The underlying crime was wire fraud, and it happened to be about acquiring IP addresses. He wasn’t prosecuted because he got too many, but for how he got them.
IPv4 addresses are like Socks. You can never have too many...
Tech CEO sentenced to 5 years in IP address scheme
21–30 of 311 posts
Re: Tech CEO sentenced to 5 years in IP address scheme
#22Earlier quoted context omitted.
I guess you missed this part: > Prosecutors showed that each of those shell companies involved the production of notarized affidavits in the names of people who didn’t exist.
No I didn't. I'm wondering how putting someone that is arguably a smart entrepreneur behind jail for 5 year is going to better our society. We need to think about the bigger picture and how this fits into rehabilitation.
Because he’s a criminal cheating society out of public goods for personal gain? What has accelerationism done to your mind?
Re: Tech CEO sentenced to 5 years in IP address scheme
#23Earlier quoted context omitted.
I guess you missed this part: > Prosecutors showed that each of those shell companies involved the production of notarized affidavits in the names of people who didn’t exist.
No I didn't. I'm wondering how putting someone that is arguably a smart entrepreneur behind jail for 5 year is going to better our society. We need to think about the bigger picture and how this fits into rehabilitation.
I'm pretty sure if you have to commit wire fraud to build your business, you can't really claim to be that great an entrepreneur.
Re: Tech CEO sentenced to 5 years in IP address scheme
#24Earlier quoted context omitted.
I guess you missed this part: > Prosecutors showed that each of those shell companies involved the production of notarized affidavits in the names of people who didn’t exist.
No I didn't. I'm wondering how putting someone that is arguably a smart entrepreneur behind jail for 5 year is going to better our society. We need to think about the bigger picture and how this fits into rehabilitation.
What a smart entrepreneur he was to commit fraud!
Re: Tech CEO sentenced to 5 years in IP address scheme
#255 years in jail seems a bit of an overreaction.
Fines don't work, they are treated like the cost of doing business, and are easy to escape (if the corporation, not the person, is fined, move as much of the money away as possible and have the corporation go bankrupt).
So execs need to consider that serious prison time is a possibility, or there will be no constraints on bad behavior.
Re: Tech CEO sentenced to 5 years in IP address scheme
#265 years in jail seems a bit of an overreaction.
The main element of the crime here was creating imaginary people to 'sign' the affidavits submitted to ARIN. Phony companies, phony people, etc. Then the jail time is calculated based on the value of what was taken as a result of the fraud. 5 years seems fairly reasonable for a multi-million dollar scheme, involving multiple employees, explicitly designed to defraud.
White collar crime getting a lengthy custodial sentence is not the normal.
Re: Tech CEO sentenced to 5 years in IP address scheme
#275 years in jail seems a bit of an overreaction.
>> "Prosecutors estimated those addresses were valued at between $10 million and $14 million."
>> "production of notarized affidavits in the names of people who didn’t exist"
> 5 years in jail seems a bit of an overreaction.
Multiple counts of fraud that would have netted $10M and did net a percentage of that? Breaking the notarization process? By a CEO of a tech company?
5 years seems about right, maybe even too lenient.
Re: Tech CEO sentenced to 5 years in IP address scheme
#28Earlier quoted context omitted.
I guess you missed this part: > Prosecutors showed that each of those shell companies involved the production of notarized affidavits in the names of people who didn’t exist.
No I didn't. I'm wondering how putting someone that is arguably a smart entrepreneur behind jail for 5 year is going to better our society. We need to think about the bigger picture and how this fits into rehabilitation.
It will better our society because it will deter other smart entrepreneurs from committing this kind of blatant fraud. If anyone here is ever tempted to try to acquire an asset under false pretenses, just don't, or prison could be in your future.
Re: Tech CEO sentenced to 5 years in IP address scheme
#29Bet he made peanuts compared to the 5 years sitting in prison
Re: Tech CEO sentenced to 5 years in IP address scheme
#30Earlier quoted context omitted.
The main element of the crime here was creating imaginary people to 'sign' the affidavits submitted to ARIN. Phony companies, phony people, etc. Then the jail time is calculated based on the value of what was taken as a result of the fraud. 5 years seems fairly reasonable for a multi-million dollar scheme, involving multiple employees, explicitly designed to defraud.
White collar crime getting a lengthy custodial sentence is not the normal.
But should be ...