Sam Bankman-Fried Convicted

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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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[gregtomamichel]

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.

[grayrook]

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

[KevinDIntrovert]

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

[henrygvidonas]

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."

[MoosesValley]

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.

[Ryan_DeWitt]

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.

[TheRogueWolf]

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.

[EmmaMaySeven]

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.

[fingerboxes]

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.

[gordonhowett]

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.

[WalterOtterly]

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

[ignitionfrn]

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

[wgjung]

Fun fact: his parents teach financial ethics at Stanford.

[thefatfella]

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!"

[state_song_xprt]

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"

[Alex-cwrz]

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.

[therongjr]

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

[SleepNeed]

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.

[ejonp]

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.

[Desertphile]

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.