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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

#441

Post by xrd »

As other people have pointed out here, he has the possibility of getting out in 12.5 years.

That means he might miss his chance to have kids. Having your first kid at 38 is old, I should know.

That means, ironically, he will be prevented from self imposed financial ruin, which is to say, trying to raise children in the US, especially as someone who came from the opulence of the bay area. Can you imagine the cost of trying to keep up with the Joneses when those are your peers.

It seems like a fair punishment for him would actually be to force him to have kids and have to work as a janitor in silicon valley until they graduate from community college. That would really be teaching him to experience the financial ruin he imposed on others.

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

#442

Post by bdcravens »

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.

White-collar criminals doing fed time are serving "easier" time than those in state prisons.

That said, I've personally known of two people who were convicted of DWI vehicular manslaughter, and they both received 15-year sentences, so 26 months seems to be an aberration.

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

#443

Post by krisoft »

boomboomsubban wrote: post #318
mzs wrote: post #238

Earlier quoted context omitted.

One life sentence and that was based largely on him paying to have five people murdered.

Two life sentences for charges that had nothing to do with the alleged murder-for-hire. Those charges were dropped. https://en.wikipedia.org/wiki/Ross_Ulbricht#Trial

The judge can take into consideration during sentencing conduct not explicitly charged. Heck they can take into consideration things you have been acquitted over by a jury too.

That is right (I'm telling you how the law is, not how it should be) A jury can decide that it was not proven beyond a reasonable doubt that you did something and yet you can still receiver a heavier sentence for it. (as long as they don't acquit you over all charges.)

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

#444

Post by rcMgD2BwE72F »

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.

>a guy in my hometown hit and killed 2 people, while DUI and ran over 100mph on a local street with 35mph limit

What was his plan? What did he expect to earn from this action? And now, who would plan to DUI because they believe it's worth a 26-month sentence?

SBF knew what we was doing and did it knowingly. He thought he wouldn't be caught and earn a few extra billions. Unless we was drunk all along…

It's about the long-term planning and the clear intent to choose a path with such a risk/reward ratio.

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

#445

Post by commakozzi »

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…

It'll serve as a deterrent in the same way that Bernie Madoff's case did?

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

#446

Post by gizmo »

tootie wrote: post #413
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…

Banality of evil. I'm sure SBF seems like a decent person who just wants to run a cool business and play with technology. He never thought he was a crook.

I don't think the banality of evil applies here. Banality of evil is when cogs in a bureaucratic machine don't think about how their actions hurt others, because they are just processing paperwork or following standard operating procedure. Regular people doing regular people things can do great evil.

In this case SBF was the architect and the driving force behind the fraud. He decided to comingle customers funds with business funds. He decided to trick banks into processing client money. He decided to split FTX into dozens of shell corporations to make effective oversight impossible. He decided to operate from Hong Kong and the Bahama's.

Banality of evil might apply to a junior engineer at FTX. It doesn't apply to SBF who masterminded the whole criminal enterprise.

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

#447

Post by AlexCoventry »

layer8 wrote: post #317

From the article, SBF will likely be out in 2036, at the age of 45. There’s a good chance he’ll get himself into shenanigans again, if not already from inside prison.

I think there's a good chance his tendencies to arrogance and mendacity will get him killed in prison.

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

#449

Post by publius_0xf3 »

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 on? I'm not sure.

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