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SBF is 32 years old - 25 years isn't a death sentence for him Parole is available after 1/3 of term, realistically he won't serve 100% There's still a chance fo
by maxclark 2y ago
SBF is 32 years old - 25 years isn't a death sentence for him
Parole is available after 1/3 of term, realistically he won't serve 100%
There's still a chance for him to get something out of his life post jail
- vadansky 2y agoIt's been posted a thousand times already, there is no parole for federal sentences.
- AtlasBarfed 2y agoThere is, however, pardons. He'll probably need to wait about 2-4 terms, but eventually the bribery ... uh ... mercy will go through.
- m3kw9 2y agoso what would the presidents excuse be? “I feel he shouldn’t get 25, and he’s free to go”? Or “his crime wasn’t that bad”? Just wondering
- eadmund 2y agoThe pardon power is constitutionally absolute and unreviewable — the president can pardon for any reason, or none. Some people dislike that, but I personally like it, because it acts as an ultimate safety valve on the state’s ability to persecute an individual.
- taco_emoji 2y agoYeah man, everybody knows this. The question is why would any president BOTHER pardoning SBF? It's an idiotic move. Literally no one is defending SBF besides his lawyers
- ceejayoz 2y agoThe question is more "why would the President self-immolate themselves politically for someone who appears to have minimal actual political capital, especially now that they're broke?"
- toast0 2y agoPresidents generally don't suffer much from pardoning the wrong person. There's maybe one President that didn't get elected because of his use of the pardon. But then, Ford wasn't elected President or Vice President before he pardoned Nixon either. Otherwise, I'm not aware of a pardon so controversial that it became a major campaign issue. And for a second term President, there's not really any downside.
- rocqua 2y agoThe fact that no one ever lodt an election because of a stupid pardon could equally be explained by no really stupid pardons having happened.
- gorbachev 2y agoBut they don't. Because the pattern they usually follow is to pardon the questionable cases (personal friends, people with financial ties to the President, etc.) just before they go out of office.
- bena 2y agoThe "state" being the federal government in this case and not any individual state. The president cannot pardon state-level offenses, that is at the discretion of that state.
- eadmund 2y agoYup! I probably should have capitalised it as ‘State’ to prevent confusion.
- krapp 2y agoAnd in exchange for this "safety valve" you get the potential for absolute and unreviewable corruption by giving one person the authority to arbitrarily override the judicial branch at will. And to do the same with the legislative branch through executive order. If America mistrusts government so much that it wants the President to be a de facto monarch, it should just drop the pretense at being a republic and have a monarchy already. Or make the oligarchy official and elect a CEO in chief. At least then there's only one head for the CIA to put a bullet into.
- justinator 2y agoThere is a more than 0% chance we will re-elect a man that has shown that he does not mind partaking in incredibly corrupt business practices out in the open. We don't even know if they would pardon themselves for crimes and has argued that they should have full immunity to do anything, including harming his adversaries. This person would not need an excuse to do anything.
- basil-rash 2y agoMuch more likely the individual for whom he was a top donor than his opponent. https://nymag.com/intelligencer/2021/02/sam-bankman-fried-biden-donor.html https://nymag.com/intelligencer/2021/02/sam-bankman-fried-bi...
- ceejayoz 2y agoFTX was attempting to buy influence on both sides of the aisle. https://www.cnbc.com/2023/10/20/sam-bankman-fried-ftx-allies-donated-millions-in-dark-money.html https://www.cnbc.com/2023/10/20/sam-bankman-fried-ftx-allies... > Ryan Salame, who was the CEO of FTX’s digital markets division, donated millions of dollars to Republican political action committees and affiliated “dark money” groups with funds from FTX’s affiliated hedge fund, Alameda Research, according to the documents. Salame pleaded guilty last month to federal campaign finance and money-transmitting crimes. Caroline Ellison, who ran Alameda and once dated Bankman-Fried, also gave millions to right-leaning nonprofit groups, the documents say. > Bankman-Fried donated $10 million to a [Mitch] McConnell-linked group named One Nation in August 2022, according to the evidence filed by prosecutors. The money came directly from an Alameda Research account, prosecutors said. There's little reason to believe any of that influence remains now that he's broke.
- basil-rash 2y agoHe donated far more to liberals and it’s a well known. Nobody on the right wants to see him walk free.
- 2y ago
- notatoad 2y agothere doesn't need to be an excuse, and there frequently isn't. "i'm the president and i can do this" is the only excuse necessary
- zoklet-enjoyer 2y agoThey don't need an excuse
- idontpost 2y ago[dead]
- throwaway74432 2y agoThey address this in the article. He can serve as little as 12.5 years without any form of parole.
- bsuvc 2y agoNot "parole" but his sentence can be reduced. From the article: > There is no possibility of parole in federal criminal cases, but Bankman-Fried can still shave time off his 25-year sentence with good behavior. > "SBF may serve as little as 12.5 years, if he gets all of the jailhouse credit available to him," Mitchell Epner, a former federal prosecutor, told CNN. > Federal prisoners generally can earn up to 54 days of time credit a year for good behavior, which could result in an approximately 15% reduction. > Since 2018, however, nonviolent federal inmates can reduce their sentence by as much as 50% under prison reform legislation known as the First Step Act.
