Sam Bankman-Fried Convicted

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Surprising no one, SBF convicted on all 7 counts. 🕵️ Boost your online privacy with NordVPN legaleagle.link/nordvpn ⚖️ Get a great lawyer with EagleTeam! legaleagle.link/eagleteam
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Опубликовано:

13 ноя 2023

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Комментарии : 2,3 тыс.

@LegalEagle 7 месяцев назад

⚖ Are you surprised by the verdict? 🕵‍♂ Get NordVPN! legaleagle.link/nordvpn ⚖ Get a great lawyer at EagleTeam! legaleagle.link/ET

@death-istic9586 7 месяцев назад

Hi!❤

@davea6314 7 месяцев назад

I'm not surprised. Sam Bankman and Don the Con Trump can share a prison cell.

@ViableGibbon 7 месяцев назад

Please do a JFK 1991 FILM REVIEW ON it's LAW ACCRUCY.

@Ocrilat 7 месяцев назад

I think it's funny that 1. He thought it would be a good idea to testify and 2. He looks like a minor Batman Villain.

@bobgoudie 7 месяцев назад

Steal the pensions from the working men and you get stock options and a golden parachute. Steal from the rich and you're doing 20 years in an 8x8 cell.

@grayrook8637 7 месяцев назад

Some notes: labeling your spread sheets "real" and 'fake", not great fraudulent behaviour.

@kingofnonation5843 7 месяцев назад

☠️

@Nickname-ef9tv 7 месяцев назад

Almost like Guy (actual name) who murdered his parents and left a notebook with his entire murder plan plus motive on the scene.

@exoZelia 7 месяцев назад

Thank you I'll go rename them

@suitorshooter996 7 месяцев назад

Fool! What if the names are on the wrong spreadsheets? Criminal Genius!

@fix0the0spade 7 месяцев назад

Also, discussing your criminal activity in a chat group labelled 'Wire Fraud,' is perhaps not a great idea.

@gregtomamichel973 7 месяцев назад

Surely the defence of "I didn't know what was going on in my own company" must be viewed poorly by jurors. In this case, it would appear so.

@edbangor9163 7 месяцев назад

Unfortunately, that's often used as an excuse. I firmly believe that the executive board should be in the hook for criminal action by their companies

@tntyler 7 месяцев назад

They want to come across as an incompetent c-suit, as supposed to have made those business decision intentionally. One is criminal the other isn't.

@nitehawk86 7 месяцев назад

Also the guy at the top of a scheme blaming it on his subordinates.

@casamir1 7 месяцев назад

with a disaster this bad, you can either be viewed as incompetent or malicious, got to pick

@patrickdix772 7 месяцев назад

Yeah, it shows you either have no control or idea what the company you are supposedly in charge of does, or that you're lying. If it was a relatively small thing, or limited to one branch of the company it'd be more believable for the head of a company to not know that, but only if someone at the head of that branch was on the hook. But the blame is always thrown at the lowest down employee possible, even when it should have been obvious to the higher ups that something wasn't right.

@KevinDIntrovert 7 месяцев назад

The lesson here: Not guilty by reason of bumbling idiocy" is not a good defense strategy.

@MakerInMotion 7 месяцев назад

Selective amnesia doesn't work either.

@WarblesOnALot 7 месяцев назад

G'day, Tell that to the Trumpletonians... Just(ifiably ?) sayin'. Such is life, Have a good one... Stay safe. ;-p Ciao !

@TheWatcher-kv8jx 7 месяцев назад

The lesson here: Not guilty by reason of bumbling idiocy is not a good defense strategy. Still, Trump might think about trying it out.

@Oldtanktapper 7 месяцев назад

Dunno, it’s been working fine for the Conservative Party in the UK for years now.

@alext3811 7 месяцев назад

It's the legal defence version of "Ambitious but rubbish".

@MoosesValley 7 месяцев назад

Now go after his rotten parents. SBF's parents claim to be innocent bystanders, distant advisers to FTX. But the allegations coming out against SBF's parents are extremely damning and serious - they weren't just complicit in the fraud, they were instrumental in the fraud and enriched themselves enormously with money from FTX.

@Buh526 7 месяцев назад

Kind of just sounds like as soon as SBF walks out of jail he's gonna pick up the money that his parents got

@Itried20takennames 7 месяцев назад

If there was a evidence of financial crimes, they will go after the parents too. People claim that “the system” makes the rich immune to prosecution, but there are a bunch of former CEOs or other ultra rich guys who have done prison time and would disagree.

@RegalRoyalWasTaken 7 месяцев назад

He got thrown in for over a hundred years my dude@@Buh526

@keylightsystems 7 месяцев назад

What does this do for you.

@Rin-jc1kp 7 месяцев назад

@@Itried20takennamesseconded. If they found ANYTHING incriminating, they’re going after the parents. For better or worse, investigators and the government HATE loose ends.

@TheRogueWolf 7 месяцев назад

It's hilarious to see all these self-described "geniuses" fall apart the instant they run into a situation they can't BS their way out of. But it raises the question of why rich people- who I'm repeatedly told are rich because they're so much smarter than the rest of us- keep falling for these scammers.

