<story><title>Why Is No One Asking SFB What Happened to the $3.3B He Borrowed?</title><url>https://www.nakedcapitalism.com/2022/12/earth-to-reporters-why-is-no-one-asking-sfb-what-happened-to-the-3-3-billion-he-borrowed.html</url></story><parent_chain><item><author>ethanbond</author><text>Seems to me people have completely unrealistic expectations of how financial crimes play out. This will take &lt;i&gt;years&lt;/i&gt; to unwind.&lt;p&gt;Pretty obvious the &amp;quot;why isn&amp;#x27;t he in jail yet&amp;quot; screaming is coming from the same place as &amp;quot;why aren&amp;#x27;t I rich yet,&amp;quot; on which this entire empire was built. This stuff takes time. He&amp;#x27;s very obviously going to prison.&lt;p&gt;For context: Enron, whose operations and collapse caused &lt;i&gt;way&lt;/i&gt; more negative impact on the public, fell over in 2001. It wasn&amp;#x27;t until 2004 that Skilling (CEO&amp;#x2F;COO&amp;#x2F;general bad actor) went into FBI custody. It wasn&amp;#x27;t until &lt;i&gt;2006&lt;/i&gt; that he was convicted.&lt;p&gt;Yeah, SBF is going out on a media tour and admitting to all his crimes, so hey maybe they should arrest him now - but why? He&amp;#x27;s clearly too dumb&amp;#x2F;narcissistic to run. Take him to court based on media appearances and he may claim he was hopped up on a boatload of amphetamines to the point of actual delusion. Then oops, guess we didn&amp;#x27;t gather all the &lt;i&gt;hard evidence&lt;/i&gt; needed to convict so we lose our shot! Jeez, people.</text></item><item><author>mikejulietbravo</author><text>Correct - the &amp;quot;everyone&amp;quot; is mainly NYT and some politicians. There are some questions there as it&amp;#x27;s a bit sketchy why they&amp;#x27;re treating him with such kid gloves.</text></item><item><author>tom-thistime</author><text>This may be a &amp;quot;culture gap&amp;quot; (or language gap) between crypto and traditional finance. The FT text directly addresses the question that we&amp;#x27;re told &amp;quot;No one [is] asking.&amp;quot; They asked where&amp;#x27;s the money, and they&amp;#x27;re exposing the fact that no coherent response has been forthcoming.&lt;p&gt;That&amp;#x27;s reporting. The likely interpretation of that piece of reporting is crystal clear to the intended readership. (I.e., the money is probably gone.)&lt;p&gt;[For people who really want to nerd out: If you read all available public filings, the stories in the financial press are much easier to understand accurately. However this one is not subtle.]</text></item></parent_chain><comment><author>sangnoir</author><text>&amp;gt; Seems to me people have completely unrealistic expectations of how financial crimes play out. This will take years to unwind.&lt;p&gt;I doubt there can be a group more perfectly self-selected for seeing TradFi, media and the government as corrupt than today&amp;#x27;s crypto community. What they are experiencing is conformation bias, affirming things they always &amp;quot;knew&amp;quot; to be true all along, based on gut feel more than any real knowledge of how long investigations typically take.</text></comment>
<story><title>Why Is No One Asking SFB What Happened to the $3.3B He Borrowed?</title><url>https://www.nakedcapitalism.com/2022/12/earth-to-reporters-why-is-no-one-asking-sfb-what-happened-to-the-3-3-billion-he-borrowed.html</url></story><parent_chain><item><author>ethanbond</author><text>Seems to me people have completely unrealistic expectations of how financial crimes play out. This will take &lt;i&gt;years&lt;/i&gt; to unwind.&lt;p&gt;Pretty obvious the &amp;quot;why isn&amp;#x27;t he in jail yet&amp;quot; screaming is coming from the same place as &amp;quot;why aren&amp;#x27;t I rich yet,&amp;quot; on which this entire empire was built. This stuff takes time. He&amp;#x27;s very obviously going to prison.&lt;p&gt;For context: Enron, whose operations and collapse caused &lt;i&gt;way&lt;/i&gt; more negative impact on the public, fell over in 2001. It wasn&amp;#x27;t until 2004 that Skilling (CEO&amp;#x2F;COO&amp;#x2F;general bad actor) went into FBI custody. It wasn&amp;#x27;t until &lt;i&gt;2006&lt;/i&gt; that he was convicted.&lt;p&gt;Yeah, SBF is going out on a media tour and admitting to all his crimes, so hey maybe they should arrest him now - but why? He&amp;#x27;s clearly too dumb&amp;#x2F;narcissistic to run. Take him to court based on media appearances and he may claim he was hopped up on a boatload of amphetamines to the point of actual delusion. Then oops, guess we didn&amp;#x27;t gather all the &lt;i&gt;hard evidence&lt;/i&gt; needed to convict so we lose our shot! Jeez, people.</text></item><item><author>mikejulietbravo</author><text>Correct - the &amp;quot;everyone&amp;quot; is mainly NYT and some politicians. There are some questions there as it&amp;#x27;s a bit sketchy why they&amp;#x27;re treating him with such kid gloves.</text></item><item><author>tom-thistime</author><text>This may be a &amp;quot;culture gap&amp;quot; (or language gap) between crypto and traditional finance. The FT text directly addresses the question that we&amp;#x27;re told &amp;quot;No one [is] asking.&amp;quot; They asked where&amp;#x27;s the money, and they&amp;#x27;re exposing the fact that no coherent response has been forthcoming.&lt;p&gt;That&amp;#x27;s reporting. The likely interpretation of that piece of reporting is crystal clear to the intended readership. (I.e., the money is probably gone.)&lt;p&gt;[For people who really want to nerd out: If you read all available public filings, the stories in the financial press are much easier to understand accurately. However this one is not subtle.]</text></item></parent_chain><comment><author>stonemetal12</author><text>Is the media tour a defense plan?  Anyone who might be a decent juror is now exposed to news of the crime and prejudice against him.</text></comment>