I'm autistic and I'm an accountant. Autism doesn't make you commit glaring financial errors. The opposite, if anything. Unless your special interest is doing crimes.
25 Years in prison is damn good, but I’d be lying if I said I wasn’t hoping for even more. Still a great thing that real punishment is being meted out.
As someone with autism, autism is not an excuse to commit financial fraud and ruin the lives of thousands if not millions Edit: oh damn this blew up uhhh SBF donate 8 billion to the Autism Self Advocacy Network challenge (impossible (he’s in jail))
Yeah it's pretty disgusting to see him and his team try to lean on neurodivergence, that doesn't in any way kill your sense of morality and in my experience if anything you are hyper-vigilant of your impact on others
@@Ross516Kinda dumb thing to say imo...Thats because, you have never had a SINGLE OPPORTUNITY to steal $ 8 billion dollars. Like, you've never even had an opportunity to steal just $ 1 million dollars. I'd bet my ENTIRE left leg with 100% confidence that you'd fully cave in and steal 50$k if you thought you were gonna get away with it. GTFO of here with you're pretending that you wouldn't snag $ 8 billion dollars, if there was somehow an opportunity to do so. Both you AND the o.p are straight-up lying if you're gonna try to claim that you wouldn't.
Can’t recall a single one who did bc of ftx and they’d be quite dumb bc all individuals were able to immediately pull their funds. Ppl like you who say this stuff always have zero involvement with the case. You prolly never have owned crypto, def never used ftx, you just want to voice your radical opinion that you feel so smart saying
@@samuhlm2 That you seriously think you can't feel bad for people hurt by this if you're not personally involved says volumes more about you than anybody else.
That’s terrible if true, and I would never want anyone to do that. Not blaming the victim, but don’t invest what you can’t afford to lose and diversify your portfolio, is the best path to investing. A good rule to follow, but things can still go bad…
i’m autistic and it really disgusts me when people try to use it as a defense, being autistic doesn’t mean you can’t differentiate right from wrong especially when you’re as independent as a self-proclaimed genius like sam obviously is
Don't forget that he claimed to be a fucking _altruist_. How can the same person then claim that they were confused about how their actions impact others?
Yeah I'm also autistic and it's such a what the fuck. Is it a good explanation for why I listened to my favorite album like 100 times last year? Yes. Is it a good explanation for being morally bankrupt as a human being? *Shockingly* no it has fucking nothing to do with that >:(
I saw in an article that Sam Bankman-Fried has apparently figured out that since cigarettes have been banned in jail, the primary currency is apparently salted mackerel.
Arguably it's gonna be most of the best years of his life. Going in in your 20s and coming out in your 50s is rough. It's a pretty severe punishment for a white collar crime. 🤷
Judge kind of split the baby. Prosecutors were asking for 50, probation office was asking for 100, defense lawyers asked for 6.5. 25 is a fair sentence, I don’t think the appeal will work out to lower the sentence. Nice work Judge Kaplan
@@TheOrionStar Because if the creditors don’t get their money back, the court has less reason to be lenient with him. Also because public pressure on the appeals judge will grow. I think best-case scenario the appeal just confirms his previous sentence.
The whole "we will pay back the creditors" argument was silly. The judge has to base the sentence on current facts, not on something that probably may or may not happen in the future because it could easily be a bait and switch and I think the 25 years sentence was chosen with that in mind. If everyone does get paid eventually then he can use that as an argument to go on parole 2-3 years earlier maybe, but that will only happen after the payments are confirmed.
Indeed. And no one has any reason to believe that everyone will actually get their money back. These things are completely unpredictable even if they're being earnest.
His parents not being thrown in jail with him is a huge miscarriage of justice. And this is not hyperbole, I literally cannot think of two people more aptly described by "should have known better". 25 for him is fair but 0 for his parents is outrageous.
@@protoman1214 Yes. They also were heavily involved in the company, but in a distanced/indirect way that suggests they knew he was doing super illegal things and wants to cover their own butts. They also got millions in cash and property from SBF as well. They basically sold their son down the river for money. Just shows they all were always PoS. Not that surprising for people involved in the high-level business world.
The real Elephant in the room got pushed under the rug and no one is talking about it. I hate what about arguments, but here we go. What about the fact that the DOJ dropped the charges for the campaign donations to so many politicians. Why have we not seen any of the communication documents and discussions that took place multiple times between SBF and Gary Gensler? Sam's mother is in charge of a super pac with friends in high places, so who is protecting who? There are so many dominos that need to fall if we truly are a nation of justice where the law applies to anybody and everybody. Still some seriously stinky fish in the room that needs to be addressed.
As long as he doesn't get out early, twenty-five years is a great sentencing. I would have preferred 30-35 years, but that's off of like. How I feel, not the law.
@@rebralhunter6069 he can get 1yr knocked off for every 3 years he does (or something like that, cant recall exact numbers but basically he'll be able to get out in 14 yrs if he keeps his head down, goes to classes and other stuff)
@@damianplasencia2708 you're correct with the principal but the numbers are off. Federally good conduct time is 54 days per 1 year. He could potentially get *up to* one additional year off if he attends the RDAP, a drug/alcohol program.
