SBF had asked for sentence of just 5 or 6 years. Prosecutors sought 40 to 50.
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.
BrikoX@lemmy.zip 4 weeks ago
Way too light of sentence. The way financial crimes are viewed by the courts is a fucking joke.
givesomefucks@lemmy.world 4 weeks ago
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 4 weeks 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 4 weeks 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.