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Comment by btilly | Hacker News Reader

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btilly·

She's still serving her sentence. Just not in prison.

As for why it is so short, that's her reward for helping them get SBF.

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What's amazing is that they needed her help.

There's a reason SBF was arrested and tried within a year while other complex financial fraud cases take years to get a conviction.

Dec 11, 2008: Madoff arrested; scheme revealed.

March 12, 2009: Madoff pleads guilty to 11 federal felonies.

June 29, 2009: Sentenced to 150 years in prison and ordered to forfeit $17.179 billion.

In Madoff's case, he confessed to his sons. So again, this was a case of an insider having the goods, not the result of a speedy investigation.

I mean yeah Madoff confessed and made the case open and shut.

SBF entered a Not Guilty plea but Ellison for all intents and purposes entered a Guilty plea on his behalf with her co-operation.

She also had no choice, as SBF was blaming her. The point being that they still didn't really need her help. It was obvious that he committed fraud, and there was plenty of proof of it.

Well it was het fund that lost customers money

Your timeline is correct, but once Madoff was confronted he just confessed and everything moved forward.

I mean, the guy was constantly high on nootropics and they had no idea what actual investments FTX made. I'd imagine most of the time was just spent untangling that web, his case was more or less a slam dunk.

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