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Comment by pearjuice | Hacker News Reader

His ex-girlfriend and CEO of Alameda really put the nail in the coffin. Turned on him for 250K$ bail, forfeiture of all assets and basically no prosecution (except some taxes) as long as she co-operates. Probably dropped the entire playbook of Sam and made the case irrefutable and ironclad.

https://s3.documentcloud.org/documents/23495436/crypto-coope...

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It's good that she did, because he played her for a sucker. He routed that entire massive fraud, which she may have barely understood (we'll see), through her as the CEO of a fake company whose only purpose was to embezzle deposits from FTX customers.

I thought Alameda came first, before FTX. Also, the fraud was on the FTX side, not Alameda, hence it doesn't make sense for him to blame her for it?

Isn't it a two-way fraud? Alameda defrauded FTX by knowingly providing worthless collateral for loans (FTT), which FTX fraudulently made using customer funds.

She's not stupid, don't downplay her intelligence. She absolutely had enough knowledge, education, and know how to see what was going on, and had every opportunity to get out. She didn't because, like most of the people involved, she thought she would be free and clear because line go up

> She's not stupid, don't downplay her intelligence.

You say that. And yet.

> because line go up

I don’t get your point. Why would you think she didn’t know?

> she may have barely understood

Mathematics degree. Both parents economists.

She's 28 and well educated. The "sucker" defense will not work for her.

What do you mean no prosecution? She’s going to be a convicted felon. Just because there isn’t going to be a trial doesn’t mean she’ll have zero consequences.

It's entirely likely she'll land on her feet, write a book, get a netflix documentary, and end up on daytime talk shows talking about her new line of hemp handbags.

If she can semi-credibly claim to be mostly ignorant, and cooperates energetically with prosecutors, anything can happen.

Dancing with the Stars.

$5 says we’ll hear about the sexual harassment charges soon.

Who cashed out the whistleblower reward?

A real-life prisoners' dilemma right there.

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