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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

#631

Post by embwbam »

FabHK wrote: post #276
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…

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…

#2 is true of everyone. I'm not arguing against the kind of empathy you're describing, I just think we should extend it to all sorts of criminals. The murderer and rapist in the cell was screwed the moment they were born to dysfunctional, probably abusive parents. They have to fight hard to break the generational cycle.

All this means is that crime and violence are a systemic problem. Thinking about free will as the cause of crime isn't useful compared to thinking about how we might support and treat abused children and help them take a different path.

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

#632

Post by jejeyyy77 »

ragazzina wrote: post #474
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…

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

lol I don't consider how much a criminal "needs" the money.

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

#633

Post by chihuahua »

m3kw9 wrote: post #364

SBFs dream scenario: With the emergence of ASI which causes an era of super abundance and without a need for economics, everyone forgives the financial crime and SBF goes free.

Then he immediately starts an even bigger scheme to destroy that super abundance, based on some crazy "effective altruism" idea that it's somehow even better for 100 billion people who may exist in the future.

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

#636

Post by decremental »

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…

[dead]

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

#639

Post by lo_zamoyski »

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?

Why do you think punishment is only about rehabilitation?

Punishment has three purposes, namely, retribution, rehabilitation, and deterrence.

I also don't know how much rehabilitation actually occurs in our prisons. From what I understand, not much.

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

#640

Post by Aloisius »

vlovich123 wrote: post #233
marcinzm wrote: post #177

Earlier quoted context omitted.

> If anything, it's excessive if you consider the nature of the crime relative to the nature of murder or kidnapping. I suspect the resulting number of shortened lives amongst all the people who lost $8 billion worth of their money due to the fraud is more than the number caused by a single murder.

I thought the “lost” money was simply due to poor accounting and actually found. > Kaplan said he had found that FTX customers lost $8 billion, FTX's equity investors lost $1.7 billion, and that lenders to the Alameda Research hedge fund Bankman-Fried founded lost $1.3 billion. https://www.reuters.com/technology/sam-bankman-fried-be-sent... Clearly the real crime is bilking investors out of their money. It’s also que…

> It’s interesting that by contrast SVB leaders didn’t face any repercussions because they were part of the established ways of doing things even though that ended up being very costly for the government.

Why is it interesting? SVB leaders didn't engage in fraud or money laundering.

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