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Sam Bankman-Fried Convicted

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Re: Sam Bankman-Fried Convicted

#981
post #188

Earlier quoted context omitted.

I was on a jury recently. Deliberations began after closing statements Friday morning. First thing we all agreed we would not be coming back on Monday…

> First thing we all agreed we would not be coming back on Monday… Kind of scary that this is the rigor our justice system hinges on.

> Kind of scary that this is the rigor our justice system hinges on.

That’s not the scary part. The scary and eye opening part is that an obviously frivolous lawsuit against can bankrupt you.

There is a YouTuber with h3h3 productions and he got hit with a lawsuit and it cost them USD 50k + USD 170k, at least. Maybe chump change if you’re a billionaire but I’d lose by default if you were to sue me.

Re: Sam Bankman-Fried Convicted

#982
post #433

Earlier quoted context omitted.

The defense really had no option. Several of Bankman-Fried's previous defense teams quit on him due to his behavior. Even in this trial, during a session with just the judge, the defense made an objection to a question, the judge sustained it, but Bankman-Fried answered anyways. His own defense team asked him where had he been this entire trial because the objection was sustained, you didn't have to answer that. Bank…

An odd question, but: why is he like this? Even from the start, before the criminal charges, his press tour was so bizarre. Is he just a delusional narcissist who thinks he can talk his way out of anything no matter what? I feel like even very, very long into his prison sentence he's still going to try to talk your head off insisting it was all a big misunderstanding. And he's going to be denied parole because he's g…

As an aside, there is no federal parole anymore.

https://www.nolo.com/legal-encyclopedia/is-federal-parole-sy...

Re: Sam Bankman-Fried Convicted

#984

[flagged]

As others pointed out, some form of deterrent is just as important as vengeance for the victims. Just my opinion but it feels like tech is getting a bit too full of people who think they can do all sorts of terrible things because they are actually saving humanity in the distant future via AI or blockchain or whatever. My understanding is SBF fell into this line of thinking and I don’t think we should reward this kind of antisocial behavior with get out of jail free cards.

Re: Sam Bankman-Fried Convicted

#985
post #390

Earlier quoted context omitted.

The opposite thing is going to happen in this case, and I'm sure you'll hear Ken on Serious Trouble saying the same thing next week (you can get Andrew McCarthy, another former AUSA, saying the same thing in the National Review today if you want that with a dash of anti-woke conservative racial politics). In basic economic crimes, sentences scale primarily with dollar losses, and FTX lost billions. He's going to do s…

It's worth noting that the mechanism is still different. In this case, "the upper end of the range when you math out the sentencing guidelines" and "the amount you get if you take all the base charges and add them up and assume they're sequential" start to blend together because of the sheer scale. But it's not like when the scale gets big enough, the whale sushi hypothetical math starts becoming the real way we calc…

> the upper end of the range when you math out the sentencing guidelines" and "the amount you get if you take all the base charges and add them up and assume they're sequential" start to blend together because of the sheer scale.

No, it doesn't “start to blend together”. The amount you get when you take all the base charges, assign then the maximum sentence, and have them run consecutively isn’t something that the upper end of the guidelines range coincidentally blends into despite not actually directly applying, its the actual legal limit, and for that reason is directly applied (by assigning the statutory maximum to each offense and having them run consecutively) in the guidelines as the limit case. (It also, while the guidelines are not mandatory and judges may depart above or below them, is the upper limit—and, where it exists, the statutory minimum the lower limit—for sentences that depart from the guidelines.)

> But it's not like when the scale gets big enough, the whale sushi hypothetical math starts becoming the real way we calculate sentences.

Yes, it is. If, after all the other pieces of the guidelines calculation are done and all the offenses that aren’t required to be sentenced separately at their own statutory amounts are grouped in the way that they would run concurrently were the guidelines sentence short enough, the guidelines specify that you look at the total punishment, if it fits in the legal maximum for the offense with the longest limit, you do that and run everything else concurrently, if not, you run enough consecutively, if possible, yo reach the total possible, until you run everything consecutively at its max legal sentence and stop. “Whale sushi” is exactly the mechanism applied by the guidelines in the limit case, not something that the upper end case under the guidelines happens to approximate coincidentally.

> It's just that the guidelines really do try to account for super villain levels of crime.

No, its that the guidelines are, well, guidelines for calculating a sentence which is constrained on the lower end by any statutory minimums and on the upper end by thr statutory maximums for the individual offenses (and also, by statutory rules on which offenses must be sentenced separately and not concurrently with which other offenses), so each of those binding rules is expressly part of the guidelines sentence calculations.

Re: Sam Bankman-Fried Convicted

#987
post #533

Earlier quoted context omitted.

Worked in crypto and I got that vibe so left. Regret it. For every SBF there are hundreds who get away with it. Tons of talentless crypto millionaires still roaming free. Look at the Axie Infinite guys plundering a whole country. Token could collapse, but there’ll be no justice and they’re sitting on at least 8 figures individually

The smart ones leave an exploit in their smart contracts, exploit it themselves, then blame North Korea

This is known as a "bugdoor".

Re: Sam Bankman-Fried Convicted

#989

[flagged]

About 1% of the general population, and 25% of prisoners are psychopaths. This means that they are unable to care about others in any meaningful sense. Psychopaths make decisions solely through a personal cost benefit analysis.

On top of the psychopaths you have extremely disagreeable people who do understand the pain of their victims, but just don’t care about them, maybe 3-5% of the population.

The only way to encourage these people to behave is to have an effective system that will punish them if they break the law. The expected return of crime needs to be negative to stop these extremely selfish people from engaging in it.

Most people who believe in rehabilitation/restorative justice refuse to believe that such people exist.

The existence of a rehabilitation system is not a deterrent and about 5% of the population would enthusiastically commit their “first crime” then enthusiastically enter the rehabilitation program. They would continue this cycle until they encounter a proper deterrent.

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