{"id":5841,"date":"2023-11-03T15:35:33","date_gmt":"2023-11-03T15:35:33","guid":{"rendered":"https:\/\/diskdrive33.com\/mks\/?p=5841"},"modified":"2023-11-03T16:40:48","modified_gmt":"2023-11-03T16:40:48","slug":"comment-sam-bankman-fried-guilty-verdict","status":"publish","type":"post","link":"https:\/\/diskdrive33.com\/mks\/2023\/11\/03\/comment-sam-bankman-fried-guilty-verdict\/","title":{"rendered":"COMMENT | Sam Bankman-Fried guilty verdict"},"content":{"rendered":"

With news that former FTX cryptocurrency exchange boss, Sam Bankman-Fried, was found guilty of fraud yesterday<\/a>, Martin Kenney said:<\/strong><\/h3>\n

\"\"<\/p>\n

This case is astonishing on so many levels. From the rapid prosecution to the futuristic nature of cryptocurrency, and the simplistic, almost old-fashioned nature of the crime at its centre \u2013 \u2018corruption as old as time\u2019 according to U.S. Attorney Damian Williams \u2013 Sam Bankman-Fried will surely be sent to jail for many, many years.<\/p>\n

Bankman-Fried\u2019s arrogance was to assume he could get away with it. Yet fraud is never a victimless crime and even if investors are able to recoup a proportion of their losses, the devastation that fraud causes can change lives forever.<\/p>\n

The evidence in this case appeared overwhelming. Prosecutors demolished Bankman-Fried\u2019s defence and his failure to recollect key decisions. It took a mere four hours for the jury to arrive at their guilty verdict. Given the size of the case as well as its importance, the prosecution has done an admirable job in pulling all the pieces together. There is great skill in making such cases jury-friendly.<\/p>\n

Our law firm constitutes expertise drawn from multiple jurisdictions, including the U.K. and U.S. Our British contingent has been amazed at the speed of the prosecution in the SBF case. We estimate that a similar case prosecuted in the U.K. would take, on average, six or more years to bring to conclusion. The disparity with the US is startling.<\/p>\n

Bankman-Fried may attempt to appeal, but the evidence against him appeared damning. The verdict should now serve as a warning to investors, and crypto bosses alike, that fraud cannot hide, no matter how sophisticated the industry.<\/p><\/blockquote>\n

Martin Kenney is Head of Firm at MKS (Martin Kenney & Co)<\/a> in the BVI<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

