SDNY pretty much just set the ceiling on cooperating witnesses. Caroline Ellison was just sentenced to two years in prison and ordered to forfeit $11 billion. That's billion with a B. The crazy thing is that most of my NY friends that I spoke with are surprised she got any time as the culture there is for cooperating witnesses to get probation. They were taken aback that she got two years.
What's surprising to me is that Sam Bankman-Fried got 25 years. Way too much time for a first time, non-violent offender where the actual loss was arguably zero. I'm fine with the NY culture of cooperating witnesses getting no time. But 25 years for going to trial needs to be fixed.
He has a number of really good issues on appeal, including that the judge forced him to testify out of the presence of the jury before taking the stand so that the judge could determine whether his testimony would be admissible. Pretty insane.
If you were the sentencing judge, what would your sentence be for SBF and Ellison?
1 comment:
25 was too high, but he and his lawyers did him no good by sticking their finger in every bodies eyes. 15 seems about right. Just luck that a ton of people didn’t loose everything. If they did, then more than 25. She should have got around 5.
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