Seems low for what prosecutors consider "one of the biggest financial frauds in U.S. history." https://www.reuters.com/technology/sam-bankman-fried-be-sent...
Shall I pull up some comps? It’s not going to be pretty
Sam Bankman-Fried sentenced to 25 years in prison
81–90 of 1001 posts
Re: Sam Bankman-Fried sentenced to 25 years in prison
#82Earlier quoted context omitted.
If someone isn't a violent threat to society, there isn't much social benefit to keeping folks locked up longer then 20-ish years. 20-25 (assuming he gets the 15% off for good behavior the feds allow) is plenty.
> there isn't much social benefit to keeping folks locked up Deterrent
https://www.ojp.gov/pdffiles1/nij/247350.pdf
Prisons are good for punishing criminals and keeping them off the street, but prison sentences (particularly long sentences) are unlikely to deter future crime. Prisons actually may have the opposite effect: Inmates learn more effective crime strategies from each other, and time spent in prison may desensitize many to the threat of future imprisonment. See “Understanding the Relationship Between Sentencing and Deterrence” for additional discussion on prison as an ineffective deterrent.
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5. There is no proof that the death penalty deters criminals. According to the National Academy of Sciences, “Research on the deterrent effect of capital punishment is uninformative about whether capital punishment increases, decreases, or has no effect on homicide rates.”
Re: Sam Bankman-Fried sentenced to 25 years in prison
#83Earlier quoted context omitted.
Yeah, it's been a bit funny to watch the goalposts move. He won't be arrested, he won't be charged, he won't go to trial, he won't be convicted, he'll get a light sentence, his political donations will get him off, etc.
And I'm wondering now, who else will join him?
Several others have already pled guilty; most notably Wang, Ellison, and Salame.
Re: Sam Bankman-Fried sentenced to 25 years in prison
#84Earlier quoted context omitted.
You think so? 25 years seems quite reasonable to me. He stole billions of dollars.
Not to undermine what he did. The US prison system just seems very unproductive, put him in a factory for 20 of those years.
And then we will have people complaining about slavery...they already say that prison jobs pay below minimum wage so they are slavery.
Re: Sam Bankman-Fried sentenced to 25 years in prison
#85Re: Sam Bankman-Fried sentenced to 25 years in prison
#86Re: Sam Bankman-Fried sentenced to 25 years in prison
#87He will have to serve 21 years before early release. There is no parole in federal prison. I heard 5 years are concurrent making it 20 actual years. If that’s the case he can get out in 17 years. He wasted a good part of his life.
No, it was 20 years + 5 years, to be served consecutively, so the total term is 25 years.
Re: Sam Bankman-Fried sentenced to 25 years in prison
#88Seems low for what prosecutors consider "one of the biggest financial frauds in U.S. history." https://www.reuters.com/technology/sam-bankman-fried-be-sent...
If someone isn't a violent threat to society, there isn't much social benefit to keeping folks locked up longer then 20-ish years. 20-25 (assuming he gets the 15% off for good behavior the feds allow) is plenty.
Lying is a form of violence and so is stealing. Not physical violence mind you, but violence nonetheless.
Re: Sam Bankman-Fried sentenced to 25 years in prison
#89I wonder how many of those will actually be served... one way or the other.
Re: Sam Bankman-Fried sentenced to 25 years in prison
#90Earlier quoted context omitted.
If someone isn't a violent threat to society, there isn't much social benefit to keeping folks locked up longer then 20-ish years. 20-25 (assuming he gets the 15% off for good behavior the feds allow) is plenty.
I have to ask: does 20 years provide more social benefit than 10? 5? Surely there's diminishing returns on imprisonment. As a deterrent and as a punitive, I get it, but even life sentences don't seem to deter crimes that can yield those punishments.
What do you believe Sam would do if granted a shorter sentence, assuming they believe they've done nothing wrong? Who should carry the burden of re-offense without remorse?
People make mistakes, to err is human, and forgiveness should be provided to those with the capacity to change (ie harm less). Compassion is important. But if you don't believe you've done anything wrong, can we not project future potential outcomes? Prison duration is a risk assessment of harm reduction.
EDIT: Prison should still be about rehabilitation and treating humans humanely, to be clear.