Sam Bankman-Fried's Likely to Get Out of Jail Early

  • 📰 Newsweek
  • ⏱ Reading Time:
  • 17 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 52%

United States Headlines News

United States Latest News,United States Headlines

Legal pathways may reduce Bankman-Fried's 25-year sentence that could see him free by 2036, experts tell Newsweek.

Despite the hefty 25-year sentence handed to Sam Bankman-Fried, legal nuances and the U.S. federal correctional system's policies might offer pathways to a reduced term behind bars.Bankman-Fried's sentencing on Thursday by the U.S. District Court for the Southern District of New York follows his conviction on charges including fraud, conspiracy, and money laundering, drawing a close to a saga marked by high-stakes risk-taking and financial mismanagement.

'Bankman-Fried's sentence fulfills both roles. It is a harsh punishment for him and deterrence for others.''In the post-Madoff, and now post-Bankman-Fried landscape, such individuals should not allow greed and recklessness to influence their actions if they want to stay out of prison,' she said.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 468. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Sam Bankman-Fried asks for lenient sentence, points to FTX fund recoveryFTX founder Sam Bankman-Fried's lawyer on Tuesday requested that a judge give a lenient sentence, arguing that FTX's clients would have most of their funds returned.
Source: FoxBusiness - 🏆 458. / 53 Read more »

Prosecutors Ask Judge to Sentence FTX Founder Sam Bankman-Fried to 40-50 YearsAttorneys for Bankman-Fried, meanwhile, say he should get no more than six-and-a-half years behind bars for stealing $8 billion from his customers.
Source: thedailybeast - 🏆 307. / 63 Read more »

Sam Bankman-Fried should serve at least 40 years behind bars, prosecutors sayDavid K. Li is a senior breaking news reporter for NBC News Digital.
Source: NBCNewsHealth - 🏆 707. / 51 Read more »

Sam Bankman-Fried Floated 'Coming Out' as a Republican on Tucker Carlson After FTX CollapseSBF's brainstorming notes included lines like 'Come out against the woke agenda.'
Source: Gizmodo - 🏆 556. / 51 Read more »

The 6 Reasons Prosecutors Want Sam Bankman-Fried to Spend 40-50 Years in Prison'The pressure and hopelessness of our predicament led me to entertain thoughts of suicide,' one FTX user wrote.
Source: Gizmodo - 🏆 556. / 51 Read more »

Prosecutors recommend a 40- to 50-year sentence for Sam Bankman-Fried.The former crypto billionaire was found guilty on all seven charges he faced in November, and the judge is scheduled to deliver a sentence on March 28th.
Source: verge - 🏆 94. / 67 Read more »