For those wondering, prosecutors asked for 50 years in prison, defense asked for 5 years. So this sentence is right down the middle. 50 years in prison would have been way too long IMO.
As others have suggested, likely he won't even serve the 25 though.
...Because it just simplifies to 50/2 lol.
Because instead he'll serve 21.25?
So that would be 16 years, though obviously, it's foolish to use "right down the middle" as a heuristic for something like this. (The more severe a crime, the more incentive the defense has to pretend like it didn't happen at all.)
- The geometric average is the arithmetic average of the logarithm. It places emphasis on the ratio between numbers, rather than the absolute difference.
- The harmonic average is the arithmetic average of the multiplicative inverse. It averages values by a constant numerator rather than denominator. For example, the average fuel economy of multiple vehicles makes more sense per-distance, so miles/gallon should be rewritten as gallons/mile.
- The (RMS) root-mean-square is the arithmetic average of the square. Electrical power is proportional to the square of the amperage or voltage, so AC current and voltage uses the RMS average to make the power calculations correct.
Stole unknown amounts of peoples retirement.
Ruined many peoples lives.
How is 50 years too long? The literal largest fraud case in history doesn't even have a life sentence...
We are sending a clear message, grift and steal your way to the top and then get out just in time to retire with all your stolen goods.
You know when he gets out he is gonna go unlock a dead wallet with 100BTC (or some other coin) in it and become an expat.
IMO, if we're thinking of sentencing someone to 50 years or life in prison, we should cut to the chase and execute them instead. It's faster and cheaper for the taxpayers, and arguably less cruel.
SBF may serve as little as 12.5 years, if he gets all of the jailhouse credit available to him," Mitchell Epner, a former federal prosecutor, told CNN.
Federal prisoners generally can earn up to 54 days of time credit a year for good behavior, which could result in an approximately 15% reduction.
Since 2018, however, nonviolent federal inmates can reduce their sentence by as much as 50% under prison reform legislation known as the First Step Act.
Are you saying the article is wrong, or did you maybe not consider this possibility?
That's not an automatic reduction (or even as close to it as good conduct time), as it requires successful participation in specified activities, but it is generally available except for a defined list of mostly violent offenses.
See this guys comment...
https://news.ycombinator.com/item?id=39856162
and a million others correcting the "85%" meme that HN parrots incessantly (not sure why anyone would expect programmers to be experts on federal incarceration nuances)
There are totally good reasons for a pension fund to invest minority assets into BTC, mostly diversification (check out Modern Portfolio Theory [1]). You may calculate the risk that BTC goes up or down, but most people probably didn't expect the exchange to lose the money.
It's not the first time it happened (see Mt Gox), but FTX prided itself on being the most risk-averse. Yet it turned out all of that was based on fraud and fake numbers, fraudulent enough to even fool pension funds.
This assumes both that he has such a wallet and that BTC will still be worth something when he gets out.
>>On 8 March 2024, Hernández was convicted of three counts of drug trafficking and weapons conspiracy and faces mandatory minimum sentence of 40 years in prison.