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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

#611

Post by polygamous_bat »

jallen_dot_dev wrote: post #562
FabHK wrote: post #276

Earlier quoted context omitted.

FWIW, I didn't find Lewis's book as bad (or amoral) as it's often made out to be. Yes, he didn't put his judgement in every paragraph, but his description of SBF was: a) absolutely damning! SBF's lack of empathy, his notion that (given that everyone else is stupid) he knew best and should basically ignore the advice of everyone else (particularly his elders), his naive utilitarianism without any deontological/virtue…

> kid He's a 32 year old man.

No no, he is rich so of course he is just a kid, lost in the sauce, accidentally squandering a few billion. Now, 16 year old male from a low income household, those are men, and should know the consequence of their actions better. /s

This infantilizing is disgusting propaganda in and of itself.

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

#612

Post by dist-epoch »

tombert wrote: post #344
bambax wrote: post #62

I think that's about fair and reasonable. It's been said in Europe he would not have gotten more than years and it's probably true. 25 years is a really long time and even if he does only 20, still super long. Here's a live tweeting of the sentencing hearing; some of Judge Kaplan's remarks are really interesting. https://twitter.com/innercitypress/status/177334004374401064...

If I broke into a person's house and stole $1000, even if I didn't directly hurt that person, I could expect to get several years in prison, basically regardless of the state. Lets say three years to be conservative on this? Sam Bankman Fried stole billions of dollars [1], probably often around $1000 at a time from tens of thousands of people. If going with my logic, he should be getting a lot longer than 25 years, u…

[flagged]

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

#613

Post by plandis »

Dalewyn wrote: post #542
Vicinity9635 wrote: post #490

Earlier quoted context omitted.

"AUSA Nicolas Roos: Samuel Bankman-Fried stole $8 billion dollars. It was theft, from customers spread all over the world. It was a loss that impacted people significantly and caused damage. I want to address a few of the new victim letters" "AUSA Roos: They lost their life savings. A man who lives in Portugal - the day before bankruptcy his daughter was born. He was marred by the ominous specter of financial instabi…

[flagged]

I disagree. A bank could act fraudulently too. Stop victim blaming people who are victims of a criminal.

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

#614

Post by tptacek »

A_D_E_P_T wrote: post #159

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…

It's a light sentence by the sentencing guidelines; the judge has departed downwards from what the guidelines would seem to have recommended (we didn't get to see the PSR so we don't know which of the obvious details have been contested).

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

#615

Post by bgitarts »

freedomben wrote: post #504
publius_0xf3 wrote: post #449

It's funny. I lost tens of thousands of dollars thanks to this individual, yet his sentence brings me no joy or arouses any emotion at all. I'm utterly indifferent to his fate for some reason and I don't know why. Yet if he had been a mugger who stole a much smaller amount of money from me on the street, I think I would've been far more vengeful. Should I feel vindictive? Or is it healthy to forget about it and move…

Purely speculation on my part, but I tend to feel similarly, and I think the reason is that the mugger includes a physical threat of violence. Evolutionarily, the emergence of an economy with capital at modern-day scales are so new that we haven't had time to really adjust emotionally. It kind of reminds me of the various birds on previously untouched-by-humanity islands that had no fear of humans and would just sit…

I had a business partner/family member steal money from me in our business. It very much hurt and was a painful experience hoping for vengence. Perhaps SBF being distant from you is what makes you indifferent.

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

#616

Post by tptacek »

j0hnyl wrote: post #603
rgbrenner wrote: post #338

Earlier quoted context omitted.

FTX was one of the biggest frauds in history.. and you're showing us averages. Madoff received a 150 year sentence, and that was with leniency for pleading guilty.

Propotional to the size of Madoff's ponzi, SBFs sentence is heavy.

Both Madoff and SBF redlined the 2B1.1 "monetary amount of fraud" criteria, so the comparison is moot.

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

#617

Post by realfeel78 »

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…

> 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.

Lol they're all very well off. Why tf are you worried about them, of all people in the world?

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

#618

Post by tptacek »

lijok wrote: post #398
tombert wrote: post #344

Earlier quoted context omitted.

If I broke into a person's house and stole $1000, even if I didn't directly hurt that person, I could expect to get several years in prison, basically regardless of the state. Lets say three years to be conservative on this? Sam Bankman Fried stole billions of dollars [1], probably often around $1000 at a time from tens of thousands of people. If going with my logic, he should be getting a lot longer than 25 years, u…

Why do you think SBF requires 20-25 years to rehabilitate?

Rehabilitation simply isn't the only purpose of incarceration.

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

#620

Post by umeshunni »

blululu wrote: post #529
ragazzina wrote: post #474

Earlier quoted context omitted.

It is funny - especially when you consider a mugger on the street would need your money much more than SBF ever would.

Not really. The use of a gun/knife/lethal force implies a much different risk profile (you could easily die or be crippled for life). It's not about the money - it's about the violence.

Yeah, in one case, a few numbers in a database somewhere changed.

In the other, you could be left for dead in an alley in Oakland.

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