@@rebralhunter6069 i know about RDAP, i wasnt taking that into account...there is another program or guideline that shaves off years for every "X" amount of years you do (and yes this is for the feds, not state time)
@@damianplasencia2708 do you remember the programs name? I'm only familiar with the drug/alcohol program and the standard good conduct time. I'm assuming its a bit of a newer program in the last few years mayhaps?
@@chuck600 Before, coffee would take months to work on a video. Now, he feels "unleashed" and has an audience who will listen to him; so he can make videos like this, as soon as things happen. I would imagine, for him, that is a total game changer.
@@JackPitmanNica Not exactly. The ROI for his over produced videos was lessening each month. This is why other channels like MeatCanyon have pivoted to this reactionary easy SSSniperwolf content...The bills don't pay themselves and watch time is KING.
@@kwisatzhaderach1458 Maybe im a fool but I like to believe some people also just have fun making content. I get the impression coffee has more fun being able to react in videos than having to make everything an epic project
Justice is served but what makes me sad is this. SBF is not going to jail for betraying regular hardworking people who invested in his products out of hope for a better life for their families, He is going to jail because he cost billionaire hedge fund managers their investments. If he just ripped us off....he would have gotten away with it
A third of what Bernie got, with the very distinct difference that Bernie acknowledged his guilty as soon as his scheme went bust, SBF and his lawyers can’t even do that after being found guilty by a tribunal.
Wasn’t only his customers, FTX sponsored lots of events and organizations that since they were fully funded didn’t went on searching more sponsors actively, and when FTX went belly up not only FTX rescinded those sponsors leaving those sponsored in a very precarious situation (some simply went bankrupt), but FTX even tried to get back the money they had already given as sponsorship… SBF crimes affected so much more than FTX customers, the customers are merely the tip of the iceberg of damage SBF caused.
@@DDanV it was receivers/administrators who attempted to claw back payments after FTX went bankrupt, on the premise that FTX was already bankrupt at the time those contracts were entered into. They didn't manage to claw back very much of the money Sam paid out at all, but they did manage to recover some money lost to fraud and criminal activity by third parties.
25 years and will serve about 21. That seems harsh enough. I read somewhere he's tutoring people who are studying for their GEDs. I hope he uses his time to become a better man.
Federal prison camps and the like are America's dirty little secret. The place Anthony Weiner was sent had instructions for sending inmates freight. There's people who can't send their loved ones packages in this country but in posh federal prisons for the upper class they can receive freight. Because apparently it's common enough to send inmates there things too big to mail. Some of the federal prison camps for the upper crust would shock you. Some allow inmates to leave to work or "volunteer" nearby. SBF if he has the money and power still could pay someone to start a "charity" that just happens to have an office right near where he's held. He can go "volunteer" every day and sit in a big office in the back. Play on computers and eat takeout. And do it all using stolen money. Since crooks like him love to make it obvious if he gets the chance to do this I'm sure the "charity" that totally isn't under his control will be for people with Autism. People like him often rarely serve their full sentences either. There's always some bullshit excuse for why they need to get out of their adult summer camp early.
I got sentenced to 5 years for having weed and mushrooms in my car. They literally grow out of the ground. But I still got 5 years. SBF stole billions of dollars from peoples investments. It’s akin to taking someone’s money on the promise that you would use it to buy stocks and bonds and instead you go to the casino and blow the money. 25 years is a very light sentence.
There will be a struggle to make sure he doesn't become Jordan Belfort. That man has made millions on his book, speaking engagements, and the movie they made about him. Society willingly gave him his money back. Don't do the same with SBF!
This saga indeed serves as a cautionary tale for financial industry and the sentence was a wake up call for many. It will be interesting to see how the crypto market faces these regulatory hurdles in future.
25 years is probably fair, though given the judge's comments about never seeing a performance like SBF's on the stand, he might still consider himself lucky it was only 25.
i think the cruel reality is this incident was a driving force in a number of people taking their own lives, and you can't pay that back, 25 years is too short but im not sure if there's any punishment that could fit this crime. society should be punished for letting things like this happen.
Just a little tip for ya - most people never ever do the full time. Between parole and commutation, only poor men do the full bid. The more points in someone's favor, the less time overall. SBF is connected, young, first time offender, good lawyers and the right kind of last name. I give him 12 years maximum.
Do people realise he will serve about half of the 25 years? He will be out in his mid 40's and extremely rich. His Parents have not had to give back any of the money they were given.
All federal inmates serving sentences of more than 12 months except those serving imprisonment for life are eligible for a “good conduct time” reduction of 15%, resulting in the service of 85% of the sentence, exclusive of community confinement placement and other means of early release. - Joshua Sabert Lowther, Esq., Atlanta, GA.
With Federal Prison its a little different than normal. There's no parole and you have to serve at least 85% of the sentence. So if he DOES get out early itll be after 15-20 years regardless of anything
@@axis1247 He SHOULDN'T get out early. He should be serving the maximum sentence. We need to send the message to all these pathetic scammers that we won't tolerate it
He should have gotten 100 years. Bernie Madoff got way more. SBF should be punished to the extent of the harm he caused. It was a lot of harm to a lot of people.
