Looking at potentially 110 years which will be decided in a separate sentencing hearing, keep pitch forks at the ready just in case they commute his sentence or some other shenanigans.

[–] Darukhnarn@feddit.de 34 points 1 year ago (2 children)

He fucked with other rich people’s money, that’s the thing they don’t like.

[–] Coreidan@lemmy.world 5 points 1 year ago (1 children)

Did he tho? He looks like the fall guy for all the fraud you see happening and he’s not the master mind but rather just a pawn in the game.

The people who are truly responsible for this are still walking.

It’s clear SBF is just a publicity stunt to make sure the poors don’t revolt.

[–] SuperJetShoes@lemmy.world 2 points 1 year ago

I'm unclear about the Fraud charges.

In a Fraud case, you deliberately set out to take other people's money, illegally, from the offset.

I don't think he did that. I think his intentions were honest but he got too cocky by providing loans and overspending. However, I feel that he thought he was smart enough to make it all back and make good, like Nick Leeson.

I don't think he set out to be a crook. I think he set out to be extremely wealthy, thought he was smarter than he was, then couldn't cope when things started to collapse.

It's different from setting out to craft a scheme to rob people.

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