2022-12-23 14:36:53
Let's talk about Sam
Yesterday the news broke that Sam had been released on 250 million bail, which means he does have the money. The first information was that the authorities had promised not to release him on bail, but in the end they did. By the way, I was just discussing his fate with a friend yesterday and told him what I thought about Sam, he said that the story is very interesting and so I decided to share it with you.
We have to start with the fact that FTX was the first company to provide futures for the US market, albeit veiled, but still, it's very important. Next, they have carefully tried to undermine Binance's credibility, almost all of the high-profile claims have been made by Reuters, to whom Sam has been pledging dough. Don't ask me how I know this, let's assume I have a good acquaintance. Just as actively involved in this boycott were the SEC who will be investigating FTX and Sam.
Sam was hiding in the Bahamas, where the authorities have no right to extradite their citizens, much less extradite them. But as we see Sam ended up in the states, what magic.
I recall that the SEC has designated FTT tokens as securities. It turns out that he "cheated" people, literally, by not paying taxes accordingly, etc.
And you know what to say at the beginning of the meeting when it comes to taxes and such?
- You have committed crimes against America, against its people, and you will be judged with that in mind.
Failure to pay taxes is very scary in the states, especially if it is on a large scale, so they judge harshly. They can easily give you 20 years, and I'm not making this up, it's public information.
Sam's fate.
Everything Sam did was known in advance to the authorities, only they probably did not realise the scale of the potential failure because they did not check the liquidity. It's not like the U.S. is some kind of Cancun where you can turn over billions under the noses of the authorities.
The launch of derivatives in the USA could not have happened without the participation of the SEC, so they know exactly what Sam is up to. I think there is even an official document where they approved FTX derivatives.
Now they will judge him very "strictly", but not right now, but in a month and a half, to defuse the situation a bit. There will be a barrage of American wrath on Sam. Further he will apologize, will beg the lord and all American justice, he promises that will return everything, that will work till the end of the days and to pay off each penny.
Spoiler He will be believed!
Also all class action suits will be set aside as the jury will take into account that Sam really didn't know what his charges were doing. And his love, who will act as a witness, she will be reclassified as a suspect, she will become one herself without realising it.
Eventually Sam gets out. He'll start up a project again, only he'll do what he's told from above. He'll be a pawn, or rather he was, he just lost it in the moment and believed in himself. No one will give him a 100 year sentence. This is just a classic method of collective appeasement, when people demand some measures and are promised something to comfort them, and then they are going to score because a new event is taking place.
So it is like this. It is not certain that it will be exactly the same, I am not a clairvoyant, but the trajectory of events will not be very different.
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