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freyr | 3 years ago

It’s common knowledge to keep your mouth shut at this point. You don’t need to have highly-regarded lawyers advising you to know this, but SBF had (at least) two: his parents, who were with him in the Bahamas.

Even if he was under a delusion that the rules wouldn’t apply to him, we can assume his parents would do everything in their power to reign him in if this was not some sort of strategy.

From what I understand of the interviews, he carefully avoided going into details, and instead used the opportunity to present himself as an “aw, shucks” borderline simpleton with a heart of gold who just got in over his head. He was going to be arrested either way, so how do you see this as not a carefully-planned attempt to improve his public image?

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xnyan|3 years ago

>You don’t need to have highly-regarded lawyers advising you to know this, but SBF had (at least) two: his parents, who were with him in the Bahamas.

My experience has been that working with family or very close friends often nullifies or severally weakens professional sensibilities. It would be very understandable and almost expected if his parents are too closely involved emotionally and financially to be objective in this situation, and even if they were, the parent-child relationship also affects how one takes advice.

I would never rely on a close family member for important legal services, it seems almost as bad an idea as relying on yourself for legal services.