5 ms·

I have no skin in the game, and can't judge the sincerity of her remorse, but 2 years seems astonishingly low, given she was a senior executive of a multi-billi

I have no skin in the game, and can't judge the sincerity of her remorse, but 2 years seems astonishingly low, given she was a senior executive of a multi-billion dollar fraud. Almost makes it worth having a go at one.

killingtime74 2y ago
It's because she assisted the prosecution so got a big discount
Simon_ORourke 2y ago
It does indeed, if you could squirrel away a few million from nosey prosecutors, do your two years and come out "clean" the other side (assuming it's a federal rap with no possibility of remission for his behavior).
eschulz 2y ago
I believe at one point Jimmy Zhong mentioned something about how living like a billionaire for nine years was worth the one year prison sentence he received. I guess the key is to stay away from violence, and then once it's up admit you were wrong and state that you are committed to reform (or whatever your lawyers tell you to say). https://en.wikipedia.org/wiki/Jimmy_Zhong https://en.wikipedia.org/wiki/Jimmy_Zhong
- bragr 2y ago
  >living like a billionaire for nine years was worth the one year prison sentence he received He's only been out for a little bit. Give it 10 years and ask him how being a broke felon is. Especially with a fraud conviction which will preclude him from employment even more.
  - hilux 2y ago
    That guy will never be "broke."
- Aunche 2y ago
  The Bitcoin was only worth $620,000 at the time though, and he only was able to do so because he stumbled upon a bug in the Silk Road, so it wasn't premeditated. That's very different from intentionally gambling with billions of dollars from your customer's money like Ellison or SBF.
intuitionist 2y ago
Yeah, if you can find one where there’s a more senior exec with more culpability who you can flip on. And once you’ve found that, you might as well become a whistleblower instead, which has considerable upside and much lower downside.
zombiwoof 2y ago
Exactly, what nobody is talking about is she is only remorseful because she got CAUGHT
cortesoft 2y ago
Seriously? There is no amount of money I would be willing to serve two years in prison for. She has no money, can’t get a job, and is going to be IN PRISON for two years. I never understand people who seem to think any amount of jail time is trivial. I wouldn’t serve 30 days in jail for a billion dollars.
- MichaelNolan 2y ago
  > I wouldn’t serve 30 days in jail for a billion dollars. Prison isn’t that bad. Especially a federal minimum security woman’s prison. It’s basically like a summer camp, but with nothing fun to do.
  - balls187 2y ago
    Never been, but I suspect GP’s comments has to do with the stigma and limitations once you are a convicted felon.
    - mikestew 2y ago
      In the context of GP's quoting, you'd be a convicted felon, sure. But you'd also be a billionaire, and which point I'd not be terribly concerned about "stigma".
    - 0cf8612b2e1e 2y ago
      My understanding that being a convicted felon is terrible because it can make it difficult to ever secure a decent job. Does she ever need to work again?
      - ryandrake 2y ago
        Bingo. For as little as, say, $10 million, you wouldn’t even have to work again or voluntarily interact with other humans. So who cares if you can’t get a job due to “stigma”? I’d sit in my living room collecting my monthly interest checks, not giving a single shit about what anyone, including employers, thought about me. Enough money insulates you from ever having to care about what anyone thinks of you.
potato3732842 2y ago
If they gave her a life ruining sentence the next defrauding billionare's wife/girlfriend might not be so cooperative.

killingtime74 2y ago

It's because she assisted the prosecution so got a big discount

Simon_ORourke 2y ago

It does indeed, if you could squirrel away a few million from nosey prosecutors, do your two years and come out "clean" the other side (assuming it's a federal rap with no possibility of remission for his behavior).

eschulz 2y ago

I believe at one point Jimmy Zhong mentioned something about how living like a billionaire for nine years was worth the one year prison sentence he received. I guess the key is to stay away from violence, and then once it's up admit you were wrong and state that you are committed to reform (or whatever your lawyers tell you to say). https://en.wikipedia.org/wiki/Jimmy_Zhong https://en.wikipedia.org/wiki/Jimmy_Zhong

bragr 2y ago
>living like a billionaire for nine years was worth the one year prison sentence he received He's only been out for a little bit. Give it 10 years and ask him how being a broke felon is. Especially with a fraud conviction which will preclude him from employment even more.
- hilux 2y ago
  That guy will never be "broke."
Aunche 2y ago
The Bitcoin was only worth $620,000 at the time though, and he only was able to do so because he stumbled upon a bug in the Silk Road, so it wasn't premeditated. That's very different from intentionally gambling with billions of dollars from your customer's money like Ellison or SBF.

intuitionist 2y ago

Yeah, if you can find one where there’s a more senior exec with more culpability who you can flip on. And once you’ve found that, you might as well become a whistleblower instead, which has considerable upside and much lower downside.

zombiwoof 2y ago

Exactly, what nobody is talking about is she is only remorseful because she got CAUGHT

cortesoft 2y ago

Seriously? There is no amount of money I would be willing to serve two years in prison for. She has no money, can’t get a job, and is going to be IN PRISON for two years. I never understand people who seem to think any amount of jail time is trivial. I wouldn’t serve 30 days in jail for a billion dollars.

MichaelNolan 2y ago
> I wouldn’t serve 30 days in jail for a billion dollars. Prison isn’t that bad. Especially a federal minimum security woman’s prison. It’s basically like a summer camp, but with nothing fun to do.
- balls187 2y ago
  Never been, but I suspect GP’s comments has to do with the stigma and limitations once you are a convicted felon.
  - mikestew 2y ago
    In the context of GP's quoting, you'd be a convicted felon, sure. But you'd also be a billionaire, and which point I'd not be terribly concerned about "stigma".
  - 0cf8612b2e1e 2y ago
    My understanding that being a convicted felon is terrible because it can make it difficult to ever secure a decent job. Does she ever need to work again?
    - ryandrake 2y ago
      Bingo. For as little as, say, $10 million, you wouldn’t even have to work again or voluntarily interact with other humans. So who cares if you can’t get a job due to “stigma”? I’d sit in my living room collecting my monthly interest checks, not giving a single shit about what anyone, including employers, thought about me. Enough money insulates you from ever having to care about what anyone thinks of you.

potato3732842 2y ago

If they gave her a life ruining sentence the next defrauding billionare's wife/girlfriend might not be so cooperative.