Sam's mom yelled at Tiffany Fong outside the courthouse and she hasn't gone nearly as hard at Sam as Coffee has. That would have been interesting if she ran into Coffee instead.
Sam Bankman-Fried's testimony is *exactly* why defense attorneys *rarely* let their defendant testify in these kind of cases. It almost never ends well.
@@ShreyDoshi2north Korea number 1 ! Good citizen go spread the word. But you aren't allowed to be here, delete account fast or kim jo g un will cry and then put family in jail forever.
It's hilarous to imagine Sam contemplating how much evidence against him existed, before looking up and seeing Coffee staring at him from across the room with a massive shit-eating grin on his face
Coffee is legitimately one of the people showing RUclips's merit as a legitimate platform; he's now one of the leading investigative journalists in digital fraud.
@@nathanielartosilla9110 As much as a I hate mega coorps unfortunately she does bring youtube more money than coffeezilla does, which ultimately is our fault (as the viewers) not youtubes.
Imagine being born in the lap of privilege, to two highly educated and financially secure parents, with enough brains and connections to attend a prestigious university and have a 99.9% change of a highly lucrative career... and still deciding to commit FRAUD and scam people out of billions of dollars. Now he could face over 100 years of prison (I'm pretty sure it's not going to happen, people like this always get out of jail early IF they even get such a sentence). He would deserve all of them just based on his arrogance and disrespect.
My theory is that these people (SBF, Ellison, and the others heading up this fraud) have spent their whole lives hearing that they were 'special.' Look no further than SBF's parents, the quintessential Ivy Leaguers who have an air (a stench, actually) of superiority. The now-famous story of SBF playing a game while on a call with VCs is another example of this attitude. SBF was not some genius who could multi-task; he was an arrogant ass who could not be bothered while playing a video game. (NOTE - gaming nerds and LARP'ers make terrible investment advisors)
I read that at some point SBF was being so annoyingly evasive that, while trying to establish how he became CEO, the prosecution directly asked him "So did you just accidently become CEO?" and forced him to directly state how he got the role.
That man really is just absolutely insufferable, I swear to you. Every time he'd make some kinda vocalization I'd just think "uh oh! He's cooking up another fib fellas! Give him a bit!" I cannot imagine how the jury must've felt hearing Sam open his mouth, there's something about his manner of speech that is incredibly irritating - though it's probably exacerbated by the fact that he's a lying, cheating, scamming scumbag.
I think when investors come in you have to vote. Unless you have the controlling shares (51%). Don't know. The main point was he just wouldn't admit he was willingly CEO. Like "gosh, shucks darn. I'm just a simple broker that was drafted into the position mister lawyer." @@Arcademan09
It's not just SBF, it's not just Ellison. This whole business of pushing numbers around, but adding nothing to society needs to be pulled down with extreme prejudice.
If by "pushing numbers around" you mean fraud, I think most people would agree with that. I'm not sure that it needs to be said that fraud adds nothing to society though.
The entire trial just proves why defendants are _always told_ *never do interviews with anyone* after you've been charged. SBF was going to lose this case bcuz of the data trail, but him speaking in all those interviews just crushed any excuse he could've used in court
Sam Bankman will face no consequences. The US will negotiate a deal with SB, stipulating that if he returns x millions and one dollar(he scammed billions, BTW), he can work from 9 am to 5 pm but must return to sub-jail (his home guarded by x police) after 6 pm. Verify my words after a few years.
Prosecutors decided to use Sam as a head on a stake when they saw the public had already decided he was guilty. Even if they figured out he didn't have bad intentions, they still would have convinced the jury he did.
I can just imagine SBF and Coffee locking eyes in the ruckus and a moment of clarity hits him and he recognizes Coffee from his videos. I would pay a kings ransom to see that unfold. This trial is like watching the worlds shittiest super villains get sent to court.
can’t believe they would let sam testify, signed his own death warrant with that opening him up to cross. every time he “didnt recall” something the prosecution was more than happy to help jog his memory
Well. Look at it this way. Say you're defence counsel, and you're of the opinion that as things are going, doing nothing means that you're *definitely* getting the guilty verdict. In this situation, getting Sam to testify **literally can't make anything worse.**
@@diestormlie yeh it's basically damned if you do, damned if you don't (if the witness is guilty, has a huge ego and thinks people are morons anyway). While pleading the 5th is not supposed to be counted against you, it looks incredibly bad to do so if there is a bunch of evidence against you that only you can really refute or defuse directly. It sounds like he basically winged his testimony and didn't study or cross reference the publicly available interviews he had done or the evidence given at trial.
@@charlesandresen-reed1514haven't watching yet finished but seems like they could say that Caroline took advantage of Sam's trust although with 8 billion stolen it, it doesn't make you not guilty.
Wild how anyone would see and listen to them speak and not see right away something shady and wrong was going on. I said SBF was a scammer months before the collapse. It was obvious just watching him speak.
Hilarious that Sam's initial defense of "Oh, I'm just a big dummy dumb-dumb who didn't have any idea what was going on and maybe I made some oopsie-doopsies" backfired so spectacularly 😂
I just can't get over that those spreadsheets that look like something a highschooler made to learn excel in 2008 are handling money on a scale most countries don't see.
@@woodlandwrench some of the oldest surviving documents in history are ledgers made before even arabic numerals, and even paper, were around, and they're still more thoughtfully put together lmao.
As an accountant that worked at a bank and other financial services, we do a fair bit of analysis on Excel pulling off data from different systems that hold ledgers. Tech hasnt evolved this much when it comes to data bases. The focus was on improving phones where the most money was to be made
Here's a simple rule to follow if you're ever accused of any crime: Exercise your right to remain silent. Unplug social media, talk to no one except your lawyer, and do not attempt to set the record straight in an interview before the trial. The words "Anything you say can and will be used against you in a court of law" apply not just to anything you say while being arrested, but anything you say at any place at any time, including posts to social media. It is amazing how often people forget that.
@@raddaks2039 Just like Elizabeth Holmes with Theranos, SBF was convinced that he could talk his way out of all of it. Honestly, I can't blame him: Up until the FTX collapse, everyone believed every lie he told. He basically lied billions of dollars into existence before it all came crashing down, and if you can do that, why wouldn't you believe your lies have more weight than the overwhelming evidence of your guilt?
Yea it's precisely why whenever cops get into any serious trouble -> they know to not talk to other cops/investigators and they immediately lawyer up. Cuz they know from experience that jail/prison is absolutely filled with people who thought they could outsmart their investiators and instead just talked their way into a locked cell. But with multiple people involved and the overwhelming pressure/incentive to testify first and not end up left holding the bag = makes it a lot harder in actual practice!
Crypto (once the golden hope of some of us) has become so full of scammers and fraudsters like SBF and company that it cannot be anything but the biggest scam of the last thirty years. Too bad; we have no hope left. The Federal Reserve creating endless debt leaves us with inflation stealing our purchasing power. Crypto-Currency is doing just the same. We're doomed, people. Watch your life savings go up in smoke, either way.
Regulation of these centuries old financial institutions doesn't work, so we're going to take our money out and give to random upstarts with no regulation, no credentials or accountability whatsoever 😂
@@rolandprat9648 and the same people who shout out the massive benifits of crypto and how it's going to replace fiat currency suddenly want accountability and regulations when they get rugged and lose all their money!
As much as I disliked what SBF did, he could have not done it alone. Those who testified against him and had their share of fraudulent behaviour should get some sort of consequences too, regardless of their testomony.
