Tuesday, November 28, 2023

Sam Bankman-Fried’s Determined Final Stand



One, SBF has lengthy had confidence in his persuasive capabilities. Following FTX’s collapse final November, SBF back-channeled with quite a few reporters to inform his aspect of story, typically downplaying his information of what was occurring and – in a preview of his present protection – making out that he was extra out-of-his-depth than malevolent and calculating. He even began his personal Substack, going in opposition to the recommendation of quite a few attorneys who cautioned in opposition to self-incrimination. And two: He has nothing to lose at this level. SBF may be very more likely to be convicted on not less than a few of the a number of counts of fraud he faces, and he’s very more likely to go to jail. His greatest probability of a diminished sentence, the considering goes, is to make a case that he by no means meant to defraud.

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