Sam Bankman-Fried Convicted

Though I was unjustly convicted under false pretenses by federal prosecutors willing to lie and misrepresent the law and my rights were deeply violated, having been to prison in the process I found it filled with quite a large number of people who absolutely should be there. One drug dealer, for example, laughed about forcing a desperate woman to fuck his dog for dope. There were also a pair of twins that tried to acquire a toddler for use as a sex slave.

There were also some people that shouldn't have been there, perhaps not put in prison on false charges like me, but taking years off their life was a basic injustice that did nothing to advance society and likely encouraged further criminality.

All nice and stable societies have long-term incarceration. Japan has notoriously hard prisons, even worse than most federal facilities in the United States. If I could, I would change how the prisons worked and treated their prisoners. I would definitely segregate off some of the categories of prisoners from others, and we surely have enough facilities to do so. But without the ability to denaturalize people and permanently expel them to a prison colony, you are going to need large numbers of people in longterm confinement. I'd say society would be much better off if half the prisoners I met never walked free, and a quarter were never incarcerated in the first place. The US justice system has 3 major problems: it convicts too many people, lets the wrong people avoid prison, and has too many people given kid glove sentences who really should go down for a lot longer. Even having been falsely convicted and tortured by the United States, I am not so foolish as to believe in prison abolition.

I think putting him to work until he pays off every stolen dollar would suffice. Making minimum wage stamping license place, it should only take him ~540,906 years[1] of work to pay off his debt to society.

The guy's admitted no fault, no remorse, and kept trying to do the slick-conman-swindle in front of the judge and jury. He's learned no lessons, and we're all better off without having to worry about predators like him.

If you can get 2 years for stealing a car, this seems reasonable.

[1] With weekends, but no holidays.

1. FTX got away with this for so long, in part because they weren't subject to the auditing and scrutiny of traditional finance.

2. Volatile crypto prices exacerbated the issues caused by alameda's borrowing.

3. Sam could pretend that FTX had more assets than it really did thanks to FTT, a crypto coin with no inherent value, and an artificially inflated price.

This was a banking problem, sure. But most banks didn't have this problem. The manipulated nature of cryptocurrency markets and the legal gray area it operates in facilitated this scam.