Tangent: Come Thursday, Highly Unlikely That SBF Gets Less Than 15 Years…

Since we are on the topic of crime and punishment this morning — let’s get this out of the way: there is no way that SBF… skates. Not a chance.

Nope. There is almost no chance he won’t see a sentence at least 20% longer than Elizabeth Holmes. He will learn his fate at a hearing this Thursday morning, in federal court, in Manhattan.

While I don’t think 50+ years is likely, I do think 25 is on the table.

I won’t repeat what the goofy prediction market bets at Polymarket say, but the betting is clustered between 20 and 50 years.

His complete lack of remorse — continuing to mislead — even on the stand… means the mere fact that there have been recoveries in bankruptcy… won’t count for much in reduction of sentence credits, I predict.

Onward.

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