Sam Bankman-Fried applies for a pardon from Trump

86 pointsposted 2 hours ago
by pseudolus

57 Comments

tptacek

an hour ago

This story doesn't mean anything. SBF has been "seeking" a pardon for over a year now. There's no due process consideration for obtaining a pardon; "applying" for one doesn't get you anything more than asking for one on Twitter would --- given the current administration, asking on Twitter might get you further! I don't think SBF's case is slipping the administration's mind.

tim333

33 minutes ago

Maybe you apply to Trump's sons with a proposal as to how to enrich their crypto ventures?

kgwxd

an hour ago

> given the current administration, asking on Twitter might get you further!

Doesn't matter how you "apply", as long as the cash is received.

Tangurena2

2 hours ago

Staff working for Giuliani reported that pardons cost $2,000,000.

asdff

2 hours ago

If it were that cheap Sean Combs would be a free man. They probably increase the expected bribe based on your perceived ability to pay.

mattbillenstein

an hour ago

It's probably as much about PR as it is about money - Puffy is a heavy lift on the PR side...

masfuerte

an hour ago

Giuliani was hawking pardons in the final days of Trump's first term. I'd expect that Trump will be much more interested in money than PR in the final days of his second term too. But he might not live that long, which must be excruciating if you're a wealthy crook.

Kapura

an hour ago

you forget how racist trump is

stronglikedan

39 minutes ago

Except he's not, and never has been. Quite the opposite in fact. Sure, he's made blunders out of naivety here and there just like everyone else on the planet, but he's never done or said anything overtly racist like Biden did on multiple occasions.

Larrikin

27 minutes ago

Why do people lie on the Internet? Trump is the most openly racist president in decades

ebbi

24 minutes ago

Virtually every American president is/was racist. If they weren't, they'd have more care and concern for the innocent lives taken by US created/backed wars/genocides.

raised_hand

2 hours ago

that's it? seems low

legitster

5 minutes ago

It's important to remember that Trump was actually relatively cash poor when he ran for president.

If you get rid of all his insane statements about his own wealth, his entire fortune boils down to a skyscraper, a resort, and a handful of piddling licensing deals. His realistic net worth was probably closer to, $500 million and the annual discretionary free cash flow closer to $20 - $40 million.

So, yeah. A single $2 million dollar ... erm... "emolument" would be something like 5-10% of his annual cashflow for a year. He might have taken over a 100 of these - that's a substantial boon!

beastman82

2 hours ago

Unless he's the only rich person on earth who can't figure out how to bribe, this will happen.

forinti

an hour ago

He spent a lot of money on political donations. I don't think it was from the goodness of his heart.

yalogin

an hour ago

I was expecting this to be done by now as the administration is not worried about optics, so not sure what’s holding it up.

Maxatar

an hour ago

Unlike CZ, who made Trump and his family hundreds of millions if not billions of dollars, SBF has absolutely nothing to offer Trump. He's broke and a complete outcast.

Ross Ulbricht became a cause celebre among libertarians, but SBF was always genuinely despised by pretty much everyone.

bpodgursky

an hour ago

Don't be a clown. If SBF was out of jail he could raise a twenty billion dollar fund tomorrow.

His Anthropic investment alone would give him credibility. If it hadn't been liquidated for pennies FTX would have been one of the best performing funds of all time, even with the theft and mismanagement.

rozap

28 minutes ago

This is a good point. We should just let all the ponzi schemes that are currently underway ride. Maybe they made good investments that will return 100x. The only way to know is to not intervene.

nujabe

43 minutes ago

I highly doubt investors would be flocking to give their money to a convicted fraudster. And I would be surprised if he wasn’t still banned from starting a company by the SEC.

themafia

44 minutes ago

> FTX would have been one of the best performing funds of all time

Ponzi schemes often have that feature. Right up until the bottom completely falls out.

bpodgursky

40 minutes ago

It wasn't a Ponzi scheme. You really need to read up before commenting. It was a wildly successful fund he used as a slush fund for other projects. There's no mechanism for FTX to collapse unless Anthropic among other projects collapses to zero.

verteu

17 minutes ago

Alameda was only profitable in the years when Bitcoin was going up. By 2022 their trading operations were deeply negative (hence the decision to steal customer funds).

themafia

an hour ago

> Ross Ulbricht became a cause celebre among libertarians

And was a campaign promise Trump issued in order to secure votes from that base.

jihadjihad

2 hours ago

> Trump has pardoned a number of people who have donated large sums to his political campaigns.

