Sam Bankman-Fried Faces No Parole Option in Legal Battle: Implications for FTX Token (FTT)

• Renowned Crypto Criminal Defense Lawyer, Carlo D’Angelo, has shared insights on the potential jail destination of former FTX CEO, Sam Bankman-Fried.
• D’Angelo believes that several factors, including current prison inhabitants and Bankman-Fried’s mental health needs, will influence the decision.
• Despite the absence of parole, Bankman-Fried could potentially earn “Good Time” if he avoids disciplinary issues, reducing his jail term to about 85% of the original sentence.

Carlo D’Angelo, a prominent Crypto Criminal Defense Lawyer, discusses the factors that could determine the prison destination of former FTX CEO, Sam Bankman-Fried, and the potential implications of the U.S. Federal system’s abolition of parole.

Factors Determining Bankman-Fried’s Jail Destination

During an extensive interaction with independent journalist, Tiffany Fong, D’Angelo revealed that Bankman-Fried’s jail destination would be influenced by several considerations. The Bureau of Prisons will recommend a prison based on factors such as the current inhabitants of a prison, which would help determine if co-defendants who testified against Bankman-Fried are in the same facility. This is to avoid potential conflicts and issues.

Consideration of Bankman-Fried’s Individual Needs

D’Angelo further noted that the authorities would take into account Bankman-Fried’s specific mental health needs, potentially placing him in a unit that can cater to these needs. Additionally, efforts would be made to keep him close to his family, adding another layer of consideration to the decision-making process.

Implications of the Absence of Parole

Given the length of Bankman-Fried’s sentence and the absence of parole in the U.S. Federal system, D’Angelo explained that the former CEO would receive credit for the time he served awaiting trial and sentencing. However, this credit would not extend to the period when Bankman-Fried was under house arrest.

Possibility of Earning “Good Time”

Despite the abolition of parole, D’Angelo highlighted that the Bureau of Prison can award “Good Time” to convicts who avoid disciplinary issues. This could potentially reduce Bankman-Fried’s jail term to about 85% of the original sentence.

Conclusion

In conclusion, while the final decision rests with the Bureau of Prisons, several factors will influence where Bankman-Fried serves his sentence. These include the current inhabitants of potential prisons, Bankman-Fried’s mental health needs, and his conduct during his sentence. Despite the absence of parole, the potential for earning “Good Time” provides a glimmer of hope for a reduced sentence.