@BigHenFor 7 месяцев назад

Ever heard of economic gravity? There more money you have, the more opportunities come your way, because more people want your money or your social capital. Everybody when hungry loves the ape with the last banana. Then the ape with the banana can't help but measure his fruit with other apes with bananas, and is motivated to acquire an even bigger banana... Hairless apes are going to do dumb things with bananas.

@ChristianNeihart 7 месяцев назад

The Emperor has No Clothes.

@Nickname-ef9tv 7 месяцев назад

Because these weren't rich people, "just" wealthy. It is all too common for people who worked half their lifes to get wealthy to make a stupid bet in the attempt to get into the truly big leagues and then fail miserably. But the truly rich people, rich enough to co-write the rules of our economy, are very rarely stupid enough to entrust their wealth into the hands of someone who never held a proper CEO meeting in their life.

@sergiojuanmembiela6223 7 месяцев назад

I find funnier the investors (at least according to SBF's perception): - Find a guy who looks crazy - Give him their money - Complain when the whole thing falls down ruining them.

@chrishughes3405 7 месяцев назад

He'll yeah I'm with nickname

@Ryan_DeWitt 7 месяцев назад

That has become such a common tactic. "I don't recall." That way you don't have to answer, but at the same time can't easily be charged with perjury.

@nitehawk86 7 месяцев назад

Oliver North pioneered it.

@alan_davis 7 месяцев назад

But as they haven't taken the 5th you (judge and jury) can infer something from their answer. Which is usually "unreliable witness".

@wewewe6152 7 месяцев назад

It is common, and it is stupid. People forget about willful ignorance

@ashkebora7262 7 месяцев назад

@@alan_davis While what you say is logically true, emotionally, people will take, "I don't remember" A LOT easier than, "I plead the fifth." The courts can say it cannot be factored in all they want, but the court cannot erase the events from the jury's minds.

@Leith_Crowther 7 месяцев назад

@@nitehawk86Before Oliver North, it was done by every five-year-old who took something that didn’t belong to them. “Did you eat cookies without asking Daddy?” “…I don’t remember.”

@fingerboxes 7 месяцев назад

Wow, he doesn't remember his entire career? Early onset dementia is so tragic. It's good that he'll be going somewhere that he can't wander off and accidentally get himself hurt.

@panagea2007 7 месяцев назад

SBF's hair is some parasitic growth that sucked all the intelligence out of his brain.

@blakksheep736 7 месяцев назад

@@panagea2007 😆

@bonniejosavland3227 7 месяцев назад

@@panagea2007not maw hair😮

@lesliesackey2012 18 дней назад

@@panagea2007this is so unrelated, but I read your name as Pangea 🌍

@panagea2007 18 дней назад

@@lesliesackey2012 It was q misspelling, but I decided to keep it.

@henrygvidonas9573 7 месяцев назад

Man, do I love that every crook's best defence these days is: "I'm an incompetent idiot who had no idea what he was doing and should never be trusted with anything. Also, my dog ate my homework."

@wgjung1 7 месяцев назад

Fun fact: his parents teach financial ethics at Stanford.

@dinklebob1 7 месяцев назад

"And today, class, an object lesson in why you should listen to your parents"

@jamesrule1338 7 месяцев назад

The shoemaker's children always go barefoot...

@mnxs 7 месяцев назад

Stanford should get rid of them. Should the students consider it a good education to be taught *financial ethics* by the literal parents of one of the modern era's biggest finance frauds? Parents who were, apparently, non-trivially involved in that business? Yeah, no. With the cost of that tuition, you'd expect more integrity.

@honestabe411 7 месяцев назад

And that’s the state of ethics in America

@wgjung1 7 месяцев назад

Another fun fact: billionaire Peter Thiel once called Joe Bankman’s tax law course at Stanford his most valuable, because it inspired him to put his Facebook stock into an IRA that saved him more than $1 billion.

@danielschick7554 7 месяцев назад

Never had I seen a man work so hard to do the prosecutors job for them.

@angusmacfrankenstein7227 7 месяцев назад

Only Donald Trump!

@tracyh5751 7 месяцев назад

@@angusmacfrankenstein7227 Alex Jones also put in a lot of work on the stand for his prosecutor.

@orabera 7 месяцев назад

@@tracyh5751 He's cooperation pretrial was pretty amazing too

@EmmaMaySeven 7 месяцев назад

Bankman-Fried said "I don't recall" 180 times in his testimony, which rivals Majocchi's record of over 200 "Non mi ricordo" during the Pains and Penalties Bill hearings.

@joshuaevans6295 7 месяцев назад

It's always fascinating how all these rich buisnesspeople have no trouble taking credit for the success of their business when it makes them obscenely rich, but once it's outed as fraudulent suddenly it's "I didn't know anything about the operations"

@erikbjelke4411 7 месяцев назад

Success has many fathers; failure is an orphan.

@ignitionfrn2223 7 месяцев назад

3:40 - Chapter 1 - The trial 5:50 - Chapter 2 - Defense strategy; take the stand & pray 8:00 - Chapter 3 - Bankman fried's testimony 11:55 - Chapter 4 - That conviction was really fast , right 13:10 - End roll ads

@maxreed369 7 месяцев назад

Thoughtful and convenient timestamps, good sir. Thank you

@LovingSoul61 7 месяцев назад

Thank you!

