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A comment on Sam Bankman-Fried found guilty on all charges. Parent comment

Re:Sam Bankman-Fried found guilty on all charges by cornholio on Friday November 03, 2023 @04:09PM (#38134331)
It's not false, it's my conjecture. Ellison just spent a total of 14 hours testifying against SBF and, according to court reporters present, denying her own responsibility for planning the fraud and saying she was simply directed to perform various criminal actions she was not aware the full implications of. It's nonsensical to believe she accepted responsibility for anything more in her plea deal, which will be the sole basis of her sentence.

The charges she faces before the plea deal carried a maximum sentence of 110 years and no mandatory minimum. According to several experts (*, she will likely walk away with no jail time or, at most, a few years in a minimum security jail. The prosecution against her was basically stayed - again, my conjecture - as we will find out in a few weeks time.

(* https://www.bloomberg.com/news/articles/2023-11-03/sbf-s-inn...

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Re:Sam Bankman-Fried found guilty on all charges by therealcamino on Friday November 03, 2023 @04:55PM (#38134882)
No, it's just false. She pleaded guilty to 7 charges already. We don't know what she'll be sentenced to for those crimes. That's a completely separate issue. She's already pleaded guilty. The source is the Justice Department.

https://www.justice.gov/usao-sdny/pr/united-states-attorney-...

"CAROLINE ELLISON, 28, is charged with and has pled guilty to two counts of conspiracy to commit wire fraud, each of which carry a maximum sentence of 20 years in prison; two counts of wire fraud, each of which carry a maximum sentence of 20 years in prison; one count of conspiracy to commit commodities fraud, which carries a maximum sentence of five years in prison; one count of conspiracy to commit securities fraud, which carries a maximum sentence of five years in prison; and one count of conspiracy to commit money laundering, which carries a maximum sentence of 20 years in prison. ...

"The statutory maximum sentences are prescribed by Congress and are provided here for informational purposes only, as any sentencing of the defendants will be determined by a judge. "

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