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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    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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    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.