Yeah I'm not sure he got any favors from having all this rich friends writing letters of support to the judge. A lawyer friend of mine said she hardly ever recommends that unless you have a messed up background, bc ultimately it just annoys the judge and they're the ones doing the sentencing, so it's really best to not have anyone more than maybe your parents or significant other. I think of Moneyball Man talking him up and hearing that someone I respected was all-in on SBF made me really think about how crafty he is at getting even cynical people to believe his PR. Proud of you coffee for helping blow this story up!
Coffee, make that documentary about Samy Boy’s full story, pump it up, sell it to nflx, get rich, retire on a small island and send me a coffee afterwards! You’re welcome!
@@yukiokuma8983 To get him an incentive to pay it back. Besides, my point was simply that it would be incredibly to reduce his sentence _before_ they have made good on their promise.
@unit38421 incentive?? We shouldn't be giving him any chances to do the right thing cause he already proved he cant. Hence why he's going to jail for 25 years...
He won't do the full thing, he'll either appeal and get a lesser sentence or they'll say years from now he co-operated with something else which was key and that will be their excuse for letting him out early. 9/10 these types of guys never do the full thing lol
Caroline Ellison, Gary Wang, Nishad Singh and Adam Yedidia deserve at least 10 years in prison as well. Now everyone will see Sam as the scapegoat, but all of them did their part...
@@treyquattro Also literally *everybody* hates this guy now. The crypto people hate him for making crypto look worse, the non-crypto people hate him for what he did. Homey's run out of friends, so there's not much clamoring for him to get off.
Honestly, 25 years is much more than I expected him to get. Like I was hoping for as much as possible, but I wasn’t expecting anything to actually be done about his sentence. I was expecting the same rich person sentencing where he gets like 2 years max with like a bunch of money to be paid.
25 years sounds too small for how many lives he ruined... but think of it like this, that is up to 25 years he can't earn money, have a family, enjoy the high and suffer the lows in life. All he has to look forward to is 25 years in a cell (as long as nothing happens), then he will be in his 50s and looking for a way to sustain himself for not only the immediate future, but on how he will be able to retire, especially when a lot of people will not hire him because how high-profile his case was. I know if I walked into a bank and found out he was a manager, my money would not be staying in that company.
Some of the best years of my life were between my early 30s to early 40s. SBF, a man use to wealth and comfort, will be spending those years in a concrete box. Maybe it's not enough, but it's not nothing.
It's nice that you think he'll have to serve his whole sentence. I'm almost 100% certain he'll be let out long before 25 years are up. Nevermind the fact his parents seem to have money. Not saying it will all be sunshine and rainbows when he's released, but it won't be anything close to what a regular person faces when they're released.
"It's not a crime because people didn't lose money" My brother in Christ the crime is not that you lost people's money, they found out about your crime BECAUSE you lost their money 😥
I was just wondering when the sentencing was gonna come out, since it was going to be in March. Even rewatched your video, so this is just the cherry on top!
25 years is pretty light imo. That the kind of time you should do if you commit fraud in the 8-9 digit range. This guy was in charge of billions. He shouldn't get out until he's an old man.
I still find it DEEPLY hilarious that if sam held out just a little bit longer crypto would of rebounded enough for him to comfortably continue his scam. Glad karma said no to thay😂
Tbf, I’m pretty sure mumsie and dadsie are gonna be able to pull some strings to get their precious little SBF either out of Gen pop or out of jail altogether
It would be great if you talked to that dude from the Effective Altruism community whose name I can’t remember but has been on Sam Harris’s podcast and who can’t believe that Sam really wanted to defraud his customers
I pretty much knew he wasn’t getting 110 but 25 not bad but should have at least got 40-45🤷🏽♂️cause he definitely probably not gonna have to do the whole 25 maybe 10-15 then he might get out🤷🏽♂️
I would be hard-pressed to find anyone who wouldn't agree that if it weren't for @Coffeezilla this all might've not happened AT ALL. Good on you Coffeezilla 👏 ❤ 👍
Creditors being paid in dollars does not account for the fact that the crypto assets themselves were stolen. Replace what the assets would be worth today using his own money or put sbf under the prison. He will be out in 10 years probably 8
coffeezilla's coverage of this story has been nothing short of heroic, we really need independent journalists like this atm, now if only he would turn his mind to the epstein case
It's FAIR. The problem would be is it did not indicate if he's eligible for parole and when it can occur. This 25 years can in reality just be 10 years or 5 years considering of their capability to hire expensive lawyers. Also, will he be prohibited with these financial activites once he got out? He may go back to this business again and wreak havoc once more....
What coffee is saying basically they will be paid in usd not crypto so they will get their USD value invested and not what it ends up profited to. Ouuuuch!!!!!
I think 25 years is a fair sentence. Any more than that and it would've been too much. Any less and it would've been too lenient. I think the judge made the right call here. I wish SBF the best and I hope he learned his lesson.
Once I saw the news, all I could think about was seeing your reaction to it. They finally got him, but the sentencing was lighter than I expected. Hopefully they actually keep him for that long and don't allow any early release.
