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Mar 28, 2024
10:25
:48
am
justAnotherCoug
All-American
It's about 1/3 of a statistical lifespan. And it's his prime years.
That's a massive price to pay. I think that's sufficient. He effectively threw his life away. He can get out one day and be a Walmart greeter. That doesn't bother me.
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justAnotherCoug
Previous username
annapcoug
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justAnotherCoug
Joined
Sep 8, 2010
Last login
May 12, 2024
Total posts
5,468 (10 FO)
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Messages
Author
Time
POLL: Is Sam Bankman-Fried sentence of up to 25 years sufficient?
TheSpiker
Mar 28, 10:14am
Any idea how long will he actually serve?
Hank Rearden
Mar 28, 10:16am
It’s federal, so has to serve 85% of it
Princepete
Mar 28, 10:17am
Talking heads are suggesting that he will get out in around 15 years.
TheSpiker
Mar 28, 10:18am
I think it's plenty. He'll be close to retirement age when he gets out.
Skeptical Optimist
Mar 28, 10:23am
It's about 1/3 of a statistical lifespan. And it's his prime years.
justAnotherCoug
Mar 28, 10:25am
he won't serve the full 25
AZ Coug
Mar 28, 10:31am
10 would be appropriate. Depositors are getting 100% recovery if the government
Socrates Johnson
Mar 28, 10:26am
His story is false. He knew of the diversion of funds to Alameda, so he's not
Archaea
Mar 28, 10:27am
The point is that everyone is getting (or should get) all their money back.
Socrates Johnson
Mar 28, 10:29am
So if the government pays for your crime, you should get time off for their
Monomachos
Mar 28, 10:45am
The government didn't pay anybody. The normal bankruptcy process produced plenty
Socrates Johnson
Mar 28, 11:35am
The government has no role in "making things right" for the investors?
Monomachos
Mar 28, 2:10pm
Only in the sense that it maintains the bankruptcy courts at this point.
Socrates Johnson
Mar 28, 2:30pm
Where does the money to pay back the investors come from?
Monomachos
Mar 28, 5:32pm
From the assets of the company.
mvtoro
Mar 28, 5:38pm
Yes. As I have now said 3x
Socrates Johnson
Mar 28, 8:23pm
Ok - sorry, I haven't followed this very much at all, but if the company had to
Monomachos
Mar 28, 11:35pm
It declared bankruptcy because its assets were illiquid. There were enough of
Socrates Johnson
Mar 29, 8:47am
Everybody does not get their money back. Biden donors do, taxpayers don't.
Plantagenet
Mar 28, 10:52am
what do you claim taxpayers lost?
Socrates Johnson
Mar 28, 11:30am
How is everyone being made whole. Very much money was spent.
Plantagenet
Mar 28, 12:51pm
Not taxpayers. The money is coming from the assets that were sold by the
Socrates Johnson
Mar 28, 2:33pm
Yet no one claims to be hurt in the NY Trump property valuation case but
GilbertAZCougar
Mar 28, 10:58am
I agree-- the Trump case is similar in the sense that it hasn't mattered and
Socrates Johnson
Mar 28, 11:33am
You do realize, BTW, that "the diversion of funds to Alameda" was mostly because
Socrates Johnson
Mar 28, 10:31am
Because he was unrepentant, I consider him likely to commit fraud again. He
Archaea
Mar 28, 3:06pm
I agree that he doesn’t come off as repentant. I am not sure he is capable
Socrates Johnson
Mar 28, 8:29pm
Depositors are getting 100%?
JuicyJam
Mar 28, 10:46am
Rarely would everyone get their money back. If you're an important part of the
Plantagenet
Mar 28, 10:54am
This is not how bankruptcy works my friend
Socrates Johnson
Mar 28, 11:32am
By the good fortune of FTX crypto up 4X since bankruptcy, victims could recover "most." SBF deserves 25 yrs. Doubt he'll
roseyscenario
Mar 28, 11:03am
there are $13bn in assets and 8bn claims other than post-hoc fines. they will
Socrates Johnson
Mar 28, 11:32am
Yes. I should have added that John Ray, the bankruptcy executive, has been very effective at claw backs.
roseyscenario
Mar 28, 2:59pm
They will, unless the government puts its own fees ahead in the bankruptcy
Socrates Johnson
Mar 28, 11:31am
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