Why does it feel he'll be heading to a low security prison with access to a laptop with LOL installed

@carlmcgregor2707

2 ай бұрын

He should be sent to proper prison... not the Martha Stewart style country club prison.

@humbleindian6303

2 ай бұрын

the whole concept of crypto currency is fraud

25 is far too short for the number of people impacted.

@urimtefiki226

2 ай бұрын

There must be a group of bullshiters working together, you are right.

@jfern6673

2 ай бұрын

what are you talking about? they retrieved 100% of the funds.. investors in ftx token are not included..

@Eric-lx8hp

2 ай бұрын

He'll get less than that for good behaviour

@pascalbertaud927

2 ай бұрын

What do you mean by they "retrieved a 100% of the funds"? @@jfern6673 Surely that changes the complexion of things somewhat?

@ArchesBro

2 ай бұрын

OP is right, SBF stole an incredible amount of money, it is very shocking they wouldn't give him even 50 years. Lets say he stole a billion dollars, that is many lifetimes worth of wages for the average person. Oh well, his parents can keep their massive home they got from fraud

Too short. Bet he will be out in 10.

@geoms6263

2 ай бұрын

5

@bbustin1747

2 ай бұрын

Federal time in prison is usually pretty lengthy with minimal time off for good behavior. State is usually much shorter. The FEDs don’t play , they make examples of you. He still skated on the original sentence. Treated better because his parents were connected at a prestigious Stanford and politically connected

@user-cb4ee8tj6v

2 ай бұрын

@@bbustin1747 "SBF may serve as little as 12.5 years, if he gets all of the jailhouse credit available to him," Mitchell Epner, a former federal prosecutor, told CNN.

@bbustin1747

2 ай бұрын

d @@user-cb4ee8tj6v He is going to serve nearly the entire amount of the time. The FED prosecutor will make sure of it. He was and has made a mockery of the process with his antics during the trial. Once thing you don’t want to do is pias them off in a highly publicized trail. he will serve nearly all of it.

@bbustin1747

2 ай бұрын

@@user-cb4ee8tj6v DW censors comments, but my answer is still the same , the FEDs don’t like those they prosecute to make a mockery of those they bring to trial and convict.

Should have got 50 years. That would make these frauds think twice. When he comes out he will still have all the ill gotten money he gave to his parents as well

@humbleindian6303

2 ай бұрын

the whole concept of crypto currency is fraud

That's it?

@humbleindian6303

2 ай бұрын

the whole concept of crypto currency is fraud

Ya think billions is a simple mistake 🤣 I missed a credit payment I’m screwed

Should had gotten over 50 years without parole. Also the parents should be charged as well.

25 years means he can get out after 12.5. Considering the scale of the fraud, and his complete lack of remorse, it seems light.

@user-uf8nb1vc1o

2 ай бұрын

That’s not what happens in the federal system. He will basically have to serve 85% of his sentence. There are some other ways to lessen a sentence such as participation in a drug program.

@humbleindian6303

2 ай бұрын

the whole concept of crypto currency is fraud

@kgrach

2 ай бұрын

The minimum sentence he will have to serve is 21 years. It's a federal Prison. people don't talk out of your @ss

@sdaiwepm

2 ай бұрын

@@kgrach you’re wrong. There are other ways to reduce one’s sentence. This has been widely reported. Google it.

I was sceptical how such a young person as White could possibly be seen as an expert commentator by DW. Surprisingly accomplished.

He is not Fried, he is Fryed. This is what happens when you let kids play with your money.

@dee420lee

Ай бұрын

It is still spell FRIED, No such word as fryed anywhere in the English language.

He didn't actually steel the funds, he illegitimately malinvested them. One is called a "rug pull" the other is called being a reckless 22 year old billionaire... Annnd the world is not a better place because this kid has to sit in a cell for 25 years, the world needs prison reform.

Ohhhh! why didn't anyone tell me that i could just steal everyone's money when i'm young, do 25 years in prison, and be rich when i get out?!?!?!??!?

@asldn9647

2 ай бұрын

not worth it lol

@prettypuff1

Ай бұрын

You’d be out in 10 years; think of the interest you’d accrue

And those responsible for the financial crisis of 2008, what punishments did they receive?🤔

@kimpedersen4746

2 ай бұрын

they got job in the obama administration .. sad but true (

@geoms6263

2 ай бұрын

trillions of dollars were lost and the world is still paying for the greed and stupidity of others. ...

@MudThought

2 ай бұрын

@@kimpedersen4746 not just obama but also republicans. both side .... you know it

@lowwastehighmelanin

2 ай бұрын

New C-suite jobs largely.

@humbleindian6303

2 ай бұрын

the whole concept of crypto currency is fraud

One glance at this guy and all I see is sleazy con artist. How did he fool so many people?

@justsomeone953

2 ай бұрын

looks so nerdy and his story was nice + crypto == huge gains is believable

its funny how.... if FTX was just a ..... bank....... there would b no problem here 🤣

Only 25? And doesn't have to pay back the billions ? 😂

@Sophistranxxx

2 ай бұрын

I'll go to jail for that much money 😂😂

@sparks1792

2 ай бұрын

I mean how would he.

