I'm not asking what you think will happen. What do you believe would be most just/right? Why?
Max / 100+ yr in prison27.1%
50+ yr in prison6.8%
25+ yr in prison11.9%
10+ yr in prison11.9%
No prison time5.1%
Forced to repay those he defrauded37.3%
59 votes \ poll ended
Oh one hand, fuck that scammer, on another hand, let the free market decide, if you fell for the obvious scam that's your responsibility.
A scam has nothing to do with free markets. Infantile people who think they are being clever say things like that. Incredibly elementary that a valid contract requires a meeting of the minds as its basis. 🤡
"Ho ho ho, you thought that gun I put to your temple had real bullets, jokes on you, sucker, it was empty! Maybe next you'll learn about the free market and not get scammed! We made a free exchange -- I offered you something, and you agreed!"
Ask Ross about that...
Yeah, that would be interesting. The people that put him away should be behind bars.
A couple of them are :)
Should he be fried or…
https://m.stacker.news/4440
He should have a sentence that is at least equivalent to what they gave Madoff. 150 years.
10 years. Bring him back fast so we can have more crypto drama
What crimes did he commit?
100+ years in prison. Guys like this have no soul regarding other individuals earnings. Couple years ago I lost like $20 ( may not sound like much but in my currency it is.) investing in a company that also went bankrupt. Maybe you've heard of them. MTI. Today I'm able to claim back my investment but it's gona cost me more than what I've already lost. Lesson learned.
This Turkish guy got 11,000 years:
https://decrypt.co/155522/thodex-ceo-gets-11000-year-jail-sentence-over-2b-crypto-exchange-collapse
If we reach immortality as Ray Kurzweil predicts, he's in for a ride.
I will say 50 years as he has bribed a lot of democrats
He's a patsy. The politicians he paid off, his sleazy parents, and anyone else who was controlling him behind the scenes will never be held accountable.
Life in prison for putting his hands into the money jar? Hard to justify more than 10 years for any non-violent crime. No way any of the bankers will face a single year when their pyramid schemes are exposed in the same way
https://nostrfiles.dev/uploads/5SotHpLVlkNB96asdPFh.jpeg
he stole money and savings from many people. Money = time, so much money = so much time...
Life in prison
I think more than 25 years of actual prison time starts to get pretty harsh given that central bankers have been more or less defrauding the public for the past 100+ years. Bare minimum 20 and he needs to repay as much as possible.
Part of me respects the bastard because he just looked at a corrupt system and thought if these fuckers can get away with it why shouldn't I be able to? But don't hurt the little guy in the process obviously.
Make him an example for others!
Polycule with Caroline:
https://www.thebitcoinbugle.com/sbf-found-guilty-sentenced-to-polycule-with-caroline/
Throw the book at that F%#@$$$@... so other morons like him be discouraged (doubt it tho). It was deliberate, there is simply no way he didn't know, so Max it is..
He should be tarred and feathered
LOL who voted "forced to repay" ? Are you guys retarded?
When you gave SBF your money, those money are not yours anymore. So he never "defrauded" you... you defrauded yourself. Fucking morons.
I voted forced to repay, I’m sure you’re not surprised to learn I’m straight up retarded :)
But trusting people who say they want the best for you, can make you rich, can make you be like them!.. that’s just hope. Hope that someone finally looked in your direction and saw you , wanted to help you! but then. But then. He must repay to the best of his ability. Seems like a smart kid, sometimes you gotta out in the work . This is his sentence.
Fellow retard here. I think you make a good point, but then again I am retarded.
Oh good sir, no no, ‘‘twas I what was amnsnst reterabread
Is Darth force choking you?
No no that guy is an idiot I’m choking myself
It is pretty clear that it was foolish to give your money to SBF. But legally speaking(under the laws of the US valid or not) SBF committed fraud.
SBF to my knowledge did deceive both investors and employees. Now, should they have known better? Yeah for sure. But even in a stateless society there will be fraudsters and we would need to have a system to handle this beyond NYKNYC.
One answer to critics of anarchism is to have private judges and organizations which figure out such things using common law. So I do not believe these answers are "retarded". I'm not saying this should be his sentence either.
"Forced to repay" might involve incarceration of some sort. As you mention above, since he can't afford to repay those he defrauded, he might have to be held in some form of involuntary servitude.
I understand your view on "pay back for the damage", but in this case he didn't make any real damage. People were retarded and gave him their money. Plain and simple. That means, by contract, they gave up their rights and ownership on those money.
So he did no damage, just gambling with his own money.
The crime of fraud always involves giving your money to someone else. Is your view that fraud is metaphysically impossible?
lol. Buyer beware would not cover everything. You would still need courts and judges in a stateless society. They actually predate the modern state so there's that.
always make and read the contract you sign. That's all. This whole fucked up world function based on contracts. Read UCC.
This is why I'm not saying you are right. To my knowledge he violated the contracts/rules that investors agreed to. I do not know this but this is my understanding. If he didn't do anything that violated the contracts people signed then I believe he should be a free man. In fact, if that was the case the state should pay him restitution. He's no different from a bookie.
My understanding is that he violated the terms of the contracts that customers signed. That's why it was considered fraud.
Yeah, so I think ETH is a scam but I don't think its creator is guilty of fraud. You do not have to sign a contract to buy that token. The info / knowledge about how it works is freely available. That's the difference to me.
Agreed. It could hypothetically be fraudulent, if the organization that manages ETH makes explicit assurances about how they're going to manage it and then do something different.
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I added that option because the criminal "justice" system doesn't actually care about justice. Anarchists have described a system where there would be no prisons but rather communities where those that have harmed others or stolen from others can work and their wages beyond paying for the privilege of food/board is sent to their victims as restitution. Under the current system in most nations criminals are housed at the cost of their victims. The status quo is more like a criminal revenge system. Not really about making things right.
So to answer your question. One scenario would be him being allowed to work and his wages would be paid to those that have valid claims against him. Now, it is highly unlikely that he would be able to repay them but I know he will not repay them in a prison. The US system just doesn't even allow for this sort of restitution.
I agree
Of the roughly $8.7b shortfall, FTX has recovered approximately $7b, with 90% of that $7b to be paid to FTX creditors.
People can expect to be paid back ~73% of what they (rather, SBF) lost on FTX if the bankruptcy plan is approved on December 16. It will be paid in USD, not Bitcoin or shitcoins.
I hope the people getting this 27% haircut learn an extremely important lesson…
NYKNYC
Can someone explain why SVB cannot even recover $1 for its creditors and gets a full bailout and noone is charged with anything. But FTX is able to recover over 70% for its creditors, without a bailout, and the exchange is charged with all kinds of things :)
Yeah I totally forgot about that.
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