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sabana | 1 year 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.

discuss

order

melenaboija|1 year ago

What 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.

foogazi|1 year ago

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

lb4r|1 year ago

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.

stephenitis|1 year ago

25 is a steep deterrance. Hard to know its effect since it'd hopefully deter some of the more heinous future financial crimes.

m3kw9|1 year ago

So just slap his wrist and say no no?

ak_111|1 year ago

It is long enough to destroy his life. What matters if he gets out at 70 or 80 if he gets out at 60?

AustinDev|1 year ago

He gets out at 51. Somewhere around there with 25 year sentence at 31 with credit for time served.

objektif|1 year ago

That 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.

CharlesW|1 year 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.

taminka|1 year ago

prison should fundamentally be abt rehabilitation, not whatever retribution random ppl think is “proportional”

JumpCrisscross|1 year 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.

mrguyorama|1 year ago

How 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.

exe34|1 year ago

They could just fit him with a GPS bracelet and ban him from any banking other than a basic cash card.