Leadership isnt a privelage, it's a burden and a responsibility. Everything that happened was because of Sam's decisions at every step of the way. Everyone who acted imorally did so because of situations he put them in and advice he refused to heed. Additonally, nobody made him lie like a toddler with pie smeared all over his face and hands about how he doesnt know what happened to the pie. Sam is on another level in this, the others are just weak.
@@zambo6453 - It doesn't matter. Regardless of who the ring leader is, those who acted in behalf of him are also guilty. He should be facing the toughest consequences, but his lacky's should also suffer some sort of punishment. SBF didn't hold a gun to their heads to commit these crimes. They knew exactly what the goal was and helped him achieve those ends. The guy that bought a 3.4 million home with the stolen funds was also because SBF put him into that kind of situation? Give me a break. They all benefited from this, so let's not act like they're completely innocent.
well yes and no tbh, on one hand you are right it sucks that they didn't have to face the consequences on their action, on the other... this is one of the only ways to get criminals to turn on each others. The more you make confessing looks like a "get out of jail free card" the more criminals will snitch. I personally see it as a sad but necessary sacrifice@@GPS08
Modern day robin hood! He stole from cryptobros and gave it to charity. Except of course most of that money actually goes to "administration" rather than actually helping people I'm sure.
Given the testimony they made against SBF, I understand why they took the deal, and I understand why they won’t go to jail. It fucking sucks I agree, but be real, SBF is and always was the crook, he just directed his cronies, many of whom expressed their displeasure and discomfort over what was going on. Then again, they stayed with the company, and stayed silent throughout all of it, knowing they would be culpable. I see your side completely, and I’m not excusing their actions. But if it got us a guilty verdict in 3 hours on all 7 counts, to be honest, I take the hit.
I'm not sure you appreciate the full extent of Bankman Fried's personality. He was the central ego here, who clearly instigated the vast majority of the criminal actions.
Yeah. I do not think the others would have done any of this without sam as the leader. Non excusable regardless but they were thrown a life vest and were actually smart enough to take it
Yo Coffeezilla, this was the video that led me to discover your channel. And man, it was one of the few times in which RUclips actually made a good recommendation. I'm not someone who has any interest in high finance in a general sense, but your investigative journalism and determination to expose people who take advantage of ordinary middle class people has me hooked. And your explanations are capable of helping even a dummy like me understand things. Keep fighting the good fight, man, we're behind you. ...Also, this video was the best possible introduction to Maxwell.
It's just wild that the fraud was so flippant and out in the open....and so, unprofitable. Like, how can you run your own trading firm and just lose all your money. If Alameda was a profitable venture then nothing bad would have happened, despite the fraud. Imagine if Caroline turned that 10 billion into 20 billion....or even 12. All the money would be there, and even if everyone withdrew, you still have your take.
Well he did play a part in bringing down one of the largest donators in the democratic parties entire existence. So i’d say he’s pissed off more than one “important” person.
It's great that Sam was found guilty, but I hope the people who testified against him don't get away clean in their plea agreements. There's a lot of blame to go around here.
As a CPA, those balance sheets make me want to claw my eyes out. The CEO is tossing together a balance sheet because they don't have a finance function. Insanity.
I kinda think she/they did startup accounting Ie fluff numbers to investors to get a better valuation. Happens in every startup just these guys were also thieves.
@@spacewalktraveller1 recognition can fall under various methods under Generally Accepted Accounting Principles. Purposely deleted line items associated with each other is definitely fraudulent.
One thing that hits me as we go over the celebrity endorsements and political contributions part of this is that, if you look at the actual gains and losses of the entire web of transactions, a bunch of celebrities and politicians walked away with a few billion dollars that no one is going to ask them to pay back. You laugh at the American political system and how much influence can be bought by so little, and then look at the number of financial, real estate and other scams that surround politicians and see how a tumor like FTX/Alameda can grow.
Why would it be "clawed away" from them? Moral considerations aside, they endorsed FTX/Alameda in good faith, the political contributions were basic lobbying and none of the celebrities lied with malicious intent (afaik - or at least until proven otherwise). There's no way anyone who accepted any of that money will have to pay any of it back.
Steal a million dollars and you go to jail, steal a dollar from a million people and you get boats and mansions and admiration of the democrats. I say claw the money back from the politicians at the very least. Those accounts are still open and accepting other monies.
@@NYJWR07 Clawbacks like this are actually extremely common in ponzi cases. Good faith or not, that money is stolen and isn't yours. There are plenty of cases where people invest company/public money in a ponzi, use the proceeds to improve stuff in illiquid ways, then have to pay it back when the ponzi goes bust.
SBF has 10x their notoriety combined. They will get lighter sentences because they struck deals with the prosecutors, and all the prosecutors cared about was absolutely nailing Sam.
It was quite annoying to see that there was a huge fraud and the guy responsible seemed to use PR gimmicks to get out of it. It's so good to see justice being served
@@Jabarri74hopefully that gets them to make lobbying illegal again because no one likes being paid with STOLEN Monopoly money. I wonder how many favors I can buy from a senator by giving them three or four unfunged monkeys
37:43 This part is so fucking cool because this is the exact lie that Coffeezilla caught SBF in during their fated third call when SBF threw a tantrum. 10/10 brother, all the credit where credit is due.
Well, of course. Even with Bernie Madoff, charities were forced to return their proceeds so it could be distributed back. That cannot be allowed to happen with politicians and their funds. AOC already whines that she's not yet already a multi-millionaire.
Anyone who dipped their hand into the customer account moneypot to buy themselves personal items should all be in jail regardless. Sure Sam got convicted but the monetary damage has still been done and a lot of people's lives were ruined because of him and his cronies.
It’s kind of crazy, but let’s take a moment to appreciate how much Coffezilla got right *before* it was professionally investigated by an entire government.
The amount of guys out there constantly in the media portraying themselves as some sort of genius who is single handedly changing the face of finance/science etc that then take the position of “I didn’t know what was happening until it was too late to fix” is hilarious
Dude the effort in this is crazy. You got yourself a new patreon supporter from the bubble bath scene lmao. Good job shining light in the dark places 🙏
I have read that Federal Court does not allow cameras. But I have also read this trial was not made public to protect the identities of the fraud victims. I don't know which is true. I think the public deserves to know the identities of millionaire "victims" who stored their money in an enterprise that specifically seeks to avoid government regulation of finance, but also wants government protection when their money gets stolen.
@@nunyabizness573 most of the victims were regular people. The politicians and celebrities who were paid out got their money before the collapse, and their identities weren't hidden. They were in the spreadsheets shown in this video.
Coffee, with someone with a heavy finance background I hate most finance RUclips channels. However, you and a few select others are honest, well planned, and entertaining. Thank you!
"He said he thought it was very effective, that you could get very high returns in terms of influence by spending relatively small amounts of money." He was absolutely right about that.
I mean, he said he wanted to give all his money away. Problem is he was so good he ended up giving other peoples money away along with his. How generous.
I was flabbergasted when I saw that balance sheet. I majored in accounting and finance, I spend my days staring at financial statements. I’ve never seen a balance sheet so utterly deplorable as that one. Like, what the fuck where they thinking? Whenever somebody tells me “accounting is easy if you’re good with numbers” I’m going to refer them to these financial statements created by Physics and Math grads with experience in Jane Street.
I'm a public accountant as well (almost cpa) and when you look at a lot of work of others, you do realize that there is a spectrum of skill in all fields; even if you have to be a professional, take hard exams, etc. There always will be good and bad people within each field.
@@koolrocker12they put absolutely no effort in those "statements". Even when committing fraud they didn't even try to make them look presentable. The sad part is that the people they sent those to looked at them and thought "oh yeah this is legitimate"...
@@robertluong3024 yes the poor and middle class are more likely to get ripped off. And if Sam had just left it at them he would not be going to prison. He brought the super wealthy into the scam and that was his downfall.
