‘Sam Bankman-Fraud’: Fallen crypto king found guilty on all counts
HTML-код
- Опубликовано: 1 ноя 2023
- After a month-long trial, the jury deliberated for just 4.5 hours before convicting FTX founder Sam Bankman-Fried on charges of fraud and conspiracy. Stephanie Ruhle joins Chris Hayes to discuss.
» Subscribe to MSNBC: on.msnbc.com/SubscribeTomsnbc
Follow MSNBC Show Blogs
MaddowBlog: www.msnbc.com/maddowblog
ReidOut Blog: www.msnbc.com/reidoutblog
MSNBC delivers breaking news, in-depth analysis of politics headlines, as well as commentary and informed perspectives. Find video clips and segments from The Rachel Maddow Show, Morning Joe, The Beat with Ari Melber, Deadline: White House, The ReidOut, All In, Last Word, 11th Hour, and Alex Wagner who brings her breadth of reporting experience to MSNBC primetime. Watch “Alex Wagner Tonight” Tuesday through Friday at 9pm Eastern.
Connect with MSNBC Online
Visit msnbc.com: on.msnbc.com/Readmsnbc
Subscribe to the MSNBC Daily Newsletter: MSNBC.com/NewslettersRUclips
Find MSNBC on Facebook: on.msnbc.com/Likemsnbc
Follow MSNBC on Twitter: on.msnbc.com/Followmsnbc
Follow MSNBC on Instagram: on.msnbc.com/Instamsnbc
#msnbc #sambankman #crypto
Now they need to go after his parents since all their involvement has come to light during the trial.
They committed election fraud as well!
Government doesn’t move that fast but Wall Street is so insulated I doubt daddy will be investigated
Jews. What did you expect?
@bs. Notice .. they can’t leave Trump out of the report ! It’s amazing .
@@davidhooper259, I thought he's a Professor of some sort, the Father, I mean.
Now to hold other corporations and politicians accountable.
Yep. Time to go after Biden.
@@tomorr7176 we won’t need to soon when Trump gets in. That’ll all be redundant.
@@tomorr7176 if Biden broke the law he should be held accountable just like trump.
😆I wouldn't recommend holding your breath on that one.
@@ge2623 seriously. Will never happen, sadly.
Prosecutor said it best. "Crypto may be new, but fraud is as old as time"
While it's a terrible thing to lock people away for the rest of their lives, some people just earn it.
Homie embezzled billions of dollars. That would definitely do the trick hahaha
He worked hard to earn that sentence
But he's innocent
i'm scared filling out the paper work on a credit card wrong. Bro took billions of dollars like it was nothing
@BLUEGENE13 he took tons of people's live savings, but all was not lost, my aunt had 50k tied up in FTX and she did get her money back a few months ago.
About time these con artist are held accountable
He was able to con a lot of people, then take the money and fund Democrat campaigns. They'll need another source because between him and BLM they are unable to hide their dark money.
Jews. What did you expect?
Everyone who works in finance? Yeah.
The only time they’re held accountable is when they steal from the rich
Like Madoff
id wait to say that until sentencing..
The jury did a great job. Justice was served. SBF’s parents should also be prosecuted. Hard to believe they weren’t part of the fraud when a Bahamas mansion was in their name.
People seriously do the least and seriously think they are geniuses when they don't see this coming. Remember Marcus Shkreli?
Gotta have irrefutable evidence. No maybes.
hahaha Exactly the opposite of what you all were saying when you knew he was a democrat. hahahaha
All the donations to Democratic candidates need to be recovered.
@@brendathomas7173Republicans too, he donated to both parties
Now that's ACCOUNTABILITY!! 💯%
👍👍👍 💢 💢
Thank you to the prosecutors and to the jury.
I can't believe justice has been served in the US
He's not in jail yet
why not? 90s, 2000s, 2010s , lots of different prosecutions and they followed through. i have respect for that. consider you may have a bias that's too broad (they, government, globalists)
cheers
His parents should be on trial!
His GFs dad worked for the Treasury I think
His mom worked for the Democrats also corrupt
Why?
He’s a grown man. His actions are his own
Candace and ap because they were directly involved in hiding money. They benefited from the fraud
Mark Cuban was the first person I remember who said, "Sam Bankman was in big trouble if the rumors were true". Mark was right.
