I think the point is not the the length of the sentence but the willingness of the thieves to risk it. Maybe they're unaware, which is unlikely, but in any case, it's scary how people have no realization of consequences of their actions.
He lost much more than $1,100.
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Katz said he was forced to transfer $8,500 worth of bitcoin and also was robbed of $3,500 in cash.
In total, he lost some $12,000. In addition to this, he lost his credit card, as well as his Samsung mobile phone. Don't ask me why he was carrying that much cash with him at that point of time. Honestly I don't know.
