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Why Isn't Sam Bankman-Fried in Jail?

Bankless

Bankless

Tech News, Technology, News

4.71.2K Ratings

🗓️ 30 November 2022

⏱️ 75 minutes

🧾️ Download transcript

Summary

It's day 20 and SBF still isn't in jail. What gives? Ryan and David give their thoughts on why that may be and how this all might play out.

Also, stay tuned toward the end of the show for a special guest appearance from our boots-on-the-ground Bahamas correspondent to give their take from the belly of the beast.

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Timestamps:

0:00 Intro
5:44 SBF to Prison?
https://fortune.com/crypto/2022/11/13/could-sam-bankman-fried-go-to-prison-for-the-ftx-disaster/ 
9:00 Criminal Misconduct
https://twitter.com/RBPFPolice/status/1591864528291221504 
10:25 1M Creditors
https://www.cnbc.com/2022/11/15/ftx-says-could-have-over-1-million-creditors-in-new-bankruptcy-filing.html 
14:21 Alameda Backend
https://www.cnbc.com/2022/11/13/sam-bankman-frieds-alameda-quietly-used-ftx-customer-funds-without-raising-alarm-bells-say-sources.html 
16:30 SBF Backdoor
https://www.reuters.com/markets/currencies/exclusive-least-1-billion-client-funds-missing-failed-crypto-firm-ftx-sources-2022-11-12/ 
17:28 Buying Properties
https://www.reuters.com/technology/exclusive-bankman-frieds-ftx-parents-bought-bahamas-property-worth-121-mln-2022-11-22/ 
18:35 $1B Personal Loan
https://www.bloomberg.com/news/articles/2022-11-17/ftx-s-bankman-fried-received-1-billion-loan-from-alameda 
19:08 Cashing Out $300M
https://www.coindesk.com/business/2022/11/18/sam-bankman-fried-cashed-out-300m-in-previous-funding-round-wsj/ 
21:40 NYT Puff Piece
https://twitter.com/nytimes/status/1592296341346320384 
https://twitter.com/TrungTPhan/status/1592349684471037955 
24:15 Liz Hoffman of WSJ
https://twitter.com/lizrhoffman/status/1595184595409969153 
25:30 Alameda CEO
https://twitter.com/Forbes/status/1593615727512227840 
26:14 Pandemic Prevention
https://www.washingtonpost.com/health/2022/11/16/sam-bankman-fried-ftx-pandemic-prevention/ 
27:42 NYT Conference
https://www.news.com.au/finance/money/investing/sam-bankmanfried-to-appear-at-new-york-times-conference-despite-ftx-bankruptcy/news-story/2e02d2fd6e584cc5b3148d0f6ba14a2f 
https://twitter.com/andrewrsorkin/status/1595517635441090565 
https://twitter.com/WSBChairman/status/1595512773177446412 
https://twitter.com/MattWalshInBos/status/1596130827733188608 
https://twitter.com/elonmusk/status/1595591868275826688 
33:50 Grants to Media
https://twitter.com/teddyschleifer/status/1591191408589017088 
https://www.coinage.media/ 
https://www.youtube.com/watch?v=5g9ycHS0xtU 
https://techcrunch.com/2022/07/27/ftx-ceo-leads-trustless-medias-seed-round-to-help-build-community-owned-web3-shows/ 
41:00 Balaji Thread
https://twitter.com/balajis/status/1592661466012061696 
50:45 Political Donations
https://freebeacon.com/biden-administration/beleaguered-crypto-billionaire-was-hobnobbing-at-white-house-just-six-months-ago/ 
https://www.livemint.com/market/cryptocurrency/sam-bankman-fried-ftx-team-among-top-political-donors-before-bankruptcy-11669031663161.html 
https://twitter.com/dankeeler/status/1519780887893790724 
https://www.bloomberg.com/news/articles/2022-11-25/ftx-mcconnell-bankman-fried-super-pac-donation 
https://www.nytimes.com/2022/11/22/business/ftx-sam-bankman-fried-influence.html 
51:47 Returning Money
https://www.texastribune.org/2022/11/29/beto-orourke-sam-bankman-fried-ftx/ 
52:40 ON THE GROUND BAHAMAS CORRESPONDENT
55:25 Psychology Autopsy
https://www.nytimes.com/2022/11/15/technology/ftx-sam-bankman-fried-psychiatrist.html 
1:05:45 Why Isn't Sam Bankman-Fried in Jail?
1:14:30 Closing & Disclaimers

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Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research.

Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here:
https://www.bankless.com/disclosures 

Transcript

Click on a timestamp to play from that location

0:00.0

Why isn't sbf and jail already right like the hell's wrong what's happening is

0:09.6

anything happening is anyone doing anything about this and I think this is a

0:13.7

topical issue of course because E crypto is really having sort of some

0:19.0

introspection in itself and and asking itself like why why do scammers keep

0:25.1

invading the space and why do we keep falling for it why how does this keep

0:28.6

happening every time David I've been kind of a little bit relaxing over Thanksgiving

0:34.4

so not quite as tuned in but I know you've been a hard at work preparing this

0:38.2

agenda so it's kind of like I want to throw it over to you man and just get me

0:42.3

up to speed but I the basic question is the same question I think in a lot a lot

0:45.5

of bank listeners mind is like what is sbf still doing is anyone going to

0:51.8

bring some accountability to this situation what does this look like it was

0:55.7

really the video that surfaced that somebody took of sbf in the Bahamas like

1:01.1

running around in his like backpack in a cargo shorts and like it was

1:05.2

something like 12 13 14 days the boy went to the Bahamas right I saw I think

1:09.0

that wasn't that wasn't bit boy that recorded that video but the boy is now in

1:12.8

the Bahamas but like we saw this video of sbf just like running around in the

1:17.5

Bahamas like all right like why and why is he not in jail why so like we know he

1:24.1

did a bunch of illegal things we're gonna go through all of the illegal things

1:28.0

that he did but there's this big question is like why isn't anyone outside of

1:32.3

crypto taking this seriously but people in chat David right now are saying

1:36.2

jala isn't for rich people right and this is common sentiment is this part of

1:40.7

the story here is just like have we grown that cynical rich people just don't go

...

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