- JumpCrisscross 2y ago> Since 2018, however, nonviolent federal inmates I’d be in favour of amending the law to expand to cover fraud and corruption. Those are crimes that corrode social trust in a way that is analogous to challenging the state’s monopoly on violence. (And is separate from e.g. theft.)
- daveguy 2y ago"...the state's monopoly on violence" does not help your argument. Otherwise, I agree.
- xdavidliu 2y agoI wonder if there's a name for this rhetorical device: like casually insert shocking statements about atrocities committed by those in power. Chomsky uses it extensively.
- JumpCrisscross 2y agoIt’s the Weberian definition of a state [1]. When non-state actors freely use violence to further their aims, we call it a failed state. [1] https://en.m.wikipedia.org/wiki/Monopoly_on_violence https://en.m.wikipedia.org/wiki/Monopoly_on_violence
- 2y ago
- maxclark 2y agoI'm not versed in this at all. What is the DOJ's US Parole Commission? https://www.justice.gov/uspc https://www.justice.gov/uspc "The mission of the U.S. Parole Commission is to promote public safety and strive for justice and fairness in the exercise of its authority to release and revoke offenders under its jurisdiction."
- mikeyouse 2y agoThey changed the law in 1984 - but if you were sentenced to prison before that, you can still be paroled.. https://en.wikipedia.org/wiki/Federal_parole_in_the_United_States https://en.wikipedia.org/wiki/Federal_parole_in_the_United_S...
- rootusrootus 2y ago> Parole is available after 1/3 of term IIRC it's 85%. Federal prison does not have parole, but they do give some credit for good behavior, up to 15%.
- tired_star_nrg 2y agoI thought that was only in Louisiana if they pass one of their new “tough on crime” laws
- setgree 2y agoI do not expect SBF to express remorse, be a model prisoner, etc. I expect him to royally misunderstand the rules of the game, which he routinely does in formal settings. This is the same man who leaked his ex's diaries while she was testifying against him, which led to his bail being revoked https://www.nytimes.com/2023/08/11/technology/sam-bankman-fried-jail.html https://www.nytimes.com/2023/08/11/technology/sam-bankman-fr...
- dkjaudyeqooe 2y ago> I expect him to royally misunderstand the rules of the game What a weird take on his behavior. His parents are law professors, he had an army of lawyers working for him at the time, yet he just didn't care and did what he felt like, knowing full well the damage it would do, because that was the whole point. There is no misunderstanding, it was just indifference.
- setgree 2y agoSBF was not indifferent to going to jail... https://www.nytimes.com/2023/09/05/technology/sam-bankman-fried-jail-peanut-butter-vegan.html https://www.nytimes.com/2023/09/05/technology/sam-bankman-fr... https://nypost.com/2023/08/24/why-sam-bankman-fried-likely-wont-get-adderall-while-locked-up-in-brooklyn-jail/ https://nypost.com/2023/08/24/why-sam-bankman-fried-likely-w...
- Simon_ORourke 2y ago> it was just indifference. Absolutely spot on, and to paraphrase Tallyrand, it was worse than a crime, it was indifference.
- ddorian43 2y agoIIRC it was federal, where you need to do 2/3, no?
- danpalmer 2y agoA cushy job as a guest speaker at fancy dinners for finance people perhaps?
- tempsy 2y agoThere’s no parole in federal cases
- carabiner 2y agoHe'll be out around 2040: https://x.com/wagieeacc/status/1768798879959400776?s=46&t=N5oP9SrFuyxd0pRLixzkBQ https://x.com/wagieeacc/status/1768798879959400776?s=46&t=N5... Shkreli far and away has been providing the most informed analysis of this case. He trashed the letters to the judge from SBF's parents, then Judge Kaplan went on to raise the exact points Shkreli said he would.
- moralestapia 2y agoShkreli is a smart guy that also went through that, so yeah, I was also happily following his commentary of this.
- tempsy 2y agoThat’s an old tweet from 2 weeks ago.
- notreallyauser 2y agoThat was based on a sentence of 20 and he got 25 -- so closer to 2044, I guess.
- CyberDildonics 2y agoI guess he learned a lot about law after bait and switching AIDS patients and committing "widespread fraud" (SEC's words).
- FireBeyond 2y ago> 25 years isn't a death sentence for him Parole is available after 1/3 of term, realistically he won't serve 100% Federal prison does not have parole. Only good behavior options. But that could reduce it to 12.5, if he hits all behavior targets.
- jojo100 2y agoWhat a travesty of American justice. He'll be out in 12-13 years and will jet off to the mansion he bought for his parents in the Bahamas with his customer's money. You just know the smug felon has a huge BC wallet Caroline is hiding for him. He's directly responsible for the 3+ suicides that have happened due to his deception and theft but he'll live in luxury for his silver and golden days. And people are on here arguing that this sentence is too long. How laughable.