The prosecution in Sammy’s trial started out with an immediate error. Their first witness was a commodities trader specializing in cocoa beans. He put 100k into Sammy’s swindle and then was SHOCKEDSHOCKEDSHOCKED that the 100k disappeared.
This plays right into the defense argument that the suckers should have known better.
The argument isn’t valid for most swindlers but it’s precisely and powerfully true here. Sammy is a high-level high-status cheater. He doesn’t waste time on any sucker who won’t lead to INFINITE WEALTH and INFINITE POWER for God aka Sammy. God doesn’t bother with losers and Negative Externalities.
A professional cocoa bean trader KNOWS how this shit works. He does it all the time. He should have recognized (1) Bitcoin isn’t magic beans, it’s just Sammy’s version of cocoa beans. (2) A trading outfit headquartered in the BAHAMAS is prima facie criminal. You don’t choose the BAHAMAS for the beaches, you choose it for the loose tax laws and loose regulations.
I don’t know what this trader was thinking; maybe he figured he could outswindle Sammy. The jury is going to say “Should we convict Sammy, or should we convict this guy who tried to commit the same crime but lost the bet? Which is worse?”
