db0@lemmy.dbzer0.com
on 28 Mar 2024 17:46
nextcollapse
Boo, I was hoping for 40. He’ll get out early enough to scam more.
SuckMyWang@lemmy.world
on 28 Mar 2024 17:52
nextcollapse
This is probably to satisfy the public. He’ll probably get closer from 5-10 and the rest will be watered down on appeals
Entropywins@kbin.social
on 28 Mar 2024 19:27
collapse
He is going to federal prison, which means he needs to serve 85% of his sentence or 21.25 years minimum.
michael@westergaard.social
on 28 Mar 2024 19:30
collapse
Not according to CNN:
""SBF may serve as little as 12.5 years, if he gets all of the jailhouse credit available to him," Mitchell Epner, a former federal prosecutor, told CNN.
Since 2018, however, nonviolent federal inmates can reduce their sentence by as much as 50% under prison reform legislation known as the First Step Act."
SuckMyWang@lemmy.world
on 29 Mar 2024 22:33
collapse
The last 7.5 years will probably be at home detention
sonori@beehaw.org
on 28 Mar 2024 17:57
nextcollapse
How much you want to bet that he is let out within fifteen for ‘good behavior’, ‘demonstrated an earnest commitment to changing his ways’ and the other reasons listed as to why wealthy people don’t spend long in prison.
db0@lemmy.dbzer0.com
on 28 Mar 2024 17:58
collapse
Far as I heard, reduction can only ever go down to 21
db0@lemmy.dbzer0.com
on 28 Mar 2024 18:18
nextcollapse
Sure, I’d rather Sam spent the rest of his life making up to his victims through public service works.
BruceTwarzen@kbin.social
on 28 Mar 2024 18:31
collapse
His poor billionaire victims
SomeoneSomewhere@lemmy.nz
on 28 Mar 2024 19:30
collapse
Were there not a fair pile of ‘mom and pop’ / young idiot ‘investors’ who got on the hype train and put in thousands or tens of thousands?
ThrowawayPermanente@sh.itjust.works
on 28 Mar 2024 19:55
collapse
That was probably the large majority. Anybody who knew what they were doing didn’t leave their money on FTX.
dgerard@awful.systems
on 28 Mar 2024 21:49
collapse
the fall of FTX took out large swathes of the remaining crypto economy, especially in Africa. Everyone just used FTX as a shitty bank.
but then, if they knew what they were doing, they wouldn’t have gone near crypto
ThrowawayPermanente@sh.itjust.works
on 28 Mar 2024 23:31
collapse
Well yeah, you’re right, it was more than just an exchange failing
froztbyte@awful.systems
on 29 Mar 2024 23:52
collapse
you know, this is a pretty good point (and I think the rest of my thoughts align with what david’s mentioned elsewhere in some of the threads)
thechadwick@lemmy.world
on 28 Mar 2024 23:52
collapse
But be 25 years behind all the other scammers in the meantime at least
dgerard@awful.systems
on 29 Mar 2024 15:47
collapse
none of the scams are new, he’ll adapt
doublejay1999@lemmy.world
on 28 Mar 2024 18:15
nextcollapse
If the prosecution don’t appeal this, you can know the fix is in.
Madoff got like 150 years.
dgerard@awful.systems
on 28 Mar 2024 19:56
collapse
i think they’ll go “fine, whatever. which crook is next”
(that would be CZ)
answersplease77@lemmy.world
on 28 Mar 2024 18:17
nextcollapse
He has at least stashed hundreds of bitcoins and get out multi billionare. So in 25 yrs he will rug bull the crypto market in revenage
AcausalRobotGod@awful.systems
on 28 Mar 2024 19:53
nextcollapse
This 25 year portion is going to be really easy to simulate!
V0ldek@awful.systems
on 29 Mar 2024 03:50
collapse
From the defense lawyer’s statement (after Molly White) :
Really, he’s an awkward math nerd. He thinks in probabilities about everything. He speaks in expected value calculations. He loves video games and veganism (…)
Those are aggravating circumstances. If I’m the judge that’s +10yrs just for “he speaks in EV calculations”.
threaded - newest
Boo, I was hoping for 40. He’ll get out early enough to scam more.
This is probably to satisfy the public. He’ll probably get closer from 5-10 and the rest will be watered down on appeals
He is going to federal prison, which means he needs to serve 85% of his sentence or 21.25 years minimum.
Not according to CNN:
""SBF may serve as little as 12.5 years, if he gets all of the jailhouse credit available to him," Mitchell Epner, a former federal prosecutor, told CNN.
Since 2018, however, nonviolent federal inmates can reduce their sentence by as much as 50% under prison reform legislation known as the First Step Act."
edition.cnn.com/business/live-news/sam-bankman-fried-sentencing-03-28-24/h_538da92aa954d1035036db11ba53b4a8
The last 7.5 years will probably be at home detention
How much you want to bet that he is let out within fifteen for ‘good behavior’, ‘demonstrated an earnest commitment to changing his ways’ and the other reasons listed as to why wealthy people don’t spend long in prison.
Far as I heard, reduction can only ever go down to 21
Hua, that’s seems surprising little for a non violent offender not involved in drugs.
he’ll likely get low security and probably not horribly far from his parents’ house
edit: judge has asked for medium security and as close to his parents’ house as possible.
.
Sure, I’d rather Sam spent the rest of his life making up to his victims through public service works.
His poor billionaire victims
Were there not a fair pile of ‘mom and pop’ / young idiot ‘investors’ who got on the hype train and put in thousands or tens of thousands?
That was probably the large majority. Anybody who knew what they were doing didn’t leave their money on FTX.
the fall of FTX took out large swathes of the remaining crypto economy, especially in Africa. Everyone just used FTX as a shitty bank.
but then, if they knew what they were doing, they wouldn’t have gone near crypto
Well yeah, you’re right, it was more than just an exchange failing
you know, this is a pretty good point (and I think the rest of my thoughts align with what david’s mentioned elsewhere in some of the threads)
But be 25 years behind all the other scammers in the meantime at least
none of the scams are new, he’ll adapt
If the prosecution don’t appeal this, you can know the fix is in.
Madoff got like 150 years.
i think they’ll go “fine, whatever. which crook is next”
(that would be CZ)
He has at least stashed hundreds of bitcoins and get out multi billionare. So in 25 yrs he will rug bull the crypto market in revenage
This 25 year portion is going to be really easy to simulate!
From the defense lawyer’s statement (after Molly White) :
Those are aggravating circumstances. If I’m the judge that’s +10yrs just for “he speaks in EV calculations”.