If you want to become successful sooner or later you'd have to do the same .
As I realized this I am slowly but steadily abandoning the race for money and I am trying to approach it by finding the best deals for the stuff that I like as money saved is money earned and there is very little difference between experiencing a top 85 percentile thing and a top 99.999 percentile thing , but that last 15% man that is what the money exonential really goes crazy
Would you say that a misuse of funds with zero chance of the rightful owner losing their money is a less serious crime than a misuse of funds with a 50% or 100% chance of losing their money.
I think it is, and penalties should be proportionate. That is a principle that I hold independent to any of the specifics of this case.
Loss of freedom is ultimately what will reform a criminal, if reform is possible.
I don't believe that is correct. In fact there's pretty good research to suggest that custodial sentences inrcease recidivism. This does not really apply to the SBF case, but I shall elaborate for the general case.
There are far more burglars in their 20's than in their 50's. The predominant characteristic amongst people over the age of 50 being convicted of burglary is previous jail time for burglary.
Research has shown the single most reliable way to reform a criminal is to let them get older without going to jail, and to a lesser extent gaining a criminal record. People are far more often criminals by circumstance than by nature.
I think it’s just getting older. If they’re a recivifism risk, locking them up until they’re older can be argued to serve the public good. If they’re not, you’re right, don’t jail them. The argument is essentially against short prison sentences; either find another way to punish or commit to locking them up until they’re 60.
Subjecting people to a fairly brutal environment for that time provides a completely different set of experiences.
The long standing dichotomies of crime management is whether reduced crime is more, or less important, than justice. On top of this is is punishment retribution, deterrent, rehabilitation, or mere isolation.
Many people disagree on these points. Some refuse to acknowledge the possibility that some of the goals might be in conflict.
I’ll track down the paper, but I don’t think this is true. Older people are just less criminally inclined. Across the board.
The goals of penal sanctions are “retribution, deterrence, incapacitation, and rehabilitation” [1].
Bankman-Fried is a sociopath. He isn’t going to be rehabilitated, his continuing pursuit of a pardon proves that. The benefits in jailing him are mainly in the first three: retribution, deterrence and incapacitation.
[1] https://www.congress.gov/crs_external_products/LSB/HTML/LSB1...
No, because the crime is the same either way. The crime is "misuse of funds", full stop.
If recklessly using those funds is also a crime, then there should be an extra charge tacked on, which would presumably increase penalties on conviction.
Of course it was a pretty clear pattern of usage over time, not a one-time thing that could be explained as accidental.
1. the person taking the money had no guarantee that the money, or some of it, would not be lost.
2. it wasn't their intention to give all or some of it back to its rightful owners.
3. the fact that some of it could repay some of the rightful owner's was often a matter of luck, not intent (there is some overlap between 1 and 3).
SBF hits all three of these. Your intent matters. At some point SBF intended by conscious acts to run and continue running a Ponzi scheme. He wasn't trying to bail himself out of the hole other than to the extent required to keep the Ponzi scheme going and enrich himself in the process.
So, respectfully, I disagree. May there be other cases that I agree with you on, depending on the particulars? Perhaps so. But not this one.
I disagree that this was shown in the SBF case. In fact, it seems much of the case was based on the fact that these points were not pertinent to the charges he faced. Which is also likely why his appeal failed. The argument that he was disallowed from making would have spoken to those issues. If it had have been relevant to the charges, he should have been allowed to make the argument.