Disgraced crypto mogul Sam Bankman-Fried was sentenced to 25 years in prison Thursday, but the convicted fraudster could be out in half that time.
The 32-year-old was sentenced to more than two decades in prison in Manhattan after being found guilty of stealing more than $8 billion from FTX customers.
Federal crimes are not eligible for parole, however, Bankman-Fried could shave off a considerable amount of time — perhaps as high as 40 or 50% — with good behavior and completing prison rehabilitation programs, said Mark Bini, a veteran prosecutor turned defense lawyer at white-shoe law firm Reed Smith.
This means the fallen crypto king could serve as little as 12.5 years.
nypost.com/2024/03/28/us-news/how-long-will-sam-bankman-fried-actually-serve-in-prison/