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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

#112

Post by CharlesW »

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?

> It is long enough to destroy his life.

Hardly. Milken was sentenced to 10 and served 2. SBF will serve 7, at which point he'll still be under 40.

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

#114

Post by crispyambulance »

chongli wrote: post #41
tithe wrote: post #2

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...

Low? That's high! He didn't kill anyone. A sentence of 25 years completely destroys his life. He's been made an example of.

  > A sentence of 25 years completely destroys his life.
No, it does not "destroy his life". He will be in his early/mid-50's when gets out. Someone with his privilege, education and resources should have known better. It's hard to feel sympathy. I expect that sufficient punishment in cases like this will serve as a deterrent for others like SBF who would do the same.

Hopefully he is ALSO restricted, for life, from ever working in finance again.

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

#115

Post by emanuele232 »

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.

forced work for who breaks the law? you risk to fall in the "slavery with extra steps" situation

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

#116

Post by stonogo »

vitiral wrote: post #88
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.

Lying is a form of violence and so is stealing. Not physical violence mind you, but violence nonetheless.

"Violence" is physical. Without a physical component, there is no violence. It's the entire point of the word.

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

#118

Post by yokem55 »

objektif wrote: post #92
ak_111 wrote: post #57

Earlier quoted context omitted.

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.

He's got 11B in restitution to pay. Any inheritance he gets will be forfeited to that.

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

#119

Post by [deleted] »

JKCalhoun wrote: post #52
segasaturn wrote: post #31

For those wondering, prosecutors asked for 50 years in prison, defense asked for 5 years. So this sentence is right down the middle. 50 years in prison would have been way too long IMO.

Well, 27.5 would be right down the middle. As others have suggested, likely he won't even serve the 25 though.

[deleted]

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

#120

Post by whywhywhywhy »

tithe wrote: post #2

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...

Shocked he’s going at all, was starting to feel like he’d get away with a slap on the wrist considering his contacts.
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