Cuban is a left wing hack.
I guess you never heard of coffeezilla then.
My roommates, friend's nephew said it before Mark Cuban did.
Mark guesses a 50/50 scenario. What a brilliant mind.
Maybe he should have let Kevin O'leary know what's up, if you think he knew so much.
Three years ago everyone was talking this guy up as a money market wizard. The confidence people had in him was reflected in the amount of money they invested. This ‘talk it up’ market mentality has one outcome and we know what it is. He was talked up as a genius who knew more than anyone else. This is the price of believing your own BS.
And that’s not limited to Sam Bankman Fraud either. It applies to his followers who swallowed it whole.
The confidence people had in him was reflected in the amount of money they invested !! What confidence? like virtual confidence, or is there even anything physically or how do investor get any benefits, FROM WHERE?
Yes, the hype was stratospheric. SBF is (not was) the face of crypto. There is no difference in the fundamentals of Bitcoin or FTT, other than Satoshi remains at large - safety an international mystery. It’s all fraud.
Accountability looks so good on America for a change.
This is what happens when hubris meets narcissism
It takes a lot of hubris to use the word hubris in a sentence. Even more so twice.
@@brailrice indeed!
DANG!! The jury didn't even stick around for the free pizza. 🙊
"12 mildly annoyed men"
😮😂😅
funny 😁
They probably had come to a decision in 15 minutes but decided to wait for the pizza and really savor the flavor.
@@avegaiii having been on such a jury, yeah, they were all in agreement on the first vote, but then went over the key points and voted again - with the same results.
The most amazing thing was that from the original article suggesting FTX/Alameda was dodgy through to the conviction was just 1 year + 1 day. That's gotta be one of the fastest cases of corporate conviction ever.
Of course he’s guilty, he was scamming rich people too, they weren’t gonna let him get away with this.
Dude swindled $10 billion dollars and couldn't use some of that money to get a decent haircut!
They will shave this woo off in prison
dude want to look crazy.
I hope the judge goes after the $400 million that was withdrawn minutes before from ftx just before its collapse....they've got that money somewhere ready for when he's eventually released from prison.
when after his 100 years in prison
I hope they try and get all the money back from the Democrats that he donated to
His parents have it
He's not getting out of prison, man 😂. This dude stole more money than Bernie Madoff, and they gave him 150 years.
@@generationxwithamcgamestop1245but not the republicans he donated to as well?
If you wanna be successful, you most take responsibility for your emotions, not place the blame on others. In addition to make you feel more guilty about your faults, pointing the finger at others will only serve to increase your sense of personal accountability. There's always a risk in every investment, yet people still invest and succeed. You must look outward if you wanna be successful in life.
The first step to successful investing is figuring out your goals and risk tolerance either on your own or with the help of a financial professional but is very advisable you make use of a professional like I did. If you get the facts about saving and investing and follow through with an intelligent plan, you should be able to gain financial security over the years and enjoy the benefits of managing your money.
The stock market rally run is gone, but I'm not
sure if equities will swiftly recover, keep falling, or fluctuate in a narrow range for a few weeks, or if things will quickly get worse. I'm under pressure to increase my $300k reserve.
@@ralhpculmanthe market is profiting if you are using a good broker or account manager to help out with trades or provide signals
Making touch with financial advisors like Kimberly Kent who can assist you restructure your portfolio, would be a very creative option. Personal financial management will be crucial to navigating the next difficult times.
Her strategy trade EUR/USD is quite impressive and her currency pairs are 100% beneficial. With her help I've been able to leave my 9-5
Chris and Stephanie are fun. I’d love to hang out with them and hear them talk about current events.
Even Stevie Wonder could have seen that coming
No he couldn’t. He’s blind. Poor analogy.
@brailrice not all "blind" people are NLP (No light perception) blind. If you have an FOV of 140 degrees or less, you are legally blind even with 20/20 visual acuity in both eyes.
@@brailrice the joke went right over your head.🙄
I lost $20k with the USITech scam a few years ago so I’m glad one of these guys will pay.
lol
I think you should look at the mirror and take responsibility for your loss.
@@mahbubmoI think he has taken responsibility, but those committing fraud need to be held accountable and punished.
Really? I got some oceanside land in Wyoming i'm selling.
