How much did he get in contributions from SBF?
14
You start right off with the photographic memory fallacy. Nope, not watching this BS
What troubles me is how come the prosecution worked so hard to prevent the defense from saying things that would benefit their case? Wouldn't they want a fair trial? Surely the government should allow the person whose life is on the line to present everything they possibly can that might help their case. And if the prosecution is so confident in his guilt, then they would have the receipts to counter. Handicapping the defense, and doing so from an inherent position of power/authority is an injustice. How is that part of our legal system? Also, it's hard to believe that in a court where the truth and honesty are supposed to be the dominating principles, we have the prosecution tasked with manufacturing the worst possible, yet most convincing, narrative to sell to the jury as the truth, rather than the most accurate one. Both sides should be in pursuit of a truth that can be agreed upon, so that the defendents actions can be assessed by the jury in a fair context. It's hard to believe the defense was prevented from talking about everyone getting their money back, and also about Coindesk ultimately crippling FTX. That's the definition of critical context. In anyone's mind it would affect the perceived guilt of the person. You can't just look at charges in a vacuum, no one does that in real life, no one should do that in a courtroom. Charges are filed based on context and perceived harm, guilt should be evaluated on the same basis. Especially in this case where guilty or not guilty is dependent on the intentions of the defendent. You have someone with plenty of observable footage of himself being honest and well-meaning, and the background to back that up as well as his stated intentions. But then you have a society (which is about as perceptive as roadkill) and a prosecution (experts at making people seem guilty) who both benefit from portraying otherwise.
Okay, Barbara.
@@RarebitFiends😂
Feeble minds attack the source instead of the argument.@@RarebitFiends
Some questions everyone has to ask but no one can answer is: "Why would someone who made ~$100m in his first year trading on his own, just prior to FTX, find it necessary to steal money from customers so that he could make VC investments and $400m in charity donations? Why would $8b in customer funds be considered "stolen" if it was all recovered in such a short time from company accounts and investments? How come little or no money had left the FTX/Alameda system into SBF's possession if he was motivated by greed? If FTX made at minimum ~$2b legitimately from transaction fees, etc... doesn't that cover all the property, political donations, and other expenditures? How come every other person charged with fraud in crypto has fled and gone silent, yet Sam stuck around, faced everything, and has been vocally insistant that he wasn't intentionally doing anything illegal, even under oath? Why don't people realize that there can be multiple very different narratives arising from the circumstances and evidence? Why did everyone immediately buy into the "Sam is bad" narrative and give little interest to other interpretations? How come so few people have the courage or objectivity to stand up to popular opinion?
@@NickKautz Happy Thanksgiving Barbara, are you spending it in New York or California?
this lawyer is way too longwinded