I'm autistic and I'm an accountant. Autism doesn't make you commit glaring financial errors. The opposite, if anything. Unless your special interest is doing crimes.
😂
As a matter of fact yeah my current hyperfixation is moral bankruptcy, how dare you police my neurodivergence like that /j
Aah Sam's special interest was white collar crime! It all makes sense now
Are you also secretly an assassin?
Not with that attitude.
His parents walk away with no consequences , what a JOKE
They should be in there with him for all 25 years of his sentence.
What did they do?
@@GamersHolyArmy Orchestrated the entire event.
@@OGJeff685 I’ve seen nothing about that, is there a source for this?
@@GamersHolyArmyThey knew about everything and heavily profited from his crimes.
25 Years in prison is damn good, but I’d be lying if I said I wasn’t hoping for even more. Still a great thing that real punishment is being meted out.
my thoughts precisely
Realisitically he'll be out in under fifteen...
I just hope people get paid back in at least some capacity, maybe
@@Joe90hno federal prison he will do almost all of it
@@natas6307 why is that, don't normally white collar criminals get let out early for good behavior
As someone with autism, autism is not an excuse to commit financial fraud and ruin the lives of thousands if not millions
Edit: oh damn this blew up uhhh SBF donate 8 billion to the Autism Self Advocacy Network challenge (impossible (he’s in jail))
Yeah I'm just saying, I have autism and I've never stolen 8 billion dollars
Unfortunately you can get away with murder if diagnosed with autism. So sam getting 25 is unsurprising.
💯. Like even if people get made hole, being forced to take a loan you don’t want is scummy
Yeah it's pretty disgusting to see him and his team try to lean on neurodivergence, that doesn't in any way kill your sense of morality and in my experience if anything you are hyper-vigilant of your impact on others
@@Ross516Kinda dumb thing to say imo...Thats because, you have never had a SINGLE OPPORTUNITY to steal $ 8 billion dollars.
Like, you've never even had an opportunity to steal just $ 1 million dollars.
I'd bet my ENTIRE left leg with 100% confidence that you'd fully cave in and steal 50$k if you thought you were gonna get away with it.
GTFO of here with you're pretending that you wouldn't snag $ 8 billion dollars, if there was somehow an opportunity to do so. Both you AND the o.p are straight-up lying if you're gonna try to claim that you wouldn't.
Just a reminder that there were people who took their lives following FTXs collapse.
People take their lives over frivolous shit. Just like people are “saved” by frivolous shit.
Can’t recall a single one who did bc of ftx and they’d be quite dumb bc all individuals were able to immediately pull their funds. Ppl like you who say this stuff always have zero involvement with the case. You prolly never have owned crypto, def never used ftx, you just want to voice your radical opinion that you feel so smart saying
@@samuhlm2 That you seriously think you can't feel bad for people hurt by this if you're not personally involved says volumes more about you than anybody else.
@@Colddirector Daaaaaaaaaamn. Get im!
That’s terrible if true, and I would never want anyone to do that. Not blaming the victim, but don’t invest what you can’t afford to lose and diversify your portfolio, is the best path to investing. A good rule to follow, but things can still go bad…
i’m autistic and it really disgusts me when people try to use it as a defense, being autistic doesn’t mean you can’t differentiate right from wrong especially when you’re as independent as a self-proclaimed genius like sam obviously is
Don't forget that he claimed to be a fucking _altruist_. How can the same person then claim that they were confused about how their actions impact others?
Absolutely agree.. Its an insane take, that honestly doesn't really make sense..
Yeah I'm also autistic and it's such a what the fuck. Is it a good explanation for why I listened to my favorite album like 100 times last year? Yes. Is it a good explanation for being morally bankrupt as a human being? *Shockingly* no it has fucking nothing to do with that >:(
Would be even more of a laugh if people weren't using autism as their whole personality. (Autistic person vs a person with autism)
Most autistic people don't understand they are autistic and rarely claim to be autistic. See "I have ADHD" over representation.
I saw in an article that Sam Bankman-Fried has apparently figured out that since cigarettes have been banned in jail, the primary currency is apparently salted mackerel.
He ain't gonna last long, is he?
Jack Mack it is so good 😂
@@Leroy754 Yeah prison is super hard for highly connected rich guys
@@aberwood You know what, that's fair. But we've seen how incompetent Sam is, I'm sure he'll fuck it up someway or another.
Why is this so funny 😂
sbf's idea on how to pay everyone back: "What if we started, hear me out, a crypto currency exchange!?"
Judge - you want 25 more years in prison?
😂
25 for stealing 8 billion dollars
Coulda gotten life if he had stolen $11 while black
@@Mighty_Atheismo lol maybe in 1990...
@@Mighty_Atheismowhat?? Not around my parts
Arguably it's gonna be most of the best years of his life. Going in in your 20s and coming out in your 50s is rough. It's a pretty severe punishment for a white collar crime. 🤷
he didnt actually get those 8 billion. he made investments with them that turn out to be worth more than 8 billion. he actually produced money
Judge kind of split the baby. Prosecutors were asking for 50, probation office was asking for 100, defense lawyers asked for 6.5. 25 is a fair sentence, I don’t think the appeal will work out to lower the sentence. Nice work Judge Kaplan
Is he even going to appeal the decision? Because I think that will almost certainly give him a longer sentence for a number of reasons.
