FTX Founder Sam Bankman-Fried Appeals for 6.5-Year Prison Term Post-Conviction
Feb 28, 2024
Sam Bankman-Fried, the former CEO of FTX, has requested a prison term of 6.5 years following his conviction on seven fraud and conspiracy charges related to the collapse of FTX. His attorneys argue against the recommended 100-year sentence, stating it as "grotesque." Bankman-Fried's defense emphasises his non-violent first offense, the expected full repayment to customers, and his charitable works. They contest proposed enhancements and deny allegations of perjury. Letters of support from family, friends, and colleagues highlight his positive character traits. The defense draws comparisons to other white-collar cases, aiming for a sentence that allows Bankman-Fried to return to society promptly.
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