Key Takeaway:
- FTX founder Sam Bankman-Fried will serve his full sentence in prison without parole.
- There is a possibility of early release based on good behavior.
- Bankman-Fried is unlikely to be pardoned by President Joe Biden.
- His time spent in custody awaiting sentencing will be counted as time served.
- He received a 25-year sentence in late March on various charges.
FTX Founder’s Incarceration
According to the crypto lawyer Carlo D’Angelo, Sam Bankman-Fried’s prison sentence will not include the option of parole. However, there is a chance for early release based on good behavior during his time in prison.
Possibility of Pardon
The likelihood of President Joe Biden pardoning Bankman-Fried is ruled out by the crypto lawyer, indicating that he will serve his full sentence. This includes the time spent in custody awaiting the sentencing being accounted for.
Prison Facility and Duration
The choice of the penitentiary facility for Bankman-Fried will be determined by authorities based on various factors, including his case details and psychological state. Despite the potential for early release, the entrepreneur is expected to serve at least 85% of his 25-year sentence due to past precedents.