@@ge2623How much?
The greedy flew towards the light he shined. Down with the corrupt power hungry elite.
Falling for people like Sam Bankman-Fried is one of the dangers of trading with expert or professional guidance.
I am sorry to all the victims and happy justice is served!
Due to the recent happenings in the market, one should be very careful on the expert or professional he or she works with. I have been in touch with a financial advisor. With an initial starting reserve of $80k, my advisor chooses the entry and exit commands for my portfolio, which has grown to approximately $550k in few weeks
How do i go about contacting a good broker that will help me invest?
My consultant is NICOLE DESIREE SIMON She has since provide entry and exit points on the securities I focus on. You can look her up online if you care for supervision.
excellent share, just inputted her full name on my computer and searched online, top-notch credentials. Ive seen commentaries about advisers, but not one looks this phenomenal
So I guess he is in the “find out” phase of this scheme.
💀😂
Yep, just like Hamas is.
Lol just seen 8sreali soldiers crying in the caves lost confused and bout to FIND out@@WinstonSmith24
Crazy how deluded some people are thinking they could get away with such blatant fraud. 😂
Thats because so many in the crypto market are comiting fraud and getting away with it. This guy got caught because he was super greedy and stole BILLIONS. The other crypto coin scam artists "only" stole millions and walked away scot-free. Lots of scam coins out there and lots of scammers.
He won't get in any trouble 🤷
He made illegal camaign contributions to democrats, because thats what democrats rely on. They wouldnt exist without illegal contributions, ballot box stuffing, and fraud. Democrats love people like him until they get caught.
Crazy how deluded some people are thinking he will go to jail
Bankman-Fried made it sound complicated to stir up despair and then presented his pitch as the only solution to make the situation easier. He has mental issues, but in a grown-up world, he has to pay for the pain he caused in the crypto community.
Unregulated money! What could go wrong!!!???
I don't think he ever "believed his own hype". He absolutely knew the pile of quicksand his castle was built on. He knew, and intentionally tried to hide, how he was moving the money around in desperation. *_HE KNEW_*
He was a thief. Very simple.
It was worse than negligence. He used his customers accounts as a liquid asset even though his contract with them explicitly stated the opposite. He's a thief who was counting on his parents political connections to keep him safe.
You're a believer in Christ, aren't you? Reminds me of a certim scripture.
@@carlosa9672 I am. But, I don't proselytize. But (lol) .. since scripture has been brought up, I'll take the opportunity to hopefully disabuse some silent reader out there of one of the most often misquoted verses of the Bible .. that also happens to be some of the truest words ever written, whether you have faith in some religion or not.
It isn't:
_"Money is the root of all evil"_
The verse is:
_The_ *_LOVE_* _of money is the root of all evil_
*GREED.*
Greed was the undoing of Sam.
Greed is the doom of humanity.
Always has been.
☮
Then tried to bribe former colleagues who were scheduled to testify.
So refreshing this is the America that I love and respect.
You shouldn't. A better country would have tougher rules to mitigate frauds like SBF.
Yep. SEC in bed with him while attacking his competitors. @@oventi_
His ugly girlfriend needs to rot in jail next to him and it is a crime if she gets off just for agreeing to testify. The deal should have been we will give you 45 years instead of 55.
They didn't even charge Caroline Ellison with anything and she knew all about this/was in on it with Sam 100%.
Our justice system is a failure of a joke.
@@msmcginn4574 yeah it’s a good thing attitudes like yours are not popular amongst prosecutors because then we probably wouldn’t convict any ringleaders ever
They only needed 4 hours because he was so guilty
Why not hold all banks and financial institutions guilty after 2008, instead of being bailed out?
4 hours? Stunning? I was wondering what took them so long to deliberate.🤔 They probably stalled to make it seem like they had to think about a guilty verdict.😂
That’s exactly what it was
Maybe they rolled dice for awhile
Actually, when they're playing with someone's life, juries tend to take a long time to deliberate before delivering a guilty verdict. This case must've been air tight.
Well, an hour of that time was spent eating lunch. After that, they played a few hands of poker.
😂😂
When I watched Sam's interview with David Rubenstein a couple of years ago I thought the guy was a fraud and something was going to go bad which told me to never invest in the cryptocurrency market. Some people have more ego than talent
It's potentially the largest bubble in history. I wonder how many banks have assets tied up in these markets.
