SBF Jail Time! Will He Face Lifetime Imprisonment?
SBF Might face 115 years in prison if he’s convicted on all 8 charges filed by the US Department of Justice according to Nicholas Biase, a spokesperson for U.S. prosecutors.
Nick Akerman, a former assistant U.S. Attorney predicts a 10-year sentence, if not significantly more—but that it could vary based on the details revealed later in the investigation.
A conviction for a single count of wire fraud is punishable by up to 20 years in prison, according to federal statute.
Moreover, During the recent hearing, Bankman-Fried’s attorneys requested the 30-year-old be released on a $250,000 bail.
However, Chief Magistrate of the Commonwealth of The Bahamas Joyann Ferguson-Pratt has denied bail for Sam Bankman-Fried.
Overall, Bankman-Fried’s next court hearing is held on February 8th