@MrQuickLine 7 месяцев назад

If only there were some way to natively do this right in RU-vid... OH WAIT @LegalEagle

@SimonBuchanNz 7 месяцев назад

Pretty sure this is a bot too. Sigh.

@ignitionfrn2223 7 месяцев назад

@@SimonBuchanNz Apparently not...still under Pepsi (no coffee available)

@Alex-cw3rz 7 месяцев назад

It makes you worry for the future of the world when the people who control most of the wealth, are impressed if someone has a terrible haircut and doesn't listen in meetings. Minimum wage jobs have higher standards than these investors.

@wesleyquere4979 7 месяцев назад

I believe that's because excentricity, within the high ranking economic elites for exemple, shows that you think differently, and thus you have the ability to see and act on the unexpected before the more classic people. Considering the fact that in their line of work, being first on something is extremely important as you can then capitalize on it first. Coupled with above average intellect and good charisma, it's sadly not surprising that these people tend to suceed, at least for a while. Worst part being that their success tends to be linked not to their intellect or way of thinking, but to having impressed and manipulated rich people into giving them the ressources to seemingly achieve their goals, something many people would be able to achieve in their situation.

@Shade01982 7 месяцев назад

"someone has a terrible haircut and doesn't listen in meetings" You've just described a number of people in power of some very powerful countries. And no, I wasn't talking about carrot-top alone, Boris Johnson and Kim Jong-Un also count :P

@maryshkamiceli8388 7 месяцев назад

This what happens when the lust for money is their driving force, when money is God.

@dplocksmith91 7 месяцев назад

@@Shade01982don't forget Mummar Gaddafi

@Nickname-ef9tv 7 месяцев назад

Charlatans exist since wealth exist, and rich people have ever since been duped by them. On that account today differs little from thousands of years ago when emperors sent fleets out because some weirdo said he visited an island of gold and eternal youth.

@gordonhowett7529 7 месяцев назад

On a side note, and specifically regarding your editing staff. I always notice that you guys don't use bad photos for people, you always show people in their best light regardless of the circumstances. It is a little detail, but I appreciate it.

@BrooksMoses 7 месяцев назад

I had not noticed that until you mentioned it, but yeah. That's true. And I appreciate it too.

@jonathanrichards593 7 месяцев назад

That goggle-eyed picture of Elizabeth Holmes, though.

@scaper8 7 месяцев назад

The fact that Holmes got just 11 years still aggravates me. She hurt people. Real people, looking for real medical tests. And all she got was 11 years, and that was only for defrauding investors. Screw the humans she hurt.

@canesugar911 7 месяцев назад

11 years is more than most people get.

@Dan-dy8zp 7 месяцев назад

I thought they sent the tests out to be conventionally done elsewhere.

@scaper8 7 месяцев назад

@@Dan-dy8zp Some of them. Some they just faked a result.

@Draffut2003 7 месяцев назад

11 years is a very long sentence for this type of crime.

@DMalltheway 7 месяцев назад

@@Draffut2003life in prison no parole, she’s a massive danger to society

@therongjr 7 месяцев назад

SBF's parents are professors of law, and Caroline Ellison's father is a professor of economics.

@Leith_Crowther 7 месяцев назад

We don’t know that his parents such bad people.

@MariaVosa 7 месяцев назад

Anyone who invested in SBF becaused they thought he must be an eccentric genius due to his appearance and behaviour should be barred from doing any financial work for the next 25 years.

@Biskawow 7 месяцев назад

ppl trusted FTX with their money and lost it all because it was blatantly stolen from them, you really shouldn't victim shame here. Its not like they "invested" with FTX, they might have bought some shitcoins but that was theirs to lose, not SBFs

@XennialGuy 7 месяцев назад

Mr. Wonderful should be at the top of that list.

@seekittycat 7 месяцев назад

They really went "I love this guy" when he was playing League during a meeting like why

@Biskawow 7 месяцев назад

@@seekittycat would make sense if he was a grand master

@tracyh5751 7 месяцев назад

@@Biskawow for FTX customers, maybe, but there were also investors who interviewed SBF and gave him billions.

@A57-0mona 7 месяцев назад

Not even Saul Goodman could’ve kept this dude outta jail.

@patrickbateman1660 7 месяцев назад

Probably woulda just said call the vacuum guy

@henrygvidonas9573 7 месяцев назад

Saul couldn't keep Jimmy McGill out of prison, either.

@RudraBPer92 7 месяцев назад

Underrated comment

@dielaughing73 7 месяцев назад

@@henrygvidonas9573yes he could, and he had the plea deal sewn up. But then he let Jimmy take over and confessed everything

@dielaughing73 7 месяцев назад

He would have done everything possible to stop this idiot from getting himself caught in the first place (as he did with Heisenberg)

@ejonp 7 месяцев назад

When SBF was riding high, he would spout the most amazing nonsense, and people - including financial experts - hung on his every word as if he were an oracle of profound wisdom. He demonstrated time and time again that he believed he would continue to get that sort of reception after FTX crashed, culminating in his delusion that he could "charm" the jury with his ridiculous testimony. He did not.

