Sam Bankman-Fried Cites Autism Disorder As Reason To Avoid 100 Years In Prison

[Stompix]

I always said if you want to discover what's wrong with one person, don't send him to the hospital, just send him to a trial. Everyone suddenly realizes he is eitehr autistic, he has cancer, he has 2 years to live, that she is pregnant, and so on!

On the other hand, I think 100 years is crazy. The first thing the judiciary should do, if it has not already done so, is to seize absolutely all of Bankman-Fried's assets, whatever their type, and distribute them among those affected by the FTX bankruptcy. That would be at least one way to begin compensating those affected, although logically it would not be enough to cover everything.

Actually, quite funny, due to the rise in the price of the coins FTX still had in its custody in December, if we talk only value in $ at the moment of the crash FTX managed to get quite a lot of money back, around 7 billion in their three liquidations paces.
If you look at the current value of the said coins, yeah it's a bit of a disaster but in $ it's not really as bad as it was anticipated.

[Kemarit]

March 28, which is the date for sbf's sentencing is drawing close, the prosecutors have said today^[1] that sbf should receive at least 40 or 50 years, they also said that sending sbf to prison for the rest of his life was not warranted, because of his young age:

But prosecutors said in the filing that sending him to prison for the rest of his life was not warranted, despite the severity of his crime, because of his relative youth.

Soon we would find out how many years sbf would get, it is getting harder to predict.

[1] https://www.nytimes.com/2024/03/15/technology/sam-bankman-fried-sentencing.html#:~:text=

That is coming from defense, SBF is rich, his family is influential I think that judge might be swayed by it. But if SBF is just a regular criminal, then maybe he will get worst than that. We've seen the system of the US being in-justice as times, giving lengthy prison sentence.

And his lawyers played the autism card here, so this might work or might backfire on them but we will see. Of course returning the money to the affected will be the number 1 thing that prosecutors are looking and maybe they will have to work with SBF and seized all his assets or even what's left of the FTX funds as of this time to compensate all the victims. We don't want this to drag for so long like the Mt. Gox that still haunts us up to this day.

[ABCbits]

I believe that the only thing that can reduce prison years is the return of all funds to users.

That one cannot happen, it is going to take a long time before the creditors can get something back, and they are surely not going to get 100% of what they lost. Look at other centralized exchanges and lending and earning platforms that have collapsed, the process to return funds to customers is a long and frustrating one, and everyone should avoid that situation and store their funds only in self custodial wallets.

And with such long time time, even returning 100% of all customer's fund won't cover all the loss. By loss i refer to many things such as inflation, impact on mental/physical health and any loan interest/fee they had to take.

[Freemind]

That one cannot happen, it is going to take a long time before the creditors can get something back, and they are surely not going to get 100% of what they lost. Look at other centralized exchanges and lending and earning platforms that have collapsed, the process to return funds to customers is a long and frustrating one, and everyone should avoid that situation and store their funds only in self custodial wallets.

I know. I know that process would be very slow. Unfortunately I have experience, I saw the Mt.Gox disaster, it didn't affect me directly but it did affect some people I know. So I know that it would be a long process and that those affected will never be able to recover 100% of their funds, but if FTX could somehow return as much of those funds as possible, it is possible that Sam Bankman-Fried could get a possible reduction of the years he must remain in prison. That is the job of lawyers, to try in any way to reduce those years.

In any case, I don't know how many funds have been recovered or if they have plans to recover them, since they are most likely spread across many accounts, which would make the process even longer and more expensive.

[Lucius]

Today we found out that Bankman received "only" 25 years in prison, which for me is a rather small sentence considering the damage caused by his company. I assume that he will not serve those 25 years in full, and that is something that will certainly disappoint many, given that he was facing a sentence of up to 100 years in prison.

https://www.coindesk.com/policy/2024/03/28/sam-bankman-fried-ftx-sentencing/

[Freemind]

Today we found out that Bankman received "only" 25 years in prison, which for me is a rather small sentence considering the damage caused by his company. I assume that he will not serve those 25 years in full, and that is something that will certainly disappoint many, given that he was facing a sentence of up to 100 years in prison.

https://www.coindesk.com/policy/2024/03/28/sam-bankman-fried-ftx-sentencing/

I'd like to know how many of those 25 years he's actually going to spend in prison, because I'm sure Bankman-Fried isn't going to spend 25 years in a jail cell. Good conduct, inability to flee the country, sincere intention to repair the damage caused...Those will be some of the arguments of his lawyers in a very short time, so that he spends as little time as possible inside jail. Bankman-Fried's best thing to do, while not 100% possible, would be to return the funds to the affected users, but that's never going to happen. Fortunately, the FTX case didn't affect me directly, but I know people who are having a very hard time, and I know that those 25 years seem few to them.

[Captain Corporate]

I don't get the logic. Like if you are Autistic, does that mean that you can commit any crime you want and other shouldn't be any type of criminal charges against you? Or at least less than it should be? If you have the capability to commit the crime with the same autism then you should be also making sure that you are doing it well enough at prison as well. You should be considering the situation as equal to crime that was committed. What he did was something that impacted tens of thousands of people, and if he doesn't get the prison time, then all autistic people can go out and do whatever they want.

[Z-tight]

He got 'only' 25 years in jail, i am so sure so many of the creditors would be going mad right now, so many of them thought he would be sentenced to ~ 100 years in jail, and i thought he would get at least 40-50. But 25 years does not seem like a fair punishment for the crimes that were committed and i am not sure if it is enough as a deterrent to others.

[robelneo]

He got 'only' 25 years in jail, i am so sure so many of the creditors would be going mad right now, so many of them thought he would be sentenced to ~ 100 years in jail, and i thought he would get at least 40-50. But 25 years does not seem like a fair punishment for the crimes that were committed and i am not sure if it is enough as a deterrent to others.