A case of, when it looks too good to be true.
Crypro is a fkn joke! So is Bitcoin
that's called absolute thinking@@peppadsniper9920
This whole thing is such a shame. So many were misled by him and deal with their $$$ losses.
Charities, etc. will be asked to return donations received. Hurting more innocent people.
This man threw his life away and I can imagine the shame and sorrow he brings his parents.
This whole thing is sad. Even a guilty verdic and jail will never make this thing right.
Yes it's to bad if the charities have to give back the money. But it wasn't he's to give in the first place.
I believe that his parents were involved in the whole setup.
@@madreese69 True. I think they were duped too and lost money as well.
parents in on it!
Shame and sorrow he bring to his parents 😂😂😂😂😂
Finally, but a piece of advice to the courts, if this guy gets a chance he'll make a run for it, he's probably got money stashed someplace, if he's released on his own recognizance, he's in the wind, guarenteed. This guy won't stand a week in prison,
He's been locked up for months already since they revoked his bail.....
Buckle up Trumpers, this is the prequel
Can’t wait! Next up, the Bidens…
Ladies and gentlemen, we got him. 😂😂😂😂
If I had to go from living in a 30 million dollar penthouse in The Bahamas to spending 20 plus years in jail I would freak out.
Well, in hindsight, technically it wasn't even his penthouse. They're saying he was worth billions, but was he really? Basically grifted everything around him, so technically he was middle class at best.
Will the DNC give all the money back?
No cell phones, laptops or any other device that can get on the web while he's in prison for the rest of his life. Judging by who his parents are, I'll bet dollars to donuts that he never saw one episode of Mr. Rogers
He won't see one year in federal prison watch he greased ALL the right hands while he had it!
@ponchosancho7710 You really don't know the Federal penal system do you?
@@ponchosancho7710
No, he ripped off rich people
What’s wrong with his parents? Stanford law professors
No. The guy is guilty and will have to serve his time. That's it. You don't lose the first amendment, or the ability to communicate online, or through phones, because you were convicted of a crime. Imagine that... They lock people up and then those people are never heard from again? We've seen how that plays out before and it isn't anything resembling "Justice" .. just another crime .. against humanity.
sounds like: no matter what he’s gonna be behind bars for life.
thats if he gets the max sentence on all charges. And there will be appeals. Wouldn't surprise me if he did, but also wouldn't surprise me if he didn't.
@@JunkBondTraderwhere’s he being held?
Well it would be stupid to put in front of the bars.
@@JunkBondTraderThis theft was huge and deceptive, he should never get out of prison ever.
Why his parents havent been charged is incredable
Stanford has already returned "their" donations. I wonder if their employment contracts can be far behind.
Who will be useless in their 40s from a 50+🤔
Crypto. His clients were just waiting to be duped.
Right! Just doesn't make it right.
Scam-o
I put a hotel on Park Place when I was a kid and I only paid $200 for it. Bought 4 railroads too.
@@ge2623but afterward, did you roll a get out of jail free card?
I’ve been on a jury and we had a quick verdict of 3 hours. 2 of those was waiting for our lunch to come in. Wouldn’t be surprised if the verdict was concluded faster than the 4 hours for SBF.
Crypto is one massive scam, but then again, so is most high finance. They worshipped him because he was one of them. The rest are just clever enough not to put themselves in the path of a giant prosecution.
You take it too far.
True!
How do these people look back at everyone in history who gets caught for this stuff and think "Nah, I'm gonna be the one who gets away with it."
They sure convicted this guy quick. Why is it taking so long to get TFG?
IKR!
Trump is GUILTY next!
Because he didn’t break any laws, dummy
Oh look at you. You tried. You tried real hard. @@bigdefense777
I said the exact same thing about the Biden crime family
I'm super interested to see what kind of sentence he gets, its a pretty land mark case and the sentence is important.
He needs to set free...sorry
@@magillagorillasecuritypatr2591why on earth does he need to be set free?
He’ll get a sentence that includes a subject and a predicate. With a few nouns and a verb thrown in alongside an adjective or two. That’s my guess.
@@brailrice "With a few nouns and a verb thrown in alongside" The subject would be a noun and a predicate would be a verb... you're not making any sense!