@Itried20takennames 7 месяцев назад

Yeah, but it’s an unfortunate relationship between the financial journalists, and “celebrity CEOs.” Celebrity CEO stories sell magazines or drive online traffic, as people like to know about/emulate them, or hope that if they invest with the next genius CEO, they will make money. So there isn’t a lot of incentive to look hard and be skeptical. But it’s also easy to spot the fraud in hindsight and laugh that people didn’t know. I am sure there is another undiscovered fraud out there right now….can you spot them reliably, and when the fraud will come crashing down? If so, please let me know and you must be making millions just based on that skill. People try, but hard to do consistently.

@ANTIStraussian 6 месяцев назад

They could have lived that life of luxury by skimming a few million. Whyd they take so much is crazy

@toeshotsauce3931 7 месяцев назад

I could watch billionaires go to jail all day.

@mikafiltenborg7572 7 месяцев назад

Next to prison : Scammer Trevor Milton (founder of Nikola Motor) 😊

@angusmacfrankenstein7227 7 месяцев назад

I’d settle just for Elon!

@cronostvg 7 месяцев назад

Forbes magazine. The World’s Youngest Billionaires 2023. Fake it till make it.

@mikelacroix1882 7 месяцев назад

@@angusmacfrankenstein7227 why? because he bought twitter and is essentially allowing open dialog? Or are you just jealous that you can't put a rocket in space.

@mattmac5506 7 месяцев назад

@@mikelacroix1882 "Open dialog". That's adorable. Even you know that's hilarious.

@Clasteau 7 месяцев назад

They pled guilty and testified against him, at which point he looked up from League of Legends and said "huh?"

@SleepNeed 7 месяцев назад

The fact that it took only three hours for the jury to come back with guilty on all counts is just hysterical to me. I have a friend who was on a jury for trial of a guy who tried to punch a cop during a DUI stop and they took longer to convict despite guy throwing a drunken attempt at a haymaker being caught on both dash and body cam.

@JwebGuru 7 месяцев назад

Well, that guy is kind of relatable and everyone hates cops, I don't know who's supposed to relate to Sam.

@BlackCanary87 7 месяцев назад

There's a theory that they only took so long because they wanted one last free meal 😂

@wolfiemuse 7 месяцев назад

@@BlackCanary87I’ve heard stories of jurors making a decision fairly quickly, but then waiting for a bit before they announce their decision so it seems like they deliberated on it longer 😂 I wonder if this is one of those cases

@markrouse2416 6 месяцев назад

They had to consider multiple counts.

@bentway2836 6 месяцев назад

@@wolfiemuseprobably "he definitely hit the guy, but it was a cop, should we just let it slide?" that could take some deliberation for sure

@Desertphile 7 месяцев назад

Odd how people who claim "I don't remember," such as Trump and his family members, have no memory problems when it comes to everything that will not send them to prison.

@timpointer6664 7 месяцев назад

my favorite part of "i don't remember" in court is that it's *NOT* pleading the 5th. "i don't remember" can absolutely be used against you in court, not everyone remembers everything but surely you should remember at least *some* big decisions in the companies you help run.

@user-iq6wz4wv4u 7 месяцев назад

3 years later and the Donald is still living rent free in your head.

@ericp3645 7 месяцев назад

Imagine that for a Craigslist transaction. You remembered your PIN, took 40 dollars out of the bank, drove to buy something, but don't remember where you drove, who you bought it from, or what you purchased?

@prosfilaes 7 месяцев назад

I think that's a little cruel for Trump; it seems like he is very good at forgetting anything he doesn't like.

@thunderspark1536 7 месяцев назад

@@timpointer6664Especially when you have recordings showed to you that say "hey I knew about X a year ago"

@Prometheus4096 7 месяцев назад

How can it be that an actual billionaire is arrested, trialed, and convicted in mere months. But a fake billionaire can delay it for years, even decades?

@DonnaLena1 7 месяцев назад

Waiting for the Orange defendant with 91 felony counts to be held accountable for his decades of FRAUD. That alone should jailed him

@YurinanAcquiline 7 месяцев назад

Charisma

@kezia8027 7 месяцев назад

Because this is a warning to the working class not to try. Only the right people get to dodge taxes. Us plebs will get the book thrown at us if we try to emulate the 1% in order to scare others off from doing the same. It isn't about a fair and balanced law, it's about sending a message.

@murdockpz 7 месяцев назад

The real billionaire screwed over his fellow billionaires. The fake billionaire gave them a massive tax break.

@BigHenFor 7 месяцев назад

He wasn't a billionaire when he was arrested. He had lost it all. Lol.

@Valliac 7 месяцев назад

The real fraud was that jawline the court artist gave Bankman-Fried.

@raineob4996 7 месяцев назад

Evidently the sketch artist was one of his customers.

@kimthomas781 7 месяцев назад

😂😂😂

@Sahdirah 7 месяцев назад

Turns out that was actually AI art, which tbh makes the generic face make more sense

@Alperic27 7 месяцев назад

the book from Lewis and the description of SBF that it contains are for me the ABSOLUTE PROOF that he is completely guilty and that his only regret today is likely 1) that he only borrowed 10B and not much more, and 2) that he declared bankruptcy and did not try to hide things longer

@lyinarbaeldeth2456 7 месяцев назад

I'd imagine 3) not fleeing to a non-extradition country with suitcases full of cash, is probably on the list as well.

