SBF Is Going to Jail For A Long Time

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Sorry, occupational hazard: This is not legal advice, nor can I give you legal advice. I AM NOT YOUR LAWYER. Sorry! Everything here is for informational purposes only and not for the purpose of providing legal advice. You should contact your attorney to obtain advice with respect to any particular issue or problem. Nothing here should be construed to form an attorney-client relationship. Also, some of the links in this post may be affiliate links, meaning, at no cost to you, I will earn a small commission if you click through and make a purchase. But if you click, it really helps me make more of these videos! All non-licensed clips used for fair use commentary, criticism, and educational purposes. See Hosseinzadeh v. Klein, 276 F.Supp.3d 34 (S.D.N.Y. 2017); Equals Three, LLC v. Jukin Media, Inc., 139 F. Supp. 3d 1094 (C.D. Cal. 2015).

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[גידיגדעון]

Shit actually went from “okay who’s gonna prosecute this guy?” to “This guy actually committed so much crime we’re gonna need more hands on deck”

[Ama-be]

Watching Coffeezilla expose/explain a fraud then Legal Eagle explain the legal proceedings is one of my favourite pastimes

[ZergrushEddie]

This entire saga has really made me understand why so many companies and people just go radio silent after a scandal. This dude really, really did himself zero favors by speaking so often and publicly after the fecal matter struck the atmospheric circulation device

[PilotSolaris]

The fact that a judge wound up revoking SBF's bail and putting him back in jail for witness tampering is *really* damning for his case, if all those witness testimonies aren't damning enough.

[daviddavies]

Imagine giving your money to a company whose CEO's name is just a couple of typos away from "banking fraud."

[SYLperc]

are lawyers allowed to laugh in disbelief at just how guilty their client is? i could never be a defense lawyer...

[limer]

How many kinds of fraud do you want to be accused of committing?
SBF: *Yes.*

[jacobcelmer]

The whole SBF/FTX situation has me excited for my white collared crimes class this winter. Thanks for the breakdown!

[Nefville]

I hope that the feds are looking into his parents. They were both heavily involved in FTX and its hard to imagine they had no idea what he was up to especially considering they are both compliance lawyers.

[Lesverts]

5-10 years from now this guy is gonna have a life story movie made about him that will grossly gloss over the damage he has done.

[angrynoodletwentyfive]

the chatroom was actually called... wire fraud?! that would be like painting "getaway vehicle" on the side of your car before robbing a bank... or labling a safe "big metal room with all the stolen money in it" or naming your front business the "money laundering store"

[Skooskah]

Every time he tweets, he makes it a little bit worse. Somewhere out there is a very tired lawyer considering trying to get their own client's twitter account banned

Edit: Now that I think about it, this comment could apply to like 80% of Legal Eagle's videos

[ItWasSaucerShaped]

I like how the potential jurisdictional tension was resolved.

"Will this be an FTC case or a SEC case?"

"Why not both?"

[Indy_at_the_beach]

"after the meeting, most of the staff resigned"

I can only imagine the shock of those employees and the subsequent realization that their job prospects in tech and finance are now incinerated.

[larrywest]

I truly hope SBF's father, Joseph Bankman, makes his Stanford ethics class publicly available online when he teaches it again.

[TravellerBrianN]

10 months later, I can confirm - you were right sir!

[tamaj]

It really builds confidence when a CEO refers to company funds as "a bunch of money." No accounting skills there, for sure.

[majormoolah]

Reminds me of a classic prison conversation from Oz:
"That is an amazing list of crimes."
"What can I say? I really applied myself."

[brenatevi]

I have a phrase that applies here: "If you are going to do something wrong, you might as well do it right."
SBF took that phrase, really ran with it.

[blwarren]

"... enough crimeing and torting to go around ..." I chuckled at that one. As lawyers, we always find a way to discover new verbs, but those were a couple of good ones hiding in plain sight.