Even so, SBF couldn’t place a wad of cash in the hands of some fisherman for a midnight trip?
Ofcourse, it’s a different story if he didn’t have any cash on hand… which wouldn’t really surprise me either. Digital currency is the future after all!
Also, if Tether goes it will be a glorious mushroom cloud.
Probably because ‘lying to Congress’ is a trivial crime compared to what they already have enough to charge him on.
I’ve seen other conspiracy nuts opining that he has been charged in order to save him from incriminating himself in front of Congress. Like the deep state is saving him by charging him. So I guess he was both going to lie to avoid incriminating himself and also tell the truth and incriminate himself. It’s absurdism either way.
The real question is if he’s going to squeal on others to get a reduced sentence! I agree with the small change of lying to congress. I just don’t understand why they couldn’t wait 12 hours.
What difference does it make? They obviously have enough to charge and extradite him, and the Bahamas is a place that is relatively easy to flee from. Especially when he almost certainly has access to piles of cash.
What difference does it make to wait 12 hours? Honestly, the only reason this came to my attention was an attorney friend of mine was confused about the decision. Maybe he’s an idiot — I dunno.
Because he might have vanished? It’s the Bahamas. You step onto a boat from any beach and you’re gone.
There’s a whole ‘federal authorities are stupid or crooked’ thing running through all the talk on social media today. I don’t get it, and I think we should consider that they know what they’re doing.
With the speed of this going far faster than anyone predicted, I’d say you’re right.
The whole thing is predicated on SBF a) showing up (virtually), b) lying, c) not separately lying to investigators, d) not being convicted of vastly more serious crimes, which probably would be necessary for the rest of it to matter at all. It just seems weird to me. There is no universe in which him lying to Congress makes a meaningful difference to the outcome. He has already confessed to multiple counts of fraud, even if he claims he didn’t mean to. Whether or not he goes on to repeat that confession to Congress is neither here nor there.
jsnell
4364
You get the little fish to roll on the big fish, not the other way around. Is there some reason to believe SBF wasn’t actually running the show?
There have been rumblings related to the group chat he was supposedly in with the other largest leaders in cryptocurrency. It’s all just talk until we see more.
I mean, we’ve already witnessed an ugly meltdown (several!), but, yeah, that would definitely be big.
I’m holding out for Tether too!
Speaking of, the latest Odd Lots was all about Tether and the weirdness of its resilience in the face of the cryptocalypse and its own shadiness.
https://www.bloomberg.com/news/articles/2022-12-12/this-is-what-we-know-about-how-tether-works?srnd=oddlots-podcast
slips into tin-foil onesie
An SEC civil complaint against SBF just dropped:
This doesn’t look like a criminal case, so we are still waiting for an indictment from DOJ.
No, he’s been indicted as well. Wire fraud, securities fraud, commodities fraud, money laundering, campaign finance violations.
This link may work if not registered:
Used to work in law enforcement so as soon as you’re ready to present papers to the territory with an extradition treaty which the suspect is in, you really should just go get him.
You really don’t want to wish you hadn’t waited if he skips.
Meanwhile, FTX’s new CEO John Ray did testify, and had more to say about the clusterfuck that was FTX’s corporate governance.
I particularly liked this one:
