USDC Judge Kaplan In Manhattan Sentences SBF To 25 Years -- A Quarter Century! -- Rejects Claims That His Investors Suffered No Losses.

Not surprising. [But it is about 20 percent longer than I had guessed -- while using Elizabeth Holmes' nearly $700 million of frauds as "Kentucky windage", here.] Significantly, Judge Kaplan recommends a "medium security" FCI (like Allenwood or Ft. Dix or Canaan) -- not a camp. But the final decision on placement falls to BoP, as we saw in Shkreli's cases.

Sam Bankman-Fried, the son of two prominent Stanford Law School professors, and at one time, a billionaire -- wielding wide influence in both Democratic and Republican US political races. . . will spend a quarter century behind bars. And the forfeiture is over $11 billion. He will be every bit as broke as Martin Shkreli, when he finally leaves prison. And his parents (also former board members of various SBF affiliated companies) will not get to keep the $110 million Bahamas resort he purchased for them, with stolen FTX funds.

That estate, and several others, will be sold in bankruptcy -- to repay jilted customers, creditors and investors. He will be in his late 50s before he leaves federal prison (even with a 15% reduction for good conduct, and completing various programs).

And so it goes.

नमस्ते