The post SBF Sentencing: Judge Sets 1,320-Months Imprisonment appeared first on Coinpedia Fintech News
According to Inner City Press, the judge stated that SBF’s standard in this case is life imprisonment, which would be a maximum of 1,320 months (110 years). After the liquidator sold SOL for $10 billion at a 70% discount, victim Sunil accused them of violating creditors’ property rights. As a result of the FTX fraud, at least three people committed suicide. Additionally, the judge determined that FTX’s deception cost more than $550 million in total. More beyond that is “just gravy,” Kaplan said, referring to the fact that additional losses would not raise the top end of the guidelines.
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