• silent_water [she/her]
    ·
    2 years ago

    I think with a good lawyer + shutting the fuck up, he'd have been fine. but he's so busy cultivating his image that he's literally given the feds direct admissions of fraud. I don't think they're gonna give him a plea deal when he's given the prosecutor a slam dunk case against him.

    • mittens [he/him]
      ·
      2 years ago

      I would rather get arrested than settle scores with the people I laundered money for whose money I just poofed out of existence

      • silent_water [she/her]
        ·
        2 years ago

        yea I have no clue how his kneecaps are still intact while he goes on his "I'm actually just stupid" tour

  • cawsby [he/him]
    ·
    2 years ago

    One of our senior engineers has a kid who is doing time in prison for brandishing a weapon during a street racing event. Police arrested him but dropped the charges as no one wanted to talk.

    Almost a Year Later: Street racing kid posts video of himself brandishing the same weapon at a different street racing event - the DA/police were monitoring his social media the whole time - which leads to people testifying and producing video for the previous brandishing incident.

    That is what this reminds me of. Social media has made self-incrimination easier than ever.

    • Llituro [he/him, they/them]
      ·
      2 years ago

      this reminds me of a time i was driving down a local highway when i got passed by a smoking cop car with the lights off that was being chased by a whole squad of pigs. turned out it was a person that had been arrested and had then stolen the cop car :sicko-pig:. anyway, that was one of my professors daughters, we found out one lecture when he got a call from her from jail.

    • anoncpc [comrade/them]
      ·
      2 years ago

      Like, is there anything gonna come off this though? His parents are lawyer and well connected after all

          • nat_turner_overdrive [he/him]
            ·
            2 years ago

            There were legit finance firms invested, their c suite dipshits have been on the teevee demanding crypto get regulated as a result

      • Shoegazer [he/him]
        ·
        2 years ago

        his parents claim that his legal fees will ruin them, so lmao. hope they don't bail him out

  • InevitableSwing [none/use name]
    ·
    2 years ago

    His December 9th tweet thread...

    1. I still do not have access to much of my data -- professional or personal. So there is a limit to what I will be able to say, and I won't be as helpful as I'd like. But as the committee still thinks it would be useful, I am willing to testify on the 13th.

    2. I will try to be helpful during the hearing, and to shed what light I can on:

    • FTX US's solvency and American customers

    • Pathways that could return value to users internationally

    • What I think led to the crash

    • My own failings

    1. I had thought of myself as a model CEO, who wouldn't become lazy or disconnected. Which made it that much more destructive when I did. I'm sorry. Hopefully people can learn from the difference between who I was and who I could have been.

    Tweet

    • Jew [he/him]
      ·
      2 years ago

      Hopefully people can learn from the difference between who I was and who I could have been.

      Godamnit that line kills me. This is something an anime villain says when they finally do something good. Coming from this fucker it just sounds so ridiculously narcissistic. Too bad he couldnt be the hero he was supposed to be y'all.

      • cawsby [he/him]
        ·
        2 years ago

        He will have plenty of time to meditate on life's existential questions for at least 20+ if the charges hold.

      • mittens [he/him]
        ·
        2 years ago

        i hope they let him change his pfp to the tokyo ghoul kaneki one

  • shiteyes2 [any]
    ·
    2 years ago

    I'm more curious what happens to the guys that chose him to throw under the bus

    • SuperZutsuki [they/them]
      ·
      2 years ago

      Didn't he kinda crawl under there himself while loudly listing all the crimes he committed?

    • silent_water [she/her]
      ·
      2 years ago

      no, he's not the fall guy. the dumbass has been doing a damage control tour for his personal image by portraying himself as a brainless mark that just wasn't paying attention. in the process, journalists have pried answers out of him that constitute an admission to fraud. his whole inner circle is going to jail - the publicly available information incriminates not only him but the whole upper echelons of his trading firm (Alameda). he threw them under the bus for insider trading weeks ago.

  • BadStandupMusk [any]
    ·
    2 years ago

    I was talking with my friend Sam the other day and he was describing this intricate scheme to steal billions and get away with it. I was amazed. I spend all that time making a car and I didn't have to.

  • regul [any]
    ·
    2 years ago

    If the bread and circuses of this dying empire is crypto bros getting arrested it might not be so bad sticking around to the end.