1y ago

Sam Bankman-Fried sentenced to 25 years in prison

www.web3isgoinggreat.com Sam Bankman-Fried sentenced to 25 years in prison

Sixteen months after the collapse of his FTX cryptocurrency exchange, Sam Bankman-Fried has been sentenced to 25 years in prison. He has also been ordered to pay an $11 billion monetary judgment.The sentence follows his conviction on all seven felony charges in November 2022 — a decision reache...

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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.
- But be 25 years behind all the other scammers in the meantime at least
  
  none of the scams are new, he'll adapt
- 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

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

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".

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

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