4 ms·

He shouldn't bother. Soon he'll be offered a book deal, a movie deal and an exclusive interview deal that will net him enough money to live comfortably for at l

by idop 4y ago

He shouldn't bother. Soon he'll be offered a book deal, a movie deal and an exclusive interview deal that will net him enough money to live comfortably for at least a few decades. Not to mention that after his not-so-significant prison term he'll become a motivational speaker at 50 grand a pop.

rippercushions 4y ago
Citation needed for "not so significant", people behind lesser Ponzis have gotten decades in jail.
- idop 4y ago
  Was Martin Shkreli's and Jordan Belfort's prison terms significant? In any case, when you ruin people's lives, any prison term is insignificant.
  - cldellow 4y ago
    Shkreli got 7 years, for crimes where it's debatable how much, if any, money his investors lost. I think 7 years in prison is pretty significant. Belfort got 2 years, another exec at his company got 3 years. That doesn't seem significant. On the other hand, they got a deal because they cooperated, leading to 24 people at another fraud company being charged, one of whom got 22 years. (The fellow who got 22 years is now out. He's on Twitter at @TheReal_Wolf_, and is involved in NFTs. Hmm.) I don't think SBF would qualify for Shkreli's treatment, because people were significantly harmed. Would he get Belfort's treatment? Maybe, if he has the goods to bring down a bunch of other people.
    - dibt 4y ago
      As far as I know, Shkreli and Belfort only affected a small number of investors in the US. SBF operated in MANY jurisdictions worldwide, and had a (now embarrassing) association with government officials. It's likely more governments will go after him than the other two. It's possible his situation results in more prison time than even Do Kwon, founder of Luna/Terra.
rafale 4y ago
In some states like NY, the money you make from writing/talking about your crimes go to the victims of your crime. That's why Inventing Anna (Netflix series inspired by true events) didn't make any money for the real (but not so real) Anna Delvey.
- randallsquared 4y ago
  Those laws have mostly been ruled out: https://en.wikipedia.org/wiki/Son_of_Sam_law https://en.wikipedia.org/wiki/Son_of_Sam_law Per that article, the present version of the NY law allows extended time to sue for damages.
flylib 4y ago
he could be looking at long time in jail, no one wants to associate with him at this point
ldjkfkdsjnv 4y ago
I bet in a few years he raises VC money for a new venture
- SilverBirch 4y ago
  Yeah, I think the question "Does Marc Andreesen associate with scam artists" has been quite conclusively answered by now. I can just see it now "Well he built an amazing business last time..."
  - deleted 4y ago
    [deleted]
- funstuff007 4y ago
  He's already on the meeting calendar with ____.

by idop 4y ago

rippercushions 4y ago

Citation needed for "not so significant", people behind lesser Ponzis have gotten decades in jail.

idop 4y ago
Was Martin Shkreli's and Jordan Belfort's prison terms significant? In any case, when you ruin people's lives, any prison term is insignificant.
- cldellow 4y ago
  Shkreli got 7 years, for crimes where it's debatable how much, if any, money his investors lost. I think 7 years in prison is pretty significant. Belfort got 2 years, another exec at his company got 3 years. That doesn't seem significant. On the other hand, they got a deal because they cooperated, leading to 24 people at another fraud company being charged, one of whom got 22 years. (The fellow who got 22 years is now out. He's on Twitter at @TheReal_Wolf_, and is involved in NFTs. Hmm.) I don't think SBF would qualify for Shkreli's treatment, because people were significantly harmed. Would he get Belfort's treatment? Maybe, if he has the goods to bring down a bunch of other people.
  - dibt 4y ago
    As far as I know, Shkreli and Belfort only affected a small number of investors in the US. SBF operated in MANY jurisdictions worldwide, and had a (now embarrassing) association with government officials. It's likely more governments will go after him than the other two. It's possible his situation results in more prison time than even Do Kwon, founder of Luna/Terra.

rafale 4y ago

In some states like NY, the money you make from writing/talking about your crimes go to the victims of your crime. That's why Inventing Anna (Netflix series inspired by true events) didn't make any money for the real (but not so real) Anna Delvey.

randallsquared 4y ago
Those laws have mostly been ruled out: https://en.wikipedia.org/wiki/Son_of_Sam_law https://en.wikipedia.org/wiki/Son_of_Sam_law Per that article, the present version of the NY law allows extended time to sue for damages.

flylib 4y ago

he could be looking at long time in jail, no one wants to associate with him at this point

ldjkfkdsjnv 4y ago

I bet in a few years he raises VC money for a new venture

SilverBirch 4y ago
Yeah, I think the question "Does Marc Andreesen associate with scam artists" has been quite conclusively answered by now. I can just see it now "Well he built an amazing business last time..."
- deleted 4y ago
  [deleted]
funstuff007 4y ago
He's already on the meeting calendar with ____.