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.
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.
It 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.
Just 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!
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.
I 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get with the sentence with maximum good conduct time reduction, and also assuming credit for time served after his bail was revoked.
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.
Milken 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?
This 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.
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.
> 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.
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.
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.