@Alperic27 7 месяцев назад

@@lyinarbaeldeth2456 🤣😂 … sorry for not including this obvious #3 … but it is a tough one .. I am sure he thinks that had he done any of the other 2, he would never had needed #3 .. when in fact, he would likely have needed it even more as he would likely have blaster a far greater crater that the 10B that got him a free orange jumpsuit

@conormurphy4328 7 месяцев назад

Might wanna reread that book then

@grippygecko6843 7 месяцев назад

@@lyinarbaeldeth2456if I recall correctly he did just that. He was effectively on the run but even though there was no treaty the extradition was arranged anyway and they hauled him back from the Carribbean.

@airking6457 7 месяцев назад

The problem with saying I don't recall when testifying in your own defense is the jury finds it strange you don't remember things that might make you look bad and if its on camera because you did interviews it makes you look like a lier and they also think " why should I belive his version if he can't remember most of it "

@raineob4996 7 месяцев назад

Not pleading the 5th so that you can plead the 5th is an interesting tactic.

@airking6457 7 месяцев назад

@@raineob4996 lol he said "I don't recall but Im not saying I didn't"

@damoneldritch7588 7 месяцев назад

I was mid-smoker's-cough and bust out laughing at the sam bankman-jailed opener. You almost killed me lmao

@angusmacfrankenstein7227 7 месяцев назад

Well, at least you weren’t drinking milk…

@nmgg6928 7 месяцев назад

Lmao dude I know the feeling been there the burn is real lol

@elLooto 7 месяцев назад

Many, wittier, places have called him "Sham Bankrupt Fraud"

@pax6833 7 месяцев назад

Something worth noting is Bankman Fried's statements were he indicated that he believed acting like an "eccentric genius" would appeal to investors. I think it's worth keeping in mind, as people are more broadly waking up to the "eccentric genius" scam. It's all a glass onion with these people, they're just stupid and trying to pretend to be smart even while they commit all manner of heinous acts.

@elLooto 7 месяцев назад

Mostly he thought that recycling taxpayer money going to the Ukraine back into the hands of those who voted for Ukraine aid would protect him.

@atrustworthyfellow6887 7 месяцев назад

I'm around emerald 4 in league which is a 2 tiers above sam's bronze 2 he posted, but still rather low. I don't play that much but im passionate about learning. When you hear ANYONE is stuck low silver/bronze and they think they're "smart and nerdy" while playing the game a lot, they're incapable of properly learning from their mistakes. It's really not hard for average intellect humans to climb above silver if they arent narcissitic. That was when i knew he was a hoax of a genius who can't learn, but ofc the investors had no way of having that inside knowledge

@thefatfella 7 месяцев назад

LegalEagle's ads are so well done and so well integrated into his videos that I legitimately just sat through a NordVPN advert thinking to myself, "Wow, SBF is in real trouble with NordVPN!"

@TheKrispyfort 7 месяцев назад

They violated a 'Casual Criminalist' rule - Don't write down your crimes. Labelling spreadsheets with main and alternative qualifies, allegedly 🙏

@camdenbeahan-smith9226 6 месяцев назад

Hope we get a Casual Criminalist on this soon, Simon would like this one

@stefanjohansson2373 7 месяцев назад

Are Scam Sams parents next in line? Their involvement is massive.

@CaptainTrips560 7 месяцев назад

Scam Sam lmao, that’s a good one

@Whiteythereaper 7 месяцев назад

Scam Bankman-Fraud

@recoilrob324 7 месяцев назад

It's going to be interesting to see how all of the millions they gave to Democrat politicians will serve them when the sentencing comes up.

@pearcyjackson280 7 месяцев назад

Scam Bankrun-Fraud

@CidVeldoril 7 месяцев назад

With his parents being prominent lawyers you'd assume they'd know how to cover their asses though.

@onothankyou 7 месяцев назад

The most important news is often what *isn't* news. I give a lot of credit to the lack of fraud over the last 15 years to the legislation that was put in place after 2008. Holding CEOs and CFOs responsible for the company's reported financials has so far made a huge difference.

@matthiasbalke9089 7 месяцев назад

This is exactly how Wall Street would operate if there was no Government oversight.

@balmorrablue3130 7 месяцев назад

Lolololol if there wasn’t any government oversight wallstreet would no longer exist

@anastasiabarrett1686 7 месяцев назад

I love the idea that the court was discussing whether something was a “YOLO decision” 😂😂

@landwolf00 7 месяцев назад

It's unjust that these people testifying against Sam will likely serve little to no time. They knew just as much, and benefitted nearly as much. They're all scoundrels who ruined many people's lives...

@1320crusier 7 месяцев назад

That was the deal to put Sam behind bars.

@davidlazerz8564 7 месяцев назад

IIRC they still have to repay millions and are banned from ever working in SEC regulated businesses ever again. Not ideal but getting the ringleader is more important than hanging accomplices with 100 charges.

@Isaac-eh6uu 7 месяцев назад

I would argue that Caroline was worse but she won't serve nearly as much time.

