Sam Bankman Fried will find out tomorrow how long he'll be in jail SBF's team is arguing for 5-6 years in jail because they say FTX customers will get money back Prosecutors are requesting for SBF to spend 40-50 years in prison for his crimes - CNBC
@StockMKTNewz I think they should make a deal similar to Frank Abagnale “Catch me if you can”. He has to work with the government to expose anyone trying to commit similar crimes, and also work toward fair regulation. If he does not comply then max sentence.
@StockMKTNewz It will be 25-30 years. A mix of both sides pledged deal.
@StockMKTNewz I‘m guessing 25 years.
@StockMKTNewz If it's a low amount you know it's because he bribed the right politicians.
I really don’t get it; Was he smart from the beginning, or how did he end up with billions through FTX? I watched a documentary, and the guy doesn't even have a real team or employees. He has three or four, and they're not even professional. How have they been promoting this company from the beginning, and how did he gain people's trust?
According to the latest information, Sam Bankman-Fried will be sentenced on March 27, 2024. His legal team is pushing for a shorter sentence of 5-6 years, claiming that FTX customers will be able to recover their funds. However, prosecutors are seeking a much longer sentence of 40-50 years for the crimes he committed. The final decision will be made by the presiding judge, who will consider all factors and arguments presented by both sides.