It's been a wild ride watching this channel grow over the last five years. Now it's at the forefront of finance journalism. If this is the new generation of investigative journalists, the future is looking a little brighter and maybe a little more fair.
I hope Caroline Ellison don’t get away from this. She was the head of Alemeda, took a huge loss and ran to his ex-BF SBF to cover, and complicit in the whole thing until there’s nowhere to run.
@@HickoryChip0I think people are overestimating how much that plea is actually worth. Sam's charges carry a max sentence of 110 years even with a plea Caroline could still be looking at 15+
It’s absolutely crazy that these people were in charge of billions of dollars. BILLIONS. Talking about it like lending your buddy 50 bucks, absolutely insane and absurd. What happens to the hundreds of millions they and their families personally made during the years of fraud, SBF parents got $10mm and a $16mm house, what happens to that? At the end of the day he probably will go to jail but a lot of people have made a lot of money from this fraud and will probably get to keep it
He thinks he’s so much smarter than he is. He thought he could talk his way out of this. Actually, using the same tactics implies he thinks they worked before.
My favorite thing was listening to the Michael Lewis podcast "Against the Rules with Michael Lewis: The Trial of Sam Bankman-Fried" because Michael Lewis is clearly still a fan of SBF and keeps being like "What could happen? Will he be found guilty?" but his other cohost and every guest he brought on were all like "Nah, This dude is guilty as fuck" lol.
Lewis describes Sam laying out his sociopathology in an almost textbook definition description of symptoms of antisocial personality disorder, and Lewis _still_ completely buys into the narrative that SBF is this totally cool chill guy.
@@jellywillreturn That's the thing, I thought Lewis would've already met several sociopaths like Sam before. I guess Sam's different because he looked like he tried to reconstruct morality from his broken understanding of it, which most Wall Street bros wouldn't bother with.
The video quality looks AMAZING btw coffee. I got a 4k OLED and this is the clearest video on youtube I've ever seen, you look like your right here in the room with me!
While Im happy to see Sam get time in the slammer, all of these people should be going to jail, they are all scammers, Sam is just being made into a fall guy because he was the big boss.
I love that we all have this big idea that these kind of things are complicated in intracate, it's just some scared employee deleting a line on a spreadsheet
"Just add this allow negative option, endless money!" The core of it is really so simple that the amount of other needless obfuscation is baffling. They took the till and lost it at the casino.
Remember that scene in Wolf of Wall Street where Jonah Hills character was deleting files on his computer pressing Delete and Enter on his computer and the FBI busting in?
SBF's Plan: Make everything so confusing no-one can pin him on any one thing Jury's Outcome: confused by everything, just make him guilty of everything
The guy who sold himself as the smartest man around tried to defend himself by saying he didn't know what was going on or what he was doing- that he was just some innocent schlub who trusted the wrong people. And then when he reached a situation where he couldn't "baffle them with bullshit", he showed that he's really not that smart at all. It might have gone the same way without your efforts, Coffee- but I'm glad we never had to find out. Keep up the good work!
@@OutrageIsNowNaw, Elon is on the spectrum, so he just simply doesn't get why people don't just do things they want to do. Luckily what he wants to do is ridiculous science stuff. Has he ever actually claimed to think of himself as overly smart?
The rest haven't been sentenced yet. Them getting no or little jail time is speculation at this point, but they 100% will face financial penalties and a ruined professional career, as well as possible probation (which would mean they get sent to jail if they fuck up even slightly with other illegal activities.)
@@republicansarepedos2If she gets a lessor sentence that the others involved in the plea deal perhaps, but lets not resort to sexism and bigotry just yet.
If it sounds too good to be true, it usually is. Also, never chase hype. Hype always comes either before or after any real opportunity has already sailed ship.
The fact that a scammer can look around the courtroom and see Coffeezilla just staring back at him, poetic justice
Logan Paul wakes up in hot sweats after having this nightmare every night
Had the exact same thought...👍🏻
Dude I had to pause the video multiple times because the idea of this is so fucking funny
If SBF was so smart he would have seen the writing on the wall and fled to Morocco or Cuba with his stolen money. Non extradition countries btw.
"Think of FTX like a plane." Yikes
The idea that Sam might've actually saw Coffee while at trial is hilarious af.
Can't get rid of coffee,even in prison🤣🤣🤣
I just love the idea of Sam looking over and seeing Coffee with an ear-to-ear grin while giving him one of of those little finger waves
He just sees a slight glance of him grinning evilly out of the crowd like it's The Omen or something.
Sam's mom yelled at Tiffany Fong outside the courthouse and she hasn't gone nearly as hard at Sam as Coffee has. That would have been interesting if she ran into Coffee instead.
@@TheS197Kingcoffee is money in prison 😂😂😂😂
Oh, the irony
If you were found guilty of financial crimes in a country that had the electric chair as a punishment the worst surname to have is Bankman Fried.
Now there's an underrated comment
*Edit* comment no longer underrated. Now rated.
Noice
Clever. 😂
I’m a gay man 👨
cool it with the antisemitic remarks
It's a sign of how bad things are when celebrity endorsement costs far more than bribing government officials.
Yep
People trust celebrities more than politicians, which imo, both are corrupt.
that's crazy how a youtuber was part of this whole criminal scam case
Proper props.
Please do Jason Shurka next
Coffeezilla is no common RUclipsr, don’t lump him in with the trash of the world
And not the one that's doing the scamming at that.
Bro right I’m sitting here like wth this is wild 🫣
The 40 million dollar penthouse! My boy moving up in the world. I still remember the humble ol’ days of the 10Million dollar studio.
😂
They grow so fast 🥲
let's hope he doesn't get consumed by his new wealth
Plot Twist - the penthouse apartment is in New Atlantis in Starfield, so he'll never find it.
@@MorbiusBlueBalls
"Lol," said the scorpion, "lmao"
Looks like Coffeezilla also took 40 million from FTX customer fund.
Sam Bankman-Fried's testimony is *exactly* why defense attorneys *rarely* let their defendant testify in these kind of cases. It almost never ends well.
It makes appeals harder as well
It was absolutely unreal. Had to have been some cruel joke.
Lawyers can't stop a defendant taking the stand. They can only advise against it. Hubris is generally why they take the stand to their detriment.
Trump being another glorious example.
@@apk1970sams media tour under house arrest was telling. He just can't shut up and stop incriminating himself
If I was the defense laywer I would just tell Sammy to start spinning on the stand and sing "I'm only human afterall"
"Don't put the blame on me"
@@ShreyDoshi2north Korea number 1 ! Good citizen go spread the word. But you aren't allowed to be here, delete account fast or kim jo g un will cry and then put family in jail forever.
@DieEineMieze i understand this is satire but lay of the Anti DPRK Propaganda
@@ShreyDoshi2what do you mean with propaganda?
@Admiral-General_Aladeen everything about north korea is western Propaganda and lies. The most lied about country on earth
It's hilarous to imagine Sam contemplating how much evidence against him existed, before looking up and seeing Coffee staring at him from across the room with a massive shit-eating grin on his face
Shit-eating grin and a wave 😂😂😂
nice pfp
@@TrulyAndasen why thank you 😁
Wearing a T-Shirt that says "I told you so."
Literally just that scene with Death in Puss in Boots 2
“I ain’t no snitch!”
“You’re looking at 115 years”
“It was Sam he did it and he made me commit illegal crimes!”
Woah, illegal crimes!? How low could he go!?
I don’t recall that one I don’t have the data right In front of me
@@TheKML777right that’s much worse than legal crimes
@@CowMaamI don't know about that. It is technically legal to put pineapple on pizza
@@CowMaam Legal Crime is how big business dodges taxes.
