molly0xfff,
@molly0xfff@hachyderm.io avatar

Sam Bankman-Fried has just been sentenced to 25 years in prison.

otownKim,
@otownKim@toot.community avatar
MisterMoo,
@MisterMoo@mastodon.online avatar

@molly0xfff FTX implodes in 11/2022 and Bankman-Fried is sentenced 16 months later. Trump incites an insurrection in 1/2021 and 3+ years later jury selection is nowhere in sight.

codebyjeff,
@codebyjeff@hachyderm.io avatar

@molly0xfff I don't understand.

Didn't he ask for only 5?

billyjoebowers,
@billyjoebowers@mastodon.online avatar

@molly0xfff

Wow, 25 years.
The lesson here is don't steal from rich people.

maddad,
@maddad@mastodon.world avatar

@molly0xfff

YAY 🥳 🥳 🎉 🎊 🥳 🥳 🎉 🎊

Jonly,
@Jonly@mastodon.social avatar

@molly0xfff huh thought he was already sentenced for over 100years
Probably just the up to

molly0xfff,
@molly0xfff@hachyderm.io avatar

@Jonly 100 years was the sentence calculated in the pre-sentence report. maximum sentence for this offense was 110 years.

DaniEhm,
@DaniEhm@mas.to avatar

@molly0xfff Hmm, well Madoff was sentenced to 150 years in prison and SBF only gets 25 years.

molly0xfff,
@molly0xfff@hachyderm.io avatar

@DaniEhm madoff's sentence was also largely symbolic, as he was 71

molly0xfff,
@molly0xfff@hachyderm.io avatar

He has already been preparing his appeal, though I doubt very much he will have any success with it.

penguingeek,
@penguingeek@mastodon.social avatar

@molly0xfff If I'm not mistaken, the incident was limited only to FTX in America. In some countries, the money was returned to its owners. Sounds a bit 'interesting' to me.

molly0xfff,
@molly0xfff@hachyderm.io avatar

@penguingeek you are mistaken. most victims in most countries have not received money back.

molly0xfff,
@molly0xfff@hachyderm.io avatar

He has also been ordered to pay the $11 billion monetary judgment requested by the prosecution. This is on top of assets already seized by the government.

lazzarello,
@lazzarello@teamnerds.cool avatar

@molly0xfff Not bad. Is he the first imprisoned criminal who is part of the TESCREAL bundle?

vitriolix,
@vitriolix@mastodon.social avatar

@lazzarello @molly0xfff I think you mean TESCARCERAL

noondlyt,
@noondlyt@mastodon.social avatar

@molly0xfff This is the real sentence. He won't serve 25 years but he will be financially crippled for the rest of his life.

fazalmajid,
@fazalmajid@vivaldi.net avatar

@molly0xfff What about his co-conspirator parents?

molly0xfff,
@molly0xfff@hachyderm.io avatar

@fazalmajid they have not been charged

mistersql,
@mistersql@mastodon.social avatar

@molly0xfff My googling isn't turning up how much of that he can be expected to serve.

molly0xfff,
@molly0xfff@hachyderm.io avatar

@mistersql as i understand it, federal inmates have to serve 85% of their sentences, which in this case is 21.25 years

Jer,
@Jer@chirp.enworld.org avatar

@molly0xfff @mistersql I believe that 85% number isn't quite as true anymore. This CNN article says that nonviolent inmates can reduce their terms by 50% rather than 15%. And since white collar crimes are defined as non-violent despite the deaths they might cause, he could be out in 12.5 years.

https://edition.cnn.com/2024/03/28/business/ftx-sam-bankman-fried-sentencing/index.html

molly0xfff,
@molly0xfff@hachyderm.io avatar

@Jer @mistersql i think he would still serve much of the sentence under home confinement under the First Step Act, though I'm not an expert. Not that home confinement has historically slowed him down much...

CatherineFlick,
@CatherineFlick@mastodon.me.uk avatar

@molly0xfff well that's a few more than 8 months or whatever it was he was looking for. I won't say "Good" because the prison system is awful but I hope it will give him time to think about what he's done.

Bobsee,
@Bobsee@hachyderm.io avatar

@molly0xfff I’m surprised. As a rich white male in the USA (well, from a wealthy family anyway) I would have thought he would have gotten a lot less.

  • All
  • Subscribed
  • Moderated
  • Favorites
  • random
  • DreamBathrooms
  • magazineikmin
  • GTA5RPClips
  • everett
  • osvaldo12
  • rosin
  • Youngstown
  • slotface
  • ngwrru68w68
  • mdbf
  • thenastyranch
  • kavyap
  • InstantRegret
  • PowerRangers
  • anitta
  • hgfsjryuu7
  • cisconetworking
  • modclub
  • vwfavf
  • khanakhh
  • cubers
  • tacticalgear
  • Durango
  • tester
  • ethstaker
  • normalnudes
  • Leos
  • provamag3
  • All magazines