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 t... Read the full article for FREE at COINOTAG!
