SBF is the original author of the “adults” vs “children” narrative, according to the article.
It’s an incredibly savvy legal strategy and PR move on his part, because if these are just “incompetent kids” then maybe a jury will believe SBF isn’t actually a dangerous sociopath who was caught stuffing billions of dollars into his pockets.
His parents are abetting this pathetic defense and uncritical journalists are amplifying it with puff pieces like this article.
There's also the possibility that the state doesn't really want to stop SBF from incriminating himself, he seems to have been doing a pretty good job so far.
Basically anyone who profited off SBF giving them cash or a position in the company is liable. The issue is it’s too easy to take this too far and start suing everyone at the company that profited at all. One could make a case that the parents knew, colluded with, and championed his actions. That would be the only avenue in this case.
You would think if you were raised by Stanford law professors, you would know the importance of staying silent and not incriminating yourself (especially on record). But I guess SBF has a superiority complex and thinks he can evade punishment if he can manipulate the right people.
Yeah I think it’s why SBF immediately went on about not knowing everything that was going on, that he messed up by misunderstanding things, etc. He’s trying to lay the groundwork for plausible deniability here.
He will either go to prison or kill himself I would bet.
This is crazy. It seems like SBF is determined to go to jail. Put another way: it seems like he's so full of himself and deluded that he thinks these interviews, Tweets and (now) an appearance before Congress are good ideas.
They are not. The one thing you should do when facing a likely criminal indictment is to shut the F up. Every statement you make can be used against you and remove your legal options. You may be admitting to things that the prosecution would otherwise have to prove. Yes, interviews aren't given under oath but then you have to argue what you said was a deliberate lie or you were mistaken. The prosecutor will have a field day with this: "what else did you lie about?", "were you lying then or lying now?", "how are we to believe anything you say when you've admitted that you lie?", etc.
His parents are lawyers. They should know this. He should have legal counsel. They will definitely know this. So he either doesn't have legal counsel or is ignoring their advice.
He will absolutely spend the rest of his life in prison or on the run.
“I don't think there's anything particular about SBF that makes him more likely to re-offend”
No? Not the alleged (and very convincing) parent involvement? The total lack of remorse and continued denial? The latter is typical for fraudsters, but the former is pretty particular to SBF, and definitely would incline someone to be a repeat offender imo.
It’s common knowledge to keep your mouth shut at this point. You don’t need to have highly-regarded lawyers advising you to know this, but SBF had (at least) two: his parents, who were with him in the Bahamas.
Even if he was under a delusion that the rules wouldn’t apply to him, we can assume his parents would do everything in their power to reign him in if this was not some sort of strategy.
From what I understand of the interviews, he carefully avoided going into details, and instead used the opportunity to present himself as an “aw, shucks” borderline simpleton with a heart of gold who just got in over his head. He was going to be arrested either way, so how do you see this as not a carefully-planned attempt to improve his public image?
>Phrased another way, we're about to find out if SBF is morally bankrupt enough to take away a huge portion of his parents assets as well.
If he has hundreds of millions hidden away, he could easily ensure that his parents get some of it later to compensate them.
That said, I don't think he will run. His parents are both Stanford law professors and he has an insane number of connectionsand people that owe him favors. I think he will go to court and put up a very strong defense and end up with around ten years in jail at the end of it all.
No idea. I hope he survives long enough to stand trial because as I understand it, he is just one pawn in a much bigger game and some high profile officials stand to be embarrassed or possibly arrested assuming they are not untouchable. The pessimistic side of me does not expect any of that to occur but rather he falls victim to sleeping guards and broken cameras.
Here [1] is one theory being discussed in some circles but I would not expect anything to come of it.
Is it possible that SBF is throwing himself under the bus to protect parents?
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