alt Hacker NewsMadoff 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.
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nearbuy • 01/22/2025
If someone robs a bank, or steals a wallet, they're probably hoping to get as much money as they can. If that wallet happened to $1B in it, I don't think it makes the thief more heinous. If we sentence people based on the amount of money they manage to steal, we're sentencing them largely based on luck.
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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).