2024-03-01 05:14:33
There is a report from the New York Times. Following Long's sentencing, former FTX CEO Sam Bankman-Fried was convicted of seven counts of fraud and money laundering last November after he used investors' money to crash FTX's crypto trading platform. Facing a life sentence and a trial on the other five counts is scheduled for late March. Attorney Sam Bankman-Fried has asked a judge to reduce his prison sentence to 63 to 78 months, or about 5 to 7 years. His lawyers painted a picture of a lovable saint of a man in a 98-page memorandum filed Tuesday.
The record also confirms that Bankman-Fried was Innocent of all charges While simultaneously acknowledging the pain he caused, yes, we had to read that story twice. But the document appears to be a plausible defense blunder that his lawyers might have dreamed up. This included a request for sympathy for SBF's suffering and mental illness.
The memo comes after a current investigative report (PSR) from probation officers recommended a 100-year prison sentence for SBF, attorney Sam Bankman-Fried said. Let's call this advice. Called "bizarre" because it was based on victims losing $10 billion, the document confirmed that victims would receive the money. "One hundred cents on the dollar" from the bankruptcy proceedings. “Evil behavior” of terrorists and pedophiles It cited two federal cases involving al-Qaeda. and child abuse/pornography cases
Prosecutors have until March 15 to submit their recommendations. The judge will deliver his decision on March 28, the day the SBF's second trial begins.
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