SAM BANKMAN-FRIED GETS 25 YEAR SENTENCE TODAY Enough?

[philipma1957]

I voted for yes, it's not that I'm a pro SBF, no I'm not. But if you look at the justice system of the US, usually they handed like 20 years prison sentence. So this is just about as normal as what the judge can give to SBF.

I'm not familiar with U.S. laws, but do you mind share article or news which state about usually handling 20 years sentence? After all, we've seen more serious sentence like this, Sholam Weiss appeals 845-year sentence for life insurance plot where both him and SBF was involved on billions of USD.

Yes, he is still young when he got out of prison, but who knows, I mean there's a lot of things that is going to change in that time frame and maybe we will forget all about this guy in the future.

And if people in the future still doesn't bother perform research, he probably will scam them again.

Bernie Madoff got a long sentence over 100 years.  But in his case the money was gone and or lost.

In this case I have read a lot about the funds.

of 9 billion 7 billion was recovered. Some what sure the so called lost money is 1-2 billion.

This likely lowered his sentence as compared to Madoff. I also think maybe they believe that some of that missing 1-2 billion may be recoverable. If more shows up he will likely get less than 20 years maybe 10 .

[robelneo]

Bernie Madoff got a long sentence over 100 years.  But in his case the money was gone and or lost.

In this case I have read a lot about the funds.

of 9 billion 7 billion was recovered. Some what sure the so called lost money is 1-2 billion.

This likely lowered his sentence as compared to Madoff. I also think maybe they believe that some of that missing 1-2 billion may be recoverable. If more shows up he will likely get less than 20 years maybe 10 .

Just imagine if his lawyers can bargain that 1 to 2 billion in exchange for a shorter jail term and he has $500 million or more kept somewhere he will still enjoy a good life, he doesn't care about reputation as long as he can buy an island and live a life of luxury.

Worse is people will be inspired by his story of trying to scam people and negotiate a jail term if caught and enjoy a life of luxury after you get released.

[Ambatman]

25 years in prison is not a short period of time. I think it is enough for him, even if he is young. It will certainly be a very long time for him, and most importantly, it will be a deterrent to bad people who are thinking of defrauding people and stealing their money.

That's if no assistance would be given. I believe it's sentence would come with some leeway in prison. Seen those in lots of movies and saying it would stop others? I wish Bernie case of 150 years imprisonment wasn't even a deterrent so how would 25years stop others.

he didn't murder anyone, yes what he did was illegal and yes what he did hurt anyone,

Directly but caused the deaths and mental breakdown of many individuals. So I don't think the issue of fraud should be treated lightly. It can lead to suicides even The movie The Beekeeper gave evidence on that.

This likely lowered his sentence as compared to Madoff. I also think maybe they believe that some of that missing 1-2 billion may be recoverable. If more shows up he will likely get less than 20 years maybe 10

Exactly. I'm thinking the sentence is for all this to blow away and people start speaking less of it.  Then they start giving reasons why it's term would be cut short like good behavior or even cooperating with the force to recover some of the money.

https://www.nytimes.com/2024/03/28/technology/sam-bankman-fried-white-collar-sentences.html as can be seen in this link. The lawyer related Sam's case with the case of Michael who was supposed to serve 10 years but did 2 because of cooperation. So we can tell that the likelihood of him staying more than 10 years in prison is low except maybe someone who couldn't stand him choose to Off him.
The sentence is not really 25 years perse but around 21.25 years since he would be given 15% Jail term reduction for  receiving a sentence more than one year's

[philipma1957]

Yeah he still has some bargaining power if he has more funds stashed. Madoff lost the funds. My guess is SBF will be free in under 10 years.  Maybe I can start a new thread 🤔  poll on when will SBF be released from prison.

[yhiaali3]

Maybe I can start a new thread 🤔  poll on when will SBF be released from prison.

Good idea, I also think he probably won't stay in prison for more than 10 years.

I don't have much experience with American law and I don't know how much possible prison sentence reduction SBF can get, but I am sure of one thing that his parents will not let their spoiled boy serve the entire sentence in prison and will pay any money to get him out before the term is up.

In all countries there are always back doors to manipulate the law by the lawmen themselves .

[Report]

I picked no. I wanted 50 years for him  He is very young. In 25 years he will be in his 50s. There is over 1 billion missing. So he will score down the road.

It should be more than 25 years because now if he is 25 years old, of course it will be 50 years when he gets out of prison.
As far as I know, 50 year olds are still capable enough to earn money again with the skills of SAM BANKMAN-FRIED or maybe anti 50 year olds after leaving prison create another system that deceives many people.

The losses reached billions of USD for everyone, huge funds stolen by SAM BANKMAN-FRIED from everyone.
The prison should be above 40 years because the calculation is like this = 25 years + 40 years = 65 years, if a person over 65 years old is old enough, then that is the right sentence for SAM BANKMAN-FRIED. IMO

[Kemarit]

I voted for yes, it's not that I'm a pro SBF, no I'm not. But if you look at the justice system of the US, usually they handed like 20 years prison sentence. So this is just about as normal as what the judge can give to SBF.

I'm not familiar with U.S. laws, but do you mind share article or news which state about usually handling 20 years sentence? After all, we've seen more serious sentence like this, Sholam Weiss appeals 845-year sentence for life insurance plot where both him and SBF was involved on billions of USD.

