25 years for stealing 11 billions, I don’t think it’s nowhere enough. How many people died as a result of his theft? How is that different from pointing a gun and shooting someone?
Except for the people that committed suicide because of financial ruin and those that were left homeless. Those rich people will recover at least part of what they lost via bankruptcy trustees from the seized assets.
Read the victim impact statements from the sentencing. Since it was a federal trial, there are no recordings of it, but various media outlets reported different pieces.
Why don’t people go to jail for fraud anymore?
Because political bribery is legal.
WOAH there, you can just use words like “bribery”
You have to disguise it.
With a nice neutral word like “lobbying”.
It’s about to get even worse. There is an upcoming Supreme Court case in the US that will weaken anti-corruption laws even more.
The case in question: https://www.supremecourt.gov/docket/docketfiles/html/public/23-108.html
Bankman-Fried got prison time equivalent to murder over his Fraud.
Manish Lachwani got 18 months just a little bit ago.
It still happens.
25 years for stealing 11 billions, I don’t think it’s nowhere enough. How many people died as a result of his theft? How is that different from pointing a gun and shooting someone?
He stole from rich people, mostly, so they probably weren’t all that negatively impacted.
Which is the only reason he saw time
I feel like outright theft of 11 Bn USD would be hard to dodge accountability for no matter who you take it from.
Depends on who or what you are. Corporations like airlines or cable companies, government contractors like Boeing, or banks do it all the time
Lmao
Except for the people that committed suicide because of financial ruin and those that were left homeless. Those rich people will recover at least part of what they lost via bankruptcy trustees from the seized assets.
I haven’t heard of those people, please educate me.
Read the victim impact statements from the sentencing. Since it was a federal trial, there are no recordings of it, but various media outlets reported different pieces.
Gave it a browse but I’m not seeing any statements about Suicide or homelessness like you claimed.