FTX's Sam Bankman-Fried Should Serve 40 to 50 Years in Prison, Prosecutors Say

Post by viraptor » Sat, Mar 16, 2024, 12:25 AM UTC

rKarpinski wrote: post #78

viraptor wrote: post #74

Earlier quoted context omitted.

That one's silly too. Unless someone is so damaged they're not capable of ever not harming others, (think psychopathic murderers) what's the point of sentences that long? Anything past 15 years or so effectively destroys their existing lives anyway. I think that crosses from punishment to unnecessary cruelty and stuffing prisons.

Yes prisons, notorious for being over populated with those who ruined the lives of hundreds of people through multi billion dollar financial crimes.

Post by bhouston » Sat, Mar 16, 2024, 12:31 AM UTC

ShamelessC wrote: post #75

Based on how he was acting during trial, I assume he still thinks he's somehow getting out of this.

Post by highwayman47 » Sat, Mar 16, 2024, 12:33 AM UTC

bhouston wrote: post #83

ShamelessC wrote: post #75

Based on how he was acting during trial, I assume he still thinks he's somehow getting out of this.

I am so confused by his weird persona. Obviously he has to be smart, you don't make a multi-billion dollar company/fraud without being incredibly smart, but doesn't that generally mean an acceptance of reality? He seems so disconnected from reality most of the time, like he is mentally ill almost.

Post by p1mrx » Sat, Mar 16, 2024, 12:37 AM UTC

bhouston wrote: post #83

ShamelessC wrote: post #75

Based on how he was acting during trial, I assume he still thinks he's somehow getting out of this.

I am so confused by his weird persona. Obviously he has to be smart, you don't make a multi-billion dollar company/fraud without being incredibly smart, but doesn't that generally mean an acceptance of reality? He seems so disconnected from reality most of the time, like he is mentally ill almost.

Post by 8note » Sat, Mar 16, 2024, 12:43 AM UTC

smcl wrote: post #9

COGlory wrote: post #4

I'm curious if anyone has any idea - how much money is actually unaccounted for? Michael Lewis's book makes it seem like the money existed, but was all over the place, and that by the time all was said and done, they were basically in the black. But that was assuming investments didn't ever grow - they still had to have lost money somehow.

Wasn’t the issue that the “money” that was left was actually in the form of largely worthless cryptocurrency investments, some of which were issued by FTX themselves.