Re:Sam Bankman-Fried sentenced to 25 years in prison
by Wytwwww on Thursday March 28, 2024 @03:49PM
(#39856494)
How can you rehabilitee someone like him? It can work even with violent criminals, whose crimes was strongly related to the circumstances they were in. A guy like him who stole billions? What could anyone ever do to convince him to not commit fraud again if given the opportunity...
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Re:Sam Bankman-Fried sentenced to 25 years in prison
by caskstrength on Thursday March 28, 2024 @06:16PM
(#39858014)
> What could anyone ever do to convince him to not commit fraud again if given the opportunity...
IMO 10 years in prison should be more than enough to discourage SBF from repeating it. And if it is not enough, then 30 years won't be enough either...
Re:Sam Bankman-Fried sentenced to 25 years in prison
by Wytwwww on Sunday March 31, 2024 @04:35PM
(#39887839)
Why? What would change in those years? I'd bet that he would be still extremely likely to commit fraud or other financial crimes (if presented the opportunity) after he got out. Maybe letting him keep a few billion would entice him to retire early (not sure if that's the most reasonable option).
> then 30 years won't be enough either
But it's not about deterring him. It's about preventing him from doing any more damage to the society and potentially deterring other people from committing the same crime. IMHO this is one sector where draconian sentences might be actually very effective, people in finance tend to be more rational and calculating than average. If you get a to steal a few billion and maybe somehow stash a proportion of that spending 5 years in prison might seem like a reasonable deal, that's pushing it but maybe even 10, not > 30 though.