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It can happen after the fact of initial sentencing (Federal Rule of Criminal Procedure 35(b)) so they get to think about being a "rat" to make that that long jail sentence become a shorter one.Vanadium 50 said:
It can happen after the fact of initial sentencing (Federal Rule of Criminal Procedure 35(b)) so they get to think about being a "rat" to make that that long jail sentence become a shorter one.Vanadium 50 said:Usually if one provides testimony against one's partners...i.e. "to rat", they get shorter sentences, not longer.
Usually the defense asks for a low number, the prosecution asks for a high number, and the judge picks something in that range. Its rare that they go outside it.
I'd say zero. This is just one of those things that might skim the crud off of the top of the betting gene pool.morrobay said:How worrisome is this for the US dollar? https://www.forbes.com/sites/digita...ers-bet-on-a-donald-trump-bitcoin-price-boom/
How worrisome is what? The national debt? Depends on who you ask. It is a fact that the dollar is worth less than it used to be relative to goods and services (this is just saying there has been inflation) and it is true that servicing the debt is expensive (one-sixth of the federal budget last I checked). How troublesome this is depends on your personal financial situation and your politics.morrobay said:How worrisome is this for the US dollar?
Approximately nothing, same as post #985morrobay said:Ok can I ask you what this will do to the exchange rate? That is USD/All others
Cryptostonks = double the fun.Vanadium 50 said:But crypto, like stonks, can only go up!
Exquisite timing.NEW YORK (AP) — Several online brokerage firms including Charles Schwab, Fidelity and Vanguard appeared to be down for thousands of users early Monday during one of the biggest stock markets sell-offs of 2024.
https://www.yahoo.com/finance/news/investors-across-us-fear-retirement-104400082.htmlA Beverly Hills company that promised to convert retirement accounts into precious metals has seemingly shut down without a trace — and its customers fear their nest eggs have vanished with it.
The company now appears to have shut down and has vacated its office on Wilshire Boulevard.
When Eyewitness News reached out to California’s Department of Financial Protection and Innovation — the agency that regulates financial service providers — officials refused to talk specifically about Oxford Gold. Instead, they issued a warning to Americans (especially older generations) to be careful when trading precious metals.
“They're targeting senior citizens… because they have the highest amount in their retirement funds,” explained Danielle Stoumbos, senior counsel with the agency. “That's really what these precious metals dealers are focusing on. They're trying to encourage people to sell securities in their traditional retirement accounts.”
Stoumbos also reiterated that California does have a “strong anti-fraud statute,” adding that “if there's any misappropriation of customer funds, if there's misrepresentations or omissions in connection with the offer of sale or if there's a scheme to defraud, then we can take enforcement action against the company and the individuals that are operating the company.”
Caroline Ellison, the former CEO of Alameda Research, was sentenced to 24 months in prison for her role in the FTX collapse. She must also forfeit $11 billion.Vanadium 50 said:Does she get to keep any of the money she was paid?
Wow. Considering that she only got something like $6M, that's going to be tough.nsaspook said:She must also forfeit $11 billion.
How does one forfeit $11 billion if one does not have such funds? Future earnings?! Did Ellison ever own such funds?nsaspook said:She must also forfeit $11 billion.
I believe one doesn't.Astronuc said:How does one forfeit $11 billion if one does not have such funds?
https://www.cnbc.com/2024/10/30/ftxs-nishad-singh-gets-not-jail-time-3-years-supervised-release.htmlThe prosecutor also said Singh revealed private conversations with Bankman-Fried that strengthened the government’s case and enabled it to bring charges more quickly against multiple people.
Singh gave prosecutors “documentary evidence the government did not have and likely never would have had,” Roos said.
Former FTX executive Nishad Singh was sentenced to time served and three years of supervised release on Wednesday, becoming the fourth ex-employee of the collapsed crypto exchange to be punished. Singh was also ordered to forfeit $11 billion.
This story just would not have been possible without many betting against it - supported by very logical reasons.Vanadium 50 said:As others have said "The markets can stay irrational longer than you can stay solvent".
Rive said:This story just would not have been possible without many betting against it - supported by very logical reasons.
For short squeezes seatbelts are indeed good choice...nsaspook said:[/MEDIA]