Live data from Hacker News

Sam Bankman-Fried sentenced to 25 years in prison

cnn.com

161–170 of 1001 posts

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

#161
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?

> 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.

Milken got a sentence reduction for cooperation with prosecutors against others. The other big fish in FTX already cooperated against SBF, who do you expect him to roll over on?

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

#163
post #50

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.

no, private prisons are productive?

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

#164
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...

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.

Feels low to me too. I think the distinction between "violent" is completely irrelevant. I think taking money from people does just as much harm as physically injuring them -- many people would rather have several bones broken than lose their pension.

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

#165
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...

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.

"But financial cons are VICTIMLESS CRIMES! Give the guy a slap on the wrist and let him clean someone else's life's savings again! They may or may not kill themselves. VICTIMLESS!"

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

#166

I 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

Wouldn't that make 85% the minimum, not the average?

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

#167
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.

They could just fit him with a GPS bracelet and ban him from any banking other than a basic cash card.

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

#169
post #64
post #41

Earlier 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

For me, SBF's fraud is a comorbidity but not likely the underlying cause of the suicides. By similar logic, should we imprison all tobacco executives?

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

#170
post #36

Earlier 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).

When you can't solve crimes you have to make the sentences really long as a deterrent.
Post reply on HN