Coffee is legitimately one of the people showing RUclips's merit as a legitimate platform; he's now one of the leading investigative journalists in digital fraud.
Yet they choose to promote and defend the likes of SSSniperwolf who makes mindless content with zero value except as an ad sponge.
@@nathanielartosilla9110 As much as a I hate mega coorps unfortunately she does bring youtube more money than coffeezilla does, which ultimately is our fault (as the viewers) not youtubes.
He's not legitimate or virtuous. It's all an act.
@@user-fe8gx3ie5vname one claim he made in this video that wasn’t legitimate
No. It shows that there are legitimate people that can use it as a platform. Most of it is full of trash.
Imagine being born in the lap of privilege, to two highly educated and financially secure parents, with enough brains and connections to attend a prestigious university and have a 99.9% change of a highly lucrative career... and still deciding to commit FRAUD and scam people out of billions of dollars.
Now he could face over 100 years of prison (I'm pretty sure it's not going to happen, people like this always get out of jail early IF they even get such a sentence). He would deserve all of them just based on his arrogance and disrespect.
Guess we will see. I think a few of the Enron guys are still in prison.
How about others executive related? Say his ex-girlfriend, engineer.....
@@fuzeminttea9211 They'll have their fair share too
I think those background factors are entirely causal factors. It’s the feeling of entitlement and being exceptional and so the rules don’t apply.
My theory is that these people (SBF, Ellison, and the others heading up this fraud) have spent their whole lives hearing that they were 'special.' Look no further than SBF's parents, the quintessential Ivy Leaguers who have an air (a stench, actually) of superiority.
The now-famous story of SBF playing a game while on a call with VCs is another example of this attitude. SBF was not some genius who could multi-task; he was an arrogant ass who could not be bothered while playing a video game. (NOTE - gaming nerds and LARP'ers make terrible investment advisors)
He's Sam's worst nightmare. And the fact that Sam blatantly lied on stand and thought he did a good job.
Nah, Sam's worst nightmare will be a cell mate named Valentine that loves fuzzy headed boys ❤
@@Stash186 Why not both? 🤣
@@Stash186 knowing him he will get an al Capone jail cell
Just like coffee hinted, sbf likes to talk
I honestly would not doubt if SBF is on the spectrum
I admire Coffeezilla seeing this all the way through- even flying to NY. The man is dedicated!
Molly White also had good coverage and analysis of the trial on her Twitter account and newsletter.
Coffee has definitely already been hired by who knows how many agencies
Fraudsters start seeing him in their sleep once realizing they are too deep
@@gossamerglenn6714the Batman in Gotham effect
Not sure if he took the flying Lambo or not but I'm sure he traveled in style. 🥂
I read that at some point SBF was being so annoyingly evasive that, while trying to establish how he became CEO, the prosecution directly asked him "So did you just accidently become CEO?" and forced him to directly state how he got the role.
That man really is just absolutely insufferable, I swear to you. Every time he'd make some kinda vocalization I'd just think "uh oh! He's cooking up another fib fellas! Give him a bit!"
I cannot imagine how the jury must've felt hearing Sam open his mouth, there's something about his manner of speech that is incredibly irritating - though it's probably exacerbated by the fact that he's a lying, cheating, scamming scumbag.
LMAO
My smooth brain ass assumes he's the CEO since he was the one who founded it right? Or does it get complicated when investors come in?
@@Arcademan09 chews
I think when investors come in you have to vote. Unless you have the controlling shares (51%). Don't know. The main point was he just wouldn't admit he was willingly CEO. Like "gosh, shucks darn. I'm just a simple broker that was drafted into the position mister lawyer." @@Arcademan09
Update: He was sentenced to 25 years in prison
Only??
@@falconeshield only? 25 years can destroy a person
@@Dangerous_123-f1j not the rich and lets be real here its going to be reduced.
THE MANS NOT RICH! HIS ENTIRE NET WORTH CAME FROM OTHER PEOPLES MONEY WHICH HE SPENT AND THEN COILDNT GIVE BACK 😭😭😭
@@Dangerous_123-f1j considering the numerous lives of the the people he destroyed, 25 is fucking light.
It's not just SBF, it's not just Ellison. This whole business of pushing numbers around, but adding nothing to society needs to be pulled down with extreme prejudice.
If by "pushing numbers around" you mean fraud, I think most people would agree with that. I'm not sure that it needs to be said that fraud adds nothing to society though.
100%
See Jack Welch
@@qwaszx2I wonder why you don’t like coffee?
@@qwaszx2 They'd be good as currency, but when ppl started using them as investments - something money is not meant to be - it all went downhill
The entire trial just proves why defendants are _always told_ *never do interviews with anyone* after you've been charged. SBF was going to lose this case bcuz of the data trail, but him speaking in all those interviews just crushed any excuse he could've used in court
he was talking to the jury, part of his crazy defense. when defendants do this, its desperation: they've gotten nothing else.
Sam Bankman will face no consequences. The US will negotiate a deal with SB, stipulating that if he returns x millions and one dollar(he scammed billions, BTW), he can work from 9 am to 5 pm but must return to sub-jail (his home guarded by x police) after 6 pm. Verify my words after a few years.
Prosecutors decided to use Sam as a head on a stake when they saw the public had already decided he was guilty. Even if they figured out he didn't have bad intentions, they still would have convinced the jury he did.
Excuses like what?
Excuses like he didn't know he was doing anything illegal. Which is still actually a possibility. @@rainawareness1495
I can just imagine SBF and Coffee locking eyes in the ruckus and a moment of clarity hits him and he recognizes Coffee from his videos. I would pay a kings ransom to see that unfold. This trial is like watching the worlds shittiest super villains get sent to court.
Sounds like a moment from death note 😂
@@bermudav3348The Prison Note
World eaters lv of anger
misread 'locking' as 'licking'.
no regrets.
@@SianaGearzslurping an eyeball out of its socket and playing with It in your mouth.
can’t believe they would let sam testify, signed his own death warrant with that opening him up to cross. every time he “didnt recall” something the prosecution was more than happy to help jog his memory
Well. Look at it this way.
Say you're defence counsel, and you're of the opinion that as things are going, doing nothing means that you're *definitely* getting the guilty verdict.
In this situation, getting Sam to testify **literally can't make anything worse.**
@@diestormlie yeh it's basically damned if you do, damned if you don't (if the witness is guilty, has a huge ego and thinks people are morons anyway).
While pleading the 5th is not supposed to be counted against you, it looks incredibly bad to do so if there is a bunch of evidence against you that only you can really refute or defuse directly.
It sounds like he basically winged his testimony and didn't study or cross reference the publicly available interviews he had done or the evidence given at trial.
Damn, the prosecution really came out looking 1000x stronger than the defense.
Well the prosecution had a thousand witnesses and the defense had one, so it figures
No defense attorney is good enough to pull off a win in this case lol.
@@charlesandresen-reed1514 I agree
@@charlesandresen-reed1514haven't watching yet finished but seems like they could say that Caroline took advantage of Sam's trust although with 8 billion stolen it, it doesn't make you not guilty.
The idea isn't to win. It's to cause doubt
Wild how these people are playing around with more money than any of us will ever see in 100 lifetimes
They don't. None of it is real - as soon as you try to spend any of it, "billions in value wiped out"-headlines.
And not only that, they lost money when they controlled the exchange... They literally could have moved markets and they lost money...
Wild how anyone would see and listen to them speak and not see right away something shady and wrong was going on. I said SBF was a scammer months before the collapse. It was obvious just watching him speak.
