But that's not how it works when you simply owe money (usually, modulo things like probation violations and child support, but lets ignore that for now). We don't have debtors prisons). They can seize his money though, garnish his wages (lol in this specific case though), etc.
He should see jailtime for the market manipulation. We'll see what happens. This isn't even a thing the SEC is known to be pursuing presently, so don't hold your breath.