| ▲ | olalonde 5 hours ago |
| Spending a decade in jail at age 60+ is a hell of a price to pay for a few millions. I'm tempted to believe he doesn't actually know where the coins are. If that's the case, he just spent 10+ years in a cage because a judge didn't believe him.... |
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| ▲ | jbstack 2 hours ago | parent | next [-] |
| According to the article, the lawsuit said the coins were worth up to $400m. That's more than a "few" millions, it's $40m per year spent in jail. I think the bigger issue for him is that it will be very hard to launder all of that without getting caught. |
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| ▲ | Fargren an hour ago | parent [-] | | At no point in my life would I choose to spend 10 years in jail for $400m. Only if my current living situation was very poor and this was my only way out of it. I can sort of imagine why one would... but it seems like an awful decision to me. It seems more plausible to me he actually doesn't have the gold. | | |
| ▲ | craftkiller 21 minutes ago | parent [-] | | I would in a heartbeat. $400,000,000 is never-work-again-in-your-life money. Not just for me, but for my parents and other members of my family. You could put it into bonds at a mere 2% APY (far lower than current interest rates) and get 8 million dollars per year in interest for doing nothing. At 16 waking hours per day, we're losing at least half of that with work, so it would only take 1 additional decade before I break even in terms of time, not even considering the vastly improved quality of life having millions of dollars of annual passive income nets you. I could even afford dram. |
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| ▲ | cultofmetatron 4 hours ago | parent | prev | next [-] |
| 10 years for refusing to to say where he found gold is wild. people who committed fraud against elderly people and child molesters often get sentenced for less than that. |
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| ▲ | Terr_ 3 hours ago | parent | next [-] | | > 10 years for refusing to to say where he found gold is wild. No, that's not what happened. I'm guessing you saw this news before under a clickbait title. It's not about where gold was found, it's about where he stashed it later. These are assets that are (or were) in his hands which partially belong to all the investors he defrauded. | | |
| ▲ | wouldbecouldbe 2 hours ago | parent | next [-] | | Still point stand that fraud is at times punished harsher then rape or child molesting | | |
| ▲ | danielheath 13 minutes ago | parent | next [-] | | The fraud isn’t what he’s being punished for. The ongoing refusal to answer questions under oath is. He could have agreed to talk anytime and been released shortly. | |
| ▲ | an hour ago | parent | prev | next [-] | | [deleted] | |
| ▲ | andrepd an hour ago | parent | prev [-] | | Rape and child molesting is often, unfortunately, hard to prove in a court of law. This case is the opposite. | | |
| ▲ | graemep an hour ago | parent [-] | | You are missing the point. When these crimes are proved in court they get lower sentences. The lower conviction rates are unavoidable. The shorter sentences are not. I remember once reading two bits of news about people given similar sentences. One for copyright infringement, the other for sexual assault of a teenager. | | |
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| ▲ | Mistletoe 2 hours ago | parent | prev [-] | | I don’t understand why he won’t just share it, that’s Thorin Oakenshield level of crazy to choose jail over that. “On my life, I will not part with a single coin.” |
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| ▲ | Hendrikto 3 hours ago | parent | prev | next [-] | | In Germany, financial crimes are often punished much harder than capital crimes too. Tells you where the priorities lie. | | |
| ▲ | Sharlin 8 minutes ago | parent [-] | | To be fair, that’s pretty common and the justification is that it’s much more difficult to get caught (and the criminals are usually much smarter and better at not getting caught too). |
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| ▲ | heavyset_go 4 hours ago | parent | prev [-] | | He defrauded his investors. As much as I find that funny, what he did was a white collar crime that has consequences. | | |
| ▲ | DetroitThrow 3 hours ago | parent [-] | | Yeah it's a sad consequence but... He effectively stole from others, why are people shocked? And yes contempt charges shouldn't go this long, but that's a separate qualm than "should he be criminally charged at all". |
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| ▲ | bredren 4 hours ago | parent | prev | next [-] |
| This presumes he knew he would be held that long. Presuming he holds keys to vast wealth, the calculation would have shifted over time. Especially once he was serving his original sentence again starting a year ago. Another consideration is that many go to jail longer with no upside once getting released. |
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| ▲ | lukan 5 hours ago | parent | prev | next [-] |
| At what age do you believe, 10 years in jail are a better price to pay? |
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| ▲ | latexr an hour ago | parent | next [-] | | Several people in the comments are focusing too much on the 10 years and on if that’s an acceptable trade-off. It’s worth pointing out no one knew it would be 10 years, not even the judge. The sentence wasn’t “10 years”, it was “indefinitely until we get an answer”. It just so happens that 10 years is when this judge decided “alright, we’re not going to get an answer, no point in the jail time”. | |
| ▲ | Dylan16807 4 hours ago | parent | prev | next [-] | | If you ask people that would still have 25+ years of life after they're freed, I bet a lot of them would willingly take that trade. | | |
| ▲ | tasuki 3 hours ago | parent | next [-] | | I don't think there exists an amount of money I'd take in exchange for 10 years in jail, at any point in my life. 10 years is a long time. And sure, it depends on the jail... Can I like go for at least a short bike ride or go running? Can I have my computer and internet and Hacker News? Can I drink my oolongs and pu-erhs? Is the food delicious? But then it's not much of a jail anymore... | | |
