News for hackers. Stuff that matters.
Re:How Did Sam Bankman-Fried Get Bail? by paulpauper on Friday December 23, 2022 @11:04PM (#34113852)
The federal bail system’s presumption of release makes it better and more humane than most state systems. But you can still see the impact of wealth. First, because Sam Bankman-Fried broke the law by (allegedly) stealing billions of dollars instead of by being paid a hundred bucks to transport half a key of black tar heroin, there was no presumption he should be detained. That reflects society’s values. Moreover, rich people are more easily able to satisfy elaborate bail conditions.

He should be so happy he gets 6 months or so to live a semi-normal life under intense supervision and restriction of movement before he likely gets sent away forever like Madoff, Alan Stanford and many others. Being rich hardly means favoritism in the sense of avoiding justice.

Re:How Did Sam Bankman-Fried Get Bail? by akira2501 on Friday December 23, 2022 @11:24PM (#34113962)
> Moreover, rich people are more easily able to satisfy elaborate bail conditions.

Rich families are. I assume his accounts and assets are entirely frozen. His parents put up their house to secure his bail. [1]

1: https://archive.vn/QeZy7

Re:How Did Sam Bankman-Fried Get Bail? by s1artibartfast on Friday December 23, 2022 @11:17PM (#34113928)
I think that quote is accurate, but not unreasonable from the perspective of the justice system. My intuition is that alleged white collar Criminal is in fact less likely to commit a new Ponzi scheme while awaiting trial then an alleged drug Smuggler.

The justice system should be blind, but not to facts and reason

Re:How Did Sam Bankman-Fried Get Bail? by coliveira on Friday December 23, 2022 @11:17PM (#34113929)
This will only get him the possibility of flying the country, or orchestrate some deal to get out of jail.
Re:How Did Sam Bankman-Fried Get Bail? by SicSemperUranus on Saturday December 24, 2022 @12:17AM (#34114221)
> Being rich hardly means favoritism in the sense of avoiding justice.

Which Earth are you living on? The only time rich people face justice is when they screw over other rich people.

Re:How Did Sam Bankman-Fried Get Bail? by paulpauper on Saturday December 24, 2022 @12:21AM (#34114240)
hmm what about the fyre festival guy. all his victims were average people who paid for a non-existent festival, not rich ppl

or those NFT scammers, whose victims are average people (average loss in the low thousands) ,not super rich people

https://www.theverge.com/2022/3/24/22995107/us-arrest-charge...

Meanwhile, the Threnos fraud was allowed to run for 8 years, ripping off rich people undeterred, while the NFT scammers were arrested just months after pulling off the fraud. Same for Madoff..that lasted 2 decades, again, ripping off rich people despite repeated warnings to the SEC.