Former CEO of now bankrupt FTX cryptocurrency exchange faces more than 100 years in prison if given maximum penalty
Sam Bankman-Fried’s lawyer said in late February that the suggested 100-year prison sentence for the FTX founder would be “grotesque” and “barbaric” and at most a term of a few years behind bars would be appropriate for crimes that the disgraced cryptocurrency mogul still disputes.
In pre-sentencing arguments filed just minutes before 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. Bankman-Fried, known for his casual clothing and wild hair, was convicted of seven counts of wire fraud and conspiracy to launder money in November 2023.
Continue reading…Former CEO of now bankrupt FTX cryptocurrency exchange faces more than 100 years in prison if given maximum penaltySam Bankman-Fried’s lawyer said in late February that the suggested 100-year prison sentence for the FTX founder would be “grotesque” and “barbaric” and at most a term of a few years behind bars would be appropriate for crimes that the disgraced cryptocurrency mogul still disputes.In pre-sentencing arguments filed just minutes before 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. Bankman-Fried, known for his casual clothing and wild hair, was convicted of seven counts of wire fraud and conspiracy to launder money in November 2023. Continue reading…