this post was submitted on 28 Mar 2024
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Buttcoin

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[–] SuckMyWang@lemmy.world 18 points 8 months 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 8 months 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 8 months 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 8 months ago

The last 7.5 years will probably be at home detention

[–] kasperd@westergaard.social 2 points 8 months ago

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