Yet they manage to still be so dense
@@therealAirRover they did move markets lol...Do you remember how Solana overperformed market in jun-oct 2022
Wow, SBF is so humble and entrepreneurial-minded that he even tried to save money by hiring the worst possible defense attorneys. So admirable
Tbf, I don't think the lawyers had much to work with XD
Just like Trump
I misread the title of the video like this "The END of Scam Bankman Fried".
Let's face it, that is a pretty cool inmate-nickname.
Earn to give! 😂😂😂
He's just like us normal people! (getting absolutely fucking demolished in court after doing shifty shit)
24:29 as a former auditor, looking at these balance sheets are making me CRINGE. I cannot believe they thought they could pull this off lmao
Hilarious that Sam's initial defense of "Oh, I'm just a big dummy dumb-dumb who didn't have any idea what was going on and maybe I made some oopsie-doopsies" backfired so spectacularly 😂
And he always thought of himself as the smartest guy in any room.
Everyone's a genius until they get slapped out of their little bubbled reality.
Amusing , same excuse used by the trump spawn.
He wasn't too dumb to commit crimes. He was too dumb to shut up sbout all the crimes he was committing.
Yeah, imagine if he was telling the truth. That would suck.
Eh , Mr. Fread made the worst mistake. He lost rich people's money. If it was just poor people's money they'd have bailed him out.
I just can't get over that those spreadsheets that look like something a highschooler made to learn excel in 2008 are handling money on a scale most countries don't see.
Imagine back in the day when there were no computers and all accounting was written on a piece of paper.
@@woodlandwrench some of the oldest surviving documents in history are ledgers made before even arabic numerals, and even paper, were around, and they're still more thoughtfully put together lmao.
That’s not true at all.
As an accountant that worked at a bank and other financial services, we do a fair bit of analysis on Excel pulling off data from different systems that hold ledgers. Tech hasnt evolved this much when it comes to data bases. The focus was on improving phones where the most money was to be made
@@slowbrofist And Glassdoor-style company reviews.
"Ea-Nasir sells low quality copper. Do not buy! 1/5"
Here's a simple rule to follow if you're ever accused of any crime: Exercise your right to remain silent. Unplug social media, talk to no one except your lawyer, and do not attempt to set the record straight in an interview before the trial. The words "Anything you say can and will be used against you in a court of law" apply not just to anything you say while being arrested, but anything you say at any place at any time, including posts to social media. It is amazing how often people forget that.
Everyone else immediately shut up and lawyered up. SBF just dug his hole deeper and deeper every time he opened his mouth.
@@raddaks2039 Just like Elizabeth Holmes with Theranos, SBF was convinced that he could talk his way out of all of it. Honestly, I can't blame him: Up until the FTX collapse, everyone believed every lie he told. He basically lied billions of dollars into existence before it all came crashing down, and if you can do that, why wouldn't you believe your lies have more weight than the overwhelming evidence of your guilt?
Everyone should tape a copy of this to their bathroom mirror, and memorize it.
I'm sure his lawyers advised the fool about all of that and he ignored them. Clients do it to themselves.
Yea it's precisely why whenever cops get into any serious trouble -> they know to not talk to other cops/investigators and they immediately lawyer up. Cuz they know from experience that jail/prison is absolutely filled with people who thought they could outsmart their investiators and instead just talked their way into a locked cell. But with multiple people involved and the overwhelming pressure/incentive to testify first and not end up left holding the bag = makes it a lot harder in actual practice!
"is it a real number?"
"no."
"so it's complex?"
"yes."
Quality math joke right there! This deserves more love!
I'm pretty sure it was completely imaginary...
There was definitely some imagination going into those numbers. 😂
LMFAO
Man, it's crazy how people started doing crypto partly because "banks are evil and greedy" and look what's happening left and right.
Crypto (once the golden hope of some of us) has become so full of scammers and fraudsters like SBF and company that it cannot be anything but the biggest scam of the last thirty years. Too bad; we have no hope left. The Federal Reserve creating endless debt leaves us with inflation stealing our purchasing power. Crypto-Currency is doing just the same. We're doomed, people. Watch your life savings go up in smoke, either way.
Regulation of these centuries old financial institutions doesn't work, so we're going to take our money out and give to random upstarts with no regulation, no credentials or accountability whatsoever 😂
@@jhutt8002when you put it like that I mean what could possibly go wrong!!!!!
@@rolandprat9648 and the same people who shout out the massive benifits of crypto and how it's going to replace fiat currency suddenly want accountability and regulations when they get rugged and lose all their money!
not everything is black or white
Even after all this, my mind still boggles at these people talking about ‘billions’ in the same off-hand way me and my buddies talk about $20 notes.
bro its the same, just add plenty zeros :D
As much as I disliked what SBF did, he could have not done it alone. Those who testified against him and had their share of fraudulent behaviour should get some sort of consequences too, regardless of their testomony.
Leadership isnt a privelage, it's a burden and a responsibility. Everything that happened was because of Sam's decisions at every step of the way. Everyone who acted imorally did so because of situations he put them in and advice he refused to heed. Additonally, nobody made him lie like a toddler with pie smeared all over his face and hands about how he doesnt know what happened to the pie. Sam is on another level in this, the others are just weak.
@@zambo6453 - It doesn't matter. Regardless of who the ring leader is, those who acted in behalf of him are also guilty. He should be facing the toughest consequences, but his lacky's should also suffer some sort of punishment. SBF didn't hold a gun to their heads to commit these crimes. They knew exactly what the goal was and helped him achieve those ends. The guy that bought a 3.4 million home with the stolen funds was also because SBF put him into that kind of situation? Give me a break. They all benefited from this, so let's not act like they're completely innocent.
well yes and no tbh, on one hand you are right it sucks that they didn't have to face the consequences on their action, on the other... this is one of the only ways to get criminals to turn on each others. The more you make confessing looks like a "get out of jail free card" the more criminals will snitch. I personally see it as a sad but necessary sacrifice@@GPS08
SBF single handedly destroyed faith in Crypto. Gold is the now the future.
@@zambo6453tell that to the Nuremberg trials.
SBF truly is a great effective altruist. He singlehandedly managed to give millions of people the sweetest case of schadenfreunde.
Modern day robin hood! He stole from cryptobros and gave it to charity.
Except of course most of that money actually goes to "administration" rather than actually helping people I'm sure.
Seeing these frauds skinning each others and pushing each others down under the water to remain afloat is why I am following this whole case.
when scammers are scamming scammers scamming scammers causes the first scammer company to fall apart
@@areyouseriousholmesadd a coma cuh
@@D4llastnah cuh it makes more sense this way
Cuh how could it make more sense with syntax errors
@@D4llast "Cuh" and "syntax errors" in the same sentence is hilarious
I hate that the other 3 people who stole billions are expected to get zero jail time.
EXACTLY!!!
They made SBF the scapegoat, he was the figurehead after all.
Given the testimony they made against SBF, I understand why they took the deal, and I understand why they won’t go to jail. It fucking sucks I agree, but be real, SBF is and always was the crook, he just directed his cronies, many of whom expressed their displeasure and discomfort over what was going on.
Then again, they stayed with the company, and stayed silent throughout all of it, knowing they would be culpable. I see your side completely, and I’m not excusing their actions. But if it got us a guilty verdict in 3 hours on all 7 counts, to be honest, I take the hit.
I'm not sure you appreciate the full extent of Bankman Fried's personality. He was the central ego here, who clearly instigated the vast majority of the criminal actions.
Yeah. I do not think the others would have done any of this without sam as the leader. Non excusable regardless but they were thrown a life vest and were actually smart enough to take it
Sam's biggest kryptonite was a situation where someone could present evidence.