@user-cb4ee8tj6v

2 ай бұрын

"SBF may serve as little as 12.5 years, if he gets all of the jailhouse credit available to him," Mitchell Epner, a former federal prosecutor, told CNN.

@nh6central

2 ай бұрын

He's ordered to pay $US11B. But I don't think that's going to happen.

@MudThought

2 ай бұрын

@@geoms6263 because there are a lot of people involved, systemic fault. different case

he won't live without Internet access

He's not handcuffed in any appearance. Quite surprice.

Only 25yrs of jail (may even get earlier with good behaviour)? Imagine the number of lives that he had destroyed especially those retirees who need money to live. This is American Justice?

@TesterAnimal1

2 ай бұрын

He defrauded the greedy. Crypto is STILL a ponzi scheme. If you make money out of it, it’s all good. If not, send somebody to jail. Honest capitalism innit.

@manekedark

2 ай бұрын

Don't worry rich people were not scammed only poor people were scammed.

@justsomeone953

2 ай бұрын

@@manekedark not true ... rich got involved too

16 billion / 25 years... that's a great return.

make it 250 years

02:17 We keep hearing about "the deterrent effect" or "the message it sends to others thinking about committing similar crimes. I do not think that that this should ever be a reason for an individual person's prison sentence. A sentence should regard all the aspects of the criminal and the crime, period.

He bought gold and diamonds, then buried it for his release date.

@humbleindian6303

2 ай бұрын

the whole concept of crypto currency is fraud

@justsomeone953

2 ай бұрын

no, only crypto :D

@bbustin1747

2 ай бұрын

@@justsomeone953 Crypto could be extinct way before his term is up. You know what happens with tech …..

Notice that he was stealing real money 😂

federal prison, aka cushiest retirement home ever. theres no justice in america

@justsomeone953

2 ай бұрын

"retirement home"? Are you serious?

"SBF may serve as little as 12.5 years, if he gets all of the jailhouse credit available to him," Mitchell Epner, a former federal prosecutor, told CNN.

@bbustin1747

2 ай бұрын

but he is going to definitely lose his virginity 😂

@user-cb4ee8tj6v

2 ай бұрын

@@bbustin1747 Judge Lewis Kaplan said he would recommend to the Bureau of Prisons that Bankman-Fried be placed in a medium-security facility

"SAM THE 'BANKMAN REALLY FRIED' YOU GOOD AND PROPER"😂😢😅😮

That happens if you steal enough money to disappear to a quiet life in total luxury for generations in some place without extradition. And then you leave out the part of actually running.

What about the politicians????!

He will quietly be let out way before he does 25 years 😂

Here's a Netflix series idea: some of defrauded investors commit crimes to get into the prison where Sam is placed.. chaos ensues.

@humbleindian6303

2 ай бұрын

the whole concept of crypto currency is fraud

@justsomeone953

2 ай бұрын

every week a different investor xD

Sharp analysis and commentary from Molly White. Well researched.

What would happen to politicians then??

Where's TSM?

If their is no law that States a financial institution give you your money back they don't have to. Banks only do it because of state regulations.

Great to see Molly on DW!

Why are so many people so very angry? Remember your mum's advice. If it sounds too good to be true, it probably is.

Ohhh nooo! A rich person finally got what was coming to them! HOW WILL THE WORLD SURVIVE?! !

he has a typical last name, which is a red flag in itself

@user-cb4ee8tj6v

2 ай бұрын

Judge Lewis Kaplan said he would recommend to the Bureau of Prisons that Bankman-Fried be placed in a medium-security facility

Why do you keep clicking your pen while the guest is speaking??

@BrentGoffReports

2 ай бұрын

I possess no pen that clicks.

Not bad, even if he managed to squirrel away a few million dollars in crypto he will still be a very rich man by the time he leaves prison in 12 or so years after being let out for good behaviour. This won't be much of a deterrent as it only teaches future conmen to make sure they hide their assets better.

@justsomeone953

2 ай бұрын

12 years will change him a lot .... he will be a very different person.

How did he think no one would notice?

@justsomeone953

2 ай бұрын

It was possible. If BTC and crypto would have been rising ...no problem. FTX is close to pay all the investors back right now because of a "good market". In money of course, not in crypto.

What a joke . Stop others Doing the same ? It only inspires them !

Keep him in there. No release, until hes done his time.

They figured 25 years will be enough for everyone to forget.. which it is.

Such a joke. The judge was on the take. How crazy. No time for the folks who make payouts.

SBF has shown it's possible to defraud and get away with it. I'm sure he'll be back to doing what he does best . So much for justice.

Imaginary money backed by nothing but fresh air and wishful thinking. What could possibly go wrong?.

@justsomeone953

2 ай бұрын

There is crypto currency out there which is at least limited ... you can not say that about so many fiat currencies like the US Dollar.

