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> stole $10 million > Has to pay $8.7 million in restitution > 9 year sentence If he holds the BTC, and waits until after his jail sentence to pay the restitut
by chrisco255 5y ago
> stole $10 million
> Has to pay $8.7 million in restitution
> 9 year sentence
If he holds the BTC, and waits until after his jail sentence to pay the restitution, and Bitcoin goes up 10x while he's in jail, I guess he pockets all the profit?
- Hydraulix989 5y agoIf Bitcoin goes down 10x while he's in jail, he's unable to pay and back in jail again.
- chrisco255 5y agoHaha, thankfully debtor prison ended many moons ago and double jeopardy is protected against. There are limits to collection of such penalties.
- Hydraulix989 5y ago> debtor prison ended many moons ago Right, this would look more like "unwilling to pay" than "unable to pay" -- the former is not considered "debt". There's quite a bit of leeway here, and generally court-ordered fines that can't be paid because "suddenly the money is gone" err towards the former instead of the latter, especially payment was intentionally delayed as OP described. > double jeopardy is protected against That would be a probation violation (which typical entails additional jail time, which would be already baked into the same initial "sentence"), not a re-trial.
- eloff 5y agoWhy would he be able to wait until after his sentence?