Page 1 of 1
Sam Bankman-Fried was sentenced to 25 years…
Posted: Thu Mar 28, 2024 5:46 pm
by Slimshandy
Now… I’m not saying he shouldn’t have been found guilty, he should have and he should have been sentenced to prison time…
But it begs the question…
There’s violent rapists getting 5 years, murderers getting 15 years…
Why are we punishing people with longer sentences for stealing money than we do rape and murder?
Re: Sam Bankman-Fried was sentenced to 25 years…
Posted: Thu Mar 28, 2024 5:57 pm
by Murdoc's Mistress
Cuz he stole from rich people, that's why.
Re: Sam Bankman-Fried was sentenced to 25 years…
Posted: Thu Mar 28, 2024 6:52 pm
by Della
seven criminal counts against him...
convicted of wire fraud and conspiracy to commit wire fraud against FTX customers and against Alameda Research lenders, conspiracy to commit securities fraud and conspiracy to commit commodities fraud against FTX investors, and conspiracy to commit money laundering...
He faces a maximum sentence of 115 years in prison.
https://www.cnbc.com/2023/11/02/sam-ban ... ounts.html
Does it make more sense, or do you need further explanation.
Re: Sam Bankman-Fried was sentenced to 25 years…
Posted: Thu Mar 28, 2024 6:55 pm
by Slimshandy
Della wrote: ↑Thu Mar 28, 2024 6:52 pm
seven criminal counts against him...
convicted of wire fraud and conspiracy to commit wire fraud against FTX customers and against Alameda Research lenders, conspiracy to commit securities fraud and conspiracy to commit commodities fraud against FTX investors, and conspiracy to commit money laundering...
He faces a maximum sentence of 115 years in prison.
https://www.cnbc.com/2023/11/02/sam-ban ... ounts.html
Does it make more sense, or do you need further explanation.
I need further explanation.
Why do we punish financial crimes more harshly than violent murder?
Re: Sam Bankman-Fried was sentenced to 25 years…
Posted: Thu Mar 28, 2024 7:00 pm
by Della
Slimshandy wrote: ↑Thu Mar 28, 2024 6:55 pm
Della wrote: ↑Thu Mar 28, 2024 6:52 pm
seven criminal counts against him...
convicted of wire fraud and conspiracy to commit wire fraud against FTX customers and against Alameda Research lenders, conspiracy to commit securities fraud and conspiracy to commit commodities fraud against FTX investors, and conspiracy to commit money laundering...
He faces a maximum sentence of 115 years in prison.
https://www.cnbc.com/2023/11/02/sam-ban ... ounts.html
Does it make more sense, or do you need further explanation.
I need further explanation.
Why do we punish financial crimes more harshly than violent murder?
7 charges knocked down to 25 years.
A seven time rapist isn't getting off with 25 years.
Re: Sam Bankman-Fried was sentenced to 25 years…
Posted: Thu Mar 28, 2024 7:09 pm
by Francee89
The average federal sexual crime sentence is longer than the average federal financial fraud or money laundering sentence (links below - they don’t have one for murder, probably because it’s not as common a federal charge). In this case, the scale of Bankman-Fried’s crimes, his continued lying and his lack of remorse got him a very harsh sentence, but that’s not the norm.
https://www.ussc.gov/sites/default/file ... d_FY20.pdf
https://www.ussc.gov/sites/default/file ... g_FY19.pdf
https://www.ussc.gov/sites/default/file ... e_FY20.pdf