AFAIK that means he needs to serve at min 85% of that time so just under 19 years if he's a good boy. Judge was quite scathing about him calling him out for his lies and evasive behavior in the trial but SBF is very fortunate he wasn't given what the Probation Department or Government recommended:
SBF former FTX CEO sentenced to 25 years in prison!
- Thread starter dowie
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Who?
Soldato
Honestly thought he would have got a lot, lot longer than that.
Deserves the full sentence. I read as well the judge was calling him out on the lack of remorse for losing a lot of money for a lot of investors. The testimony from his ex did not paint a good picture of him either.
Hopefully Do Kwon gets served up next in the US and faces a similar sentence.
Hopefully Do Kwon gets served up next in the US and faces a similar sentence.
SBF, the former FTX CEO.
Yup, I did wonder too.
Probation department 105 year recommendation, prosecutors 40-50 years... judge proceeds to blast him for a while, calling out his lies, rules he committed perjury a bunch of times and dismissing his appeals for leniency... then dishes out 25 years.
My first question would be is how can one man who is not even connected to some Mafia or otherwise trained or guided by high level criminals do all that.
Surely there is something seriously wrong with the system if he could do everything he is accused of.
Surely there is something seriously wrong with the system if he could do everything he is accused of.
Caporegime
He is without doubt an extremely intelligent man. It’s very saddening when a human brain such as his is wasted in this awful way. He could have contributed hugely to humanity, instead he’s destroyed people lives and is going to rot behind bars.
Soldato
Judge has likely made the sentence appeal proof. There is no early parole on federal sentences so he'll serve every day of the 25 years. He'll be 67 when he gets out.
Well I'm sure Elon will be along soon to tell us how he got this one wrong
Well I'm sure Elon will be along soon to tell us how he got this one wrong
Don't worry, his resident mouthpiece will be along shortly to tell us Elon was totally correct all along and was just trolling everyone.
Don
I know his lawyers were arguing there was no violence associated with this crime so he should only get 4-5 years.
That skims over that people undoubtedly ended up killing themselves over losing their life savings and homes as a consequence of all this.
I have a little bit of sympathy for him though, as I think the women involved who’s name I can’t remember looked to be majorly responsible on the sister company side of it and will likely get a much reduced sentence compared to SBF.
That skims over that people undoubtedly ended up killing themselves over losing their life savings and homes as a consequence of all this.
I have a little bit of sympathy for him though, as I think the women involved who’s name I can’t remember looked to be majorly responsible on the sister company side of it and will likely get a much reduced sentence compared to SBF.
Caroline Ellison? She flipped on him and took a plea deal, no? So that's why I'd expect it to be a lot lower.
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Soldato
Something quite unsavoury about being able to do that, but it seems to be how the system works.
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He should be thanking his lucky stars, he'll be able to retire and die a free man. The US usually comes down way harder on such crimes, could've had it way worse. Wonder what his prison conditions will be like though.
Ronnie Pickering!
Caporegime
my wife literally just told me "like i was interested" or even knew who he was
That's not correct AFAIK.
Soldato
25 years seems reasonable to me considering what some people get for violent crimes. This guy no doubt ruined many lives and deserves to serve every day of that 25 years.
Soldato
United States Parole Commission
You can apply for early release* after a 1/3 of your sentence but its not automatic like many states and he'll likely serve every day.
edit: to change "parole" for "early release"
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