@@gl3110 gl3110 (subject and noun) has rocks (noun but not subject) in his head (noun but not subject).
I say this rarely, but that was a great back and forth between these two.
I’m thinking to myself, how did Elizabeth Holmes get away with such a light sentence compared to Sam?
No, no, she was being scape-goated because she was a successful woman, remember? Even though Balwani got a longer sentence and hers was subsequently reduced further 🙄.
Of course, she wasn't found guilty on all charges, and we don't know what SBF's sentence will actually be yet, but, yeah, I always felt she got off quite lightly too.
SBF hasn't been sentenced yet. All of this "hundred years in jail" is just talking about the maximum possible sentence. The sentencing guidelines give a broad range of possible sentences, depending on the severity of the crime and any aggravating or mitigating factors.
Omg, a crypto based business that turns out to be a complete criminal fraud?!?
Say it ain't so
/sarcasm
I know, right? That _never_ happens!
Wow 😲, only 4 hrs of deliberation, the prosecutor did an amazing job!....🤔
Yeah, it could also be that there was no defense in sight, because there was no answering to the allegations.
His parents must be proud. I hope he rots in jail
Makes a change to see an arrogant, entitled , rich person get found guilty for their crimes.
So many allowed themselves to be conned. Trust no one, believe nothing.
Most are conned because of greed. I feel no pity for them.
Proving once again you can't steal from rich people, only poor people.
Then how do you explain Madoff or Belfort? Your comment is a non-sequitur.
@@themaskedman221 Do you know who those people are? Do you know what happened to them?
Madoff died in prison at the age of 82 after being convicted. And Belfort served 22 months in prison after he turned states evidence and cooperated with the FBI. Both were caught and held accountable because they stole from rich people. Those who steal from the poor are rarely held accountable.
It is your comment here that seems to be the non sequitur.
@@themaskedman221 They both went to jail that is my point
@@writerconsidered Right, but Madoff did not just target the super-rich, and Belfort primarily scammed middle class investors who were financially naive. You are trying to insinuate that financial laws are only enforced to protect the rich, and there is simply no evidence of that.
@@themaskedman221 They are enforced to protect the rich, there's mountains of evidence of that. You go to jail stealing form the rich. The rich get a fined or are sued from stealing from the poor. Are you some rich jerk pretending we don't have a two tiered justice system?
I find it hard to understand how he thought he could get away with this
Excellent. I am thankful that this jury saw through his BS.
That dude donated hundreds of millions to dem campaigns 😮
Campaigns? You mean ballot harvesting, ballot stuffing, vote machine tampering and election fraud schemes.
don't forget some Republicans too. Not as much but still.
So what? He probably drinks beer, too. Does that mean beer is bad?
Yep. Bankman-Fried is the 2nd biggest donor to the Dumocrat party. 1st is that commie/socialist Soros group. Says all you need to know about the Dumocrats.
Scammers and grifters think they are above the law because of their wealth and power. Justice is a dish best served to these sobs.
The one video MSNBC has ever done that does not need a thumbs down.
100 years in prison for a totally non violent crime just ain't right.
So that's Mr Bankman-Fried dealt with. What about Prof Bankman and Prof Fried, who appear to have been involved up to their necks in what he was doing?
Those two dingbats need a cell next to SBF
So agree after all that was exposed during the trial and dad asking for more money and mom and her 15 million dollar vacation house in the Bahamas.
4 hours?! Did he represent himself? 😂
Or borrowed one of Dumpf's lawyers?
@@crackersmom2679 So lame it commented twice..
If you read about the last two days of the trial, he kind of did, to his massive detriment. There's only so much _any_ lawyer could have done to prevent such a bad witness from burying himself, let alone the lawyers that SBF had.
Amazing how they make it about Trump.
What floors me is that the SEC Chairman had asked Fried to help the SEC write crypto regulations.😂
Oops. Yeah that should lead to some self reflection
Some people are really good at conning even the so called experts. Or maybe it was greed. He saw how much money had made and wanted in on the action that SBF was enjoying.
But his parents said that their son is incapable of lying or cheating, because they raised him to not lie, cheat, or steal. The trial must have been unfair and unlawful. I bet his parents have hundreds of millions of $ hidden away to hire a team of lawyers to get their honest son off of this wrongful conviction. The hundreds of millions $ came from FTX via Sam to his parents under the table.
