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comment by elizabeth
elizabeth  ·  10 days ago  ·  link  ·    ·  parent  ·  post: Sam Bankman-Fried tries to explain himself

I hope so! The dude is loaded with stolen money tho, so he might be able to live out in the Bahamas till he dies or gets murdered. Or maybe even strike a deal by promising to give some of it back? But For sure those idiots deserve prison time and I hope this time consequences catch up to them trust fund babies on meth playing around with capital like it’s the Neopets…





kleinbl00  ·  9 days ago  ·  link  ·  

The US has extradition with the Bahamas.

There were rumors he tried to leg it to Dubai, which does not. But as it is, he - and, in my opinion, everyone who lived in the penthouse - are in a great deal of legal jeopardy.

I don't think he has any to give back, frankly. What he had was a bunch of loans of other peoples' money that he spent on risky bets that didn't pay off. Money's gone, yo. That invites a whole 'nuther level of investigation because if you find it you can make people whole but if you can't? You need to do a whole bunch of pomp and circumstance about how it ain't never comin' back.

The average account balance on FTX was $600k. That's the size balance that gets looked after for a while.