Does Sam-Bankman Fried Deserve 63-78 Months in Federal Prison?
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- Опубликовано: 5 июн 2024
- In today's video, I analyze the new updates in Sam Bankman-Fried's case, highlighting his missed chances for mitigation that could influence his ultimate federal prison sentence.
Our team at White Collar Advice assists others involved with FTX, though Bankman-Fried isn't one of our clients.
Bankman-Fried seems to be repeating history, relying heavily on his legal team instead of mitigating. This approach could lead to a harsher sentence, much like others before him.
Understanding federal sentencing is complex. Bankman-Fried's lawyers suggest a 63 to 78-month term. In reality, I'll explain what this could mean, factoring in the First Step Act and good behavior.
His defense strategy leans on his attorneys' arguments and experts' reports, sidelining proactive efforts that could show his character and remorse-potentially crucial for leniency.
I urge Bankman-Fried and anyone in a similar situation to mitigate. True change and resilience come from within, not through your defense team's efforts.
Thank you for watching.
Justin Paperny
jp@whitecollaradvice.com - 818-424-2220
Visit www.whitecollaradvice.com to access our federal prison blogs
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![Should We Admire Sam Bankman-Fried and FTX? - Michael Lewis [Part II] | Intelligence Squared](/img/1.gif)
I love it when you get all riled up and start shouting -- well, not shouting, but speaking emphatically. Even more so since it stems from a very deep truth not just of how the system works but how we should all live: taking responsibility for our actions and, if we can, making this world a better place. Which you are doing very well with your channel, btw. A pleasure to watch, every time.
I love it! Thank you. It’s funny you mention that. I watched the video before I posted it and thought, “hey, I got sort of excited here!!”” I’m hoping defendants who watch this learn and take action. Grateful to have you in our community.
your passion in seeking redemption & consequences of one's sins are truly appreciated. 🙏
The Holmes sentence was an absolute mockery of the system. The magnitude of the crime and dollar amount was enormous. SBF's is Madoff-like.
She pulled her brown skinned "foreign" boyfriend into her crimes. The jury looked at this pretty, white, brand new mother and excused her on 7 of the 11 counts. Of course the brown skinned foreign boyfriend was found guilty of all 11 of the charges by his jury, he didn't have her pretty face, blond hair, and brand new baby to help the jury see him as a more sympathetic person.
The gigantic stupidity of that hotel magnate baby daddy of hers. If I was his family I would disinherit him for his absolute simpleton simp idiocy.
He shows no remorse and continually disrespects the system. The judge owes it to the people to punish him and his family. It’s sad that SBF doesn’t understand how to help himself.
It’s never too later to start making better choices.
He has to pay 100% of the trial tax. I'd be a lot more sympathetic if it was a plea deal prior to trial.
@@WhiteCollarAdviceOfficial 100% agree. It just doesn’t seem like he gets it. He ruined peoples lives and bankrupted innocent investor, many of whom were convinced to invest after seeing his ads and placements with “trustworthy” celebrities and politicians. It’s one thing to misappropriate funds, it’s another to do everything he did… The punishment needs to incentivize others not to make the same mistakes.
Yep, many of his victim investors (as stupid as they were) will have lost years to decades in savings, anything less than 15 years no parole would seem very off to me.
remorse for what??!
One big difference. His parents were actively engaged in his bs.
Yes. His parent's involvement in his scams must be investigated and prosecuted!!!!
I'm shocked by how little time he could potentially face.
I think he’s going to get life unless the liberals let them off easy
@@timothyscott1677 Oh please.
5 years ...not enough to deter other sociopaths from ruining countless lives.
Should be 60 years not 60 months, if this is true.
I have been a CJA lawyer for almost 30 years. I wish we could afford to have you consult with our clients! Keep up the good work!
Thank you for your note. I’d be grateful if you would send me an email at jp@whitecollaradvice.com. We have tons of free resources including calculators and a free weekly webinar. I’d love for your clients and your colleagues to join.
Very interesting! I hope this message reaches him & his family!
Me too!! Never too late to make better choices.
Inside fastball is one of the hardest pitches to hit
For me, it was the high heat!
I agree he hasn't done anything to earn a shorter sentence
Yes he has done plenty to earn a zero sentence. He bribed - sorry, funded - many Democrats. What more proof do you need?
He deserves much more than that!
He shows no remorse. None should be bestowed to him.
