Comparing the sentences of Sam Bankman-Fried and Tom Hayes
Compare these two sentences, as tests used to say. First, Sam Bankman-Fried, the thirty-two-year-old American founder of the collapsed FTX crypto exchange, who has been sentenced to twenty-five years in prison for a fraud that cost customers and investors $11 billion and for which, according to the New York judge, he uttered “never a word of remorse.” The jail term may look long but experts say he could be out in eighteen and at least Bankman-Fried has a prospect of sunshine before he’s old — unlike other US fraudsters such as Bernie Madoff and the Ponzi-scheme operator Allan Stanford, whose century-plus sentences ensured they would never be out at all.
