zlacker

25 years max for stealing billions? God bless America.

> Lichtenstein and Morgan are charged with conspiracy to commit money laundering, which carries a maximum sentence of 20 years in prison, and conspiracy to defraud the United States, which carries a maximum sentence of five years in prison. A federal district court judge will determine any sentence after considering the U.S. Sentencing Guidelines and other statutory factors.

>>throwa+(OP)
Are you suggesting that's a light punishment?

>>throwa+(OP)
>25 years max for stealing billions?

1. The bitcoins were only worth ~$70 million at the time of theft. saying they stole "billions" is highly misleading

2. I don't get it, aren't we supposed to be getting less "tough on crime", especially for non-violent offenses?

>>gruez+V
1. Just quoting the amount mentioned in the press release. I guess its highly misleading too?

2. Supposed to be, but we all know that folks are sitting in jail right now for longer periods of time for stealing less.

>>twox2+h
Given that folks have been given longer punishments for stealing less, yes. Granted, ianal and I acknowledge that things come into play like repeat offenses, etc.

>>throwa+(OP)
Are they being charged for stealing? I thought the concept of crypto is to be you own bank, So as long as you have the private key, you are now technically the owner. What if two people generate the same private key. Who is the owner ?

>>throwa+(OP)
I am just guessing here but it's likely that there are multiple counts of these charges.

>>throwa+B3
>2. Supposed to be, but we all know that folks are sitting in jail right now for longer periods of time for stealing less.

Example?

The US sentencing guidelines[1] considers multiple factors other than "value stolen"

https://www.ussc.gov/guidelines/2021-guidelines-manual-annot...

>>throwa+(OP)
It's not clear that this is the end of the charges.

>>smartt+S5
They're charged with money laundering.

>>throwa+94
At the same time, though, folks get lighter sentences for rape and murder. IMO there's nothing 30,40,50+ years can do to a person that 25 can't.

>>twox2+Jb
touché

>>gruez+C6
can't say i've ever read the sentencing guidelines. you win.

>>throwa+(OP)
maybe 25 after a plea deal

>>throwa+(OP)
they haven't actually been charged with hacking, just the laundering. the complaint could be amended after investigation and the potential sentence would go up.