this post was submitted on 28 Mar 2024
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SBF had asked for sentence of just 5 or 6 years. Prosecutors sought 40 to 50.

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[–] BrikoX@lemmy.zip 18 points 1 year ago* (last edited 1 year ago) (2 children)

Way too light of a sentence. The way financial crimes are viewed by the courts is a fucking joke.

[–] givesomefucks@lemmy.world 17 points 1 year ago (1 children)

The only reason he's getting this much is he fucked over investment firms.

If he had just fucked over regular people, he'd maybe do a tenth of this time.

[–] Ragnarok314159@sopuli.xyz 2 points 1 year ago

Let’s not kid ourselves. If he stole our money, he would be getting a seven figure job at a hedge fund along with a fat bonus.

[–] jkrtn@lemmy.ml 5 points 1 year ago

Financial crimes are handled inversely proportional to how much is stolen and also the wealth of the victims. This guy stole a fuckload, but unfortunately for him he wasn't using wage theft to steal from poors.

[–] L0rdMathias@sh.itjust.works 13 points 1 year ago

Imagine being able to pay off a 10 billion dollar debt with just 25 years in prison. Proportionally, any normal person that defaults on a regular amount of debt should logically be able to rectify that with just a week in the county jail. 10 billion buckaroos for 25 years is dirt cheap.

Meanwhile, Vietnam is seeking the death penalty for multi-billion dollar fraud because of the untold damage done, and a lack of remorse by pleading not guilty and trying to get away with it. The US just can't seem to beat 'nam when it matters.

[–] nick@midwest.social 8 points 1 year ago

Half as much as he deserves. But it’s a start.

[–] shortwavesurfer@monero.town 5 points 1 year ago

What's sad is this guy gets 25 years and Ross got double life without parole for running a website that helped people. Really tells you how fucked up our justice system is. #FreeRoss

[–] Rom@hexbear.net 2 points 1 year ago

Bankman fried kelly

[–] Someonelol@lemmy.dbzer0.com -1 points 1 year ago

We need the death penalty for something like this in the US. Caning is also an appropriate punishment IMO. I don't care if the crime isn't considered violent, his actions have undoubtedly led to some deaths of despair and his punishment should reflect that.

[–] Zuberi@lemmy.dbzer0.com -3 points 1 year ago

SBF is a patsy for citadel

The info will come to light very soon 🤣