SBF former FTX CEO sentenced to 25 years in prison!

[dowie]

United States Parole Commission

www.justice.gov

You can apply for parole after a 1/3 of your sentence but its not automatic like many states and he'll likely serve every day.

Nope, that's not correct. You're forgetting about good behaviour; you can get 15% knocked off ergo he might only serve 85% as I already positioned out in the OP.

 

[Semple]

Something quite unsavoury about being able to do that, but it seems to be how the system works.

Yes and no, he could have come clean earlier on and got a plea deal that way. I suspect his defence would have told him not to and took a gamble on her not flipping on him.

Ultimately though he was the one in charge and had his name signed to everything, so it's only right he gets the harshest penalties from those involved.

 

[Raymond Lin]

He’ll probably be out in less than half that.

 

[plasmahal]

Who?

SBF = Simon Barker Farquhar, Edge lord of memes, 2nd viscount of bitcoin, 3rd earl of non-fungible tokens.

 

[Colonel_Klinck]

He’ll probably be out in less than half that.

Not a chance. He'll serve every day of that sentence. No way he gets early release when the sentence was so lenient.

 

[Minusorange]

Not a chance. He'll serve every day of that sentence. No way he gets early release when the sentence was so lenient.

At least 85% of sentence for federal

 

[dowie]

At least 85% of sentence for federal

That's been pointed out a couple of times, but for some reason, the Colonel has decided that prison sentence = serving every single day when that often doesn't really happen because of time knocked off for good behavior etc.

 

[Spacedeck]

No clue on who this guy is, never followed bitcoin. So, this guy was worth billions? Has all his wealth now gone or will he have enough to live comfortably once released?

 

[danoliver1]

Ronnie Pickering!

Who's that then?

 

[Colonel_Klinck]

That's been pointed out a couple of times, but for some reason, the Colonel has decided that prison sentence = serving every single day when that often doesn't really happen because of time knocked off for good behavior etc.

its no automatic and from listening to actual lawyers and former prosecutors I think he'll serve every day of it.

 

[dowie]

its no automatic and from listening to actual lawyers and former prosecutors I think he'll serve every day of it.

Again, as already pointed out a few times now (including in the OP) that's incorrect. Unless you misbehave then it's 85%

Federal Charges | Sentencing and Punishment | Federal Criminal Law

Facing Federal Charges in California? Call our Federal Attorney experienced in Federal Criminal Law.

www.wklaw.com

In federal court you will have to serve 85% of your sentence if convicted of federal charges. Thus, if you are sentenced to 10 years in prison, you will actually serve 8.5 years in prison.

That's the result of The Violent Crime Control and Law Enforcement Act of 1994.

This is further clarified by:

https://www.congress.gov/bill/115th-congress/senate-bill/756

The standard is 54 days per year knocked off if the prisoner doesn't misbehave or basically 15%

If you're going to carry on disagreeing with that then cite your source, lack of parole doesn't negate the reduction for good behavior... so what's the basis for your claim that he'd serve every day of it when the relevant legislation clearly says otherwise and sets out an automatic reduction so long as he behaves?