This means he goes free in less than 10 years. Its a f-ing joke, Bernie Madoff got 150 years and hurt a lot less people.
@@carlireland5049 why would that be?
@@carlireland5049never heard of an appeal resulting in a longer sentence. That's like appealing a life sentence resulting in a death sentence..
@@TheOrionStar Because if the creditors don’t get their money back, the court has less reason to be lenient with him. Also because public pressure on the appeals judge will grow. I think best-case scenario the appeal just confirms his previous sentence.
The whole "we will pay back the creditors" argument was silly. The judge has to base the sentence on current facts, not on something that probably may or may not happen in the future because it could easily be a bait and switch and I think the 25 years sentence was chosen with that in mind. If everyone does get paid eventually then he can use that as an argument to go on parole 2-3 years earlier maybe, but that will only happen after the payments are confirmed.
Indeed. And no one has any reason to believe that everyone will actually get their money back. These things are completely unpredictable even if they're being earnest.
Now let's get the politicians that accepted SAMs money. Oh wait we aren't suppose to remember he basically bribed politicians off the books.
💯 😂
I mean on the books, that's how we know it happened lol
@@anachronismic He was smart enough to donate to the right off the books
I think Americans call that “lobbying”
@@conormurphy4328unfortunately lobbying was seen as a virtue by the founding fathers. Good luck trying to put Ben Franklin on the stand.
Can’t believe all that SBF stuff happened a year ago and the visit to the trial was just 8 months ago. Time sure flies
His parents not being thrown in jail with him is a huge miscarriage of justice. And this is not hyperbole, I literally cannot think of two people more aptly described by "should have known better". 25 for him is fair but 0 for his parents is outrageous.
The parents haven't been charged. Yet.
Aren't they both like ethics or financial lawyers???
@@protoman1214 Yes. They also were heavily involved in the company, but in a distanced/indirect way that suggests they knew he was doing super illegal things and wants to cover their own butts. They also got millions in cash and property from SBF as well. They basically sold their son down the river for money. Just shows they all were always PoS. Not that surprising for people involved in the high-level business world.
@@protoman1214 Compliance Lawyers I believe (the irony)
If we all make it 25 years from now, we're gonna hear "Sam Bankman-Fried let out of prison" and it's gonna be a wave of nostalgia.
With the headline "Sam Bankman *freed*"
"Sam shankman fried" if those investors get to him.
Yeah lets come back in 25 years to this comment thread lol
The real Elephant in the room got pushed under the rug and no one is talking about it.
I hate what about arguments, but here we go.
What about the fact that the DOJ dropped the charges for the campaign donations to so many politicians. Why have we not seen any of the communication documents and discussions that took place multiple times between SBF and Gary Gensler?
Sam's mother is in charge of a super pac with friends in high places, so who is protecting who? There are so many dominos that need to fall if we truly are a nation of justice where the law applies to anybody and everybody.
Still some seriously stinky fish in the room that needs to be addressed.
STRAIGHT TO JAIL
*Prison, being imprisoned for more than a year is prison. Less than a year is jail
@@DankMemeStonks For someone with meme in his name, you missed the Parks and Rec meme...
@@Tigermoto ❤️
@@DankMemeStonksdumb dumb
@@Tigermoto I got the reference, but still ain’t jail is it?
As long as he doesn't get out early, twenty-five years is a great sentencing. I would have preferred 30-35 years, but that's off of like. How I feel, not the law.
@leanja6926federal prison doesn't do parole anymore. Good credit is only 15% per year. So he's doing 21 years
@@rebralhunter6069 he can get 1yr knocked off for every 3 years he does (or something like that, cant recall exact numbers but basically he'll be able to get out in 14 yrs if he keeps his head down, goes to classes and other stuff)
@@damianplasencia2708 you're correct with the principal but the numbers are off. Federally good conduct time is 54 days per 1 year. He could potentially get *up to* one additional year off if he attends the RDAP, a drug/alcohol program.
@@rebralhunter6069 i know about RDAP, i wasnt taking that into account...there is another program or guideline that shaves off years for every "X" amount of years you do (and yes this is for the feds, not state time)
@@damianplasencia2708 do you remember the programs name? I'm only familiar with the drug/alcohol program and the standard good conduct time. I'm assuming its a bit of a newer program in the last few years mayhaps?
Voidzilla feels pure and raw
$10 million wasted on a studio. Smh my head.
How?
@@chuck600 Before, coffee would take months to work on a video. Now, he feels "unleashed" and has an audience who will listen to him; so he can make videos like this, as soon as things happen. I would imagine, for him, that is a total game changer.
@@JackPitmanNica Not exactly. The ROI for his over produced videos was lessening each month. This is why other channels like MeatCanyon have pivoted to this reactionary easy SSSniperwolf content...The bills don't pay themselves and watch time is KING.
@@kwisatzhaderach1458 Maybe im a fool but I like to believe some people also just have fun making content. I get the impression coffee has more fun being able to react in videos than having to make everything an epic project
Justice is served but what makes me sad is this.
