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A comment on Sam Bankman-Fried sentenced to 25 years in prison. Parent comment

Re:Sam Bankman-Fried sentenced to 25 years in prison by crispyambulance on Thursday March 28, 2024 @12:09PM (#39853366) 

  > 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 ever working in finance again.

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Re:Sam Bankman-Fried sentenced to 25 years in prison by hereonout2 on Thursday March 28, 2024 @12:38PM (#39853976)
I didn't read any sympathy in that comment, they just seem to be pointing out that 25 years is not a "low" sentence.

I would also agree that spending a 3rd of your life in prison is in effect destroying it.

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Re:Sam Bankman-Fried sentenced to 25 years in prison by tyingq on Thursday March 28, 2024 @12:16PM (#39853514)
>Hopefully he is ALSO restricted, for life, from ever working in finance again.

A felony conviction is pretty effective for heavily restricting any type of employment. The universal and cheap access to background checks means work is either places that deliberately have "hire a felon" programs or some type of self-employment, or connections with people very high up in a company. Though all those angles are also complicated if any sort of state licensing is involved.

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Re:Sam Bankman-Fried sentenced to 25 years in prison by mrguyorama on Thursday March 28, 2024 @01:35PM (#39854871)
That doesn't actually seem to be the case for white collar criminals though. That guy from Wolf of Wall street is conning people to this very day, including being a hype guy for crypto scams!
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Re:Sam Bankman-Fried sentenced to 25 years in prison by tyingq on Thursday March 28, 2024 @03:57PM (#39856584)
I don't know for sure, but "hype guy" probably means self-employed and companies pay his company for that sort of thing. That is available for blue-collar felons also.
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Re:Sam Bankman-Fried sentenced to 25 years in prison by gorbachev on Thursday March 28, 2024 @01:50PM (#39855049)
Is it everywhere though?

He's already proven he's perfectly fine running his empires from countries with a more relaxed attitude to financial regulations.

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Re:Sam Bankman-Fried sentenced to 25 years in prison by commakozzi on Thursday March 28, 2024 @01:26PM (#39854738)
It'll serve as a deterrent in the same way that Bernie Madoff's case did?
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Re:Sam Bankman-Fried sentenced to 25 years in prison by crispyambulance on Thursday March 28, 2024 @03:52PM (#39856531)
Maybe it speaks as a deterrent to some people and not others. That's OK.
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