With news that former FTX cryptocurrency exchange boss, Sam Bankman-Fried, was found guilty of fraud, Martin Kenney says the case was astonishing on many levels.<\/p>\n","protected":false},"author":2,"featured_media":5847,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[81],"tags":[316,96,89,393,394],"class_list":["post-5841","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-opinion","tag-crypto","tag-cryptocurrency","tag-fraud","tag-ftx","tag-sam-bankman-fried"],"yoast_head":"\nCOMMENT | Sam Bankman-Fried guilty verdict - MKS<\/title>\n<meta name=\"description\" content=\"Martin Kenney says that the Sam Bankman-Fried prosecution was astonishing on several levels.\" \/>\n<meta name=\"robots\" content=\"noindex, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"COMMENT | Sam Bankman-Fried guilty verdict - MKS\" \/>\n<meta property=\"og:description\" content=\"Martin Kenney says that the Sam Bankman-Fried prosecution was astonishing on several levels.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/diskdrive33.com\/mks\/2023\/11\/03\/comment-sam-bankman-fried-guilty-verdict\/\" \/>\n<meta property=\"og:site_name\" content=\"MKS\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/MartinKenneySolicitors\" \/>\n<meta property=\"article:published_time\" content=\"2023-11-03T15:35:33+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-11-03T16:40:48+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/diskdrive33.com\/mks\/wp-content\/uploads\/2023\/11\/Martin-Kenney-on-SBF-guilty-Business-LinkedIn-Post.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"1200\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Nick Ryan\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@mksolicitors\" \/>\n<meta name=\"twitter:site\" content=\"@mksolicitors\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Nick Ryan\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/diskdrive33.com\/mks\/2023\/11\/03\/comment-sam-bankman-fried-guilty-verdict\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/diskdrive33.com\/mks\/2023\/11\/03\/comment-sam-bankman-fried-guilty-verdict\/\"},\"author\":{\"name\":\"Nick Ryan\",\"@id\":\"https:\/\/diskdrive33.com\/mks\/#\/schema\/person\/8877ccebf0e078d75b8c4a820af7eff2\"},\"headline\":\"COMMENT | Sam Bankman-Fried guilty verdict\",\"datePublished\":\"2023-11-03T15:35:33+00:00\",\"dateModified\":\"2023-11-03T16:40:48+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/diskdrive33.com\/mks\/2023\/11\/03\/comment-sam-bankman-fried-guilty-verdict\/\"},\"wordCount\":299,\"publisher\":{\"@id\":\"https:\/\/diskdrive33.com\/mks\/#organization\"},\"image\":{\"@id\":\"https:\/\/diskdrive33.com\/mks\/2023\/11\/03\/comment-sam-bankman-fried-guilty-verdict\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/diskdrive33.com\/mks\/wp-content\/uploads\/2023\/11\/Martin-Kenney-on-SBF-guilty-Business-LinkedIn-Post.png\",\"keywords\":[\"crypto\",\"cryptocurrency\",\"fraud\",\"ftx\",\"sam bankman-fried\"],\"articleSection\":[\"Opinion\"],\"inLanguage\":\"en-GB\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/diskdrive33.com\/mks\/2023\/11\/03\/comment-sam-bankman-fried-guilty-verdict\/\",\"url\":\"https:\/\/diskdrive33.com\/mks\/2023\/11\/03\/comment-sam-bankman-fried-guilty-verdict\/\",\"name\":\"COMMENT | Sam Bankman-Fried guilty verdict - MKS\",\"isPartOf\":{\"@id\":\"https:\/\/diskdrive33.com\/mks\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/diskdrive33.com\/mks\/2023\/11\/03\/comment-sam-bankman-fried-guilty-verdict\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/diskdrive33.com\/mks\/2023\/11\/03\/comment-sam-bankman-fried-guilty-verdict\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/diskdrive33.com\/mks\/wp-content\/uploads\/2023\/11\/Martin-Kenney-on-SBF-guilty-Business-LinkedIn-Post.png\",\"datePublished\":\"2023-11-03T15:35:33+00:00\",\"dateModified\":\"2023-11-03T16:40:48+00:00\",\"description\":\"Martin Kenney says that the Sam Bankman-Fried prosecution was astonishing on several levels.