@Isaac-eh6uu 7 месяцев назад

@@davidlazerz8564Getting the ringleader? They should already have everything they need frx's operation was super sloppy. All you get now is a bunch of liars lying about their involvement to get a reduced sentence.

@SkatterBrain 7 месяцев назад

It is what it is. You want the ring leader, the peons are culpable for sure, but the DA does this all the time. A lot of times you can either charge and jail every peon but never get a jury to beyond a reasonable doubt on charges against the ring leader, or let the peons off on small charges and get more evidence than you'll ever need.

@misternoodle1236 7 месяцев назад

man, the very beginning made me a little sad but I think I understand why. "He used to be Sam Bankman-Fried and now he is Sam Bankman... jailed" felt like an easy missed opportunity to say "Sam Bankman-Fraud" but I am guessing this was implied on purpose for legal reasons.

@Sentralkontrol 7 месяцев назад

I've been calling him that to coworkers for months now

@samiraperi467 7 месяцев назад

Imagine if he got the electric chair. Sam Bankman FRIED.

@EpicCoolGuy923 7 месяцев назад

I thought that too, but his last name sounds like Freed and now he is Jailed. I get why he did it

@hankfortwel 7 месяцев назад

i'm certain it's a play on how Fried sounds like "Freed". Hence, Freed -> Jailed. We get this instead of the low hanging fruit.

@cockatoo010 7 месяцев назад

He's been found guilty. You can call him a fraudster without the "alleged" label now

@Speedyboi69. 7 месяцев назад

I love how his defence was "How would i know what was happening in my own company"

@willtricks9432 7 месяцев назад

You condensed that conviction so fast, thank you.

@steven7936 7 месяцев назад

He made the mistake of stealing from the rich.

@alliu6562 7 месяцев назад

Youre painfully right

@wasneeplus 7 месяцев назад

Don't make him out to be some kind of Robin Hood. I'm sure plenty of average people lost their savings because of him.

@LadyPelikan 7 месяцев назад

Not Robin Hood. Just a crook who chose the wrong victims (some of them).

@connorendres7999 7 месяцев назад

Cringe

@SeaCowsBeatLobsters 7 месяцев назад

@wasneeplus I think you misinterpreted that

@bobsteven2363 7 месяцев назад

This brings a smile to my face. Last time they spend millions of dollars, probably customer money, to make an ad calling everyone who knew FTX was a sham, stupid. Who is stupid now? Everyone who fell for the ad and the biggest clown, Sam Bankman Jailed. Currency is supposed to be currency you use to buy things, not purely an investment engine often used for scamming.

@conormurphy4328 7 месяцев назад

lol you’re not gonna like when you find out about what Wall Street does then

@exoZelia 7 месяцев назад

Having his hair be part of the fraud is hilarious

@BalooSJ 7 месяцев назад

Wait, so he violated the terms of his release into house arrest and was put in actual jail for it? I thought you only got like a $5k fine for that?

@darthbumblebee7310 7 месяцев назад

It probably depends on which term is violated. If he went to a scheduled medical appointment and forgot to get approval first, then a fine makes sense. Trying to communicate with and intimidate key witnesses, like he did, probably warrants stronger punishment.

@nmgg6928 7 месяцев назад

@@darthbumblebee7310ya intimidating witness also not sure but I think I heard something about him being considered a flight risk I could be mixing that up with the theranos tho been trying to catch up on both cases.

@orangew3988 7 месяцев назад

I mean, being out on bail is a privilege, you have to follow rules for. Whilst awaiting trial he broke more laws. I can see why they would revoke bail for that.

@BalooSJ 7 месяцев назад

@@orangew3988 As well they should. But I can think of some other people who have violated the terms of their release repeatedly and are still out and about.

@TheSquirt5000 7 месяцев назад

Just realised that a guy with the last name 'Bankman-Fried' cooked some books when caring for other people's money. Thank you inherent absurdity of this world for this fantastic bit.

@michaelschollbauer8865 7 месяцев назад

I'm courious how long the smile in his face will last - uneblievable this guy

@HarvestStore 7 месяцев назад

I appreciate you and thank you for making content.

@Haileycartero 7 месяцев назад

Number one rule when it comes to scamming, never ever EVER steal from the rich. You can steal from the poor all you want, but the second you dip your hand too far down in the cookie jar is when the government will take action

@xavierb9061 7 месяцев назад

Obvious..rich have lawyers

@kevincinnamontoast3669 7 месяцев назад

Who hurt you hailey?

@Loki_K 7 месяцев назад

@@kevincinnamontoast3669the rich. Did you know less than a century ago, Sears sold entire houses for less than $3,000? Nowadays, that's a single months' rent required by the parasites we call "landlords".

@asuka_the_void_witch 7 месяцев назад

truuuuuuuuuuuuuuuuuuuuuuuuuu

@kezia8027 7 месяцев назад

@@kevincinnamontoast3669 probably society? what even is this comment lmao

@carlwheezer623 7 месяцев назад

Never have I tapped on a video so fast 😂😂 well done LegalEagle

@exoZelia 7 месяцев назад

Proud of you for getting that pun out of the way right at the top

@MMuraseofSandvich 7 месяцев назад

Every grifter thinks that they can charm their way to the jury's hearts on the stand. It worked for them when they defrauded their victims, after all. They never count on subordinates flipping on them, or the cross-examination.

