Re:Sam Bankman-Fried sentenced to 25 years in prison
by foogazi on Thursday March 28, 2024 @12:13PM
(#39853459)
It’s to stop him first - he won’t be running financial fraud schemes for 20-25 years
Then it’s to stop other bright minds from attempting anything like this - they’ll remember SBF. His crime has a price now: 20-25 years
Re:Sam Bankman-Fried sentenced to 25 years in prison
by sangnoir on Thursday March 28, 2024 @12:31PM
(#39853839)
It will also give the enablers of criminality pause. If the mastermind gets 20-25, they'll realize they are risking 2-5 year sentences with zero upside just for "following orders" or negligently turning a blind eye to malfeasance.
Re:Sam Bankman-Fried sentenced to 25 years in prison
by jojo100 on Thursday March 28, 2024 @07:00PM
(#39858459)
Just a quick reminder to any potential felons in finance/crypto/corporate settings. If you decide to rob billions from the public, we'll let you out in about a decade as long as you don't beat someone up in prison. Just make sure you hide your money well!
Sincerely
The American Legal System
Re:Sam Bankman-Fried sentenced to 25 years in prison
by tim333 on Thursday March 28, 2024 @07:05PM
(#39858504)
Of the people stealing money in crypto the vast majority seem to get away with it for what it's worth.
Re:Sam Bankman-Fried sentenced to 25 years in prison
by m3kw9 on Thursday March 28, 2024 @12:59PM
(#39854338)
So just slap his wrist and say no no?
Re:Sam Bankman-Fried sentenced to 25 years in prison
by lb4r on Thursday March 28, 2024 @12:43PM
(#39854066)
I think of it like this: Many people would "happily" spend 5 years in prison for a more than probable chance to get filthy rich. That's a superset with, I imagine, significantly greater cardinality than the set of those willing to spend 25.
Obviously there is a sweet spot. For example, if you're okay with 60 years, than you're probably okay with 80. I'd imagine 20, give or take 5 years or so, is near that sweet spot, but that's just my gut feeling. Obviously statistics is key here, if there is any.
Re:Sam Bankman-Fried sentenced to 25 years in prison
by gls2ro on Thursday March 28, 2024 @01:40PM
(#39854938)
I think many people _say_ they will happily spend 5 years in prison but that is different than actually being faced with the actual possibility.
Re:Sam Bankman-Fried sentenced to 25 years in prison
by stephenitis on Thursday March 28, 2024 @12:20PM
(#39853612)
25 is a steep deterrance. Hard to know its effect since it'd hopefully deter some of the more heinous future financial crimes.
If it is to harm him and make the rest of the world satisfied with it 25 years behind bars seems enough to me, I don’t care if it is 25, 35 or 155. In five years I will have forgotten about this.
If it is stopping others, same thing, I don’t think that if someone is determined to do something similar would care about 25 or more years.