\",\"breadcrumb\":{\"@id\":\"https:\/\/diskdrive33.com\/mks\/2023\/11\/03\/comment-sam-bankman-fried-guilty-verdict\/#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/diskdrive33.com\/mks\/2023\/11\/03\/comment-sam-bankman-fried-guilty-verdict\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\/\/diskdrive33.com\/mks\/2023\/11\/03\/comment-sam-bankman-fried-guilty-verdict\/#primaryimage\",\"url\":\"https:\/\/diskdrive33.com\/mks\/wp-content\/uploads\/2023\/11\/Martin-Kenney-on-SBF-guilty-Business-LinkedIn-Post.png\",\"contentUrl\":\"https:\/\/diskdrive33.com\/mks\/wp-content\/uploads\/2023\/11\/Martin-Kenney-on-SBF-guilty-Business-LinkedIn-Post.png\",\"width\":1200,\"height\":1200},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/diskdrive33.com\/mks\/2023\/11\/03\/comment-sam-bankman-fried-guilty-verdict\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/diskdrive33.com\/mks\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"COMMENT | Sam Bankman-Fried guilty verdict\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/diskdrive33.com\/mks\/#website\",\"url\":\"https:\/\/diskdrive33.com\/mks\/\",\"name\":\"Martin Kenney & Co (MKS)\",\"description\":\"BVI Lawyers \u2013\u00a0Global Asset Recovery\",\"publisher\":{\"@id\":\"https:\/\/diskdrive33.com\/mks\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/diskdrive33.com\/mks\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-GB\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/diskdrive33.com\/mks\/#organization\",\"name\":\"Martin Kenney & Co (MKS)\",\"url\":\"https:\/\/diskdrive33.com\/mks\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\/\/diskdrive33.com\/mks\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/diskdrive33.com\/mks\/wp-content\/uploads\/2023\/07\/MKS-logo-630-\u00d7-180px.png\",\"contentUrl\":\"https:\/\/diskdrive33.com\/mks\/wp-content\/uploads\/2023\/07\/MKS-logo-630-\u00d7-180px.png\",\"width\":630,\"height\":180,\"caption\":\"Martin Kenney & Co (MKS)\"},\"image\":{\"@id\":\"https:\/\/diskdrive33.com\/mks\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/MartinKenneySolicitors\",\"https:\/\/x.com\/mksolicitors\",\"https:\/\/www.linkedin.com\/company\/martinkenneysolicitors\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/diskdrive33.com\/mks\/#\/schema\/person\/8877ccebf0e078d75b8c4a820af7eff2\",\"name\":\"Nick Ryan\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"COMMENT | Sam Bankman-Fried guilty verdict - MKS","description":"Martin Kenney says that the Sam Bankman-Fried prosecution was astonishing on several levels.","robots":{"index":"noindex","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"og_locale":"en_GB","og_type":"article","og_title":"COMMENT | Sam Bankman-Fried guilty verdict - MKS","og_description":"Martin Kenney says that the Sam Bankman-Fried prosecution was astonishing on several levels.","og_url":"https:\/\/diskdrive33.com\/mks\/2023\/11\/03\/comment-sam-bankman-fried-guilty-verdict\/","og_site_name":"MKS","article_publisher":"https:\/\/www.facebook.com\/MartinKenneySolicitors","article_published_time":"2023-11-03T15:35:33+00:00","article_modified_time":"2023-11-03T16:40:48+00:00","og_image":[{"width":1200,"height":1200,"url":"https:\/\/diskdrive33.com\/mks\/wp-content\/uploads\/2023\/11\/Martin-Kenney-on-SBF-guilty-Business-LinkedIn-Post.png","type":"image\/png"}],"author":"Nick Ryan","twitter_card":"summary_large_image","twitter_creator":"@mksolicitors","twitter_site":"@mksolicitors","twitter_misc":{"Written by":"Nick Ryan","Estimated reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/diskdrive33.com\/mks\/2023\/11\/03\/comment-sam-bankman-fried-guilty-verdict\/#article","isPartOf":{"@id":"https:\/\/diskdrive33.com\/mks\/2023\/11\/03\/comment-sam-bankman-fried-guilty-verdict\/"},"author":{"name":"Nick Ryan","@id":"https:\/\/diskdrive33.com\/mks\/#\/schema\/person\/8877ccebf0e078d75b8c4a820af7eff2"},"headline":"COMMENT | Sam Bankman-Fried guilty verdict","datePublished":"2023-11-03T15:35:33+00:00","dateModified":"2023-11-03T16:40:48+00:00","mainEntityOfPage":{"@id":"https:\/\/diskdrive33.com\/mks\/2023\/11\/03\/comment-sam-bankman-fried-guilty-verdict\/"},"wordCount":299,"publisher":{"@id":"https:\/\/diskdrive33.com\/mks\/#organization"},"image":{"@id":"https:\/\/diskdrive33.com\/mks\/2023\/11\/03\/comment-sam-bankman-fried-guilty-verdict\/#primaryimage"},"thumbnailUrl":"https:\/\/diskdrive33.com\/mks\/wp-content\/uploads\/2023\/11\/Martin-Kenney-on-SBF-guilty-Business-LinkedIn-Post.png","keywords":["crypto","cryptocurrency","fraud","ftx","sam