SBF is not going to jail for betraying regular hardworking people who invested in his products out of hope for a better life for their families,
He is going to jail because he cost billionaire hedge fund managers their investments.
If he just ripped us off....he would have gotten away with it
He took more then Bernie Madoff and got less then half of Bernie time
A third of what Bernie got, with the very distinct difference that Bernie acknowledged his guilty as soon as his scheme went bust, SBF and his lawyers can’t even do that after being found guilty by a tribunal.
I think people wanted Madoff gone
Great points as always.
Also, his customers took on risk they hadn't signed up for, and were put through a lot of stress and pain.
crypto is an unregulated wild west. People knew the risks they were taking.
Wasn’t only his customers, FTX sponsored lots of events and organizations that since they were fully funded didn’t went on searching more sponsors actively, and when FTX went belly up not only FTX rescinded those sponsors leaving those sponsored in a very precarious situation (some simply went bankrupt), but FTX even tried to get back the money they had already given as sponsorship… SBF crimes affected so much more than FTX customers, the customers are merely the tip of the iceberg of damage SBF caused.
@@DDanV it was receivers/administrators who attempted to claw back payments after FTX went bankrupt, on the premise that FTX was already bankrupt at the time those contracts were entered into. They didn't manage to claw back very much of the money Sam paid out at all, but they did manage to recover some money lost to fraud and criminal activity by third parties.
25 years and will serve about 21. That seems harsh enough. I read somewhere he's tutoring people who are studying for their GEDs. I hope he uses his time to become a better man.
I bet he going to serve like 5-10 years of that 25 years sentence and spend the rest in house arrest. Rich people never serve full prison sentence.
Federal time is minumum 85% of the sentence. However, there is a multi-tiered justice system, so I can't even say that you'll be wrong.
Federal prison camps and the like are America's dirty little secret.
The place Anthony Weiner was sent had instructions for sending inmates freight. There's people who can't send their loved ones packages in this country but in posh federal prisons for the upper class they can receive freight. Because apparently it's common enough to send inmates there things too big to mail.
Some of the federal prison camps for the upper crust would shock you. Some allow inmates to leave to work or "volunteer" nearby.
SBF if he has the money and power still could pay someone to start a "charity" that just happens to have an office right near where he's held. He can go "volunteer" every day and sit in a big office in the back. Play on computers and eat takeout. And do it all using stolen money.
Since crooks like him love to make it obvious if he gets the chance to do this I'm sure the "charity" that totally isn't under his control will be for people with Autism.
People like him often rarely serve their full sentences either. There's always some bullshit excuse for why they need to get out of their adult summer camp early.
lol look at Elizabeth Holmes she’s pretty much spending time in a therapy facility with barbed wire fencing. Cozy? No. But is it prison? Far from it.
SBF went from beloved to unloved and our favorite Internet detective went from Coffee to Void.
I really don't think anybody outside the crypto people loved SBF though. Dude was as shady as the day was long
" beloved " ? It was the media who kissed his ass
I hope that in future economics and ethics textbooks they mention Coffee in the section on SBF
Why would they he’s a reporter
I got sentenced to 5 years for having weed and mushrooms in my car. They literally grow out of the ground. But I still got 5 years. SBF stole billions of dollars from peoples investments. It’s akin to taking someone’s money on the promise that you would use it to buy stocks and bonds and instead you go to the casino and blow the money. 25 years is a very light sentence.
5 years for that is crazy
@@enzoinfinity1 I did have quite a lot. But yeah I agree. One day in jail for possessing any drug is excessive in my opinion.
@@PeripheralVisionary. yeah, I'm appreciative of madmyc's comment, but I was going to point out what you just said. I'm not a 'murican, tho
@@madmyc6836No it isn't if you're carrying dealer amounts.
It’s funny that in your mind stocks and bonds are differentiated from a casino.
Considering SBF’s lack of criminal history, his age, and the usual discount on white collar crimes, 25 is damned good imo.
Ok arm chair lawyer. Who cares.
Yep, not too bad. And that's not the end of it for him, of course. He's ruined and a target of disdain for life.
@@Reutzel507 not JUST an armchair lawyer. Actual lawyer. Cheers.
@@buruzn09 I doubt it. What's your license number?
There will be a struggle to make sure he doesn't become Jordan Belfort. That man has made millions on his book, speaking engagements, and the movie they made about him. Society willingly gave him his money back. Don't do the same with SBF!
This saga indeed serves as a cautionary tale for financial industry and the sentence was a wake up call for many. It will be interesting to see how the crypto market faces these regulatory hurdles in future.
25 years is probably fair, though given the judge's comments about never seeing a performance like SBF's on the stand, he might still consider himself lucky it was only 25.
This means he goes free in less than 10 years. Its a f-ing joke, Bernie Madoff got 150 years and hurt a lot less people.
i think the cruel reality is this incident was a driving force in a number of people taking their own lives, and you can't pay that back, 25 years is too short but im not sure if there's any punishment that could fit this crime. society should be punished for letting things like this happen.
Just a little tip for ya - most people never ever do the full time. Between parole and commutation, only poor men do the full bid. The more points in someone's favor, the less time overall. SBF is connected, young, first time offender, good lawyers and the right kind of last name. I give him 12 years maximum.
