Sam Bankman-Fried faces a maximum sentence of 115 years in prison for FTX’s loss of customer funds.
If sentenced to over 100 years, his punishment will match that of serial killers and rapists, child molestors, mass shooters, cult leaders and top gangsters. Only a handful of US fraudsters in history have ever been sentenced to over 100 years. Ponzi scheme mastermind Bernie Madoff was sentenced to 150, but his fraud was the scale of $64 billion versus Bankman-Fried’s mere 10.
With all that in mind, should Bankman-Fried spend the rest of his life behind bars?
The natural inclination of many, myself included, is no. White collar financial crime doesn’t “hurt” anybody — its…
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