this post was submitted on 28 Mar 2024
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[–] db0@lemmy.dbzer0.com 29 points 1 year ago (4 children)

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

[–] SuckMyWang@lemmy.world 18 points 1 year 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

[–] Entropywins@kbin.social 6 points 1 year ago (1 children)

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

[–] michael@westergaard.social 9 points 1 year 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

[–] SuckMyWang@lemmy.world 3 points 1 year ago

The last 7.5 years will probably be at home detention

[–] kasperd@westergaard.social 2 points 1 year ago

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

[–] thechadwick@lemmy.world 7 points 1 year ago (1 children)

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

[–] dgerard@awful.systems 3 points 1 year ago

none of the scams are new, he'll adapt

[–] sonori@beehaw.org 5 points 1 year ago (1 children)

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 5 points 1 year ago (1 children)

Far as I heard, reduction can only ever go down to 21

[–] sonori@beehaw.org 4 points 1 year ago (1 children)

Hua, that’s seems surprising little for a non violent offender not involved in drugs.

[–] dgerard@awful.systems 8 points 1 year ago* (last edited 1 year ago)

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.

[–] AcausalRobotGod@awful.systems 15 points 1 year ago

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

[–] V0ldek@awful.systems 9 points 1 year 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".

[–] doublejay1999@lemmy.world 6 points 1 year ago (1 children)

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

Madoff got like 150 years.

[–] dgerard@awful.systems 7 points 1 year ago

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

(that would be CZ)

[–] answersplease77@lemmy.world -2 points 1 year 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