A former branch manager of a national financial institution was sentenced today to 65 months in prison for using his position to organize a conspiracy to help individuals obtain at least 38 fraudulent Paycheck Protection Program (PPP) loans totaling approximately $5 million, U.S. Attorney Philip R. Sellinger announced today.
Federal inmates gain time off for good behavior at a rate of 54 days per year, which is roughly 85% of their sentence. So a five year sentence means he would gain 270 days (I have no idea if the feds prorate the .4 years).
Assuming, of course, he doesn’t get pardoned by Trump for doing exactly what the PPP was designed to do.
His lawyers make in an hour than most Americans make in a month.
He can and will petition for supervised release (basically asking to serve at home, or for the sweetheart deal Epstein got that let him only go to jail on the weekends.)
Regardless, the dude stole more money than most Americans make in a decade and his sentence is a joke relative to if any normal American stole a pack of cigarettes.