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

Obviously, Elizabeth Holmes can count herself lucky — that USDC Judge Davilla expressed some empathy about her toddling offspring… in only sentencing her to 12.6 years — and at a camp, no less. SBF didn’t have kids in tow, and admittedly stole more by far than Elizabeth — likely by an order of magnitude. Even so, both of them will be in their 50s before they are free again (he’ll be about a decade younger than she, as he enters prison).

Not terribly surprising — but SBF may end up in the same facility as Martin finished his sentence — FCI Allenwood, in Western Pennsylvania. [I offer this, while we wait for the answer from Akkadian.]

[But his sentence 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