SBF Requests 63-78 Month Sentence in FTX Fraud, Citing Lack of Criminal History, Young Age
SBF Requests 63-78 Month Sentence in FTX Fraud, Citing Lack of Criminal History, Younger Age
Attorneys for FTX founder Sam Bankman-Fried maintain proposed a sentence of 63 to 78 months in penal advanced for their client, citing his charitable work and younger age. Bankman-Fried used to be stumbled on guilty on more than one charges, at the side of defrauding FTX customers of $8 billion.
The sentencing for SBF in FTX fraud is scheduled for March 28.
The sentencing advice, filed on Tuesday, argues for leniency attributable to Bankman-Fried’s lack of prior legal ancient past, his younger age (31), and his expressed dedication to creating amends for the injury precipitated by FTX’s crumple. SBF also emphasised on his intention to charm the convictions and the chance of elephantine compensation for defrauded customers.
SBF Asks for a Lenient Sentence
SBF’s attorney wrote to mediate Lewis Kaplan presiding over the case:
“When the elements are concept to be, at the side of Sam’s charitable works and demonstrated dedication to others, a sentence that returns Sam promptly to a productive role in society would per chance per chance be ample, nonetheless now no longer bigger than major, to conform with the capabilities of sentencing.”
The 98 online page long filing cited several sources and interviews to assign SBF’s personality and his intentions. The filing concluded:
“The acceptable plan of arriving at a exact sentence would per chance per chance be to maintain in thoughts the Adjusted Offense Level (Subtotal) of 56, diminished by 30 levels in accordance with zero loss, which yields an advisory Pointers differ of 63-78 months.”
Earlier, the US Probation and Pretrial Services Machine (PSR) quick a 100-one year sentence in the FTX fraud. Bankman-Fried’s defense team strongly criticized the PSR’s advice, calling it “grotesque” and “barbaric.” They argued that such crude sentences are reserved for distinctive cases though-provoking violent crimes, which they sigh Bankman-Fried’s case does no longer converse.
Source : cryptonews.com