@beeble2003 7 месяцев назад

The analysis I heard was that they could see he was going to be convicted anyway, so he may as well testify, since it had a small chance of making things better for him.

@MarcWhitaker 7 месяцев назад

Grifters make a lot of money charming their way into rube's wallets...it's the only tool in their toolbox.

@blakksheep736 7 месяцев назад

Their issue is that presecution lawyers are trained specifically to cut through that BS.

@greysessentials8937 7 месяцев назад

Yeeeees! I was hoping you would do a video on the SBF trial!!! Love your content man!

@j-bus4262 7 месяцев назад

The eagle cry always gets me.

@coweatsman 7 месяцев назад

SBF should get time remission because he helped the prosecution so much by speaking publicly so much. Almost as helpful as Caroline's testimony.

@magnieto1 7 месяцев назад

Main reason for swift justice here: he messed with rich people's money. Period.

@ChristianNeihart 7 месяцев назад

"He used to be Sam Bankman Fried and now he is Sam Bankman Jailed." Perfect. No notes!

@MikelNaUsaCom 7 месяцев назад

How does this guy get convicted so quickly and for so many years? And how is Drumpf still running around when anyone else would be in jail awaiting their trials?

@mrg0th1er83 7 месяцев назад

Trump mostly defrauded poor and middle class people and gave rich people huge tax cuts. fried on the other hand went straight to the pockets of very rich people. That’s probably why. Also going to hard against Trump has political implications. This guy will not risk a mini civil war if he is sent to prison.

@blakksheep736 7 месяцев назад

Well, most grifters don't put out public statements and interviews incriminating themselves, hence why this conviction was unusually fast.

@Ragnarakk 7 месяцев назад

I cant believe how many times ive made the "he should be Sam Bankman Locked up" joke and finally someone makes it in video

@ShaneReynolds0421 7 месяцев назад

That pun at the beginning was gold. 😄

@Li_ska 7 месяцев назад

Finally, was hoping for the eagle insight on this.

@jeddicus9916 7 месяцев назад

Can't believe LegalEagle threatens to take us to court at the end of every video

@TravisChalmers 7 месяцев назад

YOUR EDITOR IS AMAZING

@steamedbun7194 7 месяцев назад

being subscribed to both coffeezilla and legal eagle this video is a nice surprise

@Deeznug5 7 месяцев назад

Pretty sure I just saw LegalEagle at jury duty line this morning. No one escapes!

@beeble2003 7 месяцев назад

Ha! Actually, lawyers generally don't end up serving on juries because they're too likely to apply their own interpretations of the law, rather than following the judge's directions.

@haylied1265 7 месяцев назад

Hey Devin, I'd really love to see your breakdown of the recent lawsuit and ruling regarding broker fees in realty transactions. I believe the lawsuit was in Kentucky. I'd love to see your take on how it'll affect real estate sales moving forward

@BonesMcoy 7 месяцев назад

Opening right up with the pun was poggers

@Nartss 7 месяцев назад

This whole situation just proves that, as long as you look & sound like you know what you're doing, you can convince literally everyone that you're a "genius"

@jasonbikeracer1 7 месяцев назад

He committed the one crime still punishable in America- stealing from banks and investors

@zedmelon 7 месяцев назад

I gotta say Devin... slowing down to 1/4 speed to watch the auto crash in your _Eagle Team_ advertisement really makes it sound like _you're_ driving that car. Thanks for posting all your videos--I enjoy each one I watch!

@SovietReunionYT 7 месяцев назад

The SBF name jokes never cease to amuse.

@angelitabecerra 7 месяцев назад

That beginning pun 🤣

@PersonalPariah 7 месяцев назад

The absurdity of tech bros just winging it all the way to prison, unless they manage to make it big enough that they are too big to fail like your Facebook style entities.

@cryochick9044 7 месяцев назад

Honest even with how shitty Facebook is There seems to be at least some more of a moral backbone than most of them

@LammasuRex 7 месяцев назад

I wonder why Ellison made a deal. What's a 100-year sentence to an elf?

@CheezMonsterCrazy 7 месяцев назад

They were going to deport her to the North Pole. Santa doesn't take kindly to defectors.

@ronkolek613 7 месяцев назад

😂😂😂😂😂😂😂

@angusmacfrankenstein7227 7 месяцев назад

Ever try to keep boredom at bay for 100 years?! I’d have a tough time after two minutes…that’s why I don’t celebrate the holiday season and drag myself to get-togethers anymore! 🤪🎄🤪 MAIL ORDER FOR EVERYBODY!

@koln2109 7 месяцев назад

Your constant derived towards bad puns is strangely fun

@Malama_Ki 7 месяцев назад

She had the most accurate courtroom sketch in history! That guy is a Rembrandt, Monet, and DaVinci wrapped into one 🤣😂🤷🏼‍♂️ Gollum never looked so good…

@YogSoth 7 месяцев назад

Thanks for coming in with such breaking news! I guess people who were in a coma for the the last 2 weeks will really find this video fresh.

