Hacker News Reader

Comment by tempsy | Hacker News Reader

I think no less than 20 years but not sure about life either.

SBF did not do himself any favors with his smug attitude that caused the judge himself to scold him several times during his examination. If he was a little more remorseful I could’ve seen some more leniency but the Judge did not like his attitude from what I could read following his testimony.

View on HN

First time offender, I bet he gets maybe 10 years. I was optimistic that he would be found guilty, but not on the same level as Elizabeth Holmes. She could've killed people, SBF… I think he might actually only get maybe 10 years or less.

Eh disagree. Holmes got more than 10 years but she didn’t even try to profit by selling shares or borrowing against shares to buy a bunch of things. The scale of the financial fraud is enormous and on top of that they spent hundreds of millions of it on luxury items and influence peddling.

Would be shocked if he got less than Holmes.

Michael Milken got 10 years, ended up serving 22 months, but he took a plea deal and was cooperative in other ways. SBF might have gotten similar if he had shown some contrition and taken a deal. The way he played it, he's more likely to get the book thrown at him.

Yeah Milken was responsible for way more financial crimes and actively profited off of literally manipulating the market and causing a major crash and he did 22 months and then got a pardon, but as you said, he cut a deal. Because he might be a terrible person but he’s smart and has competent lawyers.

Sorry to be harsh but you have no idea what you're talking about. Holmes was famously not found guilty of defrauding patients, only defrauding investors.

SBFs fraud totals were much, much higher than Holmes, and the federal sentencing guidelines indicate he'll be going to jail for much longer.

"she could've killed people" - I agree and infuriating part of her trial is that she was not convicted of endangering patients or defrauding employees. She was only convicted of defrauding investors (some of whom were famous politicians and lost some money because of her).

Reply on news.ycombinator.com