bankman-fried"],"articleSection":["Opinion"],"inLanguage":"en-GB"},{"@type":"WebPage","@id":"https:\/\/diskdrive33.com\/mks\/2023\/11\/03\/comment-sam-bankman-fried-guilty-verdict\/","url":"https:\/\/diskdrive33.com\/mks\/2023\/11\/03\/comment-sam-bankman-fried-guilty-verdict\/","name":"COMMENT | Sam Bankman-Fried guilty verdict - MKS","isPartOf":{"@id":"https:\/\/diskdrive33.com\/mks\/#website"},"primaryImageOfPage":{"@id":"https:\/\/diskdrive33.com\/mks\/2023\/11\/03\/comment-sam-bankman-fried-guilty-verdict\/#primaryimage"},"image":{"@id":"https:\/\/diskdrive33.com\/mks\/2023\/11\/03\/comment-sam-bankman-fried-guilty-verdict\/#primaryimage"},"thumbnailUrl":"https:\/\/diskdrive33.com\/mks\/wp-content\/uploads\/2023\/11\/Martin-Kenney-on-SBF-guilty-Business-LinkedIn-Post.png","datePublished":"2023-11-03T15:35:33+00:00","dateModified":"2023-11-03T16:40:48+00:00","description":"Martin Kenney says that the Sam Bankman-Fried prosecution was astonishing on several levels.","breadcrumb":{"@id":"https:\/\/diskdrive33.com\/mks\/2023\/11\/03\/comment-sam-bankman-fried-guilty-verdict\/#breadcrumb"},"inLanguage":"en-GB","potentialAction":[{"@type":"ReadAction","target":["https:\/\/diskdrive33.com\/mks\/2023\/11\/03\/comment-sam-bankman-fried-guilty-verdict\/"]}]},{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/diskdrive33.com\/mks\/2023\/11\/03\/comment-sam-bankman-fried-guilty-verdict\/#primaryimage","url":"https:\/\/diskdrive33.com\/mks\/wp-content\/uploads\/2023\/11\/Martin-Kenney-on-SBF-guilty-Business-LinkedIn-Post.png","contentUrl":"https:\/\/diskdrive33.com\/mks\/wp-content\/uploads\/2023\/11\/Martin-Kenney-on-SBF-guilty-Business-LinkedIn-Post.png","width":1200,"height":1200},{"@type":"BreadcrumbList","@id":"https:\/\/diskdrive33.com\/mks\/2023\/11\/03\/comment-sam-bankman-fried-guilty-verdict\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/diskdrive33.com\/mks\/"},{"@type":"ListItem","position":2,"name":"COMMENT | Sam Bankman-Fried guilty verdict"}]},{"@type":"WebSite","@id":"https:\/\/diskdrive33.com\/mks\/#website","url":"https:\/\/diskdrive33.com\/mks\/","name":"Martin Kenney & Co (MKS)","description":"BVI Lawyers \u2013\u00a0Global Asset Recovery","publisher":{"@id":"https:\/\/diskdrive33.com\/mks\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/diskdrive33.com\/mks\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-GB"},{"@type":"Organization","@id":"https:\/\/diskdrive33.com\/mks\/#organization","name":"Martin Kenney & Co (MKS)","url":"https:\/\/diskdrive33.com\/mks\/","logo":{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/diskdrive33.com\/mks\/#\/schema\/logo\/image\/","url":"https:\/\/diskdrive33.com\/mks\/wp-content\/uploads\/2023\/07\/MKS-logo-630-\u00d7-180px.png","contentUrl":"https:\/\/diskdrive33.com\/mks\/wp-content\/uploads\/2023\/07\/MKS-logo-630-\u00d7-180px.png","width":630,"height":180,"caption":"Martin Kenney & Co (MKS)"},"image":{"@id":"https:\/\/diskdrive33.com\/mks\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/MartinKenneySolicitors","https:\/\/x.com\/mksolicitors","https:\/\/www.linkedin.com\/company\/martinkenneysolicitors"]},{"@type":"Person","@id":"https:\/\/diskdrive33.com\/mks\/#\/schema\/person\/8877ccebf0e078d75b8c4a820af7eff2","name":"Nick Ryan"}]}},"_links":{"self":[{"href":"https:\/\/diskdrive33.com\/mks\/wp-json\/wp\/v2\/posts\/5841","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/diskdrive33.com\/mks\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/diskdrive33.com\/mks\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/diskdrive33.com\/mks\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/diskdrive33.com\/mks\/wp-json\/wp\/v2\/comments?post=5841"}],"version-history":[{"count":5,"href":"https:\/\/diskdrive33.com\/mks\/wp-json\/wp\/v2\/posts\/5841\/revisions"}],"predecessor-version":[{"id":5854,"href":"https:\/\/diskdrive33.com\/mks\/wp-json\/wp\/v2\/posts\/5841\/revisions\/5854"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/diskdrive33.com\/mks\/wp-json\/wp\/v2\/media\/5847"}],"wp:attachment":[{"href":"https:\/\/diskdrive33.com\/mks\/wp-json\/wp\/v2\/media?parent=5841"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/diskdrive33.com\/mks\/wp-json\/wp\/v2\/categories?post=5841"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/diskdrive33.com\/mks\/wp-json\/wp\/v2\/tags?post=5841"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}