This Is the Prison Sentence Requested by Sam Bankman-Fried’s Legal Team

In response to a Tuesday submitting, Sam Bankman-Fried’s legal professionals have argued to a U.S. decide {that a} sentence between 63 to 78 months is match for the previous FTX boss.

The Presentence Investigation Report (PSR) recommends SBF’s sentence as 100 years in jail for stealing $8 billion from FTX prospects, which his legal professionals describe as “barbaric” and “grotesque.”

SBF’s Authorized Crew Seeks Leniency

SBF’s legal professionals made the request to U.S. District Decide Lewis Kaplan forward of the deliberate sentencing on March 28 within the Manhattan federal court docket. The legal professionals argued {that a} truthful method to growing an acceptable sentence ought to contain calculating the offense stage with a “zero loss” adjustment, therefore, a really useful sentencing guideline vary of 63 to 78 months.

They added that when contemplating all related elements, such because the defendant’s charitable efforts and confirmed dedication to benefiting others, a sentence swiftly reintegrating the person right into a constructive societal function would fulfill the sentencing goals with out being excessive. Moreover, SBF, they stated, is 31 years previous with no prior offenses and has not engaged in violent acts.

For the reason that FTX trial final yr, SBF has employed Marc Mukasey, beforehand counsel for former President Donald J. Trump, to steer his sentencing. This got here after he changed his trial attorneys, Mark Cohen and Christian Everdell.

He additionally secured illustration for the enchantment from one other legal professional at Shapiro Arato Bach. His protection efforts are additionally being supported by his mother and father, Joe Bankman and Barbara Fried, legislation professors at Stanford College, serving to arrange folks to put in writing supportive letters for his or her son to be included within the sentencing memo.

SBF Faces Potential Many years in Jail

Federal prosecutors are anticipated to present their sentencing suggestion on March 15. Even when Decide Kaplan opts to not apply the utmost sentence, SBF might nonetheless be taking a look at a considerable interval of incarceration.

Miriam Baer, Vice Dean at Brooklyn Regulation College, talked about that given SBF’s youth, the decide might impose an enormous sentence of 30 to 35 years.

In response to NYTimes, Sam Bankman-Fried (SBF) has been detained on the Brooklyn Metropolitan Detention Middle since final summer time. Throughout his detainment, he allegedly shared cryptocurrency market ideas with guards and really useful investing in Solana, a preferred blockchain platform.

All through the trial, SBF has maintained his innocence. Mukasey has beforehand demonstrated his authorized prowess, lately securing a lighter sentence for Nikola, Trevor Milton, the founding father of the electrical truck producer. Convicted of investor fraud in 2022, Milton acquired a four-year jail time period in December, considerably lower than the 11 years sought by prosecutors.