zlacker

>>Ozarki+(OP)
This is wonderful. I've never argued that Ross shouldn't have served time but it's always been clear his prosecution and sentencing were excessive and unjust. The prosecutors asked for a 20 year sentence, which seemed disproportionate given the sentencing guidelines for a first-time offender and the non-violent charges he was convicted of. But the judge sentenced Ross to TWO life sentences plus 40 years - without the possibility of parole. There's no doubt Ross made a series of unwise and reckless decisions but serving over ten years of hard time in a FedMax prison is more than enough given the charges and his history.

It's just unfortunate that Trump, and now, excessive pardons are politically polarized, which could cloud the fact that justice was done today. I don't credit Trump in any way for doing "the right thing" or even having a principled position regarding Ross' case. Clearly, others with influence on Trump convinced him to sign it. It doesn't matter how the pardon happened. Biden should have already pardoned Ross because that crazy sentence shouldn't have happened in the first place.

>>mrandi+1d
Madoff got 150 years for non-violent charges (and he didn't even try to have anyone killed). Died in prison.

>>insane+ar
Madoff stole $20-35B, but by some measures a human life is only worth $10M. I am not really asserting those figures are comparable, just that Madoff stole a lot of money.

>>loeg+gv
Nah, it's more that you do not fuck with the money system. SBF is learning that same lesson.

Jeff Skilling (Enron) served 12 years in jail for insider trading and securities.

Not saying that Skilling, Maddoff or SBF shouldn't have gone to jail. They deserved it. But I do find it interesting that financial crimes can tend to be the most harshly judged, likely because of who they impact (the people with money) and because they cause distrust of the financial system as a whole.

> Madoff stole $20-35B

Not to defend Madoff, but it's not like he made off with that money himself, so I'm not sure "stole" is the correct term. Most of that money went to investors -- it just went to a different set of investors than the ones who had put that money in (the nature of a Ponzi scheme).

>>insane+Nz
> Nah, it's more that you do not fuck with the money system.

Isn't a common critique of the justice system that white-collar crime gets you less prison time (in nicer jails) than being for ex a drug dealer?

Plenty of finance scammers and conmen who stole millions get <5-10yr sentences

>>dmix+eC
yes, unless you're a big enough finance scammer that you stole from really rich people (most scammers who steal millions don't get it from the very rich)

>>insane+ZH
People have gone to jail for longer for selling weed, I think the argument that finacial crimes get you longer prison sentences is absurd.

>>mattma+JI1
I didn't say financial crimes in general, I specifically said financial crimes on a level that impact a large number of very rich people.

>>insane+3c2
But even then the times aren't longer than someone who gets caught with a 100 grams of coke. Skilling got 12 years for a financial fraud so heinous the whole system was re-regulated. You get that for selling crack on the corner.