Why Sam Bankman-Fried Will Serve a Long Federal Prison Sentence
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- čas přidán 21. 08. 2024
- In today's video, I'm reflecting on a piece of criticism that recently landed in my mailbox. It's intriguing how my past as a USC baseball player and the use of props in discussions about white-collar crime can strike a nerve. Yet, these personal tidbits offer a unique perspective that often goes missing when we cover serious issues, like white collar crime, sentencing and federal prison.
Let's stroll down memory lane to my USC days in 1995, where Montell Jordan's "This Is How We Do It" was not just a chart-topper but an anthem that would blare on repeat before our games. I remember those days clearly-three simple wishes on game day, one of which was to escape that overplayed tune. Little did I know that this song would serve as a perfect analogy for the media's coverage of Sam Bankman-Fried, saturated to the point of becoming white noise.
The fixation on Bankman-Fried has reached a fever pitch, with every glance and gesture analyzed for hidden meanings and political cues. This hyper-analysis prompted me to step back from the cacophony despite the lure of participating in the relentless discourse.
While working on a white-collar crime documentary in Los Angeles-a process I'm well-acquainted with following my involvement in the 'Operation Varsity Blues' on Netflix-I stumbled upon a quote attributed to Bankman-Fried: "I was a really negligent student." Assuming the quote's authenticity (because if it's on Google, it's got to be true, right?), it serves as a springboard into a broader conversation about negligence, not just in academia, but in life and leadership.
Negligence, a term I'm intimately familiar with from my journey through the justice system, can manifest in various forms, from casual attire to disregarding how the government perceives one. Had I been in Bankman-Fried's shoes, I would have implored him to consider the government's view of his actions and strategize accordingly rather than fall into the trap of blaming others-a playbook used too often by Elizabeth Holmes.
As someone who's served time in federal prison, I've witnessed the fascination with celebrity downfall and the schadenfreude accompanying it. It's a peculiar aspect of our culture, this mix of voyeurism and a strange sense of justice when the mighty fall. But beyond this spectacle lies actual human cost and, as expressed in Lessons From Prson, a need for genuine introspection.
In our discussion, we move beyond the superficial to the heart of mitigation and the value of character reference letters. These letters, often mishandled, can backfire if they enable rather than speak to the defendant's character. This is where Bankman-Fried and many others falter, failing to present themselves authentically and proactively at sentencing.
But it doesn't end at sentencing. The journey through federal prison and the subsequent release plan are crucial. It's about owning one's story, learning from it, and using it as a tool for growth-not just for self-improvement but to positively impact others.
As I wrap up this reflection, I urge those like Bankman-Fried to shed the negligence that has marred their past. It's about seizing the opportunity for change and not letting past mistakes define his federal prison term. The road through federal prison and beyond is filled with ups and downs, but it can lead to redemption and transformation if walked with purpose and clarity.
So, to Sam Bankman-Fried and to all who find themselves at this crossroads, let this be a moment of awakening.
As Santayana wisely said, "Those who cannot remember the past are condemned to repeat it." Let's remember, let's learn, and let's move forward.
Thanks for watching!
Justin Paperny
jp@whitecollaradvice.com - 818-424-2220
Visit www.whitecolla... to access our federal prison blogs
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Phone : - +1 818-424-2220
Your generous and optimistic exhortations encouraging people to accept responsibility for the consequences of their own actions always succeed in impressing me favorably.
My life turned the corner when I said, “it’s my fault.” It’s healing and vital if one wants to emerge successfully. Thanks for watching and commenting.
Just wanted to say I love your videos. Part of being on the internet is having haters. Don't think I could handle it, but I appreciate what you do
Really appreciate your note. Thank you!
I didn't resent SBF because he was a celebrity. I resented him because he was handed amazing opportunities, access to elite financiers, politicians and he had a solid platform for his voice and for the future of finance. He then looted billions of dollars and squandered these opportunities. To your point, it's a profound negligence and quite frankly I think a lack of gratitude and humility. Every day I wake up with less than 0.01% of what he had ever had and I thank god that I am still alive and have a shot. I've never been rich, I've never met let alone had long conversations with "celebrities", I've never had the opportunity to give an investment pitch, or be the next JP Morgan, and then someone does and then they pour it down the drain. I don't envy him, especially now, but I hate waste. He was a waste.
WOW! You said it very well!
Beautifully said.
Sam Bankman Fried had every break in life that caused him to lose connection with the reality around him. He took his intelligence and connections for granted. He didn't understand the ramifications of his poor behavior and that there were world consequences for misbehavior. Unfortunately, now he is learning what it means to run afoul of of prosecutors, judges, investigators and so on. It is a sad story.
It’s a sad story, but he can recover.
He will be out inn6 months
" Prosperity is a great teacher; adversity a greater", comes to mind.
A quote by William Hazlitt.
Love it!
@@WhiteCollarAdviceOfficialawesome
UK checking in. As always a great piece.