Yes- absolutely count on it!
The parents were millionaires anyway
Justice must be served.
He betrayed the LAWL!!
His mother must be a very special Ethics Professor
I love how you made his last name Fraud. LOL
Ooops. Crime doesn't pay.
Not forever anyways
‘Sam Bankman-Fraud’: Fallen crypto king found guilty on all counts 0056am 3.11.23 certainly doesn't.... does it? might be a patsy. might be a genuine far sighted whizzkid. 100 years?..................................think he'll like?
@@yourbigheadcousin5434not for everyone* you mean
It does until you are caught.
@@peanutjones6600 Comments on ‘‘Sam Bankman-Fraud’: Fallen crypto king found guilty on all counts’ 0156am 3.11.23 sadly i am one of those who has his own receipts... and cannot make crime pay for me no matter how off kilter i become.
I saw the photo of his parents walking towards the courthouse. The look on their faces: somber. They both knew that their son was going to get convicted, go to prison, and that there was no way out for him. The irony of his last name being Fried, because, he got fried and burnt in the cross-examination. Good riddance.
I enjoyed this coverage and Stephanie Ruhle's perspective and am glad when people like SBF have to face consequences. But I also want to state my appreciation for the way Chris went to bat for the TTRPG community / irreverently casual-dress crowd in that brief aside, around 4:20-4:25.
This is called Revenge of The Nerds.
Must not have given his 10% to the Big Guy.
100 years isn't enough.😢
Wow! From being a billionaire to spending a lifetime in prison. What a waste!
Always a bad mistake to steal from rich people.
Crypto dodgy - who wooda guessed!
Happy Thursday funday facts. The president has unilateral and complete authority to declassify material.
except he wasnt president when he gave our nuclear sub secrets away
@@davediamond9436 What have you been smoking? That makes no sense at all.
Only took 1 minute 50 seconds to bring up trump
My god it’s sad to see how far Waluigi has fallen. 😔
He is the 2nd largest donor to the DEMOCRAT party... you will never see any of that money again.
He wanted to pay tRump not to run. tRump missed another great opportunity. He would have gone for it, and proclaimed that he "fell in love" with SBF. No worries. tRump will lose anyway. The money would have been wasted.
Prison is going to wipe that smug smirk off his face. Also, he might want to cut that girlie hair before he goes in.
Dude he's going into minimum security white collar prison... Lots of TV, tennis with the boys, and tea sandwiches underneath the tree when they're done.
This is a huge W, but at the same time there are so many of these cryptobros that need to be held accountable for the scams that have fallen through the cracks.
lets hope he doesn't get to fake his death in prison and go to his private island...
Those jurors said "The numbers are irrelevant, SBF shot himself in the foot!"
It seems like people have had enough of bad players in the business world. This guy reminds me of Pharma Bro, Martin Shkreli.
This timely prosecution can mean only one thing: Merrick Garland had nothing to do with the investigation.
Murderers often get only a fraction of that time. Weird country.
Prison 💈
No matter what the guilty verdict is, SBF will be free in 8 years , just like Elizabeth Holms.
Probably.
100 years in prison. Shows how they care for white collar crime more than real crimes.
This guy said he gave equally $40 million each to both the Republican Party and the Democrat Party and they still want to put him in prison. Goes to show you just can’t buy a decent politician these days at any price.
Wow you guys talked about Trump? Obsessed much???
Wow, they mention Trump once and you have to comment about it? Obsessed much???
Just goes to show this is a continuation of Trump’s privilege. Trump gets a free pass, while SBF is found guilty immediately.
Two tier justice at its finest!!!
Different cases
@@johnfreeman9358no it's not.
Not really!
Allegations are just that: allegations.
I know you're sour. The number two donor to the Democrat Party was just found guilty. But hey, look at the bright side the two tier justice system is only interested in Trump. They are still completely ignoring and covering up for the Biden crime family.
Another whining post which doesn't reflect ANY knowledge of how different the cases are. ZZZZZZZZZZZZZZZ
And he went to MIT....
And he played League of Legends while making business deals...
Where are the millions he donated to Democrats? should not those be returned to public?