211–220 of 1001 posts
SBF is 32 years old - 25 years isn't a death sentence for him Parole is available after 1/3 of term, realistically he won't serve 100% There's still a chance for him to get something out of his life post jail
To put this into its proper perspective, see table 7 here: https://www.ussc.gov/sites/default/files/pdf/research-and-pu... In 2022, the average murderer in the Federal Southern District of New York (N = 58) was sentenced to a median of 231 months, which comes out to 19 years and change. No crime of any type had an mean or median sentence higher than 25 years; most were far less than half. So it should be really hard…
The value of a single human life is not infinite. In engineering and public policy, a value like $10 million / life is typically used to make trade-offs. SBF stole funds far in excess of that.
Secondly, when funds of this scale are stolen, inevitably people wind up dying early from things like stress, and suicides.
SBF is 32 years old - 25 years isn't a death sentence for him Parole is available after 1/3 of term, realistically he won't serve 100% There's still a chance for him to get something out of his life post jail
> Parole is available after 1/3 of term IIRC it's 85%. Federal prison does not have parole, but they do give some credit for good behavior, up to 15%.
The US prison sentence lengths are insane.
Three suicides related to the theft.
I’m not saying that SBF has no culpability, but I don’t think you should get prison time for causing someone’s suicide, or at least society doesn’t act as if it’s in any way equivalent to murder.
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...
He may never marry, never have children, and will experience a very different (and far worse) life than most of the population. I have very little sympathy for the man, and I know draconian punishment is fashionable and cathartic, but I personally think this is a very suitable punishment for the very severe crime he committed.
SBF is 32 years old - 25 years isn't a death sentence for him Parole is available after 1/3 of term, realistically he won't serve 100% There's still a chance for him to get something out of his life post jail
> Parole is available after 1/3 of term IIRC it's 85%. Federal prison does not have parole, but they do give some credit for good behavior, up to 15%.
This is the same man who leaked his ex's diaries while she was testifying against him, which led to his bail being revoked https://www.nytimes.com/2023/08/11/technology/sam-bankman-fr...
SBF is 32 years old - 25 years isn't a death sentence for him Parole is available after 1/3 of term, realistically he won't serve 100% There's still a chance for him to get something out of his life post jail
How much did Jordan Belfort get? Elizabeth Holmes? Mt.Gox guy? 25 years is an exageration to be honest, there was never criminal intent, if anything there was too much belief in their creature, less like Madoff and more like the Long Term Capital Management guys. I don't remember them serving a single day in jail. It goes to show that judges and prosecutors are just trophy hunters for media attention these days, as p…
The crypto space is rife with scams, so it's good to finally see some real sentencing.
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.
This unfortunately widely held belief is measurably wrong and reeks of all kinds of biases. White collar criminals are one of the categories most likely to reoffend. Recidivism is much higher in white collar criminals precisely due to the leniency they often experience and the powerful financial motives associated with these types of crimes.
For violent crime 38.9% of convicts were arrested for new crime within 3 years of release. White collar crime on the other hand had a 58.8% 3-year recidivism rate.
White collar crime poses systemic risks which violent crime doesn't to the same extent. It undermines confidence in institutions by creating corruption and waste, enriching few at the expense of many. When it becomes normalized and widespread this kind of crime can destroy a country's economic and political systems.
A year ago, HN didnt think he was going to jail: https://news.ycombinator.com/item?id=33908850
The top voted comment in that topic is saying he's going to jail. Just because in a forum with a gazillion people some people have a different one doesn't make it representative of the median/mean/etc.
Also, it's not bad to have a counter-opinion to a group; it is bad to claim a singular opinion is that of the group without any actual justification.