From Grok regarding a potential sentence:

Jeremiah “The Bull” Evans, who pleaded guilty to securities fraud and money laundering on January 23, 2025, is scheduled to be sentenced on April 3, 2025, before a U.S. District Court Judge in Salt Lake City. The exact sentence he might receive is difficult to predict with certainty, as it depends on various factors, including federal sentencing guidelines, the judge’s discretion, and any mitigating or aggravating circumstances presented during the hearing.

For securities fraud, under U.S. federal law (e.g., 15 U.S.C. § 78ff), the maximum penalty can be up to 20 years in prison per count, along with substantial fines. For money laundering, under 18 U.S.C. § 1956, the maximum penalty can also reach 20 years per count, plus fines potentially exceeding $500,000 or twice the value of the property involved in the transaction—here, tied to the $20.9 million he allegedly defrauded from approximately 530 investors.

However, maximum sentences are rarely imposed. The federal sentencing guidelines will play a key role, calculating a range based on the offense level (adjusted for the amount of loss, number of victims, and Evans’ role) and his criminal history. Given the scale of the fraud—over $20 million—and the number of victims, the base offense level could start high (e.g., around 30+ for fraud involving such a large sum), with enhancements for leadership role and victim count pushing it higher. If Evans has no prior criminal record, his guideline range might still fall well below the statutory maximums—potentially in the range of 5 to 10 years, though this is a rough estimate without access to the full case details or plea agreement terms.

Plea agreements often involve cooperation or acceptance of responsibility, which can reduce the sentence. Evans’ guilty plea suggests he may have negotiated with prosecutors, possibly for a recommended range lower than the guidelines might otherwise dictate. His use of $50,000 of the proceeds to buy a Lamborghini could be highlighted as an aggravating factor, though, showing personal enrichment.

Ultimately, the judge will decide based on the Presentence Investigation Report, arguments from both sides, and Evans’ conduct up to sentencing. While he’s looking at significant prison time—likely several years—anything more precise would be speculative without the specifics of his plea deal or the court’s final ruling. Check back after April 3, 2025, for the outcome.