this post was submitted on 28 Mar 2024
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Buttcoin

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[–] [email protected] 28 points 9 months ago (3 children)

Boo, I was hoping for 40. He'll get out early enough to scam more.

[–] [email protected] 18 points 9 months ago (1 children)

This is probably to satisfy the public. He’ll probably get closer from 5-10 and the rest will be watered down on appeals

[–] [email protected] 6 points 8 months ago (1 children)

He is going to federal prison, which means he needs to serve 85% of his sentence or 21.25 years minimum.

[–] [email protected] 9 points 8 months ago (2 children)

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

[–] [email protected] 3 points 8 months ago

The last 7.5 years will probably be at home detention

[–] [email protected] 2 points 8 months ago

Meanwhile the people he stole from are unlikely to ever see any of their money again let alone half of it.

[–] [email protected] 7 points 8 months ago (1 children)

But be 25 years behind all the other scammers in the meantime at least

[–] [email protected] 3 points 8 months ago

none of the scams are new, he'll adapt

[–] [email protected] 14 points 8 months ago

This 25 year portion is going to be really easy to simulate!

[–] [email protected] 9 points 8 months ago

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".

[–] [email protected] 6 points 9 months ago (1 children)

If the prosecution don’t appeal this, you can know the fix is in.

Madoff got like 150 years.

[–] [email protected] 7 points 8 months ago

i think they'll go "fine, whatever. which crook is next"

(that would be CZ)

[–] [email protected] -2 points 9 months ago

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