Sam Bankman-Fried’s Lawyer Urges Lenient Sentence for FTX Founder
Support for Lenient Sentence
Sam Bankman-Fried’s lawyer is advocating for a lenient sentence, emphasizing the recovery of funds for FTX customers following the founder’s conviction for stealing $8 billion. The lawyer contends that a prison term within the range of 5-1/4 to 6-1/2 years would be suitable, contrasting with the potential 110-year sentence Bankman-Fried faces.
Personal Testimony
Bankman-Fried, who maintains his innocence, plans to appeal his conviction and sentence. Despite acknowledging mistakes in managing FTX, he insists he never intended to misappropriate customer funds. The sentencing is scheduled for March 28, with letters of support submitted by his parents, psychiatrist, and others.
Challenging Guidelines
The lawyer disputes a 100-year guidelines range proposed by probation officers as excessive, citing FTX’s commitment to repay all customers in full. Bankman-Fried’s intent to return the funds is highlighted, questioning the severity of the conviction in light of this commitment.
Comparative References
While drawing parallels to cases like Elizabeth Holmes and Michael Milken, Bankman-Fried’s lawyer underscores distinctions in motives and impact. The defense aims to portray Bankman-Fried as a figure who, given a second chance, would channel his post-prison life towards charitable endeavors.
Personal Concerns
Bankman-Fried’s incarceration since August has raised concerns about his well-being, particularly given his condition on the autism spectrum. His mother expresses apprehension over his safety in prison, highlighting the family’s emotional turmoil and longing for his release.
