The co-founder of failed cryptocurrency exchange FTX pleaded not guilty to a seven count indictment charging him with wire fraud, securities fraud and money laundering.
An attorney for FTX co-founder Sam Bankman-Fried said in federal court Tuesday his client has to subsist on bread, water and peanut butter because the jail he’s in isn’t accommodating his vegan diet.
is jail really the best thing here? like does it serve society at all to lock this guy up?
Yes.
This guy stole billions of dollars in fraudulent crypto.
Not locking him up would be to admit the 2 tiered justice system exists. We all know it does. But this would admit it.
Also he did try to run. So… off to jail he goes.
locking him up won’t get anyone their money back. i don’t know what would be the right thing to do but i don’t see how keepin him in a cage helps anyone.
His bail was revoked because he was contacting witnesses.
Classic example of fuck around and find out.
It’s called “justice” and in an ideal society it comes for everyone.
He commited billions of dollars worth of fraud. This was an intentional act. It might not “do any good”- but let me ask you, in a nation of laws, would allowing one that blatant to escape justice do any good? And what about the harm caused by signaling that Stanford-lawyer-parents means you’re immune to prosecution?
Lock him up. Give him his crappy budget-vegan-diet and let him serve as an example. (Even if only that example is to not steal from rich assholes.)
Make him work in a sweatshop 16 hours a day until he can pay back everything he stole?
The main thing is to dissuade people from doing what he did, right?
Fuck around and find out and all that.
If it has any actual use for anyone (e.g. separating dangerous people from society, taking stolen property/money back, preventing them from committing more crimes etc), that’s entirely unintentional.
It’s interesting to me to meet someone wholly anti jail. I think our “justice system” is anything but, and at least that’s partially because we have a completely muddled idea about what we’re even trying to accomplish - mostly because of all these different opinions.
It seems pretty clear that our jails are “technically” just this side of cruel and unusual punishment as defined by our courts. But it’s all about punishment. Of course this assumes that retribution is a useful goal, and as you point out - it probably isn’t.
It’s also dubious that there’s any deterrence effect from jail sentences. Lots of people believe there is, but the studies I’ve seen don’t bear that out.
It’s also pretty clear that jail is expensive and just as likely to make criminals worse rather than better, so from a societal perspective, there’s a really good reason to re-think our justice system.
However, given our current system is about punishment and making victims and society at large feel better because “those who fucked around found out” - I would still prefer to see this guy get his to remind people we do in fact have laws and might enforce them.
If you don’t, aren’t you just saying to the next con man that it’s okay, jail is too hard so you won’t actually get punished, might as well steal billions of dollars?
i don’t think he’s a malicious conman trying to swindle grandma out of her retirement: i think he’s a stupid guy who dug a whole way too fucking deep. and i don’t think we should put people in cages for being stupid.
Do you even know the case? If that dude isn’t a malicious conman, that phrase has no meaning.
You think a guy who graduated from MIT and got a job at fucking Jane Street is “stupid”. No. His problem is the missing moral compass, he’s got the smarts all day.
are you arguing that he shouldn’t be sent to prison if he is found guilty? or that having him in jail until trial is a mistake?
the first one: yes, if he is found guilty, he definitely should be sent to prison. he is accused of committing fraud for billions of dollars.
for the second: yes. his bail was revoked because there was reasonable cause to believe he was attempting to tamper with witnesses
Our society locks up more than just dangerous criminals. And if you’re arguing against it there’s probably millions of people more deserving of more lenient charges than this guy.
if you’re arguing against it there’s probably millions of people more deserving of more lenient charges than this guy.
no doubt. but this is the guy we’re talking about right now so i thought it was worth pointing out that jail is bad and we need to rethink that whole thing.
i don’t relish the idea of keeping people in cages and this guy in particular just seems stupid. i don’t think there is a good case to be made that inconveniencing him for weeks months or years does us any good, especially since maintaining jails is, itself, kind of inconvenient for us.
i don’t relish the idea of keeping people in cages
I’m personally of the opinion that it’s sadly necessary sometimes, but we definitely overuse it and it’s always a tragedy when things get to the point where it’s necessary.
Regardless of my opinion though, if you’re interested in this you should probably check out this bit from a textbook on criminal law talking about the theoretical justifications for punishment because lots of people have thought and written lots about this and you may as well pick up the terminology they tend to use.
e; also, these are the arguments you’re going to run into (pretty sure I see deterrence, retribution, and incapacitation theories in this thread)