Oooh, few years ago all western media were welcoming him as the young entrepreneur, what went wrong in their judgment?

Crypto and Bitcoin are very different. Crypto is the wild west. Bitcoin isn't. People just need to do some research before throwing their life savings in.

4:37 her smile

He deserves more than 25 years -this will halves as he serves the sentence. Nonsense sentence.

Congratulations, I just unsubscribed.

@justsomeone953

2 ай бұрын

5.08M subscribers lol

Follow him when he is out of jail too. Do not let him use his hidden money

No, this expert doesn't know much. BTC has a four year cycle because of the halving. Not AI.

He just stole from the wrong people . And did not make enough for the Right ones .

This is the sort of headline I want to just wake up to one day for Trump. Tired of all the stringing along..

@andrewthomas695

2 ай бұрын

Sadly, many Americans see corruption as a virtue. If he becomes president again, he may pardon himself and he may even make himself president for life. He has enough supporters to do the former, and maybe enough to do the latter. This is because Trump is merely the manifestation of modern Americans.

Should have gotten Madoff-time.

molly white is so naturally cute, imagine her dressed up with make-up etc.

hes gonna be like 55 when he gets out

He'll be out in 10. But, someone already has a price on SBF's head...so, he should for his own safety, remain in prison. imo.

10 years in a very comfortable prison with tv and a PS5. And then released for good behaviour.

@jawlinejawlinejawline

2 ай бұрын

Would you do 10 years in prison ?

@IrrationalCharm

2 ай бұрын

@@jawlinejawlinejawline for stealing hundreds of millions? Sure why not

25.. means he will only have to serve 15... guessing he will be out in 10

Meanwhile, Gold speaks the truth at its all time high😂 , and central banks are buying at historic levels.

I mean, isn't this what regular banks do too? They use your money to invest....

@brandondegraaf

2 ай бұрын

If your bank manager straight up spends your life savings into Super Bowl ads, celebrity endorsements, sports teams, $100 mil bribe to the Chinese government, political donations, luxury sport cars, private jets, and real-estate for themselves and their parents then you need to switch banks. I'm only scratching the surface, the full story is farcical.

A man with hair like his will have no problems in federal prison. I'm sure he'll fit in with the convict gambling scene.

well we all know he's not gonna be in there for 25 years, wait till the heat dies down😅

I hope there will be no such thing as a legal system👿

That’s just insulting… obviously he paid off the right people.

This is NOT the fault of Crypto!!! Who is this so called expert? Many countries in the EU have regulations now. And in a couple of month the EU has regulations as well. And that all are Republicans etc. Is a stereotype. This was years ago. Does she know that the US is not the world?

I have no sympathy, my brother lost 200 Thousand dollars on cryptocurrency !!!! What a big con.

Так это не Марк Фейгин в молодости?

DYOR

So this guy got his 25years of prison for fraud quickly and trump is still out there? Double standards at its best

He made plenty of friends, I’m sure he’ll get out early sadly

Oh dear, what a shame, never mind.

It’s too late to realize that was a bad decision. By the way, who is Molly White? She is good-looking, tho

Alex Ritcher of ANTARES trade is living free.People lost so much money and he is living a freeman. I hope the law catches up with him.

Probably less than a day per person defrauded.

How is Bernie Madoff sentence running so far???

@manekedark

2 ай бұрын

He is in jail because he scam rich people, however SBF scam only poor people so he will be free soon.

Should be for life, but that's probably reserved for dissidents and whistle blowers

Same bankmann fraud

20 years incarceration in exchange to be a billionaire...worth every penny, many hv to slog a perhaps a hundred lifetime lifetime to be a billionaire!!

Laydy can't use crypto and is afraid of loosing her job to AI. She is missing out on everything and thats why she is talking so negativly about this two topics

Simply not long enough

Do the parents get to pay back those houses and other goodies they got out of their kid's big scam?

I guess he 's ..Fried .

What did you expect ? Just billions of teenagers- neckbeards sitting there, mining "crypto currency" with electricity and their expensive graphic cards. And we are to "not buy manual stick shifts". HAHAHAHA

Seriously ! Bankman-F.R.I.E.D. (...). Everything was in his name from the beginning.

So you have been called a straw man that we can bring on to do a 5 minute argument against a thing that we don't really understand. The real questions are scary and take about 5 hours of peoples time to understand but we don't want that.

The media was promoted him and they could all go to jail

Not long enough

Crypto-justice?

Political connections, should be 4-7 then.

Sam you are very unlucky .. imagine if you were Indian and living in India.....you would have allowed to do anything, nothing would have happened to you.

I want the movie to be very well done. SBF should be played by Nicholas Cage.

Not worth watching. First 1.5 minutes its news. Then some hobby dobby girl gets in the picture and finishes the rest of the 15 minutes with a lot of bla bla bla ,

Good. Let's hope he makes some "friends" in prison.

Crypto King is going for the crown of Crypto Queen. 😂

WOW the judge is getting away with being anti-Semitic.