Want to Commit a Multi-Billion Dollar Scam Like Sam Bankman-Fried? The US Judicial System is Your Friend

YEREVAN (CoinChapter.com) — Irving R. Kaufa, a United States Court of Appeals judge, once said, “The judicial system is the most expensive machine ever invented for finding out what happened and what to do about it.“

The ongoing case against Sam Bankman-Fried (SBF), the former CEO of the now-defunct cryptocurrency exchange FTX, proves this point. 

In what can be regarded as a mockery of the US criminal justice system, the disgraced crypto mogul is still enjoying his freedom. Unlike many people arrested for much smaller crimes, SBF did not have to spend the holiday season in lockup.

Instead, as CoinChapter earlier reported, he enjoyed Christmas at home with his parents.

So, if you plan to pull off a massive crime worth billions, ensure you are in the United States. In any other decently-run nation, they will lock you up. But not in America. Despite claiming to be the champion of justice and equality, whether you go to jail is decided based on your wealth.

As Equal Justice Under Law, a Washington, DC-based nonprofit, points out, the United States has two separate justice systems: one for the rich and another for everybody else.

Sam Bankman-Fried destroyed peoples’ lives. His deliberate, well-thought-out plan to swindle and misuse the hard-earned money of investors and FTX users leaves no room for sympathy. 

Maybe we should request someone to buy a free subscription to different news portals for the judges and the prosecutor’s office. Every Tom, Dick, and Harry knows what SBF has done except them. What if they don’t know what is going on? Or is there another explanation?

Sam Bankman-Fried lives on the Animal Farm

“All animals are equal, but some are more equal than others“- British author George Orwell’s iconic work Animal Farm reads. 

Details emerging since SBF’s release show that all the talk about a fair and just American legal system is hot air. 

People in the USA were initially shocked when news came from the Bahamas that the former billionaire was receiving a grand treatment in prison. He had cable television, good vegan food, and an air-conditioned facility. 

Outrageous right? Well, dear Americans, at least he was in prison there. Following his extradition to the United States, he is virtually free (at least for now).

This sophisticated 30 years old now lives in an estimated $4 million house, pampered by his well-connected parents. He has a swimming pool, multiple bedrooms, several bathrooms, a huge front lawn, and a backyard. 

SBF can have visitors, and the law enforcement authorities have even allowed him to go for a jog (because, you know, that huge private palace is not enough for him). 

The disgraced crypto star can even have guests over. Some journalists and vloggers have already visited him for exclusive one-on-ones. One must truly wonder if he is being punished or rewarded. 

Recommended: Sam Bankman-Fried Told FTX Execs to Hide $8B in Alameda’s Liabilities

Welcoming 2023 at home- the joke’s on us!

In a few days, Sam Bankman-Fried will be seated at the head of the great New Year’s Eve table, surrounded by his family (and perhaps his friends), welcoming 2023.

Yes, the law says everyone is innocent until proven guilty. We know that. If only it applied to EVERYONE. 

One can read several sob stories about how he has to wear a GPS-activated ankle bracelet, so he doesn’t leave his palace without permission. Oh, poor boy. Ask any prisoner if they would not exchange the jail cell for the same.

Caroline Ellison, his former girlfriend and head of the trading firm Alameda Research, has already pleaded guilty to malpractices along with SBF. Gary Wang, the co-founder of FTX, has also pleaded guilty to fraud. They both gave details of how Bankman-Fried deliberately and knowingly mishandled customer funds. 

But the young, gullible SBF just made an innocent mistake that cost billions of dollars, right? Sure! The fact that he was an alleged Democratic money laundering machine had nothing to do with it. 

The cryptocurrency industry was supposed to replace the evil of the traditional financial sector. It had to empower people so they could finally have control over their finances.

We can all officially thank Sam Bankman-Fried for dashing our hopes of it. Also, a huge salute to the criminal system in the USA for once again showing poor people that justice is far from blind. 

They say money can’t buy happiness. Maybe, but it does get you out of prison ahead of Christmas. That, in my view, is the same thing.