> Let’s see if his ‘I’m baby’ defense works in court.
It was a foolish move to open his mouth at all on the matter, let alone go on every podcast that invited him and took every interview to spout his self-incriminating non-sense and riling up the Media and the public's ire in the process.
If that was his goal, he has terribly failed to establish anything that suggests it will work
Worst yet... is his choice for chief counsel:
In the U.S., Bankman-Fried has hired defense lawyer Mark Cohen, who is best known for representing Ghislaine Maxwell during her sex trafficking trial, as well as Mexican cartel boss Joaquín "El Chapo" Guzmán.
This string of fails along with his lawyers high profile cases (that ended unfavourable for his clients) makes it seem like he is screwed. He will remain in prison until February at Fox Hill [0].
Personally speaking, he and everyone affiliated with FTX and Alameda have face severe, costly and lengthy sentences; if they're going to go after influencers who lend their name and reputation to these scams then scrutiny has to be made for those politicians, media and VC insiders who also participated in this scam. This has to be the only inevitable outcome in this because without any oversight on that side of things this vanity given to businesses that operate with the false legitimacy of being licensed or regulation will never be addressed if it doesn't expose how those things are granted when you have resources to spend to buy your way into compliance.
0: https://www.forbes.com/sites/davidjeans/2022/12/13/sam-bankm...
It was a foolish move to open his mouth at all on the matter, let alone go on every podcast that invited him and took every interview to spout his self-incriminating non-sense and riling up the Media and the public's ire in the process.
If that was his goal, he has terribly failed to establish anything that suggests it will work
Worst yet... is his choice for chief counsel:
In the U.S., Bankman-Fried has hired defense lawyer Mark Cohen, who is best known for representing Ghislaine Maxwell during her sex trafficking trial, as well as Mexican cartel boss Joaquín "El Chapo" Guzmán.
This string of fails along with his lawyers high profile cases (that ended unfavourable for his clients) makes it seem like he is screwed. He will remain in prison until February at Fox Hill [0].
Personally speaking, he and everyone affiliated with FTX and Alameda have face severe, costly and lengthy sentences; if they're going to go after influencers who lend their name and reputation to these scams then scrutiny has to be made for those politicians, media and VC insiders who also participated in this scam. This has to be the only inevitable outcome in this because without any oversight on that side of things this vanity given to businesses that operate with the false legitimacy of being licensed or regulation will never be addressed if it doesn't expose how those things are granted when you have resources to spend to buy your way into compliance.
0: https://www.forbes.com/sites/davidjeans/2022/12/13/sam-bankm...