More like a situation where there's 10 prosecutors trying to use you to send a message to everyone else.
@@NickKautzSurely. You. Jest.
Haha so funny
Was the message that if you are rich enough you can escape consequences?
If it was , Sam proved it wrong.@@Delapadation
Yo Coffeezilla, this was the video that led me to discover your channel. And man, it was one of the few times in which RUclips actually made a good recommendation. I'm not someone who has any interest in high finance in a general sense, but your investigative journalism and determination to expose people who take advantage of ordinary middle class people has me hooked. And your explanations are capable of helping even a dummy like me understand things. Keep fighting the good fight, man, we're behind you.
...Also, this video was the best possible introduction to Maxwell.
No one cares
@@poser224 i did
@@poser224 same, you spund pretty sad
@@poser224That's why you're a poser...
It's hilarious how everyone pointed the finger, thus proving that there is indeed a severe lack of honor amongst thieves 😂😂
even the best of friends will turn on each other when it comes to jail time.
Might as well do this crime with actual gangsters, at least they wont snitch lmao
@@floydmoney2164with gangsters? Sir I could name you 10 “gangsters who snitched” they all. Snitch lol
@@floydmoney2164 there's lots of gangster flicks that have a theme that when it comes down to it, they'll snitch to save their own bacon
It's just wild that the fraud was so flippant and out in the open....and so, unprofitable.
Like, how can you run your own trading firm and just lose all your money. If Alameda was a profitable venture then nothing bad would have happened, despite the fraud.
Imagine if Caroline turned that 10 billion into 20 billion....or even 12. All the money would be there, and even if everyone withdrew, you still have your take.
Protect this man, he’ll probably anger someone important one day
Definitely
Well he did play a part in bringing down one of the largest donators in the democratic parties entire existence. So i’d say he’s pissed off more than one “important” person.
@@FormerGovernmentHuman😂 as long as it's involving politicians danger isn't a new thing
@@FormerGovernmentHumanAlso gave money to Republicans via Dark Money and Super PACs.
@@FormerGovernmentHumanhe gave just as much money to republicans.
It's great that Sam was found guilty, but I hope the people who testified against him don't get away clean in their plea agreements. There's a lot of blame to go around here.
They're not getting away clean. They're still going to prison.
I's like any other case like this. You give deals to get to the guy at the top.
Every single one of them is going to jail.
They aren't getting off clean, either - the plea deal reduced their prison sentences, but didn't eliminate them altogether.
@@D4llast tell us youre a teen-ager without saying it
Nah he’s right, even the judge is going to jail 😂
This was a weird video to confirm Maxwell is waterproof, but I’m not complaining
Bubbles don't count. They are except from requiring waterproof-ness.
As a CPA, those balance sheets make me want to claw my eyes out. The CEO is tossing together a balance sheet because they don't have a finance function. Insanity.
Sam shouldn’t be the only one they threw the hammer at…. house of a thousand jackals😏
What is a cpa?
@@tootallforyou112chartered professional accountant
@@tootallforyou112certified public accountant.
Those balance sheets seemed to be the catalyst to this whole thing falling apart.
As someone who works as an Internal Auditor, Caroline’s accounting fraud infuriates me. These kinds of people are what give accountants bad names
I thought accountants was what gave accountants a bad name. She didn't help though.
I kinda think she/they did startup accounting
Ie fluff numbers to investors to get a better valuation. Happens in every startup just these guys were also thieves.
Just go and look at any big corporation books, and you'll see all sorts of financial shenanigans.
@@spacewalktraveller1 recognition can fall under various methods under Generally Accepted Accounting Principles. Purposely deleted line items associated with each other is definitely fraudulent.
She needs to be in jail.
One thing that hits me as we go over the celebrity endorsements and political contributions part of this is that, if you look at the actual gains and losses of the entire web of transactions, a bunch of celebrities and politicians walked away with a few billion dollars that no one is going to ask them to pay back. You laugh at the American political system and how much influence can be bought by so little, and then look at the number of financial, real estate and other scams that surround politicians and see how a tumor like FTX/Alameda can grow.
Most of that money can probably be clawed back. You don't just get to walk away with proceeds from fraud even if you're not the perpetrator
Why would it be "clawed away" from them?
Moral considerations aside, they endorsed FTX/Alameda in good faith, the political contributions were basic lobbying and none of the celebrities lied with malicious intent (afaik - or at least until proven otherwise).
There's no way anyone who accepted any of that money will have to pay any of it back.
Steal a million dollars and you go to jail, steal a dollar from a million people and you get boats and mansions and admiration of the democrats. I say claw the money back from the politicians at the very least. Those accounts are still open and accepting other monies.
100% of celebrity endorsements are worthless, but people are continuously swayed by them.
@@NYJWR07 Clawbacks like this are actually extremely common in ponzi cases. Good faith or not, that money is stolen and isn't yours. There are plenty of cases where people invest company/public money in a ponzi, use the proceeds to improve stuff in illiquid ways, then have to pay it back when the ponzi goes bust.
This was a textbook example of solid reporting, solid pacing, solid explanation, no little details undefined, all around SOLID, kudos Coffee
It's disgusting that Nishad Singh, Caroline Ellison and Gary Wang will go free. These despicable human beings deserve the same punishment as SBF
I seriously doubt they will. Being cooperative MIGHT get them a lighter sentence, but that's entirely up to the judge.
One got fried, the others poured oil and lit up the pan.
SBF has 10x their notoriety combined. They will get lighter sentences because they struck deals with the prosecutors, and all the prosecutors cared about was absolutely nailing Sam.
They were just following Orders- just like some Nazis said
At least they show some level of remorse. SBF just sits there pretending like nothing's wrong
Your role in elevating public awareness cannot be understated. Thank you!
Mans got tegridy
He won't stop the scams, lol. I watch it to get inspiration.
Cannot be _understated_ ... ?
@@SloverOfTeuthright, overstated*
Top ten accidental disses:
I LOVE that these cases coffee has been working on are finally getting prosecuted. It give him so much more credibility
Logan Paul NEXT!!
He’s stacking cases. First Machinski, then SBF, now Safemoon and CZ getting pulled into the spotlight. It’s pretty based ngl
@@MisterBones69Don't forget Mazini.
Don’t forget about Kast Media and Colin Thompson!
@@MisterBones69Where can I read or watch Coffees takes on SCAMmoon?!
The prosecution really made him read his note out loud to the crowd, absolutely brilliant
only coffee can make a 40 minute video seem like 5 minutes and leave you wanting more.
real
There’s def others
He’s the perfect teacher
His videos are very well structured in that regard, but there are quite a few other gems of channels that are great at this as well!
Felt way too long. Did not need to be too long.
Caroline: “I didn’t want to be dishonest, but I didn’t want them to know the truth.”
Translation: “I wanted to be dishonest.”
Such an insane sentence isn't it 😂 glad someone else noticed
I mean, insane, but also I get it. She felt like telling them the truth wasn't an option, but she also hated lying.
Cognitive dissonance is a bitch
"I wanted to be dishonest, but I didn't want to seem dishonest."
It’s “I didn’t want to lie, but I also didn’t want to go to prison”.
women ☕️
It was quite annoying to see that there was a huge fraud and the guy responsible seemed to use PR gimmicks to get out of it. It's so good to see justice being served
I mean that's what basically every company in the US does.
Political donations and just throwing money around gets you special protection. Be interested to see if he gets parole
@@Jabarri74hopefully that gets them to make lobbying illegal again because no one likes being paid with STOLEN Monopoly money.
I wonder how many favors I can buy from a senator by giving them three or four unfunged monkeys
If only they would cook Trump in his fraud trials just as hard.