@woodificould 7 месяцев назад

That "eccentric genius" thing is so common. I blame the movies and shows for playing it up. I saw it in grad school a lot where ppl from outside of our department saw the randos with uncombed hair that were all over the place as geniuses, when in reality they were just idiots with untreated ADHD. If you looked at what they were talking about without the filter of that trope, it'd be pretty obvious that there was no substance. But everyone ate it up 🤷‍♀️

@Kyle_Schaff 7 месяцев назад

People readily allow themselves to believe hype because it’s an interesting and hopeful future where they can pretend they’re powerful, taken seriously, and a part of something bigger. Eccentric “geniuses,” strongmen, populist demagogues, they all thrive on you projecting your fantasies onto them and convincing you it’s an identity/group you can be proud to be a part of (the specifics of how/why relate to the idiosyncrasies of the sucker’s insecurities). Of course it’s all meant to serve the kingpin’s bottom-line, but people are hopelessly self-deceiving when the convenient story falls flat and won’t see themselves as anything other than hapless victims when the fantasy comes undone. The duped ignore the lessons from the experience, and the cycle can repeat itself

@kwanarchive 7 месяцев назад

It's all part of the cult of nerd. Nerds especially drink their own bathwater and really believe that they are magically better than everyone else and doesn't need to play by the same rules.

@hankrhill324 7 месяцев назад

I just got done getting sized and fitted for an Indochino suit because of you 😂

@TheInkblot101 7 месяцев назад

Okay, you got me with 'Sam Bankman-Jailed'

@AwkwardLoser 7 месяцев назад

I love how all of his friends are claiming he forced them into being complicit and enjoying themselves

@casamir1 7 месяцев назад

I had no idea why I was on his jet, and why we were going to that island. Wait, wrong trial

@whatisahandle_69 7 месяцев назад

@@casamir1weren't they living in Puerto Rico? If so it still fits.

@IAmNumber4000 7 месяцев назад

It's wild that he still tried to play dumb and mislead the jury even when his accomplices had laid out the entire scheme. What was he hoping to achieve with that?

@chrise8275 7 месяцев назад

Bruh, LegalEagle hitting us with the awful puns out of the gate!!!

@MusicFromAnotherTime 7 месяцев назад

God damn that opening line. Haha that got me.

@shanghigh20 7 месяцев назад

You should do a episode on his mom and dad it looks like they had a lot more to do with it than meets the eye

@scotthannan8669 7 месяцев назад

Maybe Sam Bankman-Fried should run for president, apparently that is all it takes to have the opportunity to get the government off your back

@elLooto 7 месяцев назад

Well, its certainly been a good tactic since at least 1992.

@piedpiper1185 7 месяцев назад

1:15 - That fade-in of Madoff's face made me laugh

@oshinvats7304 7 месяцев назад

Missed opportunity for joke: SBF is now fried

@hyperthermophile23 7 месяцев назад

Thank you for the clear, concise, and fascinating explanations of this company's firey downfall.

@yommish 21 день назад

I apologize but I’ve gotta point out it’s spelled “fiery,” for some reason

@martj1313 7 месяцев назад

This is what happens when greedy people meet somebody more greedy than them.

@extrememiami 7 месяцев назад

I feel like I'm watching commercials with a short break between them for lawyer case talk.

@aurinator 7 месяцев назад

Your opening with freed and jailed earned an early like.

@Bob.martens 7 месяцев назад

It looks more like SBF took the fall for his parents.

@Rainbow_Sish_Kabob 7 месяцев назад

“I didn’t know my company was collapsing until it was too late.” Even if that terrible (yet sadly common) defense had worked, what would that mean for his career afterwards? Who would ever want to work with somebody who said that?

@Nickname-ef9tv 7 месяцев назад

You can say that four times in a row and become president for it.

@zeobide 7 месяцев назад

Yea sadly thats pretty easy to spin. You can easily say "it was a HUGE learning experience!" or "I learned a lot about how I can better manage my subordinates so they dont make similar mistakes that lead to the failure of our company." With the second one you can avoid blame and responsibility simultaneously shifting on to others. You could even still take credit for the initial perceived success of a company with a bit more effort.

@planescaped 7 месяцев назад

I briefly zoned out about halfway through and could only hear "bankman-fried" what sounded like a few hundred times, lol.

@LiamDennehy 7 месяцев назад

I'm glad he's seeing justice, but imagine the headline if he was acquitted; "Scam Bank Man Sam Bankman-Fried Freed"

@DAC936 7 месяцев назад

This made me lol

@notenoughmonkeys 7 месяцев назад

Good job it’s only a life sentence otherwise he’d be Sam Bankman-Fry’d for his Sam Bankman-Fraud.

@Linkman8912 7 месяцев назад

Lmao 😂

@candice_ecidnac 7 месяцев назад

Should be for his Scam Bankman Fraud

@cwovictor3281 7 месяцев назад

If he got a smaller sentence, he'd be Sam Bankman-Freed after paying his Sam Bankman-Fine.

@peterrehm490 7 месяцев назад

Imagine being the president of one of these funds who signed off on a FTX investment. It really makes me wonder what constitutes "due diligence" for signing off on M&A/PE deals these days.