'Mismanaging your company and losing a bunch of other people’s money is not criminal.'
"Mismanaging your company and losing a bunch of other people’s money is not criminal.""Mismanaging your company and losing a bunch of other people’s money is not criminal."If he does, experts say he may end up employing an interesting defense: that his actions weren't criminal — and instead, he was just a staggeringly entitled and incompetent moron.
"Mismanaging your company and losing a bunch of other people’s money is not criminal," Randall Eliason, an ex-prosecutor who now teaches law at DC's George Washington University,In order for Bankman-Fried — who achieved a level of notoriety that he's probably better known by his initials, SBF — to be successfully prosecuted in a criminal court, lawyers for the government or FTX's customers and investors will have to establish that he actuallySectioned...
Eliason told the magazine that prosecutors would something big to establish that SBF and FTX intended to deceive customers and the government — a smoking gun, or an outline of past behavior that establishes a history of fraudulent intent.
, a federal criminal law that technically covers wire fraud but could be applied to electronically-aided fraud charges as well.notes, prosecution under Section 1343 carries a maximum 20-year prison sentence — which, while not the stiffest penalty, could put the 30-year-old crypto CEO away for a significant period.
This story is continuing to unfold rapidly before our eyes, but as it stands now, neither SBF nor any of hisIf they are, however, prosecutors may have a hard job proving that they weren't just
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