SBF had asked for sentence of just 5 or 6 years. Prosecutors sought 40 to 50.
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Way too light of a sentence. The way financial crimes are viewed by the courts is a fucking joke.
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.
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.
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.
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.
Half as much as he deserves. But it’s a start.
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
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.
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