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So if Martin Shkreli got 7 years for fraud, Elizabeth Holmes got 11 years for fraud. Does this mean SBF is looking at life in prison? Hard to see why stealing

So if Martin Shkreli got 7 years for fraud, Elizabeth Holmes got 11 years for fraud. Does this mean SBF is looking at life in prison? Hard to see why stealing billions of your customers money to spend gambling and buying personal items then lying about it multiple time isn't a bigger crime than what those two were sentenced for.

themagician 4y ago
SBF will probably get off with no sentence or a very light sentence. Hell, he might not even get charged. Martin basically ASKED for prison. Instead of apologizing, or claiming ignorance, he sort of doubled down on arrogance. Homles did largely the same thing. She doubled down. SBF is apologizing left and right, claiming ignorance, and admitting that he made a mistake (even if it was 100% intentional). That goes a long way. Longer than you'd think. Most of the people he defrauded have little power over him. SBF knows how to play the game. He's been playing it since Day 1. When in doubt, lie. But keep your lies consistent. A good lie is easier to believe than the truth. Because if you believe it, they believe it.
- from 4y ago
  "Acceptance of responsibility" is like -3 points on the guidelines. That won't change the fact that he's still at like +40 points for the enormous loss amount, the huge number of victims, and the number of victims who suffered hardship. Even if they depart downward (they probably will because he will likely have the one of the best legal teams ever assembled and the most persuasive sentencing memorandum ever drafted) they are unlikely to depart by as much as you're talking about. SBF will probably get at least the sentence of Holmes unless he gets the most naive judge in the world.
  - propogandist 4y ago
    SBF will be out fund raising again soon, he won’t see any time behind bars. -20 thanks to political bribes & connections, -5 helping with Ukraine’s money laundering, -12, based on the points Kanye has made.
  - smabie 4y ago
    I'll bet under on this
    - from 4y ago
      It’s almost entirely dependent on the judge. Matsumoto in EDNY would probably give him like 9 years or something like that but there are stricter judges. If his case is in California then it’d be different too.

themagician 4y ago

SBF will probably get off with no sentence or a very light sentence. Hell, he might not even get charged. Martin basically ASKED for prison. Instead of apologizing, or claiming ignorance, he sort of doubled down on arrogance. Homles did largely the same thing. She doubled down. SBF is apologizing left and right, claiming ignorance, and admitting that he made a mistake (even if it was 100% intentional). That goes a long way. Longer than you'd think. Most of the people he defrauded have little power over him. SBF knows how to play the game. He's been playing it since Day 1. When in doubt, lie. But keep your lies consistent. A good lie is easier to believe than the truth. Because if you believe it, they believe it.

from 4y ago
"Acceptance of responsibility" is like -3 points on the guidelines. That won't change the fact that he's still at like +40 points for the enormous loss amount, the huge number of victims, and the number of victims who suffered hardship. Even if they depart downward (they probably will because he will likely have the one of the best legal teams ever assembled and the most persuasive sentencing memorandum ever drafted) they are unlikely to depart by as much as you're talking about. SBF will probably get at least the sentence of Holmes unless he gets the most naive judge in the world.
- propogandist 4y ago
  SBF will be out fund raising again soon, he won’t see any time behind bars. -20 thanks to political bribes & connections, -5 helping with Ukraine’s money laundering, -12, based on the points Kanye has made.
- smabie 4y ago
  I'll bet under on this
  - from 4y ago
    It’s almost entirely dependent on the judge. Matsumoto in EDNY would probably give him like 9 years or something like that but there are stricter judges. If his case is in California then it’d be different too.