Sam Bankman-Fried Seeks Lenient Sentence and to Appeal Conviction
Featured Articles
Sam Bankman-Fried’s lawyer said Tuesday that a suggested 100-year prison sentence for the FTX founder by an arm of the court is “grotesque” and “barbaric” and at most a term of a few years behind bars is appropriate for cryptocurrency crimes that the California man still disputes.
In presentence arguments filed just minutes before a late Tuesday deadline in Manhattan federal court, attorney Marc Mukasey said a report by Probation officers improperly calculated federal sentencing guidelines to recommend a sentence just 10 years short of the maximum potential 110-year sentence.
A spokesperson for prosecutors, who will respond in court papers in mid-March, declined comment. Mukasey noted, however, that prosecutors have agreed with the 100-year recommendation and say it was supported by trial evidence.
On March 28, Judge Lewis A. Kaplan will sentence the man prosecutors say cheated investors and customers of at least $10 billion in businesses he controlled from 2017 through 2022.
His FTX trading platform was perceived by some in the cryptocurrency industry as a pioneer before it collapsed into bankruptcy in November 2022, weeks before he was brought to the United States from the Bahamas for trial.
At a November trial, the man known for his casual clothing and wild hair was convicted of fraud and conspiracy charges by a jury that wasn’t swayed by Bankman-Fried’s testimony.
Mukasey wrote Tuesday that the Probation office miscalculated federal sentencing guidelines to justify its recommendation. A proper sentence, Mukasey said, would be based on guidelines that would call for between five years and 6 1/2 years in prison, at most.
When Bankman-Fried’s charitable works and his commitment to others are considered, an appropriate sentence would return him “promptly to a productive role in society,” the lawyer said. Mukasey signed the 90-page document that was also worked on by four other lawyers.
Mukasey said that the Probation office “recommends that the Court sentence Sam to 100 years in prison. That recommendation is grotesque.” He called on the judge to reject the “barbaric proposal” for a “brilliant, complex and humane person” who doesn’t use drugs, rarely drinks and is a first-time offender.
“Sam is not the ‘evil genius’ depicted in the media or the greedy villain described at trial,” Mukasey wrote. “Sam is a 31-year-old, first-time, non-violent offender, who was joined in the conduct at issue by at least four other culpable individuals, in a matter where victims are poised to recover — were always poised to recover — a hundred cents on the dollar.”
FTX was once the world’s second-largest crypto exchange and Bankman-Fried seemed to be flying high with the purchase of Super Bowl advertising and endorsement from celebrities including comedian Larry David and NFL superstar quarterback Tom Brady.
Related listings
-
Witness at trial recounts fatal shooting of cinematographer by Alec Baldwin
Featured Articles 02/25/2024Testimony at trial Monday turned emotional and argumentative as an eyewitness recounted the fatal 2021 shooting of a cinematographer by actor Alec Baldwin during a movie rehearsal and described gun misfires, crew members walking out and a “ludi...
-
Nevada Supreme Court sides with AP in Wynn defamation suit
Featured Articles 02/08/2024The Nevada Supreme Court on Thursday dismissed a defamation lawsuit brought by casino mogul Steve Wynn against The Associated Press over a story about two women’s accounts to police alleging he engaged in sexual misconduct.The court cited state...
-
Supreme Court could overturn Oklahoma death row inmate's conviction
Featured Articles 01/24/2024The Supreme Court on Monday said it will hear an appeal from Oklahoma death row inmate Richard Glossip, who has steadfastly maintained his innocence and averted multiple attempts by the state to execute him.Glossip was sentenced in a 1997 murder-for-...
Car Accident Lawyers in New Rochelle, New York
If you have gotten in a car accident, it could seriously change your life. Whether the accident was caused by the other party’s fault or a fault of your own, you’ll want to to make sure that you are ready to prepare yourself for any cases that might follow.
Immediately following any type of car accident, it is important to take certain steps to ensure that the courts will treat you with respect and fairly. First, assess your mental and physical condition. Make sure right after the accident, you document any information regarding the accident and situation, it can be of great help later on.
You’ll want to make sure that you seek professional help for any medical conditions you may be experiencing. Do not wait to seek medical attention, you’ll want to make sure that you have documented evidence of the injury that was caused by the accident. The amount of treatment is also taken into consideration in every case.