SBF has no option for parole: defense attorney – CryptoMode

Crypto Criminal Lawyer Carlo D’Angelo sheds light on the conviction of former FTX CEO SBF without parole.

D’Angelo shared his insights during a detailed conversation with independent journalist Tiffany Fong, who specializes in covering crypto crime issues. According to D’Angelo, Bankman-Fried could potentially be sent to a different prison than his co-defendants, with the length of his possible sentence hovering around 21 years.

Factors determining SBF’s prison destination revealed

During the dialogue with FongCarlo D’Angelo has provided valuable insights into the factors that will influence the prison placement of former FTX CEO Sam Bankman-Fried. D’Angelo emphasized that the Bureau of Prisons will recommend a prison designation for Bankman-Fried based on several considerations. This comes after SBF was sentenced to 25 years in prison for defrauding FTX investors.

These considerations include assessing the current prison population to avoid potential conflict with co-defendants who have testified against him and taking his mental health needs into account, ensuring placement in units that can provide appropriate care . As for how much time SBF could spend behind bars, D’Angelo had some interesting opinions, as seen below.

Chat with a criminal lawyer @DeFiDefenseLaw about the fate of SBF’s co-conspirators Caroline Ellison, Gary Wang & Nishad Singh, SBF’s parents (Barbara Fried fkn hates me 😅), whether or not Joe Biden will pardon SBF and more! pic.twitter.com/1SNg2Gbze4

— Tiffany Fong (@TiffanyFong_) May 3, 2024

Meanwhile, Ryan Salame, former co-CEO of FTX Digital Markets, has agreed to relinquish ownership of his multimillion-dollar property in the Bahamas as part of a settlement in a criminal case. The decision, set out under a motion submitted by FTX Trading Ltd and affiliated debtors in the United States Bankruptcy Court for the District of Delaware on May 1, concerns the transfer of a $5.9 million home owned by Salame in the Bahamas.