Judge Kaplan: In my judgment, that was an act. And he admitted it, ultimately. On November 15 or 16, he was interviewed by a reporter he knew well who said, You said a lot of stuff about good regulations - was that just P.R. too? He: "Yeah, f*ck regulators."
Judge Kaplan: It was power. Influence... Caroline Ellison was asked, How did the defendant describe his approach to risk? Answer: He said he was risk neutral, he was comfortable as long as positive E.V. - expected value
Judge Kaplan: A man willing to flip a coin as to the continued existence of life on earth. Mr. Bankman-Fried knew that Alameda was spending customer funds on risky investments, political contributions and Bahamas real estate. The funds were not his to use
Judge Kaplan: One of his pithier expression, I think, was "I f*cked up." Mr. Bankman-Fried has the right to plead not guilty & go to trial. Everybody's got that right and I don't hold it against him. But I come back to Ms. Ellison's testimony. He knew it was wrong
Judge Kaplan: He's not going to admit a thing. As is his right. Specific deterrence? His name is mud around the world. But he's persistent and he's a great marketing guy. Mr. Roos is right that the outlines of Sam Bankman-Fried's revised version are clear
Judge Kaplan: The same skills that had him, even after arrest, pitching his story to a huge number of media people. He had every right, we discussed that... On general deterrence, at the end of the day the criminal justice system thrives only if it's seen as fair
Judge Kaplan: People need to feel, It's fair. Or we're back to trial by combat, folks, or something like it. So punishment must fit the seriousness of the crime. And this.. Was. A. Serious. Crimes. Bear with me.
Judge Kaplan: The defendant will rise for the imposition of sentence, please.... [SBF stands, as do his 3 lawyers] Judge Kaplan: I know the Probation Department recommends 105 years, and the Government 40 to 50 years. That would be more than necessary.
Judge Kaplan: I am not diminishing the harm. The brazenness of his actions. His exceptional flexibility with the truth. His apparent lack of any remorse. I want to add one further thought. I did not think it a fruitful use of time to spell out every lie -
Judge Kaplan: When not lying, he was evasive, hair splitting, trying to get the prosecutors to rephrase questions for him. I've been doing this job for close for 30 years. I've never seen a performance like that.
Judge Kaplan: It is the judgment of the court that you are sentenced to 240 months then consecutive 60 [etc] for a total of 300 months [25 years]
Judge Kaplan: Mr. Bankman-Fried, would you like me to read you the conditions? SBF: No, thanks, I'm OK. Judge Kaplan: Any other requests? SBF lawyer Mukasey: We may submit language regarding designation [to which facility] Let me hand it up
@innercitypress Which will be reduced for good behavior and possibly pardoned by Joe Biden on his way out the door. SBF was his second largest donor......