He could face decades in prison.
  • ShittyBeatlesFCPres@lemmy.worldEnglish
    432·
    2 years ago

    I would simply have not given real money to some company in the Bahamas in exchange for a token and a promise the token would be good for more money later. But I’m street smart like that.

    • ours@lemmy.worldEnglish
      204·
      2 years ago

      They didn’t make their own crypto coin.

      I remember finding them in a list where they offered something like 8% interest if you deposited your bitcoins with them which was still fishy as hell. It looked like a sweet deal but I wondered how they managed to do that sustainably. I guess the answer was “they didn’t”.

      • Raiderkev@lemmy.worldEnglish
        27·
        2 years ago

        I think you’re thinking about Celsius. SBF absolutely had his own coin, and it is tantamount to the whole FTX collapse. Their competitor owned a shit load of it, it was called FTT iirc. He then just decided to tweet out that they were selling all their FTT, and then everyone started selling FTT which started a run on the token.

        The company also pumped FTT and other tokens value through their hedge fund Alameda research. The man deserves every last day of sentencing.

        • ours@lemmy.worldEnglish
          7·
          2 years ago

          I think you’re right. I must be mixing up all these crypto-based scams.

          • Raiderkev@lemmy.worldEnglish
            3·
            2 years ago

            It’s almost like crypto itself is one giant Ponzi scheme?! Forget I said that. It’s tHe FutUrE

          • Raiderkev@lemmy.worldEnglish
            2·
            2 years ago

            Also, be glad you didn’t put money in Celsius. I have a friend that did for the interest that they were offering. It worked… Til it didn’t. He lost $50k.

  • MisterChief@lemmy.worldEnglish
    272·
    2 years ago

    “Originally placed under house arrest, he was sent to jail in August for violations of his bail conditions, including using a VPN to watch a football game and leaking the diary entries of his ex-girlfriend”

    Ok I get the diary, that’s shitty…but using a VPN to watch football? That’s a normal Saturday afternoon.

    • Tar_Alcaran@sh.itjust.worksEnglish
      16·
      2 years ago

      When you’ve got bail conditions on the order of roughly a lifetime’s income riding on not using a VPN, I think you can skip football for a while.

  • podperson@lemm.eeEnglish
    284·
    2 years ago

    Try to incite an insurrection and steal an election: you’ll walk away with no consequences.

    Steal money from the rich: you will burn.

    • waz@lemmy.worldEnglish
      8·
      2 years ago

      While reading your comment I somehow managed to overlook the emojis initially and I just pictured you running outside with a bubble wand and a container of soapy water to celebrate.

  • flop_leash_973@lemmy.worldEnglish
    111·
    2 years ago

    It really is a mind fuck that I could walk out into the middle of the street in broad daylight in full view of 100 people, shoot someone in the head at point blank range, killing them and still end up with less time than this guy will most likely get so long as the person I murdered wasn’t well to do financially.

    • isles@lemmy.worldEnglish
      2·
      2 years ago

      A lot of people are using the cheat code of being a cop and then doing 0 time.

  • afraid_of_zombies@lemmy.worldEnglish
    4·
    2 years ago

    Should have stolen from poor people and gotten involved with the big banks instead of going against them. Be a free man with a golden parachute today if he had.