5 ms·
Quite a short sentence for the magnitude of the crime. Financial crimes like these do kill people and destroy countless lives. They deserve maximum pentalties.
by sabana 2y ago
Quite a short sentence for the magnitude of the crime. Financial crimes like these do kill people and destroy countless lives. They deserve maximum pentalties.
- ak_111 2y agoIt is long enough to destroy his life. What matters if he gets out at 70 or 80 if he gets out at 60?
- objektif 2y agoThat is a big difference. You can live a pretty good 15 or so years if you get out at 60. Considering that his parents are well off he will inherit some.
- AustinDev 2y agoHe gets out at 51. Somewhere around there with 25 year sentence at 31 with credit for time served.
- ak_111 2y agohow, he is 32?
- dragonwriter 2y agoI think its probably taking the approximately 21 years you get with the sentence with maximum good conduct time reduction, and also assuming credit for time served after his bail was revoked.
- MuffinFlavored 2y ago32 years old + 25 year sentence +/- 15% good behavior / time served / whatever = 57 years old at the oldest
- CharlesW 2y ago> It is long enough to destroy his life. Hardly. Milken was sentenced to 10 and served 2. SBF will serve 7, at which point he'll still be under 40.
- vkou 2y agoThe federal system doesn't have parole, and gives a maximum of 15% off for good behaviour. He won't be out for ~two decades.
- jobs_throwaway 2y agoand its not even a true 15%, its less than that
- Analemma_ 2y agoThis is not correct. Federal sentences do not have parole and can be reduced by a maximum of only 15%, meaning (if that happens) SBF will serve at least 21 years and be 53 when released. Milken was released because Trump pardoned him, which I don't think says anything about how sentencing guidelines do or should work.
- dragonwriter 2y ago> Milken was released because Trump pardoned him, He was released after a sentence reduction for cooperation with prosecutors against others decades before the pardon. Both the release and pardon occurred, but the latter was not the reason for the former.
- CharlesW 2y ago> Federal sentences do not have parole… TIL, thank you! That makes me feel much better at what initially seemed like a slap on the wrist.
- dragonwriter 2y agoMilken got a sentence reduction for cooperation with prosecutors against others. The other big fish in FTX already cooperated against SBF, who do you expect him to roll over on?
- melenaboija 2y agoWhat is the goal of the punishment? 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.
- m3kw9 2y agoSo just slap his wrist and say no no?
- foogazi 2y agoIt’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
- sangnoir 2y agoIt 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.
- jojo100 2y agoJust 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
- tim333 2y agoOf the people stealing money in crypto the vast majority seem to get away with it for what it's worth.
- stephenitis 2y ago
- taminka 2y agoprison should fundamentally be abt rehabilitation, not whatever retribution random ppl think is “proportional”
- mrguyorama 2y agoHow long do you think it takes to rehabilitate someone so disconnected from reality and empathy as SBF? Honestly I think that would take LONGER than 50 years... I think 25 is on the high end of a reasonable sentence. White collar crime in the US has been a slap on the wrist (if anything!) since Enron. It's time we fix that. People need to see personal consequences for such anti-social and destructive behavior. If you are a CEO, you should be afraid of profiting from the suffering of others.
- azemetre 2y agoSome crimes simply need to be punished as a warning to others.
- JumpCrisscross 2y ago> prison should fundamentally be abt rehabilitation You can’t ignore retribution and incapacitation. Focus solely on rehabilitation and people will take the law into their own hands while raging against the system when it comes to recividism. We need to focus more on rehabilitation and restoration. But those can’t be exclusive of the other components of justice.
- exe34 2y agoThey could just fit him with a GPS bracelet and ban him from any banking other than a basic cash card.