Agree plus with the huge donations to the Dems will insure he won’t do the full time.
Thank you for your contributions to this result, Cofffee!
Damn right. Also, thanks for warning everyone to stay away from this scam.
Do people realise he will serve about half of the 25 years? He will be out in his mid 40's and extremely rich. His Parents have not had to give back any of the money they were given.
All federal inmates serving sentences of more than 12 months except those serving imprisonment for life are eligible for a “good conduct time” reduction of 15%, resulting in the service of 85% of the sentence, exclusive of community confinement placement and other means of early release. - Joshua Sabert Lowther, Esq., Atlanta, GA.
The parents thing is fucked but he’ll serve at least 21 years.
20 years for the haircut
5 years for fraud
😂
Instantly clicked this video, as usual.
I love the judge's analysis of SBF's personality. So smart and observant
As long as he serves his full 25. What are the chances SBF gets out early?
With Federal Prison its a little different than normal. There's no parole and you have to serve at least 85% of the sentence. So if he DOES get out early itll be after 15-20 years regardless of anything
@@axis1247 He SHOULDN'T get out early. He should be serving the maximum sentence. We need to send the message to all these pathetic scammers that we won't tolerate it
how is 85% of 25years end up at 15-20 years? the math doesn't math; 85% of 25 years would be 21.25years or 21years and 3months.@@axis1247
He should have gotten 100 years. Bernie Madoff got way more. SBF should be punished to the extent of the harm he caused. It was a lot of harm to a lot of people.
Yeah I'm not sure he got any favors from having all this rich friends writing letters of support to the judge. A lawyer friend of mine said she hardly ever recommends that unless you have a messed up background, bc ultimately it just annoys the judge and they're the ones doing the sentencing, so it's really best to not have anyone more than maybe your parents or significant other. I think of Moneyball Man talking him up and hearing that someone I respected was all-in on SBF made me really think about how crafty he is at getting even cynical people to believe his PR. Proud of you coffee for helping blow this story up!
It's 25 years in PRISON. Jail is where you go before you are convicted or for short term sentences. Prison is for long term sentences.
Coffee, make that documentary about Samy Boy’s full story, pump it up, sell it to nflx, get rich, retire on a small island and send me a coffee afterwards! You’re welcome!
Coffee is truly a detective of our time!
Voidzilla gets the honour of covering the SBF sentencing... Huge. Voidzilla's being working hard and deserves all the success.
He deserves the MAX sentencing.
Also, there should be no sentence reduction for good behavior. He really should be in jail for the rest of his life.
He will walk out on "good behavior". Don't forget his campaign donations.
Should this happen, the Republicans and Democrats will loudly accuse each other of corruption
I'm fine with SBF getting reduced sentincing for reimbursing all of their customers... once they have been reimbursed.
Paying them back is the bare minimum. Why tf would we reward him for thay???
@@yukiokuma8983 To get him an incentive to pay it back. Besides, my point was simply that it would be incredibly to reduce his sentence _before_ they have made good on their promise.
@unit38421 incentive?? We shouldn't be giving him any chances to do the right thing cause he already proved he cant. Hence why he's going to jail for 25 years...
25 years 🎉
"Hello! Welcome back t- VOID ZILLA- " XD. As a video editor, I both feel the pain and find this absolutely hilarious.
He won't do the full thing, he'll either appeal and get a lesser sentence or they'll say years from now he co-operated with something else which was key and that will be their excuse for letting him out early. 9/10 these types of guys never do the full thing lol
Caroline Ellison, Gary Wang, Nishad Singh and Adam Yedidia deserve at least 10 years in prison as well.
Now everyone will see Sam as the scapegoat, but all of them did their part...
Guess those political contributions really paid off!
they were made to both parties, so canceled out
@@treyquattro Also literally *everybody* hates this guy now. The crypto people hate him for making crypto look worse, the non-crypto people hate him for what he did. Homey's run out of friends, so there's not much clamoring for him to get off.
Underrated comment
"first time offender"
He should spend the rest of his life behind bars. Frauds like that have no place in society.
coffee smoking that sam pack
rest in piss bozo #PACKWATCH
Really appreciate your smart and insightful reporting on this.
The real fraud is Coffee forgetting to say ‘Voidzilla’ and then dubbing it over expecting his innocent fans not to notice.
Congrats on all of your investigation, interrogation and reporting throughout this saga, coffee 👏👏👏
In 2049 we‘ll see Sam Bankman *freed*
Honestly, 25 years is much more than I expected him to get. Like I was hoping for as much as possible, but I wasn’t expecting anything to actually be done about his sentence. I was expecting the same rich person sentencing where he gets like 2 years max with like a bunch of money to be paid.
Finally lock him up
If you ask me, 25 years with the possibility of parole is way too linient.
I know right?
25 years sounds too small for how many lives he ruined... but think of it like this, that is up to 25 years he can't earn money, have a family, enjoy the high and suffer the lows in life. All he has to look forward to is 25 years in a cell (as long as nothing happens), then he will be in his 50s and looking for a way to sustain himself for not only the immediate future, but on how he will be able to retire, especially when a lot of people will not hire him because how high-profile his case was. I know if I walked into a bank and found out he was a manager, my money would not be staying in that company.
