Sam Bankman-Fried convicted on seven charges
November 2, 2023
https://web3isgoinggreat.com/?id=sam-bankman-fried-convicted
After less than five hours of deliberation, a jury convicted Sam Bankman-Fried of seven fraud and money laundering charges. The conviction followed a five-week-long trial which culminated in Sam Bankman-Fried himself taking the stand, only to appear evasive and sullen as he told prosecutors he couldn't recall many significant events from his time as FTX CEO.Sentencing is scheduled for March 28, 2024, though scheduling could be affected by factors including whether the US decides to continue pursuing an additional five charges also set to be tried in March.
"Piracy can't be stealing if paying for it isn't owning"
This is increasingly how it feels, when things you "own" digitally become inaccessible, and when shows which are locked in streaming services can get delisted on a whim, disappearing forever.
Thank you @Illuminatus for this quote.
[Edit: In case this wasn't clear, this is about entertainment and digital ownership, not physical goods]