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Sam Bankman-Fried sentenced to 25 years in prison for orchestrating FTX fraud

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Minuteman
  • Sep 17, 2022
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    Connecticut
    The charges included wire fraud and conspiracy to commit wire fraud against FTX customers and against lenders to sister hedge fund Alameda Research; conspiracy to commit securities fraud and conspiracy to commit commodities fraud against FTX investors; and conspiracy to commit money laundering

     
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    Reactions: MarshallDodge
    There isn't Federal parole anymore, but there is sentence reduction for good behavior. 25 year sentence would mean a release after a little more than 21 years served. I don't know how much time he has been held so far, but he'll be around 52-53 years old when released. Plenty of time left to enjoy all the money that he squirreled away.
     
    Let’s be real…the little putz will most likely end up in a Fed “correctional” country club facility like Elgin. I don’t think he’s going to a place like Marion or Lompoc.
     
    Scam Bankman Fried didn't hang himself.

    He won't have time to be Killaried, the inmates will get him first.
    The OGs on the inside don't like people like him........alot.