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Sam Bankman-Fried sentenced to 25 years in prison

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

#821

Lol. "My useful life is over," he says. As if there was anything useful about setting up a fraudulent exchange to steal billions of dollars so he could go play animal house with Caroline in his penthouse.

Regardless of fraud, he donated a lot of money, some to noble causes. This is useful, even of it was not his money.

Sure, tell that to all the people who were bankrupted because of him.

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

#822

I love harsh American justice. In some countries you can stalk, kidnap, rape, kill, and then dismember a child and get less of a sentence than SBF. I have seen terrorists conduct attacks where mass casualties and death occur, they get sentenced to five years, get "rehabilitated" and then go free and do it all again. I have heard people drone on about American prison sentences being overboard but after seeing hundreds…

Sorry but you’re suggesting that the USA is the only country that gets punitive justice right?

Works pretty well out here in Australia, or much of Eastern Europe.

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

#823

Earlier quoted context omitted.

Stole 1% from the pension fund for Ontario's teachers. Stole unknown amounts of peoples retirement. Ruined many peoples lives. How is 50 years too long? The literal largest fraud case in history doesn't even have a life sentence... We are sending a clear message, grift and steal your way to the top and then get out just in time to retire with all your stolen goods. You know when he gets out he is gonna go unlock a de…

Btw is that money irretrievably gone? Are those people getting their money back based on the recovered price of crypto? Or did those assets get liquidated long ago into actualized losses?

>FTX Says It Expects to Repay Customers in Full. Some Are Suing for More https://www.wired.com/story/ftx-bankruptcy-bitcoin-value/

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

#824

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…

I lost hundreds of thousands of dollars with this guy. I was hateful when this whole thing was unwinding. Now I’m indifferent — I just hope John Ray can make the customers whole

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

#825

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 don't think Caroline is a bad person. She was brilliant smart and focused on academics etc. She got pulled into this mess during the crypto mania phase.

She willingly conjured up fake financial documents to suit Sam's needs. She had the kind of credentials that would have easily landed her a job at other financial institutions, she absolutely could have quit at any point.

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

#826

Earlier quoted context omitted.

I think humans also feel no anger towards deadly diseases. Maybe it is more comparable to that. However, I do know that people can feel very ashamed from scams like phishing attacks and caller scams.

There no intent to personally harm with a disease/virus — it's just what they do and one of the players in the game of life. Versus someone calling you specifically to cause harm, especially when they can comprehend the harm they are intending to inflict, in your example.

Predators also 'play the game of life' and humanity is downright vindictive about any who prey upon them. I personally suspect the real difference is how incredibly hard it is to target a disease. Hell, just identification of what a disease really is was spotty for millennia.

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

#827
post #599

Earlier quoted context omitted.

Tulum seems so greasy. I want to see it anyway.

Tulum is fine but I would not ever go again if my friend didn't live there. It's just the intersection of nacros, tourism, cancun spillover, hella overpriced beach clubs. Probably my least favorite place I've been in Mexico, tbh.

I think it’s the hippie aesthetic some of the younger people there have at total odds with its reality that amuses me. Truly more interested in the other parts of the Yucatán though - looks gorgeous.

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

#828
post #509

Earlier quoted context omitted.

I didn't lose a penny and I'm giddy about it. Justice has been done.

> I didn't lose a penny and I'm giddy about it. Justice has been done. How can you be giddy about a human being locked in a cage for 25 years? Would you be giddy if he were being flogged, or hanged? As long as there has been recording, flogging and hangings were common punishments and usually defended as "justice has been done." Incarceration really isn't far from medieval punishments. I'm by no means suggesting that…

Don't spare too much of a thought for SBF. He won't go to the same prison you will.

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

#829

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…

Sorry but he didn't "screw things up" he knew (objectively) early on that it was a cascade. And so he did the first mistake, load from a sister company, using self assets. When it wasn't called out, of course you think "this must be okay".

He's cheeky and a chancer. He is a victim of your uncles idiom. But that's not the crime, the crime is getting there.

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

#830
post #509

Earlier quoted context omitted.

I didn't lose a penny and I'm giddy about it. Justice has been done.

> I didn't lose a penny and I'm giddy about it. Justice has been done. How can you be giddy about a human being locked in a cage for 25 years? Would you be giddy if he were being flogged, or hanged? As long as there has been recording, flogging and hangings were common punishments and usually defended as "justice has been done." Incarceration really isn't far from medieval punishments. I'm by no means suggesting that…

Giddy is maybe the wrong word but I am happy about it. He has acted indifferent during the trial which makes it likely that he could become a repeat offender. This was a strong motivation behind his sentence. If the judge is right in that, and who am I to not believe so, then it is probably correct to remove him from society for 25 years. This is an extremely dangerous individual who may lead hundreds or thousands to financial ruin and is indifferent about it.
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