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Sam Bankman-Fried sentenced to 25 years in prison

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Re: Sam Bankman-Fried sentenced to 25 years in prison

#23

A year ago, HN didnt think he was going to jail: https://news.ycombinator.com/item?id=33908850

Yes, I was one of those doubters.

I had my doubts, but I'm glad to see they were unfounded. He's getting what he deserves.

Re: Sam Bankman-Fried sentenced to 25 years in prison

#24
post #2

Seems low for what prosecutors consider "one of the biggest financial frauds in U.S. history." https://www.reuters.com/technology/sam-bankman-fried-be-sent...

If someone isn't a violent threat to society, there isn't much social benefit to keeping folks locked up longer then 20-ish years. 20-25 (assuming he gets the 15% off for good behavior the feds allow) is plenty.

Re: Sam Bankman-Fried sentenced to 25 years in prison

#25

A year ago, HN didnt think he was going to jail: https://news.ycombinator.com/item?id=33908850

One person was cynical. Everyone else chimed in to correct that person: SBF was "new money" which carries no social status to protect against jail time.

Re: Sam Bankman-Fried sentenced to 25 years in prison

#29
post #16

He will have to serve 21 years before early release. There is no parole in federal prison. I heard 5 years are concurrent making it 20 actual years. If that’s the case he can get out in 17 years. He wasted a good part of his life.

I don't get it, what's the difference between parole and early release? Also how do you get to 21 and 17 from 25 and 20?

Re: Sam Bankman-Fried sentenced to 25 years in prison

#30
post #2

Seems low for what prosecutors consider "one of the biggest financial frauds in U.S. history." https://www.reuters.com/technology/sam-bankman-fried-be-sent...

25 years is a long time. Not saying he doesn't deserve more but his parents will probably be dead by the time he gets out, and he wont have a family. Also, he was addicted to the internet (supposedly), he wont have access to that either.

It seems unlikely he will serve that full time though I don’t know the specific parole eligibility constraints for these charges.
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