FTX/Sam Bankman-Fried
Discussion
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hstewie said:
Ouch. Hope he likes orange. hstewie said:Petrus1983 said:
bhstewie said:
Ouch. Hope he likes orange. hstewie said:The fact that he is being allowed to spend his days wandering around his parents $3.5m house and garden in a nice area, rather than in prison, is likely contributing to a false sense of security. Most federal defendants wait for their court appearance in prison, irrespective of their ability to pay their bail.
bhstewie said:
You would hope that a rich white guy getting banged up for basically doing the same thing that he's been doing might be giving a certain orange ex-president food for thought.... hstewie said:But maybe not.
EddieSteadyGo said:
Remarkable how quickly this has all been wrapped up. Compare and contrast with the British legal system…skwdenyer said:
Remarkable how quickly this has all been wrapped up. Compare and contrast with the British legal system…
This has been very American. There's currently 400,000 people in American penitentiaries awaiting trial. The American system has always come down hard on these things - Enron and Madoff spring to mind.
I'm predicting a 15 year sentence and out in 7. Although it wouldn't surprise me if it was considerably longer.
easytiger123 said:
One question I have if there are any experts in the house: why is he not being sentenced until March next year? Why is there such a significant gap between verdict and sentencing for these type of crimes in the US?
I believe it's down to the appeals process being much more difficult and expensive to the state compared to the UK. So the defence and prosecution will argue over appropriate sentencing until agreement is reached to avoid lengthy and costly sentencing appeals further down the line.Gassing Station | News, Politics & Economics | Top of Page | What's New | My Stuff