| ▲ | autoexec 2 hours ago | parent | next [-] | | > But then it's not much of a jail anymore... If you aren't free to leave, and you're kept apart from society it's a jail. No one is ever sentenced to "10 years of eating bad food". Our prison system may torture people, it may feed them maggot infested food, it may deny them healthcare or safety, but that's not justice and it's not the punishment they were given, it's just an abuse they're made to suffer because the cruel and the greedy have been able to get away with it. If we've determined that somebody is too dangerous to live with the rest of our society there's no reason at all that they should have to be miserable or suffer needlessly. It's enough that they are kept away from us so that we're safe from them. Their actions would have required us to take their freedom, but they should be able to make the best of their situation and not be subjected to inhumane treatment or abuse. If we feel we need to jail people temporarily as a punitive measure it's enough to keep them locked up, separated from their loved ones, and unable to do what they want or go where they want. The only people who'd think losing your freedom isn't a punishment are those who don't value freedom. Most people really do know it's a punishment, but they just want to see people suffer far beyond what their sentence calls for or the law should ever allow. | | |
| ▲ | verisimi 2 hours ago | parent [-] | | > If you aren't free to leave, and you're kept apart from society it's a jail. Kept apart from society? And no one will be bothering me? Sounds like heaven. | | |
| ▲ | autoexec 2 hours ago | parent | next [-] | | The nice thing about not being in jail is that you have the freedom to choose where and how you live. Feel free to move into a shack in the middle of the woods away from everyone. Plenty of people make the choice to live as hermits or shutins because they don't want to deal with other people or the demands being a part of a community places on them. | |
| ▲ | TeMPOraL an hour ago | parent | prev | next [-] | | Well, if society feels the need of inflicting this on you, it's a win-win, so why not? | |
| ▲ | 5o1ecist 22 minutes ago | parent | prev [-] | | [dead] |
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| ▲ | defrost 2 hours ago | parent | prev | next [-] | | You can get decent food, good education, internet access, bike rides and running in Norwegian prisons - you're still there for {X} years (depending on behaviour). Well, stationary bike riding at least - not all of them have large yards that take a good while to cycle about. * https://www.sixnorwegianprisons.com/spaces/rehabilitation.ht... Some prisons have large field for outdoor activities, like walking together, running, playing football, and skiing and skating in the winter.
* https://www.sixnorwegianprisons.com/spaces/yard.html> But then it's not much of a (US) jail anymore... exactly - these are Norwegian gaols. They started out much like US gaols but once it came clear how poorly they performed (wrt good of community rather than pockets of BigBarsCo.) they were overhauled: * https://www.firststepalliance.org/post/norway-prison-system-... | |
| ▲ | jbstack 2 hours ago | parent | prev | next [-] | | I think many people who have children would gladly do 10 year in prison at age 60 if it meant they could leave $400m in their estate. If we pretend for the sake of the argument (unrealistically) that there's no major ethical concern, and that the money can actually be kept afterwards, then I would definitely make that sacrifice for my children. They are more important to me than my own personal comfort. | | |
| ▲ | latexr an hour ago | parent | next [-] | | > They are more important to me than my own personal comfort. Which means you can have a bigger positive impact on their lives by being present than by giving them money. | |
| ▲ | djhn an hour ago | parent | prev [-] | | I would not assume that giving my kids $400 million would be a net benefit to them. Now to be fair I might be wrong, since I’ve neither researched this nor given it much thought. Maybe there is research on deca- and centimillionaire heirs that shows positive effects of money on life satisfaction, happiness, health and other life outcomes. However I suspect it works similarly to sheltering kids from adversity, failure and hardship in general: disadvantages them psychologically and leads to more problems down the line. |
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| ▲ | N7lo4nl34akaoSN 3 hours ago | parent | prev [-] | | 1 trillion dollars. | | |
| ▲ | tasuki 3 hours ago | parent [-] | | Can I use the 1 trillion dollars to make my jail stay more comfortable? If not, then I'm not interested. What would I do with 1 trillion dollars to offset the missing 10 years? Perhaps if there was a good chance I could prolong my "still healthy" years by 20 years or more, I should take it. But it seems like disappearing for 10 years would break a lot of things. People will die, friends will move on... sounds like a rather bad deal still. | | |
| ▲ | latexr an hour ago | parent | next [-] | | > What would I do with 1 trillion dollars to offset the missing 10 years? Buy every politician and the media to become the effective ruler of your country, then use your influence to improve the lives of your compatriots, overhaul the entire political system and media to add safeguards to prevent anyone from ever again doing what you did, create a just society and become a beacon of hope to the world. | | | |
| ▲ | N7lo4nl34akaoSN 2 hours ago | parent | prev [-] | | 1 quadrillion dollars. I'm not sure if I would take it either. I would feel better earning (a fraction of) the money instead of just sitting around for it. | | |
| ▲ | elevatortrim an hour ago | parent [-] | | I would not want a quadrillion dollars in the first place, I would first try to reduce it to an amount that I can maintain relatively hassle-free and under-the-radar. But even for that perfect amount, I can't think of an age where I'd want to spent 10 years in prison, no matter how comfortable it is. |
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| ▲ | lukan 3 hours ago | parent | prev [-] | | Nobody knows how long you will have to live, especially not if you spend 10 years in an average prison. But there is a limited time of being young. |
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| ▲ | olalonde 4 hours ago | parent | prev | next [-] | | Younger. The opportunity cost of time scales non-linearly with age. If you're old enough, 10 years can be a life sentence. | | |
| ▲ | CrossVR 4 hours ago | parent [-] | | If I were asked to give up 10 years of my life I would rather choose to give up the final 10 years than 10 years in the prime of my life. | | |
| ▲ | olalonde 4 hours ago | parent [-] | | I think anyone would. But that’s not the scenario here. The question is: would you spend your last decade in a cell just to have the "satisfaction" of knowing where some gold is buried? | | |
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| ▲ | cbg0 4 hours ago | parent | prev [-] | | It depends on what life you've lived so far. |
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| ▲ | vaginaphobic 4 hours ago | parent | prev [-] |
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