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25 years max for stealing billions? God bless America. > Lichtenstein and Morgan are charged with conspiracy to commit money laundering, which carries a maximu

25 years max for stealing billions? God bless America. > Lichtenstein and Morgan are charged with conspiracy to commit money laundering, which carries a maximum sentence of 20 years in prison, and conspiracy to defraud the United States, which carries a maximum sentence of five years in prison. A federal district court judge will determine any sentence after considering the U.S. Sentencing Guidelines and other statutory factors.

twox2 5y ago
Are you suggesting that's a light punishment?
- throwaway110535 5y ago
  Given that folks have been given longer punishments for stealing less, yes. Granted, ianal and I acknowledge that things come into play like repeat offenses, etc.
  - twox2 5y ago
    At the same time, though, folks get lighter sentences for rape and murder. IMO there's nothing 30,40,50+ years can do to a person that 25 can't.
    - throwaway110535 5y ago
      touché
gruez 5y ago
>25 years max for stealing billions? 1. The bitcoins were only worth ~$70 million at the time of theft. saying they stole "billions" is highly misleading 2. I don't get it, aren't we supposed to be getting less "tough on crime", especially for non-violent offenses?
- throwaway110535 5y ago
  1. Just quoting the amount mentioned in the press release. I guess its highly misleading too? 2. Supposed to be, but we all know that folks are sitting in jail right now for longer periods of time for stealing less.
  - gruez 5y ago
    >2. Supposed to be, but we all know that folks are sitting in jail right now for longer periods of time for stealing less. Example? The US sentencing guidelines[1] considers multiple factors other than "value stolen" https://www.ussc.gov/guidelines/2021-guidelines-manual-annotated https://www.ussc.gov/guidelines/2021-guidelines-manual-annot...
    - throwaway110535 5y ago
      can't say i've ever read the sentencing guidelines. you win.
smartties 5y ago
Are they being charged for stealing? I thought the concept of crypto is to be you own bank, So as long as you have the private key, you are now technically the owner. What if two people generate the same private key. Who is the owner ?
- khuey 5y ago
  They're charged with money laundering.
CPLX 5y ago
I am just guessing here but it's likely that there are multiple counts of these charges.
duxup 5y ago
It's not clear that this is the end of the charges.
paulpauper 5y ago
maybe 25 after a plea deal
dcist 5y ago
they haven't actually been charged with hacking, just the laundering. the complaint could be amended after investigation and the potential sentence would go up.

twox2 5y ago

Are you suggesting that's a light punishment?

throwaway110535 5y ago
Given that folks have been given longer punishments for stealing less, yes. Granted, ianal and I acknowledge that things come into play like repeat offenses, etc.
- twox2 5y ago
  At the same time, though, folks get lighter sentences for rape and murder. IMO there's nothing 30,40,50+ years can do to a person that 25 can't.
  - throwaway110535 5y ago
    touché

gruez 5y ago

>25 years max for stealing billions? 1. The bitcoins were only worth ~$70 million at the time of theft. saying they stole "billions" is highly misleading 2. I don't get it, aren't we supposed to be getting less "tough on crime", especially for non-violent offenses?

throwaway110535 5y ago
1. Just quoting the amount mentioned in the press release. I guess its highly misleading too? 2. Supposed to be, but we all know that folks are sitting in jail right now for longer periods of time for stealing less.
- gruez 5y ago
  >2. Supposed to be, but we all know that folks are sitting in jail right now for longer periods of time for stealing less. Example? The US sentencing guidelines[1] considers multiple factors other than "value stolen" https://www.ussc.gov/guidelines/2021-guidelines-manual-annotated https://www.ussc.gov/guidelines/2021-guidelines-manual-annot...
  - throwaway110535 5y ago
    can't say i've ever read the sentencing guidelines. you win.

smartties 5y ago

Are they being charged for stealing? I thought the concept of crypto is to be you own bank, So as long as you have the private key, you are now technically the owner. What if two people generate the same private key. Who is the owner ?

khuey 5y ago
They're charged with money laundering.

CPLX 5y ago

I am just guessing here but it's likely that there are multiple counts of these charges.

duxup 5y ago

It's not clear that this is the end of the charges.

paulpauper 5y ago

maybe 25 after a plea deal

dcist 5y ago

they haven't actually been charged with hacking, just the laundering. the complaint could be amended after investigation and the potential sentence would go up.