Why Isn’t Sam Bankman-Fried (SBF) In Prison For The FTX Fraud?
Lately, I’ve been hearing a boatload of people asking, “Why isn’t Sam Bankman-Fried in jail, yet?”. Some people even assert that he will never see prison time, but I’ll get to that in a minute.
It’s amusing that some people view the justice system like a cartoon as if it takes 2 seconds to build a criminal case. The reality of the situation is that justice doesn’t take place immediately, at least not usually. And don’t bother citing certain cases like Bernie Madoff who went to prison the next day. That’s because Madoff was already under investigation and turned himself in, which means the SBF case and the Madoff case are nothing alike. Another difference, and another thinking to keep in mind, is that SBF is in the Bahamas. This adds complexity to the case. For the U.S. justice system to get involved, they will need to extradite him.
By the way, SBF IS currently being investigated. Better late than never, but this means it’s fake news to assert that SBF isn’t being investigated: that’s false. But again, people don’t usually just go to prison right away, and trials don’t usually happen right away — look at Enron and Theranos. And even when the trial happens, it’s not like that only takes hours or days. People are watching too much television, and that says more about them than the state of our justice system.
