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?
> 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.
Sam Bankman-Fried sentenced to 25 years in prison
161–170 of 1001 posts
Re: Sam Bankman-Fried sentenced to 25 years in prison
#162Re: Sam Bankman-Fried sentenced to 25 years in prison
#163Re: Sam Bankman-Fried sentenced to 25 years in prison
#164Seems 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.
The benefit is the deterrent. It's especially important for wealthy people who we may wonder if they greased wheels behind the scenes.
If you want somebody to cry about, cry about a man doing a life sentence for marijuana possession, not sbf. [1]
1 - https://eji.org/news/life-sentence-for-marijuana-possession-...
Re: Sam Bankman-Fried sentenced to 25 years in prison
#165Seems 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.
Re: Sam Bankman-Fried sentenced to 25 years in prison
#166I wonder how many of those will actually be served... one way or the other.
Federal prisoners serve an average of 85% of their sentence. One year gets you 54 days "good conduct time" and that's about it. https://en.wikipedia.org/wiki/Good_conduct_time
Re: Sam Bankman-Fried sentenced to 25 years in prison
#167Quite a short sentence for the magnitude of the crime. Financial crimes like these do kill people and destroy countless lives. They deserve maximum pentalties.
Re: Sam Bankman-Fried sentenced to 25 years in prison
#168I recall people very confidently saying he would never be prosecuted for his political ties.
Re: Sam Bankman-Fried sentenced to 25 years in prison
#169Earlier quoted context omitted.
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.
Maybe he didn't kill anyone directly, but I can assure you that plenty of people committed suicide solely as a consequence of his actions
Personally, I'm glad SBF is being held accountable but this sentence seems very harsh, especially given that I expect all of his coconspirators will mostly be let off the hook.
Re: Sam Bankman-Fried sentenced to 25 years in prison
#170Earlier quoted context omitted.
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).