SBF’s Sentence REVEALED, Early Release Likely?
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March 28, 2024 11:17 pm
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Sam Bankman-Fried was recently sentenced by the courts, but was justice truly served?
The former CEO of FTX was given 25 years behind bars—a far cry from the maximum 40-year sentence he could have served.
However, at least one legal expert claimed that it is unlikely that the disgraced CEO will even serve that amount of time.
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Meta Law Man provided more analysis of the situation and claimed that the next steps in SBF’s ongoing saga are:
“Next steps. 1. SBF will appeal the conviction & sentence. 2. The Effective Altruism crowd will begin a lobbying effort to Biden Admin to pardon or commute the sentence.
3. Federal convicts can expect to serve 85% of their sentence.”
SBF has been sentenced to 25 years in penitentiary.
Next steps.
1. SBF will appeal the conviction & sentence.
2. Effective Altruism crowd will begin a lobbying effort to Biden Admin to pardon or commute the sentence.
3. Federal convicts can expect to serve 85% of sentence. https://t.co/2wlcVmL7sQ— MetaLawMan (@MetaLawMan) March 28, 2024
SBF stole billions of customers money, lied in court, and only got a 25 year sentence.
Ross Ulbricht created a website and is still serving 2 life sentences in prison.
Injustice at its finest. pic.twitter.com/8t6NHLpJyA
— Bitcoin Magazine (@BitcoinMagazine) March 28, 2024
CNBC confirmed Fried’s sentence and the hefty sum of $11 billion he must forfeit to the U.S. government:
FTX founder Sam Bankman-Fried was sentenced to 25 years in prison on Thursday for the massive fraud and conspiracy that doomed his cryptocurrency exchange and a related hedge fund, Alameda Research.
Coin Telegraph revealed this related news: “SBF-related memecoins charted a massive rise and fall on Thursday as the fallen “crypto king” was handed 25 years in prison.”
SBF-related memecoins charted a massive rise and fall on Thursday as the fallen “crypto king” was handed 25 years in prison.https://t.co/GJA1ioMWHn
— Cointelegraph (@Cointelegraph) March 29, 2024
Do you think Sam FTX getting 25 years in prison was a fair sentence?
Guy stole about $8 billion. #SBF pic.twitter.com/C70RWcqO05
— Duo Nine ⚡ YCC (@DU09BTC) March 29, 2024
Reuters provided this statement from Judge Lewis Kaplan:
“He knew it was wrong,” Kaplan said. “He knew it was criminal. He regrets that he made a very bad bet about the likelihood of getting caught. But he is not going to admit a thing, as is his right.”
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