Hacker News Board Hacker News, browsed like a classic message board
Live data from Hacker News

Sam Bankman-Fried sentenced to 25 years in prison

cnn.com

Post reply on HN
Print view View original

251–260 of 1001 posts

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

#251

Post by hereonout2 »

crispyambulance wrote: post #114
chongli wrote: 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.

> 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 eve…

I didn't read any sympathy in that comment, they just seem to be pointing out that 25 years is not a "low" sentence.

I would also agree that spending a 3rd of your life in prison is in effect destroying it.

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

#252

Post by AtlasBarfed »

vadansky wrote: post #211
maxclark wrote: post #195

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

It's been posted a thousand times already, there is no parole for federal sentences.

There is, however, pardons.

He'll probably need to wait about 2-4 terms, but eventually the bribery ... uh ... mercy will go through.

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

#253

Post by CodeWriter23 »

laidoffamazon wrote: post #95

I recall people very confidently saying he would never be prosecuted for his political ties.

The regime occasionally must sacrifice one of its own to grant the appearance of fairness to its politically-motivated prosecutions of its opponents.

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

#254

Post by CraigJPerry »

zug_zug wrote: post #164
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.

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…

>> The benefit is the deterrent

That’s utterly useless. There is simply no way any sociopath gives one iota about it.

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

#255

Post by rgbrenner »

bodiekane wrote: post #181

It's wild that 99% of the "point" of crypto and a Bahamas-based exchange was to avoid all the laws around securities trading, banking, money transferring (anti-money laundering, taxes, etc), etc and yet when things go south, people still expect the government to come in and enforce a tiny subset of the financial laws they've otherwise been operating outside of. This is a weird form of "privatize the profits, socializ…

If you conduct criminal activity while employed, you conducted criminal activity. You can't just walk into work at 8am, kill someone at 9am, and go home at 5. You still did the crime, and can be prosecuted for it.

So let me rephrase your question: can a US citizen file some papers internationally that would permit them to conduct criminal activities in the US against other US citizens.

The answer should not be surprising.

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

#256

Post by yieldcrv »

bodiekane wrote: post #181

It's wild that 99% of the "point" of crypto and a Bahamas-based exchange was to avoid all the laws around securities trading, banking, money transferring (anti-money laundering, taxes, etc), etc and yet when things go south, people still expect the government to come in and enforce a tiny subset of the financial laws they've otherwise been operating outside of. This is a weird form of "privatize the profits, socializ…

Using crypto with or as a custodian never had that standard you are referring to.

Fascinating level of cognitive dissonance that is prevalant in this thread. It’s a mixture of conflating competing ideas, and strawman arguments to discredit crypto users.

Custodians are subject to liability based on their own citizenship, the citizenship of their clients, and the location of the infrastructure being used, it doesn't matter what type of asset is involved.

Dang, we should really flag these non sequitur posts on every crypto thread that appears on HN, we’re almost 20 years in and the discussion level is a large aberration lower compared to other tech topics on HN and other dev and enthusiast crypto forums still, when it should be the opposite. flagging practically everything would promote more substantive discussions by making that point to otherwise well adjusted people, and surfacing the things that work well within crypto to people that otherwise aren’t exposed to that.

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

#257

Post by carabiner »

maxclark wrote: post #195

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

He'll be out around 2040: https://x.com/wagieeacc/status/1768798879959400776?s=46&t=N5...

Shkreli far and away has been providing the most informed analysis of this case. He trashed the letters to the judge from SBF's parents, then Judge Kaplan went on to raise the exact points Shkreli said he would.

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

#258

Post by themaninthedark »

adamtaylor_13 wrote: post #149

It blows my mind that we let sex offenders off for less. Is it just me or does that seem backwards? Brian Peck got 16 months of prison and it seems to be that he caused a lot more harm to society than ol SBF here.

Brian Peck was unfortunately allowed to plead "No Contest" rather then being brought to trial or pleading guilty.

I can't find the case but he was also probably charged by the state rather than the Feds.

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

#259

Post by WhatIsDukkha »

setgree wrote: post #176

An uncle once commented about a cousin of ours that he demonstrated how it's possible to screw things up so badly that you can't possibly recover. I think that's true for Sam. I hope it's not true for the people in his orbit; I hope they can get out from under this and try to find meaning, ideally from repairing the harm they've done. As Rick Heicklen writes, "We are not ever going to be Sam. But we could be Caroline…

[flagged]

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

#260

Post by robswc »

bodiekane wrote: post #181

It's wild that 99% of the "point" of crypto and a Bahamas-based exchange was to avoid all the laws around securities trading, banking, money transferring (anti-money laundering, taxes, etc), etc and yet when things go south, people still expect the government to come in and enforce a tiny subset of the financial laws they've otherwise been operating outside of. This is a weird form of "privatize the profits, socializ…

Those people are mostly hypocrites.

Your complaint would be solved with less gray area.

Businesses outside of the US should be able to do business with US citizens _without_ the consent of the US government. This comes with the caveat that if you, the customer, reject the "protection" of the US government, you are completely and totally SOL if things go south.

Post reply on HN