No, he deserves 600-700 years in federal prison. Too bad his gf snitched her way to a sweet deal.
Cool content
Thank you.
I'm not bloodthirsty enough to demand a life for a billion or so dollars. I think you're a good man and you opened my eyes to some of these perspectives about sentencing and how pointless it is to warehouse people until they die. I would be open to see SBF authentically redeem himself and contribute more than the damage he caused. Impact isn't just measured monetarily, and while he probably won't be the next JP Morgan, I bet he could prevent 100 FTX's by learning from his experience and acting as a positive influence to society like you do.
What the name of the app
White Collar Advice. Come join us!!
25-33 years
63-78 Months is what Gary Wang and Caroline should get. SBF should get 5x to 10x that.
I do not care one bit about restitution to investors and customers. That is not a priority at all. I also don't care about giving him a chance to redeem himself outside the walls of prison. I have zero in FTX as a customer or investor. I don't care about his psychiatric problems, especially since he is very high functioning. I am part of the plaintiffs (the people of the US). I care about sending a message to future SBFs to not do it unless you want a 110 year sentence. So I hope Kaplan sentences him to the max, especially since he needs to pay the trial tax.
Spot fng on!
20-25 with opportunity for good behavior, he's still a kid, just like me
Give him 20 years. No chance of getting out earlier.
How long did you serve?
18 month sentence
He will be lucky to get 20 years!!!!! Prosecutors are asking for 50 yrs sentence. Thry have to make an example out of him because there are too many other similar companies which could do the same.
I would say 5 to 10 years
That's not too bad of a sentence for all the money being involved. He might have a stash of cash, assets, or digital coins still.
15 years I think is fair. Enough time to think and come out better.
Is he going to a medium facility or a usp?
I think he ends up in a low.
@@WhiteCollarAdviceOfficial appreciate the response!
@@chuco915C of course!
Interesting, it's not over. This is how the judiciary and political powers will get him off the hook.
As you said; 150 years for Bernard Madoff.
SBF has committed premeditated large-scale fraud! (lots of victims) I can't see him getting out! Or, at least 30 plus years! (IMO - which means nothing). Appreciate the great content. Thanks
5 years in prison for destroying countless lives? Quadruple that and maybe other sociopaths will take notice. Otherwise, expect no changes in the future.
He should get 50-70 years. Well-connected white guy will probably get 11.
White guy? No, small hat tribe.
It’s easy to armchair quarterback, this, I do it too. But the truth is SBF steadfastly maintains. His innocence and autism is a neurocognitive disability that complicates everything. I definitely see more the lawyers can, and should’ve done in their sentencing memo. It remains to be seen what else they present, but in terms of remorse and acceptance of responsibility, and all the things you so rightly speak of, that is impossible to achieve in this case.
he got less, a lighter sentence.
From where I sit he is a threat to society and the economy of a significant new technology market sector.
Bro got 300 months.
Delete month insert years.
I really hope Judge Kaplan is merrciful to Sam, he has not killed anyone,and it seems his investors will get all their money back. I don't think he had the legal advice he deserves. I am going to pray for him, Sam doesn't believe in God, but I do,. My sister and I are on his side. Get over it, it is only money that will be paid back.
He desrevs 15 years, at least. Period.
If he accepted responsibility and plead guilty, how long of a sentence would you liked to see?
@WhiteCollarAdviceOfficial it's all so out of hand, a severe message has to be sent! 100 years, no possibility if parole, and if he wants any privileges in prison, he has to work to prevent others in doing the same.
Bankman-Fried is on the autism spectrum. His abilities to understand the minutiae of human communications are very limited. You can give him all of the correct advice, but due to his inability to "read" emotions will make it impossible for him to do what you ask. So far, his lawyers have tried to do that for him. So-called "high functioning" spectrum disorders sometimes leave their very high IQ participants in a wilderness of confusion about people. Often you can't tell the difference. But gradually, their human-communication disability comes into view.
In the meantime, the judge EXPECTS remorse and a "skilled" emotion-filled Mea-culpa from Bankman-Fried. Unless the judge has people in his family who are on the spectrum, he will not understand Bankman-Fried. And Bankman-Fried WILL be punished for his inability to communicate. Maybe Bankman-Fried should have a longer sentence because of this, maybe not.
It's up to the judge.
Sanjosemike (no longer in CA)
More like 63-78 years.