Watch our feature documentary RUIN: Money, Ego and Deception at FTX - https://www.youtube.com/watch?v=3QpdU9LS540&t=0s
1 year ago | 1
The amount of intentionality and premeditation to steal so many people's livelihoods and destroy their lives, even leading to suicides in some cases, deserves a greater sentence.
1 year ago | 61
I just wish they would do the same for all the other crooks who steal millions or billions of dollars and then get away with it. The only thing that made this one different in my mind is that it was crypto and not an established financial institution.
1 year ago | 10
Common people' savings must be protected by the State, by the Law. He is not the only responsible for what happened and it is unjust he is the only one who is paying for this multi billion dollars crash. Where were the USA institutions that it is supposed to prevent these types of frauds? Have we hadn't learned anything from the big crash in 2008? Shouldn't we get back to the financial rules created after the 1929 big depression?
1 year ago | 16
There are far worse crimes with far less time. Don’t invest more than you’re willing to lose. Rich people trusted a con man. He broke their trust. If he gets 25, worse criminals should get more than that.
1 year ago | 4
People are serving more for having a plant in their possession. No way should someone who's ruined countless lives and damaged the economy be given less than many for far less.
1 year ago | 2
The people that he scammed took a lifetime to save those savings, working more than 25 years.
1 year ago | 1
Some people here don’t seem to realise how much of life you really do miss out on in 25 years
1 year ago | 0
Well, it's something. Probably won't help people who lost their money but at least the guy ain't starting up.another company..
1 year ago | 1
The question we should be asking is, "What is the likelihood that he will actually serve out the full sentence, or will it be reduced significantly?"
1 year ago | 0
He should pay it all back to the people who lost their money plus interest
1 year ago (edited) | 1
The people who are deciding and levying the sentence know far better than anybody in the comments or voting!
1 year ago | 0
The question is moot because it all depends on how the theft was committed, the potential damage that could be caused, whether the law is applied in a rational way, and what the prevailing priorities are for the society enacting the punishment (ie should the pursuits of a capitalist society hold some responsibility for financial criminals behaviour?)
1 year ago | 0
If they were able to recover the money then perhaps it’s too long. It depends on his remorse, etc.
1 year ago | 0
Bloomberg Originals
FTX co-founder Sam Bankman-Fried was sentenced to 25 years in prison for stealing billions of dollars from customers. Do you think 25 years is fair? Watch our feature documentary RUIN: Money, Ego and Deception at FTX - https://www.youtube.com/watch?v=3QpdU...
1 year ago | [YT] | 221