- According to Carlo D’Angelo, Sam Bankman-Fried’s jail destination would be determined by a couple of factors.
- D’Angelo believes Bankman-Fried will not be sent to the same prison as his co-defendants.
- With the absence of parole, Bankman-Fried would likely spend not less than 21 years in jail.
Renowned Crypto Criminal Defense Lawyer Carlo D’Angelo has aired his view on developments surrounding the sentencing of former FTX CEO Sam Bankman-Fried. D’Angelo spoke extensively with Tiffany Fong, a renowned independent journalist covering issues around crypto crimes.
During their interaction, D’Angelo told Fong that several factors would determine Bankman-Fried’s jail destination. He explained that the Bureau of Prisons would recommend a prison destination for the convict based on several considerations.
According to the defense attorney, the authorities would consider factors like the current inhabitants of a prison. With that, they would know if co-defendants who cooperated and testified against Bankman-Fried during litigation are in the same prison. He highlighted that having Bankman-Fried in the same environment as people who testified against him could cause problems.
D’Angelo noted that the authorities will consider the convict’s specific mental health needs. Hence, they could send him to a unit that can cater to those needs. The litigation expert noted that adding to the individual needs of Bankman-Fried, the prison authorities will try as much as possible to keep him close to his family.
Considering the length of Bankman-Fried’s sentence and the possibility of parole, D’Angelo explained that the convict would get credit for the time he served waiting for trial and sentencing. He clarified that the time credit will not cover the period when Bankman-Fried was under house arrest.
Other than that, the defense lawyer noted that the U.S. Federal system has abolished parole for prison sentences. However, he clarified that the Bureau of Prison can award “Good Time.” According to him, that could happen if Bankman-Fried avoids having disciplinary issues. However, he noted that generally, convicts like Bankman-Fried are likely to serve about 85% of their jail term within the prison system.
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