Inside Sam Bankman-Fried’s Trial: Power Brokers and Trolls (feat. Katie Baker) - Episode 138

Cas Piancey and ‪@bennettftomlin‬ are joined by Katie Baker of Ringer to discuss the ongoing trial of Sam Bankman-Fried and the role of social media, the cultural significance of the trial, and the effectiveness of the prosecution.
This video was recorded on October 23rd, 2023.
Read more: cryptocriticscorner.com/2023/...
Additional episodes mentioned in this episode:
KZbin playlist of videos about Sam Bankman-Fried Trial
• Sam Bankman-Fried on T...
KZbin playlist of videos about FTX, Alameda Research, and Sam Bankman-Fried
• FTX, Alameda Research,...
Episode 137 - SBF asked FTX’s lawyer to make up excuses for missing money (feat. Danny Nelson)
• Sam Bankman-Fried aske...
Episode 127 - Let’s talk about Number Go Up with Zeke Faux
• Let's talk about Numbe...
Episode 135 - Caroline Ellison Describes Sam Bankman-Fried's Crimes (feat. Nikhilesh De)
• Caroline Ellison Descr...
Episode 133 - Did Sam Bankman-Fried’s Defense Blow It? (feat. David Z. Morris)
• Did Sam Bankman-Fried'...
Episode 130 - Sam Bankman-Fried’s parents were in on it
• Were SBF's parents in ...
Episode 117 - Crypto Critics’ Corner Copes at CoinDesk Consensus Crypto Conference
• Crypto Critics Cope at...
Additional resources:
Katie's article about the trial
www.theringer.com/tech/2023/1...
Protos coverage of the trial
protos.com/sbftrial/
Cas review of 'Number Go Up'
• Crypto Critics Cope at...
Sam Bankman-Fried on Good Morning America
• FTX founder Sam Bankma...
Cas 'interviews' Sam Bankman-Fried
• Unusual Whales Intervi...
Other places to find Crypto Critics' Corner
Website: cryptocriticscorner.com/
Discord: / discord
Bluesky: bsky.app/profile/cryptocritic...
Mastodon: mstdn.social/@CryptoCriticPod
Twitter: / cryptocriticpod
Instagram: / cryptocriticpod
TikTok: vm.tiktok.com/TTPdPN2hK9/
Bennett's KZbin: ‪@bennettftomlin‬
Bennett's D&D KZbin: ‪@BTDND‬
Bennett's BlueSky: bsky.app/profile/bft.wtf
Cas' BlueSky: bsky.app/profile/caspiancey.b...
Bennett's Mastodon: mstdn.social/@bennetttomlin
Bennett's Twitter: / bennetttomlin
Cas' Twitter: / caspiancey
Bennett's Newsletter: TheFUDLetter.com/
Cas' Blog: / thecaspiancey
Bennett's Blog: bennettftomlin.com/
Timestamps:
#crypto #cryptocurrency #podcasts #listenable #ftx #alamedaresearch #sbf #sambankmanfried

[@REEEEDACTED]

excellent interview. sbf is on the witness stand as i’m typing this. it is lightly raining outside, and i have a candle burning. my cat is asleep beside me. life is good.

[@picahudsoniaunflocked5426]

Appreciated this guest so much. She has so many observations that fill in some major blanks for me.

[@warrenpeece1726]

Poor SBF! He probably thought all those celebs and politicians really liked him, for his sparkling personality! He had to learn the hard way - when there's a whiff of trouble and/or you are not perceived as super rich anymore you are dropped like a hot potato!

[@ahammer7000]

Witch hunt.. crypto is all criminal

[@harrickvharrick3957]

POOR? You re joking, right? He would have been fine, would have enjoyed a quite doable life with more comfort(s) and richness than many others (and he never lived in poverty to begin with as his parents were well off, making good money) IF ONLY HE WOULD HAVE PLAYED FAIR AND 'BY THE BOOK'.He could have lived tremendously well on a great salary. He would still live a very nice life in freedom, but instead he has stolen over $ 8,000,000,000 (that's eight billion, in other words eight thousand million) stealing that from all people who had entrusted their money to him, in other words his customers!

[@Kawiboy]

I agree Cas .. Her writing absolutely gives ya that feeling of actually being there 👏✌️.. Appreciate ya Fellas 👊

[@duanemansel5704]

CAN'T WAIT TO HEAR SAM WHINE AND CRY ON THE STAND.

[@stephenschiavone8592]

His "Aw Shucks" approach is really going to piss the jury off.

[@RWSCOTT]

oh wow great chat! I love any journalist who can use the expression 'chuckleheads'. 😂 Every time I see a picture of SBF I think of that judge/prosecutor exchange from Idiocracy: Judge: Why do you think he's guilty? Prosecutor: Well I mean, just look at him.