Your running a business, if you choose NOT to find out or understand the rules you need to stick too doesn't mean they dont apply to you.
This is becoming way more common these days, its scary
Correct. Well said,
my dad is a former federal public defender... he told me that the advice he gave clients was "don't lie." SBF's lawyers seemed to not give him this advice when he took the stand and it will hurt him.
Thank you for sharing. Admire your dad and the work he did to help people.
My sister graduated from USC so good for you for having and showing your school pride. Love your videos and insight.
Thank you for watching. I’m so proud to be a Trojan! Happy Holidays…
I wouldn't be bragging about it. USC graduates ....obnoxious.
Shame on you
Have you, or are you planning a follow up or final vid on Elizbeth Holmes? Just curious, thanks, Have a great Christmas and New Years, ren
Thanks, Ren. No plans at this time. Happy Holidays!
That sketch artist must have been last in his class at art school 😂
Pump It Up is my favorite hammer song.
@@WhiteCollarAdviceOfficial It's a banger!
Ok FWIW this is the best and most enjoyable video you've done. Keep up the props and humor. Low key trolling was also great fun. 🤣❤️👍
Thanks so much for your nice words and for watching!!
You should create a video with any baseball highlight clips or stories from your high school and college career!
That would be fun! Here’s a video of me hitting a home run in the Babe Ruth World Series in Houma, LA in 1990. I was 15. czcams.com/video/1NGZsqD5yrk/video.htmlsi=SLz0fHRQ_I5fAl5k
I love you wearing the USC cap! there is no reason to be ashamed. we are all blind and self-centered until God lets us see!
Thank you. Appreciate you watching.
Your a good man Justin 👏💪 Appreciate all your insight, knowledge and advice. B well and TY ✌️😉
Thank you, goo to hear from you!
SBF excelled as a trader and also as a video gamer. He was out of his realm setting up an exchange. He pulled “Minecraft” assets from FTX cause he needed to cover his Alameda world.
Thank you.
Love the videos! Thanks for the inside information!
You’re welcome. Thank you!!
It's 74 degrees in California >>> I FEEL ya! I't been below 70 here in SoCal (San Fernando Valley) at night and I've been bundled up in 20 thousand blankets 😅 ☃️☃️
Hey San Fernando Valley aka 818! I’m from Encino!!
Final video ? Signing off for ever ? Not good you do a great service.
Just last Fried video (but like Jay Z, I have the right to come out of retirement!!). If something big happens in his case, I’ll cover it!!
How about the Binance guy? Which prison?
Yes, great potential for redemption!
Yes!
Yikes, wow. Yeah I gotta say you hit it dead on.
I love the video. But your audio is a little off.
Sounds good to me. Thanks for watching. Happy Holidays!!
He's going to serve time because he did crime. All the personality bullshit is irrelevant. So what if he was handed stuff and had everything going for him. He found a scam and he went for it. It is not complicated. If he robbed a little old lady in person, as opposed to a bunch of credulous greedy youngsters by remote control, would anyone feel sorry or conflicted about him? Why is he discussed as anything except a a scammer thief who cried about it when he got caught and made every excuse in the book. Sounds like a rich prick to me.
You are funny and smart!
I’ll take it!!
Sammy still comes from an elite upper class American family with vast political, financial connections and in academia. He has a very good chance of avoiding a long sentence for nothing else than who and what he is. I highly doubt a judge is going to toss him away.
The Paperny abs class 😂
Considering how many of my kids meals I polish off, I’m no longer qualified to teach the course!!
How does this video have 4.6K likes with only 451 views?
It doesn’t. You tubes numbers are down.
GO Orioles 💪🏿⚾
As a black person, I have to say that "This Is How We Do It" is corny as hell, as is all of Montell Jordan's songs. The 90s were corny as hell and Montell's hit is a product of that era. Seems like a very random comparison with what's going on with SBF. One is an innocuous pop culture hit, the other is a massive multi-billionaire crime that ruined many lives, particularly young people. So you have to be careful with these comparison. Like people don't compare Britney Spears' dysfunction with Charles Mansion's murders for a reason.
Did you steal that cap?
J/k
It’s a helmet!!
74 degrees = about 23 degrees C...summer in the uk :D
I do not know how you do it.
@@WhiteCollarAdviceOfficial lol, we swelter and get the grills out at anything above about 21 C...
He wasn't negligent, he deliberately dismissed them as he did his lawyers and parents, etc.
Your kids are very cute ❤ 5 & 9 are incredibly fun ages.
Ahhh thank you! I’m very fortunate. Someday they will get a kick out of seeing these videos and learning what I do.
A foole and his money is soone parted. Dr John Bridges. 1587.
Mumbling!
Sam needs to go to prison for at least 60 years so when he gets out will be to old to enjoy money he has stashed all over block chain
Just another piggybacking CZcamsr off this whole fraud story. The irony...