Crypto lawyer: Sam Bankman-Fried to serve 20-year prison sentence without parole 

According
to
a
crypto
lawyer,
FTX
founder
Sam
Bankman-Fried
will
spend
his full sentence
in
prison.

In
an
interview
with
journalist
Tiffany
Fong,
crypto
lawyer
Carlo D’Angelo said that

Sam
Bankman-Fried
does
not
qualify
for
parole.

According
to
the
expert, the
convicted
entrepreneur
will
not
be
released on
parole
under
any
circumstances.
Despite
this,
there
is
a
chance
Bankman-Fried
will
leave
prison
early,
as
the
U.S.
Federal
Bureau
of
Prisons
has
the
right
to
award
the
FTX
founder
good
behavior status,
thus
being
released earlier
than
the
date
specified
in
the
sentence.
To
do
this,
the
convicted
person
must
avoid
disciplinary
sanctions
and
demonstrate
good
behavior.

However,
the
reward
will
not
significantly
shorten Bankman-Fried’s prison
time,
as
D’Angelo
noted
that
inmates
like
Bankman-Fried
serve
85%
of
their
sentences in
most
cases. Per
this
precedent,
the
former
head
of

FTX
will
likely
spend
at
least
21
years
in
prison.

In
addition, the
crypto
lawyer ruled
out
the
possibility
of
Bankman-Fried being
pardoned by
President
Joe
Biden.

Taking
into
account the
sentence,
the
entrepreneur
accused
of
multibillion-dollar
fraud
will
have
the
time
spent
in
custody
awaiting
his
sentence
counted
as
time
served.

There
are
various
options
for
the
prison
to
which
Bankman-Fried
could
be
sent. The
authorities
will
determine
the
specific
penitentiary
facility
based
on
the
characteristics
of
his
case,
his
psychological
state,
and
other
factors,
D’Angelo
concluded. 

Sam
Bankman-Fried

received
25
years
in
prison
in
late
March
on
seven
charges
relating
to
fraud,
financial
fraud,
embezzlement,
conspiracy,
and
money
laundering.