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It’s important to perceive the best way the federal government prosecutes its instances. When you look carefully, all instances are charged with CONSPIRACY. Meaning the proof is NOT the crime itself, however solely an AGREEMENT to commit against the law. Bankman-Fried’s ex-girlfriend, Caroline Ellison, who was additionally the CEO of Alameda Analysis, a privately-controlled hedge fund, and Gary Wang, co-founder of FTX, have each pleaded responsible earlier this week, based on newly unsealed courtroom paperwork. Meaning the case is already over.
Caroline Ellison and Gary Wang minimize offers in order that they get much less time, and even no time, in return for throwing Bankman-Fried below the bus. They’d take the stand and can be ready by the prosecution and artfully say no matter they’re instructed to take care of the federal government’s 99% conviction price.
With their pleas in hand, along with all of the press in opposition to Bankman-Fried, there isn’t a manner he might ever win a trial. His legal professionals can be urging him to take a deal. That would be the finish outcome with no trial and no shot of the reality EVER surfacing. All the cash laundering from Democrats funding Zelensky, who then in flip handed money to FTX who then was the 2nd largest donor to the Democrats for the Midterms, will stay hidden from ever gracing the historical past books with out somebody doing a FOIA 25 years from now.
One of many few New York Judges who uncovered the corruption within the prosecution, Jed S. Rakoff, wrote: Why Innocent People Plead Guilty. They will threaten somebody with 25 years in jail. Plead responsible and say what we’d like you to say, and you’ll get 5 years or much less.
So, any hope that placing Bankman-Fried on trial is a idiot’s dream.
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