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After receiving a four-month sentence, the ex-CEO will be the richest US inmate ever. That is just one of the reasons his case is nothing like FTX’s.
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(Bloomberg) -- It’s “better to ask for forgiveness than permission” when it comes to complying with the law, the billionaire founder of the Binance cryptocurrency exchange once told his team, according to the US government.Most Read from BloombergHSBC CEO Quinn Unexpectedly Steps Down After Almost 5 YearsBinance and CZ’s Fortunes Are Set to Grow, Even in JailWall Street Hit by Fed Jitters to Close Wild April: Markets WrapTesla Soars on Tentative China Approval for Driving SystemPot Stocks Surge
Sam Mangel went to prison for a felony. The experience prompted him to become a federal prison consultant to help prepare others for life behind bars.
Prison consultants say Sam Bankman-Fried has the chance to get years taken off of his 25-year sentence, but only if he controls his impulses.