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The people that Bernie Madoff stole from, got most of their money back. ~90% at this point. 👍🏿

justice.gov/opa/pr/justice-dep

Because Madoff stole from mostly rich, mostly white people, ultra high net worth individuals, financial institutions. US society makes sure that rich folk are made whole, have loans forgiven (Eg PPP), etc.

But the people that SBF stole from are unlikely to ever get their money back. Because they were disproportionately Black, low net worth individuals. AKA, normal people.

www.justice.gov · Justice Department Announces Total Distribution of Over $4 Billion to Victims of Madoff Ponzi SchemeThe Department of Justice announced today that the Madoff Victim Fund (MVF) began its eighth distribution of approximately $372 million in funds forfeited to the U.S. government in connection with the Bernard L. Madoff Investment Securities LLC (BLMIS) fraud scheme.

And please, stop acting like SBF was left leaning, or disproportionately supported Democrats' politicians. That's a lie.

SBF said himself, that he gave exactly the same amount to Dems as GOP. He said that he made his GOP donations through dark money, to intentionally conceal his political objectives and *appear* left leaning to fool people.

theguardian.com/technology/202

The Guardian · FTX billionaire Sam Bankman-Fried funneled dark money to RepublicansBy Dominic Rushe

Personally, I don't care if SBF gets 100 years, or 10 years, or 1 year, or no jail time. 🤷🏿‍♂️

Him sitting in jail doesn't improve my life. It doesn't bring restitution for his victims. It doesn't prevent future victims. It doesn't discourage the "Forbes 30 under 30, to 30 years to life" pipeline. It doesn't make VC firms more likely to fund Black women than the next SBF. It doesn't stop long-termists from writing long blog posts about how caring about ethics is "the enemy."

En Buen Ora 🆗

@mekkaokereke the only crime that rich people are even occasionally held to some account for is stealing from *other* rich people