Based on his charity work and age, the FTX founder's lawyer proposed that Sam Bankman-Fried receive a prison sentence of 63 to 78 months.
Sam Bankman-Fried Receives Prison Sentence From 63 to 78 Months
Bankman-Fried was convicted of multiple crimes, including defrauding FTX customers of $8 billion. SBF's sentencing in the FTX scam is scheduled for March 28 .
The motion for sentencing, filed on Tuesday, argued that leniency was warranted due to Bankman-Fried's lack of criminal record, his youth (31 years old), and his expressed commitment to making amends for the consequences. the collapse of FTX caused. SBF also emphasized its intention to appeal the judgments and its ability to fully compensate defrauded customers.
SBF Calls for Flexible Sentences
SBF's attorney wrote to judge Lewis Kaplan:
“When XEM the factors, including Sam's charitable work and commitment to demonstrating to others, a sentence that would return Sam to a productive Vai in society would be sufficient. But it would still comply with the intent of the sentencing.”
The 98-page filing cited multiple sources to establish SBF's character and intentions. Conclusion:
“The appropriate approach to arriving at a fair sentence would be to XEM an Adjusted Offense Level of 56, reduced by 30 levels based on zero loss. This leads to a guideline-recommended range of 63-78 months.”
Previously, the US Prosecution and Surveillance Service System (PSR) proposed a 100-year penalty in the FTX scam. Bankman-Fried's defense team strongly criticized PSR's proposal. They called it “monstrous” and “barbaric.” Such extreme sentences are reserved for exceptional cases involving violent crimes. This is something they claim does not represent the Bankman-Fried case.
According to Cryptonews
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The post Sam Bankman-Fried Receives Prison Sentence From 63 to 78 Months appeared first on CoinPlus .