Some of the best years of my life were between my early 30s to early 40s. SBF, a man use to wealth and comfort, will be spending those years in a concrete box. Maybe it's not enough, but it's not nothing.
@@jamesrule1338 exactly
It's nice that you think he'll have to serve his whole sentence. I'm almost 100% certain he'll be let out long before 25 years are up. Nevermind the fact his parents seem to have money.
Not saying it will all be sunshine and rainbows when he's released, but it won't be anything close to what a regular person faces when they're released.
SBF getting less jail time than Ross Ulbricht is ridiculous
"It's not a crime because people didn't lose money" My brother in Christ the crime is not that you lost people's money, they found out about your crime BECAUSE you lost their money 😥
I was just wondering when the sentencing was gonna come out, since it was going to be in March. Even rewatched your video, so this is just the cherry on top!
Was wondering when you would post this one. I still believe he needs a longer sentence.
Heard it on the radio and came strait here. Had to see the smile on your face bro
25 years is pretty light imo. That the kind of time you should do if you commit fraud in the 8-9 digit range. This guy was in charge of billions. He shouldn't get out until he's an old man.
Today, my faith in Justice is renewed :) Thank you sir.
I still find it DEEPLY hilarious that if sam held out just a little bit longer crypto would of rebounded enough for him to comfortably continue his scam. Glad karma said no to thay😂
I hate that so many regular every day people has to lose their life savings to get this one guy
Im glad i never was a goof and invested in FTX, i did my research and chose a better platform
Tbf, I’m pretty sure mumsie and dadsie are gonna be able to pull some strings to get their precious little SBF either out of Gen pop or out of jail altogether
It would be great if you talked to that dude from the Effective Altruism community whose name I can’t remember but has been on Sam Harris’s podcast and who can’t believe that Sam really wanted to defraud his customers
I don’t think SBF would have ever been caught if it wasn’t for Coffeezilla. Thank you, Coffee ❤
He will be out on parole after barely doing 1/3 of the sentence...if not less.
I think 25 years is pretty damn solid. Admittedly he’ll probably be out long before that, but it sends a message, and that’s the point
Doesn't send a message if he only serves a small amount of that 25 year sentence
Now we need at least the same for Alex Mashinsky
I pretty much knew he wasn’t getting 110 but 25 not bad but should have at least got 40-45🤷🏽♂️cause he definitely probably not gonna have to do the whole 25 maybe 10-15 then he might get out🤷🏽♂️
I would be hard-pressed to find anyone who wouldn't agree that if it weren't for @Coffeezilla this all might've not happened AT ALL.
Good on you Coffeezilla 👏 ❤ 👍
Should've got life without parole!
Creditors being paid in dollars does not account for the fact that the crypto assets themselves were stolen. Replace what the assets would be worth today using his own money or put sbf under the prison. He will be out in 10 years probably 8
Wool socks to bed = life changing sleep ⚪
coffeezilla's coverage of this story has been nothing short of heroic, we really need independent journalists like this atm, now if only he would turn his mind to the epstein case
I think he wants to stay alive...
@@alex_squeezebox Lol he should cover Zionism
Sad sentence. He deserves at least 50 years!
I agree
It's FAIR.
The problem would be is it did not indicate if he's eligible for parole and when it can occur.
This 25 years can in reality just be 10 years or 5 years considering of their capability to hire expensive lawyers.
Also, will he be prohibited with these financial activites once he got out? He may go back to this business again and wreak havoc once more....
He'll probably do 5 years, then he'll be back on the con.
No parole in Federal sentencing
Federal sentences are much less flexible. No parole, and he has to do 85% of the time.
He'll pull the old "Jordan Belfort"
What coffee is saying basically they will be paid in usd not crypto so they will get their USD value invested and not what it ends up profited to. Ouuuuch!!!!!
"Hard times create new technology, new technology create large wealth, large wealth creates crypto bros, and crypto bros create hard times"
Can't wait for "The SBF Saga 2: Electric Boogaloo" from coffee when SBF inevitably appeals the sentencing.
How come just 25years only??
I think 25 years is a fair sentence. Any more than that and it would've been too much. Any less and it would've been too lenient. I think the judge made the right call here. I wish SBF the best and I hope he learned his lesson.
This means he goes free in less than 10 years. Its a f-ing joke, Bernie Madoff got 150 years and hurt a lot less people.
If he had just managed to keep FTX afloat 60 more days he would have made it.
I was waiting for your video response to it! Amazing! Beyond reasonable doubt you helped this case
25 years.
What a fucking joke. He will probably get out earlier too,
Once I saw the news, all I could think about was seeing your reaction to it. They finally got him, but the sentencing was lighter than I expected. Hopefully they actually keep him for that long and don't allow any early release.
My knee jerk reaction was not enough. But the more I think about it and listen to others, I feel good with 25.
Im super happy with 25 years. I cant wait till grant cardome gets his
Welcome Back To The VOID 💪🏽🏴☠️😎
I like that the RUclips auto-captions think that SBF's last name is "freed."