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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

#431

Post by [deleted] »

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?

[deleted]

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

#433

Post by zoklet-enjoyer »

ipnon wrote: post #371
k8svet wrote: post #293

I met a nice Israeli filmography couple (somewhat known in Israel, I think) in Tulum last summer. After conducting important business, they were telling me about how they were vacating on the back of a nice windfall -- they got paid upfront for an editting/production job which was unprecedented and generous. Implications of lots of money and some "image rehabilitation". They're acting a bit coy about it, and I'm feel…

I propose the Bankman-Fried number: how many people you personally know who got rekt in the crypto crash of November 2022.

I had somewhere between $10k and $20k in FTX. Took it all out when CZ started tweeting

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

#434

Post by golergka »

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 he will ever rehabilitate?

Prison is not and shouldn't be about rehabilitation. It's society that requires to be less exposed to SBF, by 20-25 years.

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

#435

Post by rootusrootus »

sneak wrote: post #184
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.

Yes, it is extremely backwards. The prison system in the US (like vehicle and environmental regulations in the US) exemplifies how little the culture there values human lives and lifespan.

A plausible alternative is that the culture in the US puts considerably more value on the lives of the victims and assigns nearly zero value to the life of the criminal. Arguing that people should "please think of the criminals" is a non-starter.

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

#436

Post by FabHK »

ecommerceguy wrote: post #391
aftbit wrote: post #301

Earlier quoted context omitted.

Let me just provide a counter-point. As an early crypto advocate, and someone who has lost thousands of USD to hackers and scammers, I did not ever expect the government to bail me out. As you said, the whole point of crypto was to free ourselves from these regulations, which means high risk high reward investments, and the opportunity to create truly innovative products. High risk means sometimes you lose your money…

As a former eth miner and now crypto un-enthusiast, i was attracted to the idea of contract disruption and value transfers utilizing blockchain but ever since the entire industry has become scams, wall street and *bros, yeah I'd love to see it all crash and burn. Exposing tether would be a great start.

Same here, former enthusiast now appalled by it.

GP: > HN, where everyone reflexively hates crypto

Yeah, no, the hate of crypto stems from a fairly well grounded understanding of the technology here. BTW, the good folks at FT Alphaville also mostly hate crypto - there, it stems from a good understanding of finance. Basically, everyone that understands the tech/finance intersection reasonably well hates crypto, with one important caveat best expressed by Upton Sinclair nearly a century ago:

“It is difficult to get a man to understand something, when his salary depends upon his not understanding it.”

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

#437

Post by retrac »

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…

Your logic is strange. With robbery, the primary crime is the violence (or para-violent threat), and not the theft. This is easy to demonstrate: the punishment for breaking into someone's home in many jurisdictions is essentially the same, even if you steal nothing.

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

#438

Post by publius_0xf3 »

mrbonner wrote: post #400

I really don't understand the severity of criminal justice system punishment. SBF got sentenced to 25 years for a white collar financial crime while a guy in my hometown hit and killed 2 people, while DUI and ran over 100mph on a local street with 35mph limit got 26 months sentence forb2 vehicular homicide.

Motor crimes are punished leniently because almost everyone drives, and every driver can imagine themselves making a mistake behind the wheel and they don't want that mistake to ruin their life or the lives of their loved ones.

I'm not saying it's right. But it's the tacit consensus we maintain to make ourselves comfortable with the risks of piloting deadly machines every day.

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

#439

Post by whatscooking »

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…

Yea let’s let fraudsters run amuck, he damaged the lives of millions of people, fuck him

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

#440

Post by liendolucas »

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…

> 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, upwards of hundreds or thousands of years.

Apparently that logic applied to Bernie Madoff. He got 150 years. How are these cases so similar and yet got radically different sentences?

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