It hasn't been served yet. See how much/little time he gets. And watch the politicians still keep every illicit penny they got from those twerps.
37:43 This part is so fucking cool because this is the exact lie that Coffeezilla caught SBF in during their fated third call when SBF threw a tantrum. 10/10 brother, all the credit where credit is due.
I envy you - you’ve truly found your calling, your purpose, and you’re KILLING IT!
Yes, I envy that too. I'm lost too, like so many of us.
There is an unfinished story here. Why did the DA drop all the campaign finance charges? Politicians are being protected.
Well, of course. Even with Bernie Madoff, charities were forced to return their proceeds so it could be distributed back. That cannot be allowed to happen with politicians and their funds. AOC already whines that she's not yet already a multi-millionaire.
What? Politicians being protected? Politicians scheming? Corrupt politicians?! No way, impossible!
Same reason Epstein "deleted" himself.
And RUclips is hiding comments again, nice cant see any of the replies
It's all part of "being in the Big Club".
Obviously, SBF's big mistake was to not play video games while under cross examination.
😂😂
The jury would have sentenced him to 200 extra years after they saw him feeding mid in bronze league
@@rq4740”The court finds the defendant Sam Bankman Fried guilty on charges of fraud, conspiracy, embezzlement and being mid af at val.”
@@rq4740"Your Honor league of legends"
"Death"
I love how all his pictures on google changed after he was caught out, went from business suits and smiles to raggedy shirt and fraud taglines
Anyone who dipped their hand into the customer account moneypot to buy themselves personal items should all be in jail regardless. Sure Sam got convicted but the monetary damage has still been done and a lot of people's lives were ruined because of him and his cronies.
His cronies include Chase Bank and Kevin O’leary. Put them in the same prison as their pal Jeffrey Epstein.
That's where the civil cases come in. The parents are probably going to have to give back their properties to pay customers.
They need criminal charges because they committed a CRIME. His parents need to be in jail!
They all picked up criminal charges trust me. The indictments are still sealed.
Whoa. Is that cut and dry piercing the corporate veil?
It’s kind of crazy, but let’s take a moment to appreciate how much Coffezilla got right *before* it was professionally investigated by an entire government.
Here here !!
it was many people like the ones who found their onchain addresses and balance sheets. all just average joes
The amount of guys out there constantly in the media portraying themselves as some sort of genius who is single handedly changing the face of finance/science etc that then take the position of “I didn’t know what was happening until it was too late to fix” is hilarious
Dude the effort in this is crazy. You got yourself a new patreon supporter from the bubble bath scene lmao. Good job shining light in the dark places 🙏
Copying heckle fish?
Groundbreaking
This trial not being public was a crime
Judge Kaplan HATES theatrics and wasn't about to risk them from the defense/defendant.
I'm elated we now get the exhibits though!! 🎉
It's a federal court, they usually don't allow video or photography
I have read that Federal Court does not allow cameras. But I have also read this trial was not made public to protect the identities of the fraud victims. I don't know which is true. I think the public deserves to know the identities of millionaire "victims" who stored their money in an enterprise that specifically seeks to avoid government regulation of finance, but also wants government protection when their money gets stolen.
@@nunyabizness573 most of the victims were regular people. The politicians and celebrities who were paid out got their money before the collapse, and their identities weren't hidden. They were in the spreadsheets shown in this video.
@@nunyabizness573 avoiding government regulation of finance, but also wanting government protection is also the essence of the SVB collapse.
I really hope that more crypto scammers start joining him in jail.
some suffered worse fates
Forex trader gurus too
logan paul
Coffee, with someone with a heavy finance background I hate most finance RUclips channels. However, you and a few select others are honest, well planned, and entertaining. Thank you!
Who do u like?
@@somethingginterestingg4275 I'm not OP, but I like Patrick Boyle the most
Same question heree!!
I would be really interested in youtubers you actually respect in that field. People like me can't really tell who is legitimate and who is not.
Give us the secret sauce please
"He said he thought it was very effective, that you could get very high returns in terms of influence by spending relatively small amounts of money." He was absolutely right about that.
I feel like the day his parents named him Scam Bankrun Fraud, his fate was sealed. Glad to see a just verdict.
You don't even need to change Bankman lol
Scam Bankman-Fried. Just change Sam and you get a clearer joke.
I mean, he said he wanted to give all his money away. Problem is he was so good he ended up giving other peoples money away along with his. How generous.
🤣🤣🤣
It was all Sam's money . Money does not have a home . 😂
Wasn't expecting a 49 min coffeezilla video! Fuck yeah Stephen!!!! Killing the game.
facts my thoughts exactly
24, 2x the video
@@ChristoferPezetLol👎
saur stoked brah
50*
Oh to be a fly on the wall to see Sam realize that Coffee was at his trial
Can we also give props to Coffeezilla who is also one of the "big players" in taking SBF down?
Where in this video did you ever get that impression?
@@bezllama3325Coffee interviewed Sam a year ago.
@@unknowncat5000 I mean yeah but people already knew he was a scamming scumbag by that point.
@unknowncat122 and you really think that made him a “big player” in sbf getting “taken down”
100%
Making Sam himself say "fuck regulators" is wild. I've never seen that strategy, but holy shit it works lmao
its very common to make the person readback what is written to ensure it sticks with the jury and is on record
As a CPA, this whole situation has given me an immense amount of job security
I was flabbergasted when I saw that balance sheet. I majored in accounting and finance, I spend my days staring at financial statements.
I’ve never seen a balance sheet so utterly deplorable as that one. Like, what the fuck where they thinking? Whenever somebody tells me “accounting is easy if you’re good with numbers” I’m going to refer them to these financial statements created by Physics and Math grads with experience in Jane Street.
I'm a public accountant as well (almost cpa) and when you look at a lot of work of others, you do realize that there is a spectrum of skill in all fields; even if you have to be a professional, take hard exams, etc. There always will be good and bad people within each field.
AI has entered the chat
@@koolrocker12they put absolutely no effort in those "statements". Even when committing fraud they didn't even try to make them look presentable. The sad part is that the people they sent those to looked at them and thought "oh yeah this is legitimate"...
Still blown away that no one thought twice about a dude that looked and behaved like a gremlin whose name sounded like “Scam Bankrupt Fraud”
Well the last one was named Made off .... with the money 😂
Ok I laughed out loud at the "is it a real number?" "No." "So it's a fake number?" "Yes."
How many comments do you need to post?
@@Ryan-wx1bimoAr
Yeah having sat in a courtroom before, there’s a TON of redundancy in what they say. I guess to make sure the jury remembers.
I wonder if answering "yes", with the meaning of "it's not a complex number" would be perjury.
@@Ryan-wx1bi Lmao. 3 comments? Can you count to 3?
He broke the Secret Rule of Con-Artistry: you can not rip off wealthy people.
Ask Bernie Madoff.
Bernie Madoff turned himself in though, he only ripped off wealthy people.
But ripping off poors would feel bad :(
Bernie Madoff got 150 years in prison.
Just a symbolic gesture at that point.
Sam didn't read the writing on the wall on who you're allowed to scam.
I thought a lot more middle class and poor got ripped off?
@@robertluong3024 yes the poor and middle class are more likely to get ripped off. And if Sam had just left it at them he would not be going to prison.
He brought the super wealthy into the scam and that was his downfall.
It's been a wild ride watching this channel grow over the last five years. Now it's at the forefront of finance journalism. If this is the new generation of investigative journalists, the future is looking a little brighter and maybe a little more fair.
This is the most professional t-bag you will ever see.
I hope Caroline Ellison don’t get away from this. She was the head of Alemeda, took a huge loss and ran to his ex-BF SBF to cover, and complicit in the whole thing until there’s nowhere to run.
