V0ldek,

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”.

AcausalRobotGod,

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

answersplease77,

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

doublejay1999,
@doublejay1999@lemmy.world avatar

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

Madoff got like 150 years.

dgerard,
@dgerard@awful.systems avatar

i think they’ll go “fine, whatever. which crook is next”

(that would be CZ)

db0,
@db0@lemmy.dbzer0.com avatar

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

gnomicutterance,
@gnomicutterance@hachyderm.io avatar

deleted_by_author

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  • db0,
    @db0@lemmy.dbzer0.com avatar

    Sure, I’d rather Sam spent the rest of his life making up to his victims through public service works.

    BruceTwarzen,

    His poor billionaire victims

    SomeoneSomewhere,

    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,

    That was probably the large majority. Anybody who knew what they were doing didn’t leave their money on FTX.

    dgerard,
    @dgerard@awful.systems avatar

    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,

    Well yeah, you’re right, it was more than just an exchange failing

    froztbyte,

    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,

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

    dgerard,
    @dgerard@awful.systems avatar

    none of the scams are new, he’ll adapt

    SuckMyWang,

    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,
    Entropywins avatar

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

    michael,
    @michael@westergaard.social avatar

    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

    kasperd,
    @kasperd@westergaard.social avatar

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

    SuckMyWang,

    The last 7.5 years will probably be at home detention

    sonori,
    @sonori@beehaw.org avatar

    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,
    @db0@lemmy.dbzer0.com avatar

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

    sonori,
    @sonori@beehaw.org avatar

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

    dgerard,
    @dgerard@awful.systems avatar

    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.

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