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it wasn't one where widows and orphans were left high and dry - ask the pensioners of BHS about that.
The Ontario Teachers Pension Plan managers and their customers will be relieved, but the fact he was risking doing just that is why "effictively a victimless crime" shouldn't excuse so much.
as for the "willing to flip a coin to destroy the world", well that's not what he was on trial for and as he wasn't president of the USA, it's hard to see the relevance.
You know that was a metaphor. The point is the casual approach to exposing other people to risk.
itsbruce-
yes, and i agree that what he did was wrong, and a crime, and he deserves sanction. i agree that the creditors basically got lucky on the timing of the liquidation of assets, i said that in an earlier post - it could have been worse.
i was just trying to make some comparisons to other destroyers of other people's corporate or invested value, and what happened to them.
i'd guess we mainly agree and most likely have minor objections to the language used :)
as an aside - not sure what the Ontario Teachers Pension Plan were doing investing in crypto / FTX if they were, but that's a different argument.
ChasnotRobert
terrible excuse for what? i'm not trying to excuse anyone, i'm just saying that 25 years without parole seems harsh.
i'm not trying to excuse SBF and i'm not suggesting that the article is unbiased.
i'm not sure what you mean by "as bad a reason for saying that". I was just observing that the creditors were made whole plus 9% pa interest, so as crimes go it wasn't one where widows and orphans were left high and dry - ask the pensioners of BHS about that.
I don't really understand your point.