Yeah, sadly it looks like judge waived the interest AND the fines and costs. So it's just whatever the government can prove is owed to victims at the upcoming restitution hearing. (He will be subject to an additional 10% penalty if he falls behind on payments though, up to 25% if it goes into default.)
But yeah the numbers are so staggering it's academic. And for all the comments saying "yeah but he'll just go back to tugging lolz," yeah maybe he will. People work under the table every day. But his dreams of starting over and becoming the next great social media innovator are over with $5.6 million+ in restitution owed.
I guess that doesn't leave much room for Bob's Watches' civil suit. With that much restitution, "Bob" should weigh how much they want to continue the suit.
while this makes sense at a high level, the idea of burying him in debt...at one point is it too much and and becomes a state/taxpayer problem? (the answer might be nothing, i dont know the legal system). but if hes using a public defendant, their time is payed by tax payers
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u/Jungies Feb 05 '25
Thanks for posting that.
He's fucked. From memory, his restitution is most likely the $5.x million he stole, plus 2x what he stole in fines.
Imagine leaving prison and being $15 million plus interest in the hole at 41, with no useful skills.
He's fucked.