soheb, to news
@soheb@pkutalk.com avatar

Sam Bankman-Fried has been sentenced to 25 years after being found guilty of fraud and conspiracy charges

https://www.bbc.co.uk/news/live/world-us-canada-68656415

tagesschau, to random German
@tagesschau@ard.social avatar

Ex-Krypto-Unternehmer Bankman-Fried zu 25 Jahren Haft verurteilt

Lange galt er als Krypto-König, zeigte sich mit Prominenten - dann brach 2022 seine Plattform FTX zusammen. Nun muss Sam Bankman-Fried für 25 Jahre ins Gefängnis. Die Staatsanwaltschaft hatte ihm "unübertroffene Gier" vorgeworfen.

➡️ https://www.tagesschau.de/wirtschaft/bankman-fried-ftx-strafe-gericht-100.html?at_medium=mastodon&at_campaign=tagesschau.de

jacob, to random
@jacob@jacobian.org avatar

This is the thing that people who don’t understand how Elizabeth Holmes and Sam Bankman-Fried got away with it for so long are missing. Smoke, mirrors, fakery, and outright lies are endemic in Sillicon Valley. “Fake it til you make it” (or run out of money lol) is woven into the DNA of the place. It’s hard to identify frauds because everyone uses the same scummy tactics. But we’d rather cast Holmes/SBF as villains than look too deeply at the whole industry. https://www.theverge.com/2023/12/7/23992737/google-gemini-misrepresentation-ai-accusation

KatLS,
@KatLS@ohai.social avatar

@jacob just did a two part podcast on Sam and his fan boy accomplices, aiders, and abettors.

https://www.iheart.com/podcast/105-behind-the-bastards-29236323/

tazgetroete, to random German
@tazgetroete@mastodon.social avatar

Das Scheitern des Gründers Adam Neumann ist der neueste Beweis für die Ära der Hochstapler. Für diese sind wir selbst verantwortlich. https://taz.de/Insolvenz-vom-StartUp-WeWork/!5968471/

rabenmutterschafft,
@rabenmutterschafft@mastodon.bida.im avatar
kegill, to random
@kegill@mastodon.social avatar

Guilty. Every charge.

Jury finds co-founder Sam of guilty of fraud, conspiracy and money laundering

“The conviction cements Bankman-Fried as one of the largest financial fraudsters in history, whose victims suffered nearly $10 billion in losses …”

https://wapo.st/3MrnQ5S

noondlyt, to random
@noondlyt@mastodon.social avatar

This is very interesting. Sam Bankman-Fried was worried about a lot of things that were questionable at best.

https://hachyderm.io/@molly0xfff/111219266774755540

tagesschau, to random German
@tagesschau@ard.social avatar

Angeklagter Bankman-Fried: Wahlkampfspenden mit gestohlenen Kundengeldern?

Der wegen Betrugs angeklagte FTX-Gründer Bankman-Fried hat den Ermittlern zufolge gestohlene Kundengelder für politische Einflussnahme genutzt. Er soll 100 Millionen Dollar abgezweigt haben, um Wahlkampfspenden zu finanzieren.

➡️ https://www.tagesschau.de/ausland/amerika/bankman-fried-politische-einflussnahme-100.html?at_medium=mastodon&at_campaign=tagesschau.de

mekkaokereke, to random
@mekkaokereke@hachyderm.io avatar

"Computer Science students should be required to take courses and lectures in ethics! That would fix everything!"

But who is teaching the courses and lectures?

https://stanforddaily.com/2023/08/13/s-b-f-is-leaving-campus-but-stanfords-ties-to-his-case-are-deeper-than-previously-known/

f1337,
@f1337@hachyderm.io avatar

@mekkaokereke
If you asked my father, a retired financial analyst for one of the big pharma companies, he’d tell you:

“Ethics, in business, means not changing horses midstream.”

There is literally no room for morality in his definition of ethics. Maybe it’s just his own horrible personal opinion, for he is never short of them. But he claims to have been taught it during MBA classes, and it seems to me that Stanford defines ethics similarly.

tagesschau, to random German
@tagesschau@ard.social avatar

FTX-Gründer Bankman-Fried muss zurück ins Gefängnis

Der Gründer der Kryptowährungsbörse FTX, Bankman-Fried, stand zuletzt unter Hausarrest. Nun muss er ins Gefängnis. Er soll vor Beginn des Betrugsprozesses versucht haben, Zeugen einzuschüchtern.

➡️ https://www.tagesschau.de/wirtschaft/bankman-fried-ftx-betrugsprozess-102.html?at_medium=mastodon&at_campaign=tagesschau.de

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