Yeah, I also do not agree with the decision, it's like the guy will just wait and relax all through those 25 years and get to enjoy the billions he stole after he gets out, worse is if he gets parole for a shorter term, it seems Sam has a good battery of lawyers for him to get that short sentence, but he is living a risky life because so many people are aware of was he has done and he could be targeted inside the jail.

[Z-tight]

but he is living a risky life because so many people are aware of was he has done and he could be targeted inside the jail.

I don't think that is going to be a problem, sbf is not going to share a cell with dangerous criminals. His family is rich, so i am sure they will pay for his protection while in prison and he would get certain privileges there, isn't that what the rich enjoy when they are sentenced to prison?

The creditors should learn from this, they are a long way from getting their money back and the one behind it all got 25 years in prison; store your coins only in self custody, so as not to experience this.

[robelneo]

but he is living a risky life because so many people are aware of was he has done and he could be targeted inside the jail.

I don't think that is going to be a problem, sbf is not going to share a cell with dangerous criminals. His family is rich, so i am sure they will pay for his protection while in prison and he would get certain privileges there, isn't that what the rich enjoy when they are sentenced to prison?

I don't know the prison conditions in the state but I'm sure there will be corrupt officials that will protect him, he will have to spend money for his protection all through his 25 years in prison and that's going to cost him, not only for his wardens but also from people in the prisons

The creditors should learn from this, they are a long way from getting their money back and the one behind it all got 25 years in prison; store your coins only in self custody, so as not to experience this.

We will all learn from this and investors will be wiser in where to put the money to avoid getting in the same scenario as Sam Bankman-Fried company.

[Freemind]

I don't get the logic. Like if you are Autistic, does that mean that you can commit any crime you want and other shouldn't be any type of criminal charges against you? Or at least less than it should be? If you have the capability to commit the crime with the same autism then you should be also making sure that you are doing it well enough at prison as well. You should be considering the situation as equal to crime that was committed. What he did was something that impacted tens of thousands of people, and if he doesn't get the prison time, then all autistic people can go out and do whatever they want.

Logic can't be applied to a case like this, as Bankman-Fried's supposed autism argument is nothing more than an excuse to avoid jail or reduce the years he should be in prison. A desperate attempt, after using (unsuccessfully) all other arguments. I agree with other users, and people affected by FTX that I know, that those 25 years are a short time, since as I said, Bankman-Fried is not going to be in jail for 25 years. He has very good lawyers who have already managed to get only 25 years out of the 100 years that the prosecution was asking for. Now they will continue to work to reduce those years.

[electronicash]

but he is living a risky life because so many people are aware of was he has done and he could be targeted inside the jail.

I don't think that is going to be a problem, sbf is not going to share a cell with dangerous criminals. His family is rich, so i am sure they will pay for his protection while in prison and he would get certain privileges there, isn't that what the rich enjoy when they are sentenced to prison?

The creditors should learn from this, they are a long way from getting their money back and the one behind it all got 25 years in prison; store your coins only in self custody, so as not to experience this.

i thought so too. his parents is also rich and has friends from high places. he might just even be in a house arrest and still living normally but guarded unless he'd be useless already for those behind him and so he'll just hang himself like Jeffrey.

he has autism, i don't see him going to last sitting down along with the hardened criminals or his ass will be fucked in that case.

[Lucius]

I'd like to know how many of those 25 years he's actually going to spend in prison, because I'm sure Bankman-Fried isn't going to spend 25 years in a jail cell. Good conduct, inability to flee the country, sincere intention to repair the damage caused...Those will be some of the arguments of his lawyers in a very short time, so that he spends as little time as possible inside jail. Bankman-Fried's best thing to do, while not 100% possible, would be to return the funds to the affected users, but that's never going to happen. Fortunately, the FTX case didn't affect me directly, but I know people who are having a very hard time, and I know that those 25 years seem few to them.

If there was an option for betting, I would say no more than 15-16 years, and that would be 2/3 of the sentence, but I read that prisoners in the US have the possibility of collecting some credits for good behavior and the like, and that on the basis of those credits they can reduce the time in jail.

I think that such a low sentence (considering the maximum possible) is the result of the fact that Bankman is not just anyone, he has influential parents, and a lot of influential friends (politicians) whose pockets he filled for years. I believe that they will help him in all possible ways - and I would not be surprised if at some point the president himself pardons him.

[philipma1957]

I'd like to know how many of those 25 years he's actually going to spend in prison, because I'm sure Bankman-Fried isn't going to spend 25 years in a jail cell. Good conduct, inability to flee the country, sincere intention to repair the damage caused...Those will be some of the arguments of his lawyers in a very short time, so that he spends as little time as possible inside jail. Bankman-Fried's best thing to do, while not 100% possible, would be to return the funds to the affected users, but that's never going to happen. Fortunately, the FTX case didn't affect me directly, but I know people who are having a very hard time, and I know that those 25 years seem few to them.

He is 32 if he does 13-17 years he will be under 50 and free.  I read 7.? OF 9 billion was found making 1-2  billion missing. I would like to be 49 and have a billion stashed away.
If there was an option for betting, I would say no more than 15-16 years, and that would be 2/3 of the sentence, but I read that prisoners in the US have the possibility of collecting some credits for good behavior and the like, and that on the basis of those credits they can reduce the time in jail.

I think that such a low sentence (considering the maximum possible) is the result of the fact that Bankman is not just anyone, he has influential parents, and a lot of influential friends (politicians) whose pockets he filled for years. I believe that they will help him in all possible ways - and I would not be surprised if at some point the president himself pardons him.