Yes, he is still young when he got out of prison, but who knows, I mean there's a lot of things that is going to change in that time frame and maybe we will forget all about this guy in the future.

And if people in the future still doesn't bother perform research, he probably will scam them again.

I'm basing it all on what I read on the other forum mate, we have a legal board there. And when I visited it, usually those who posted the crimes and sentence are around 20 years even if the subject has been tried in absentia.

Well people change, could be for the worst or better. So hard to see what SBF will come up once he goes out in jail. Maybe he will involved himself in crypto again and find another way to scam.

[ABCbits]

--snip--

Bernie Madoff got a long sentence over 100 years.  But in his case the money was gone and or lost.

In this case I have read a lot about the funds.

of 9 billion 7 billion was recovered. Some what sure the so called lost money is 1-2 billion.

This likely lowered his sentence as compared to Madoff. I also think maybe they believe that some of that missing 1-2 billion may be recoverable. If more shows up he will likely get less than 20 years maybe 10 .

That makes sense, but one of the news state that SBF doesn't offer cooperation to recover victim's money either. So i still find 25 years jail time on light side.

[Zed0X]

I think the judge was lenient on him but I am not really in a position to comment about it. Maybe the real victims could share their sentiment but I haven't read any article that covers that story. What I've read so far are disappointed crypto enthusiasts pointing out that someone got a double life sentence.

[taufik123]

25 years later he will become a rich man with abundant assets.
Especially if he gets a gratuity, a reduction in prison time for good behavior, for example.

25 years is light enough for a con artist like SBF, he built his wealth can from prison with the people he entrusted.
Even the people in prison will be his partners later.
We look forward to the next 25 years or less, LOL.

[gunhell16]

I picked no. I wanted 50 years for him  He is very young. In 25 years he will be in his 50s. There is over 1 billion missing. So he will score down the road.

When you plant really bad things, you will not only be able to reap good things, but you will also reap really bad things. Now, it seems that what is happening in Sbf's life is like all the money he got or took that was not his; all or most of it will go to the ordeal he is going through now.

He will probably use all his money, power, and connections just to reduce the court's sentence against him. If only he had returned the money he took, I wish he would have been given a short prison sentence, but that was not the case, and he was stubborn and insisted that he did nothing when the evidence against him was strong.

[Rruchi man]

I chose yes. I believe that 25 years of imprisonment is sufficient punishment for the mistakes he committed that caused people to lose millions of dollars.

It is not just about the punishment, but is 25years enough for him to learn his lessons and decide to change, never to be involved in any criminal activity after his release?

The important thing is that he serves this sentence in a real prison and not in an entertainment prison.

Him and his lawyers used the health claim of him being vulnerable in prison due to him being autistic to drag his sentencing down to 25years, so I am not so sure he will be in a real/general prison. He will be closely monitored.

[Stompix]

of 9 billion 7 billion was recovered. Some what sure the so called lost money is 1-2 billion.
This likely lowered his sentence as compared to Madoff. I also think maybe they believe that some of that missing 1-2 billion may be recoverable. If more shows up he will likely get less than 20 years maybe 10 .

I don't understand why everyone is focused on the 2 billion like they were stashed away!
If SBF would have had those 2 billion FTX wouldn't have gone down in the first place!

Also, why is everyone ignoring the second ruling in the case:

It is further adjudged that he forfeit to the United States the sum of $11,020,000,000, including the specific property identified in the Preliminary Order of Forfeiture that I am signing today, all on the terms and conditions there set forth.

Experts say this amount will likely financially incapacitate him for the rest of his life.
“This forfeiture is designed to make certain that if SBF ever makes money, it goes not to him but to the government and the victims,” Mitchell Epner, a former federal prosecutor, told CNN. “He will never be able to accumulate funds in his life, and forfeiture cannot be eliminated through bankruptcy.”

He has 11 billion attached to him for the rest of his life! Unless he has 4 billion on top of the ones recovered by the trustee in FTX there is no way he will ever!!!! be able to erase that debt, will he try to buy another mansion with the money people think he stashed away the USM will seize that in a matter of days.

 

[ScamViruS]

I chose yes. I believe that 25 years of imprisonment is sufficient punishment for the mistakes he committed that caused people to lose millions of dollars.

It is not just about the punishment, but is 25years enough for him to learn his lessons and decide to change, never to be involved in any criminal activity after his release?

There is no guarantee that he will not engage in any new criminal activity in the same manner when he is released from 25 years in prison. What he has done has affected the entire crypto market, directly and indirectly he has caused huge financial losses to many people. Even if a criminal like him gets out after 25 years in prison, I will not believe him, I always think he will come out with a more serious plan.

[philipma1957]

I chose yes. I believe that 25 years of imprisonment is sufficient punishment for the mistakes he committed that caused people to lose millions of dollars.

It is not just about the punishment, but is 25years enough for him to learn his lessons and decide to change, never to be involved in any criminal activity after his release?

There is no guarantee that he will not engage in any new criminal activity in the same manner when he is released from 25 years in prison. What he has done has affected the entire crypto market, directly and indirectly he has caused huge financial losses to many people. Even if a criminal like him gets out after 25 years in prison, I will not believe him, I always think he will come out with a more serious plan.

I am sure he has an angle he is working on as I type this reply to you. I wanted a 50 year sentence with him serving 35 or more year. too bad it did not happen.