alt Hacker NewsSpending 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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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.
Seems more like sunk cost fallacy, after 12 months in jail you could be unwilling to give up and tell where the treasure is, because then you would have spent a year in jail for nothing, and then it just gets worse and worse each passing year...
At what age do you believe, 10 years in jail are a better price to pay?
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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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.