- Sam Bankman-Fried’s attorneys request the courtroom for a most of 6.5 years of jail sentence for him.
- The attorneys advocate the decide think about Bankman-Fried’s charitable deeds and societal dedication.
- Asserting that his accounts weren’t for his private positive aspects, the attorneys requested the courtroom to not forfeit any property.
The ill-famed Sam Bankman-Fried’s attorneys requested the courtroom to restrict his imprisonment to a most of 6.5 years. In a 98-page memo submitted on Tuesday, the attorneys requested U.S. District Choose Lewis A. Kaplan to mitigate the punishment whereas the decide might challenge an extended sentence of 20 years.
The attorneys really helpful the courtroom think about Bankman-Fried’s charitable actions and different deeds that show his societal commitments. The memo questioned the unsympathetic descriptions of Bankman-Fried. Allegedly, the FTX founder was labeled a “sociopath” and a person with “no morals, regret or empathy.” He was additionally addressed as “one in all historical past’s most infamous fraudsters.”
Nevertheless, the attorneys tried to floor the “selfless, altruistic” Bankman-Fried, who “cares deeply about different individuals.” Within the memo, the attorneys asserted that the accused was certainly somebody who “has at all times been devoted to doing good on the planet.” Thus, the attorneys pleaded to the decide to consider Bankman-Fried’s good deeds and shorten the sentencing interval to convey him again to play his “productive function in society.”
Colin Wu, a Chinese language crypto reporter, wrote on his Wu Blockchain web page on X concerning the attorneys’ suggestion of 63-78 months of jail sentence for the FTX founder. The attorneys’ request was based mostly on “components resembling SBF’s adolescence, college training, Wall Avenue expertise, the founding of Alameda and FTX, philosophy and philanthropy, and motives aside from greed.”
Bankman-Fried was arrested for allegedly committing conspiracy and fraud, amassing hundreds of thousands of firm property for his private positive aspects. Nonetheless, his attorneys asserted that not one of the recognized accounts had been for his private profit and requested to not forfeit any property.
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