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[-] db0@lemmy.dbzer0.com 29 points 7 months ago

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

[-] SuckMyWang@lemmy.world 18 points 7 months ago

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 7 months ago

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 7 months ago

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 7 months ago

The last 7.5 years will probably be at home detention

[-] kasperd@westergaard.social 2 points 7 months 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 7 months ago

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

[-] dgerard@awful.systems 3 points 7 months ago

none of the scams are new, he'll adapt

[-] sonori@beehaw.org 5 points 7 months ago

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 7 months ago

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

[-] sonori@beehaw.org 4 points 7 months ago

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

[-] dgerard@awful.systems 8 points 7 months ago* (last edited 7 months 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.

this post was submitted on 28 Mar 2024
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