Sam Bankman-Fried’s Lawyers Propose 63-78 Month Sentence in Fraud Case
The post Sam Bankman-Fried’s Lawyers Propose 63-78 Month Sentence in Fraud Case appeared first on Coinpedia Fintech News
SBF is at a crossroads in the high-profile judicial drama: Justice or Leniency? Sam Bankman-Fried, a once-celebrated figure in the crypto world, is now in a tough spot. Since his conviction for fraud last year, he’s been behind bars at the Brooklyn Metropolitan Detention Center. But he’s not giving up without a fight!
He’s been working hard with his legal team, to secure a lenient sentence ahead of his March 28th hearing led by Marc Mukasey, who’s known for his courtroom skills. According to NYTimes, his lawyers filed a legal memo in U.S. District Court in Manhattan on Tuesday, seeking a six-year sentence instead of the 110-year maximum.
Crypto Kingpin or Victim of Circumstance?
As per the memo, SBF deeply regrets his actions and prioritizes customer compensation after the FTX collapse. Despite facing charges that could result in a maximum sentence of 110 years, Lawyers propose a just sentence considering “zero loss,” suggesting an advisory guidelines range of 63-78 months. While Judge Kaplan may choose a substantial prison term given the gravity of the charges, SBF lawyers highlight SBF’s deep remorse and efforts to rectify the situation post-FTX collapse.
SBF’s defense strategy includes many aspects, involving legal maneuvers, testimonials, and generating public sympathy. Alongside Mukasey, appellate lawyer Alexandra Shapiro is poised to handle SBF’s appeal post-sentencing.
Outside the court, SBF’s parents, both Stanford University law professors, are right by his side, pulling out all the stops to help him. With the help of family and friends, they are working to paint a positive picture of him, showing his compassionate side. They’ve even got support from law professors sympathetic to his cause. But it is very hard to overturn a criminal sentence on appeal.
One important part of SBF’s defense story is that he was a selfless and hardworking businessman who was misread because of his “neurodiverse” traits. His lawyers stress that he is trying to make things right and highlight his contributions to the crypto industry.
SBF is Advicing Solana, Raising Doubts?
While he has been in jail, SBF has allegedly stayed busy and given staff at the detention centre investment advice on cryptocurrencies like Solana. SBF kept his cool in court recently, even though the situation was very serious. This shows that he is ready to fight the legal battle ahead of him.
As the sentencing date approaches, all eyes are on the courtroom, where the fate of one of crypto’s most prominent figures hangs in the balance. Will Bankman-Fried’s last stand be enough to secure a favorable outcome, or will he face the full consequences of his actions? Only time will tell.
