What are you thinking the crime would be? He bet his company on a literal toss of the dice instead of the routine figurative ones.
Outside of Bribery and ?SarBox? (Whichever regulation handles kickbacks, etc), I can't think of anything.
Outside of Bribery and ?SarBox? (Whichever regulation handles kickbacks, etc), I can't think of anything.
If you get investor money or get a loan on the basis of funding logistics investments, bet it on roulette red, and go bankrupt, I would expect you'd be looking at hard jail time for fraud.
So I'm thinking the crime would be nothing, because he was a winner, and the optics totally changed, and fraud relies on very subjective opinions of a jury.
I think you are definitely in a much worse place for a fraud conviction if you lose money.
https://techcrunch.com/2024/05/08/ftx-crypto-fraud-victims-t...
If you want an accurate reflection, note how much of the crypto deposited went in, and then how much came back out after SBF lost it.
This would be like me depositing USD, someone stealing some of it, then you bragging the value went up because I have a larger quantity as measured in Venezuelan Bolivars. What actually happened is their % they recouped was less than 100 until you artificially change to an entirely different currency.
Losing the gains put SBF in jail for 25 years. Mothballed original comment was "So I'm thinking the crime would be nothing,".
If I stole 1000 bucks from you 3 years ago and repaid 1080 back now, sure, you got some interest, but you still be pretty unhappy with not having access to that money. For some, lack of access to that money could have been extremely damaging.