Bankman-Fried’s sentencing hearing is scheduled for March 28, during which Judge Lewis A. Kaplan will decide his fate. He faces a maximum possible penalty of 110 years.
@Nonilex How much of that sentence is for his own part in the massive systemic criminal enterprise, and how much is taking the fall for all the others who enabled and encouraged him, without actually crossing the line all the way?
@Nonilex
Something like what happened to Bernie Madoff, although Bankman-Fried should be able to serve for a much longer period than Madoff did. Amazing for a white collar crime.
“Justice requires that he receive a prison sentence commensurate with the extraordinary dimensions of his #crimes,” the prosecutors said in a 116-page sentencing memo to the judge.
In a separate filing last month, lawyers for Bankman-Fried, 32, argued that he should receive a sentence of no more than six and a half years.
The extent of fraud committed by SBF should demand at least the penalty proposed by the prosecutors. Besides that, there are two factors at play: on one hand they need to make an example out of him, on the other hand he did give hundreds of millions (!!!) in donations to Democrats and Republicans which means there for sure is some political pressure for a reduced sentence. My bet is he gets a big sentence, but gets pardoned in a few years when things cool down.