She took a plea deal and squealed on SBF
More reason why no one should hire Harry Potter wannabe as CEO.
@@HickoryChip0I think people are overestimating how much that plea is actually worth. Sam's charges carry a max sentence of 110 years even with a plea Caroline could still be looking at 15+
His ex-bf?
@@stormryder4305Who? Samkman or the Gollum girl?
Law enforcement should put Coffeezilla on the payroll.
They can’t afford him
he only goes after crypto . he scare to talk about corporations or goberment@@therooster2834
He is too honest to be on anyone’s payroll 😂
@@fatherandsonbaseball this. Just fund the man, making him part of the system will only do harm to coffee
Bro, it's called Patreon 🙄
It’s absolutely crazy that these people were in charge of billions of dollars. BILLIONS. Talking about it like lending your buddy 50 bucks, absolutely insane and absurd. What happens to the hundreds of millions they and their families personally made during the years of fraud, SBF parents got $10mm and a $16mm house, what happens to that? At the end of the day he probably will go to jail but a lot of people have made a lot of money from this fraud and will probably get to keep it
The parents are being sued by the person handling the bankruptcy
That’s how neoliberal capitalism works. It’s one big ass scam.
zero chance the parents walk free from all of this. All of their assets and money going to get picked over with a fine comb
@@speedyg123. Agreed. You don't scam the IRS
They’ll prob get to keep it. Which sucks
This level of production is top notch!! Amazing work. It keeps getting better. THANKS. Greetings from South America.
Amazing how sam used the same sad tactics in court that he tried to use against coffee, faking ignorance and diverting attention
He thinks he’s so much smarter than he is. He thought he could talk his way out of this. Actually, using the same tactics implies he thinks they worked before.
It's his only method of self defense. Tried and true. In sending himself into trouble that is.
Doing the same thing over and over again expecting different results? That's insanity.
I love the fact that Sam showed up to his first day in court with a colorful backpack and left without it.
Classic lawyer move to make the defendant seem hip and relatable.
@thetman0068 the lawyers wanted to make him look like some dumb kid who got in over his head , rather than a calculating criminal
I wonder what was that backpack was full of.
crap
@@nomaad000he wouldn't know, it was an Alameda backpack.
My favorite thing was listening to the Michael Lewis podcast "Against the Rules with Michael Lewis: The Trial of Sam Bankman-Fried" because Michael Lewis is clearly still a fan of SBF and keeps being like "What could happen? Will he be found guilty?" but his other cohost and every guest he brought on were all like "Nah, This dude is guilty as fuck" lol.
....and the parents
Lewis describes Sam laying out his sociopathology in an almost textbook definition description of symptoms of antisocial personality disorder, and Lewis _still_ completely buys into the narrative that SBF is this totally cool chill guy.
@@fluidthought42To "financial journalists", a sociopath *is* a totally cool, chill guy.
@@jellywillreturn
That's the thing, I thought Lewis would've already met several sociopaths like Sam before. I guess Sam's different because he looked like he tried to reconstruct morality from his broken understanding of it, which most Wall Street bros wouldn't bother with.
The video quality looks AMAZING btw coffee. I got a 4k OLED and this is the clearest video on youtube I've ever seen, you look like your right here in the room with me!
Your work has saved thousands of people millions of dollars. Thank you, Coffee.
And Millions of people thousands of dollar
What a fantastic work of journalism. Absolute hats off, Coffee! You were ON this case like noone else.
While Im happy to see Sam get time in the slammer, all of these people should be going to jail, they are all scammers, Sam is just being made into a fall guy because he was the big boss.
Well they arent in the clear so to speak but they are getting a great deal out of their cooperation to say the least
Getting a deal doesn’t mean they will go free. Just means a lighter sentence. Which is pretty fair
no, people should be able to sell their images and influence.
Most of them are going to jail. And calling Sam Fried a fall guy is just bizarre.
Ah yes, the CEO who went on TV and social media to lie about the state of his company is a "fall guy". Hitler was just a fall guy too
My grandson shot me the link to your channel. Well done and so interesting. Thanks❤
I love that we all have this big idea that these kind of things are complicated in intracate, it's just some scared employee deleting a line on a spreadsheet
"Just add this allow negative option, endless money!"
The core of it is really so simple that the amount of other needless obfuscation is baffling. They took the till and lost it at the casino.
Remember that scene in Wolf of Wall Street where Jonah Hills character was deleting files on his computer pressing Delete and Enter on his computer and the FBI busting in?
Exactly my thoughts
i think that's the thing: it's easy to conceal, if he wasn't so greedy i wouldn't raise so many red flags. it's a case of human stupidity
Let's take our imaginary hats off to this man who through his content is able to do virtuous things
Bold of you to assume my hat isn't real.
damn right!
Should be an inspiration to some of these other 'content creators' out here
@AliensAreNoobs do we choose our Internet hats or are they assigned at birth?
Your lighting and background developers deserve a raise man, great work
It's a 10 mil studio 😂😂
@@rushrush6754*40 million dollar Bahama penthouse
you're one of the greatest investigators of our time, keep it up 😀
SBF's Plan: Make everything so confusing no-one can pin him on any one thing
Jury's Outcome: confused by everything, just make him guilty of everything
Del with ir.
The guy who sold himself as the smartest man around tried to defend himself by saying he didn't know what was going on or what he was doing- that he was just some innocent schlub who trusted the wrong people. And then when he reached a situation where he couldn't "baffle them with bullshit", he showed that he's really not that smart at all.
It might have gone the same way without your efforts, Coffee- but I'm glad we never had to find out. Keep up the good work!
Same as Elizabeth Holmes-from “college dropout genius” to “I have no idea what’s going on in my company ever!” Scam as old as time
Sounds like Elon
We know what happens to people who are actually the smartest guy in the room. They get Snowden'd
@@OutrageIsNowNaw, Elon is on the spectrum, so he just simply doesn't get why people don't just do things they want to do.
Luckily what he wants to do is ridiculous science stuff.
Has he ever actually claimed to think of himself as overly smart?
@@blackjackjester he does the things he does because he’s a spoiled rich kid who surrounds himself with sycophants
Kinda makes me sick anyone in the jury was “moved” by ellisons testimony and crying. She’s just as guilty. Shame she doesn’t get 20-30
Who's to say she hasn't? She entered a plea deal but that doesn't mean she gets off Scot-Free
Wahmen power. Say it like it is. Stop trying to protect your mother or sister. They aren't special.
The rest haven't been sentenced yet. Them getting no or little jail time is speculation at this point, but they 100% will face financial penalties and a ruined professional career, as well as possible probation (which would mean they get sent to jail if they fuck up even slightly with other illegal activities.)
@@republicansarepedos2If she gets a lessor sentence that the others involved in the plea deal perhaps, but lets not resort to sexism and bigotry just yet.
@@republicansarepedos2 you’re special
Well done dude. You have broken down a very complicated topic into very understandble words. Excellent.
Dude. We all remember when you were able to trap Sam into admitting that he treated FTX money and Alameda money as the same. EPIC. What a legend!
This entire year the biggest lesson I learned is never, ever trust anything an Effective Altruist has its fingers in.
Their whole shtick is just "allow us to make billions so we can donate millions".
If someone feels they have to tell you they are altruistic or truthful ...
Gtav gave us all we needed to know in the story line 😂
If it sounds too good to be true, it usually is. Also, never chase hype. Hype always comes either before or after any real opportunity has already sailed ship.
end of the day they just want to steal your money.
This is what real journalism looks like, great work coffeezilla
I'm not sure how Sam's defense, and Sam himself, could say half the shit they said without even the slightest hint of embarrassment.