It will be interesting to see how he'll be able to spin his well-documented donations to Democratic causes and sell that to the current administration:

"He personally gave at least $40 million to politicians and political action committees ahead of the 2022 midterm elections, mostly to Democrats and liberal-leaning groups, making him the second overall top donor to Democrats, only behind George Soros, according to the Center for Responsive Politics" [0].

0: https://time.com/6241262/sam-bankman-fried-political-donatio...

bdcravens

2 hours ago

By finding a way to get at least $41 million to the other side

cosmicgadget

2 hours ago

You can call Trump "America's Hitler" and end up the VP pick. All that matters is bending the knee.

lukan

36 minutes ago

The question is, if he would see it really as an insult. Hitler was pretty successful in the beginning and did rise to the top against many odds and breaking conventions. (unlike Trump, he was not born rich, though)

mattas

an hour ago

I had no idea there was an _application_ you could fill out for a pardon.

christoff12

an hour ago

I'm surprised it's taken this long.

ortusdux

an hour ago

Do pardons require a full confession?

wl

an hour ago

There's this notion from the Supreme Court case *Burdick v. United States (1915) that accepting a pardon is an implicit admission of guilt. Therefore, a person can refuse a pardon. There isn't anything in the decision to justify the argument that accepting the pardon is an admission of guilt, it's just stated as a fact. It seems at odds with situations where pardons have been used to correct miscarriages of justice in cases of factual innocence.

Maxatar

an hour ago

Just to clarify, a pardon in the ordinary sense can't be refused. If you're imprisoned and the President pardon's you, you can't decide to refuse the pardon and remain in prison. As soon as the pardon is granted you are released, whether you like it or not, whether you "accept" it or not.

The Burdick case had to do with an individual who had not yet been convicted of anything being offered a pardon in exchange for testimony that could have otherwise incriminated him. The Supreme Court ruled that in that specific scenario someone accepting a pardon could be seen as admitting guilt, so the pardon couldn't be forced on Burdick to strip away his fifth amendment right and compel his testimony.

everforward

41 minutes ago

From what I recall last time I looked into it, sort of by current legal theory.

A pardon does not automatically require a confession (though it could be part of the terms), however blanket pardons remove the ability to plead the 5th on the topic if subpoenaed as a witness. The 5th precludes being forced to testify against yourself, but if the government has declared it not a crime then you can’t testify against yourself even if you wanted to.

From what I recall, non-global pardons still maintained some level of 5th Amendment protections. Ie you were pardoned for A, but talking about A might reveal you did B, so you could still potentially testify against yourself.

Iirc, non-global pardons usually come with a stipulation like “must testify that or about…” because of this.

margalabargala

an hour ago

No. Furthermore, they don't even need to name a specific crime, a person can be pardoned for "any crimes committed in this period" etc.

nickff

an hour ago

No; there have been a number of (controversial) pardons for people who were either not charged or had not been convicted. Gerald Ford set something of a precedent by pardoning Richard Nixon for activities related to the Watergate cover-up, and Joe Biden pre-emptively pardoned his whole family.

These applications of the pardon power have been controversial, but never successfully challenged.

Animats

2 hours ago

Does the White House take Visa for pardons?

iso1631

2 hours ago

No, but they'll take cash, check or bitcoin

Tammany hall blush at what half of HN think is perfectly acceptable.

AgentME

an hour ago

This isn't that surprising after it was reported on that he had notes about claiming to "come out as a Republican and against the woke agenda" as a PR plan to defend himself. (https://gizmodo.com/sbf-floated-coming-out-republican-tucker...) I wonder if Trump is selling pardons and whether SBF still has the means for it. It's depressing that the US's state of affairs is such that this might be a workable strategy for him.

b0sk

2 hours ago

Remember Sam -- Trevor Milton got a pardon via hiring Pam Bondi's brother as his lawyer.

josefritzishere

2 hours ago

100% going to happen. Nobody is taking bets on this.

perryh2

2 hours ago

Check Polymarket

josefritzishere

37 minutes ago

I avoid that website like malware, but point taken. Even if it's a given some fool will play those odds.

kachoio

21 minutes ago

Help Trump launch another meme coin and he’s out

askonomm

2 hours ago

Grifter asking for a pardon from Grifter in Chief. It truly is the land of opportunity.

cdrnsf

an hour ago

A grifter applying for a pardon from the grifter in chief. Of course it'll happen.