5 ms·

That's not how it works. "No one got hurt" is a facile exoneration, and untrue at that. He didn't break the law "less" because by twist of fortune money showed

That's not how it works. "No one got hurt" is a facile exoneration, and untrue at that. He didn't break the law "less" because by twist of fortune money showed up in the account sometime down the line.

samsin 3y ago
Loss causation is described here [1] as the major factor influencing the sentencing range, so if all investors are made whole then a modest sentencing could be possible. It was also discussed in a recent Matt Levine newsletter. [1] https://digitalcommons.du.edu/cgi/viewcontent.cgi?article=1010&context=crimlawrev https://digitalcommons.du.edu/cgi/viewcontent.cgi?article=10...
FireBeyond 3y ago
Especially when a lot of the "lack of loss" is due to the speculatory appreciation of cryptos as a whole, not due to anything on SBF's behalf. If crypto had crashed, they could equally be looking at almost nothing.
satellite2 3y ago
That is very much how all criminal laws work.