[@Aronoshnitzel]

One of the things I love about your channel is that you guys always seem to ask the exact questions I’m wondering about and then go 2, 3 levels deeper

[@jimpollard9392]

SBF STILL thinks he can talk his way out of trouble. Such an intelligent person, but so deluded.

[@sunnohh]

Dude is and was not intelligent

[@frevazz3364]

He is a narcissist thus not shocked he volunteered to testify. He loves attention.

[@SerMattzio]

"Intelligent."

[@frevazz3364]

​@@SerMattzio more like weirdo

[@WolfsHead-bp6vs]

he is not very intelligent.

[@jaredbissenden6230]

Based on some of the discourse online, I'm genuinely wondering if SBF actually cares if he's found guilty. As long as in the eyes of his delusion cult fans that the government is just over saturating the prosecution and dog-piling on him... he's seen the victim in this case. I'm reading threads where people think the trial isn't televised so they can "do the corruption", as though a trial being televised is the norm. I know these people have no idea what they are talking about, but those are the most dangerous people.

[@picahudsoniaunflocked5426]

Another one for the playlist. Thank you!

[@sunnohh]

Great guest really fun interview

[@fassin666]

Omg, Cas Piancey, Bloomberg Original documentary superstar? Hiiiiiiii

[@GhoulishGrinMedia]

Congrats Cas on your appearance in the Bloomberg documentary “Ruin.” It’s a really well made film and captures a very interesting time in history.

[@bettycattk5298]

How can you be a journalist and use”like “ every other word?!?!?

[@bc-guy852]

A fantastic guest; as has been mentioned she has some very interesting insights. One of your best episodes ever. Well done.

[@ue4058]

Kate Baker's coverage for The Ringer was excellent right through to the end of the trial. It would be great if you can get her back on now that it's over, to talk about SBF's testimony and the lightning fast verdict.So much more of interest after this interview aired. Thanks!

[@donnchadhban]

Is this a competition to see who can fit the word "like" into their speech the most frequently?

[@northerngirl4666]

It’s a world-wide disease.

[@aerotube7291]

Good show guys. I've watched a fair few(non investor)...The explorations in defence of decency and acknowledgement of emotional flow on effects and breakdown of grey areas by Bennet in a previous episose was attention grabbing for me.

[@dwyurr]

yooo IRC gang before torrents i was 10 year old on mIRC downloading anime

[@nineteenfortyeight6762]

Uh-oh

[@dwyurr]

SBF's parents are putting in all on the line because that's the only option they can come up with & probably truly believe he will get off if given the proper defense etc.

[@nunyabizness573]

FTX was similar to MLM's in the sense that the customers/investors became the Venture Capitalist lenders the way the employees become the customers in MLM's. SBF got interest free loans to pay off some of the VC loans so he didn't have to pay high interest to the VC's. When those funds/ loans from customer funds came due with interest, SBF switched them to a non interest accounts. Customers were deceived into loaning money for infinite research and experiments. Now we know it was all leading up to customers loaning FTX money to research artificial intelligence. Who cares about AI??? There may be some uses for it here and there but AI and banking don't mix.

[@Mwesi]

Just when you think you have seen it all LOL. I like the long build up to your explanation of the Villain of the moment. Good dialogue Katie!

[@kozmikoztrich8524]

Some thoughts guys - Visually it is difficult to have you jump showing one-person to one-person ... The more you keep all THREE of you on screen at the same time the easier it is to digest the conversation visually. All the shifts feel distracting. I often times want to watch the video but I find myself shutting it off and just go to the podcast to avoid the messy switching.

[@mcspud]

agreed

[@benjaminaristotleboes3157]

36:00 🤣🤣🤣🤣 "I mean Sam could win the lottery tomorrow y'all!!!!!" 🤣🤣🤣🤣💀

[@jessyhavron2548]

Yes seems like the only million dollar lottery winners are from California and New York, not many in the south.

[@stay.in.school.]

tales from the crypto

[@cdo...49283]

I honestly am praying someone secretly records Sam's testimony, that's gonna be lit ❤

[@Bob.martens]

That would be a go-to-jail immediately offence. Don't keep your hopes up for anybody risking it.

[@benjaminaristotleboes3157]

43:50 , is this a question the prosecutor could ask??? Like "What's Sam's end game?" Same for his parents.....

[@frevazz3364]

How can anyone listen to SBF's annoying weaselly voice and think "Oh yea I'm giving this guy all this money!"

[@donnchadhban]

...and watch him constantly wobbling his leg like a nervous adolescent. He has the finesse and decorum of a spilt ashtray.

