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Sam Bankman-Fried sentenced to 25 years in prison

cnn.com

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Re: Sam Bankman-Fried sentenced to 25 years in prison

#91

Post by klodolph »

nixgeek wrote: post #36
w0z_ wrote: post #6

The US prison sentence lengths are insane.

Insanely low? Insanely high? SBF hasn’t really accepted responsibility or apologized through the trial, and didn’t at sentencing either. Judge Kaplan seems to have taken a balanced view — far from the statutory maximum, less than the U.S. wanted, more than the defense wanted. There will of course be appeals — SBF has already indicated he will file one. There’s good coverage of what took place at sentencing today here…

High, generally. The US has the highest incarceration rate in the world, and US sentences are an outlier in terms of how long they are (they’re not the longest, but the whole picture is kind of shocking).

Re: Sam Bankman-Fried sentenced to 25 years in prison

#92

Post by objektif »

ak_111 wrote: post #57
sabana wrote: post #14

Quite a short sentence for the magnitude of the crime. Financial crimes like these do kill people and destroy countless lives. They deserve maximum pentalties.

It is long enough to destroy his life. What matters if he gets out at 70 or 80 if he gets out at 60?

That is a big difference. You can live a pretty good 15 or so years if you get out at 60. Considering that his parents are well off he will inherit some.

Re: Sam Bankman-Fried sentenced to 25 years in prison

#94

Post by hammock »

malermeister wrote: post #65
pixxel wrote: post #45

Earlier quoted context omitted.

He’s ‘new money’. Useful to ‘old money’; nothing more.

There is no "old money" in the US. The country is young enough for all of it to be "new money".

You realize with this comment you are supporting the conspiracy theories about real old money bloodlines from Europe controlling the US, right?

Re: Sam Bankman-Fried sentenced to 25 years in prison

#96

Post by jeffbee »

hluska wrote: post #20
zippothrowaway wrote: post #4

[flagged]

What’s with the sudden turn to “haha everyone was wrong in the past” on here? There’s nothing wrong with being wrong. What’s the point?

It is absolutely worth remembering that much of the commentary on this site is written by some of the most gullible people on the planet. Aside from SBF-Biden conspiracy fans you also have your anti-vax guys, your climate denial guys, suckers for the latest superconductor scam, people who are still falling for a giant astroturf campaign by the fission industry, blockchain believers, and much much more.

Re: Sam Bankman-Fried sentenced to 25 years in prison

#97

Post by jimkleiber »

nkozyra wrote: post #61
PokedBear wrote: post #24

Earlier 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.

I remember reading an article/study that said we think we punish for deterrence, but we mostly punish out of spite.

edit: here's the article...https://aeon.co/ideas/punishment-isnt-about-the-common-good-...

Re: Sam Bankman-Fried sentenced to 25 years in prison

#98

Post by swader999 »

rsynnott wrote: post #78
swader999 wrote: post #7

Earlier quoted context omitted.

Yes, I was one of those doubters.

Why, as a matter of interest? These _really_ big, blatant frauds usually do; see Madoff, Holmes, et al. Like, it's hard to see how he'd avoid prison, certainly in the US. Other noted fraud-y bitcoin exchange guy Mark Karpelès avoided prison after conviction, but the evidence was much weaker there and they only found him guilty on fraudulently inflating MtGox's holdings (a la Donald Trump); also, that was Japan. (Fun…

He was well connected, especially his parents. Huge political donor. He likely would have recieved a small sentence and somewhat validated my doubt had he not purgured and witness tampered during the trial.

Re: Sam Bankman-Fried sentenced to 25 years in prison

#99

Post by pavel_lishin »

w0z_ wrote: post #50
arrowsmith wrote: post #18

Earlier 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.

I don't like the incentives that creates. Private prisons and the existing prison labor system are bad enough.

Re: Sam Bankman-Fried sentenced to 25 years in prison

#100

Post by spencerflem »

hluska wrote: post #20
zippothrowaway wrote: post #4

[flagged]

What’s with the sudden turn to “haha everyone was wrong in the past” on here? There’s nothing wrong with being wrong. What’s the point?

the point is that the older comments were confidently accusing the democrats of being corrupt, in a way that they weren't. its political
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