[@gertrudlehmann4869]

No-one ever mentions the voice! Thank you. Extremely annoying. He should have spent some money on a voice coach, or was it part of the set-up like his hair?

[@69weed.420]

Nice work boys👍

[@loislois3526]

Where can I find Bennet Toms channel? Or is this it? I keep finding videos he's a guest in and I want to watch all of this videos ever

[@CryptoCriticPod]

He hosts here, but his personal channel is youtube.com/@bennettftomlin?si=W-AyoIhaYNqWQD8t

[@Bob.martens]

By being a nice guy? Nah: by paying them or their friends, directly or indirectly.

[@fakename1656]

Fun as always

[@Royboy1785]

Sam and fam froze the assets of some big players who will def have losses due to liquidity.

[@paulpritchard8807]

Why do these podcasters giggle so much ?

[@michaelmoorrees3585]

Most crimes are the responsibility of the state where they were committed. So tried in state court. Federal crimes, domestically, mostly (not exclusively) involve something financial. So most inmates in federal prison, are embezzling accountants, stock brokers, and con men selling fake securities. The rapist and murderers are in state prison, mostly. Jesus, don't they teach that in high school anymore !? OJ trial was a simple murder case, so state court. The rules of video and cameras, is up to those individual jurisdictions, Sometimes to the specific judge. Federal court, does not allow any cameras, or other recording, other than those done by court paid staff, such as a court stenographer. If you paid attention to Elizabeth Holmes' case, then you would be aware of it.

[@WolfsHead-bp6vs]

algorithm stuff

[@ratcitywoodwork]

from left to right: crystal, valentina, tajin.

[@AlbinoMutant]

SBF conned his parents into supporting him. They went all in on his innocence. Mistakes were made.

[@Once_in_a_Lifetime]

Sam wasn’t involved in the political circles, his mother brought him and his brother and sister into that. Sam didn’t learn tax law in University, you have to have experience to set this all up. His father set all this up, including setting him up with banks that would be set up to handle crypto with Federal Reserve over-site instead of FDIC. Sam didn’t have time to get all this real world experience. The evil in all this originates from the parents. Thank god that a spotlight will now be focused on the family.

[@AlbinoMutant]

​@@Once_in_a_Lifetime Oh sure they were involved in a lot of it. As soon as they smelled the money they went full r*tard. Before Sam's campaign finance trial begins his mother will probably be indicted as part of the conspiracy. I'm 90% sure of that. But they weren't aware he was stealing money from customers. We can deduce it from their actions before and during the criminal trial. They encouraged him to fight the charges with everything he and they could scrape together, resulting in what looks to be a colossal mistake. As presumably competent attorneys with connections to the most elite of elite criminal law firms across the country, if they had any inkling of the evidence against him they would have literally forced him to take a plea and cooperate and throw everything and everyone under the bus before they could turn around and do it to him. If they knew anything they would never sit by and watch him roll the dice. Reports throughout the trial concerning the parents are telling. They went from from defiant confidence at the start to slumping in their chairs in the middle, to burying their faces 3/4 through, to literally crying as the prosecution rested its case. It paints an incredibly clear picture of how stupid they really were to believe what Sam was assuring them. They aren't innocent, but I believe they were conned by their son into believing he was incapable of lying about any of it. Parents can be blind sometimes.

[@TheManInBush]

I sent BTC to the address that was signal messaged to me a month ago and have yet to receive my Cas Coins - any idea on when they will be deposited into my wallet?

[@theresachung703]

You guys are great. The "likes" make listening hard, though. Love valley girl as much as rhe next person but the "likes" do detract. JMO

[@muntedme203]

Crypto is modern day Tulip mania. Get rich quick self promoters. It doesn't do anything, make anything...ends badly. SEC catching up with the promoters and shills.

[@frankherman5195]

The tulip thing was crazy...wonder how the flourists back then made out

[@bettycattk5298]

Do you need a “ helmet “ to do a podcast?

[@northerngirl4666]

Didn’t enjoy this video as much as others. Too much inside stuff, names, etc., obviously this wasn’t for general public consumption. However, will keep dropping by as usually, the info is very good and easy to digest.

[@amanorevold]

Like and you know.....? 456

[@SopwithTheCamel]

Gave millions to Democrats . He is protected.

[@bettycattk5298]

Are they speaking in code?? Very silly podcast. I don’t think I’ll return.

[@fakename1656]

Bye felicia

[@walterdemarchi5256]

They need real jobs.

[@raleighboyz5106]

I know this guy well..look...all bait post..he wants shipping money scammer

[@apollothirteen9236]

Free SBF! No justice, no peace!