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Bankman-Fried's Defense Seeks Leniency in Sentencing, Citing Remorse and Future Contributions

The defense argues for a 5 to 6.5 year sentence for the FTX founder, emphasizing his good character and the risk of harm in prison.

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Sam Bankman-Fried, the founder of bankrupt cryptocurrency exchange FTX, arrives at court as lawyers push to persuade the judge overseeing his fraud case not to jail him ahead of trial, at a courthouse in New York, U.S., August 11, 2023.
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Overview

  • Sam Bankman-Fried's legal team argues for a sentencing range of 5 to 6.5 years, citing his intentions to return to a productive role in society.
  • The defense highlights Bankman-Fried's remorse, lack of malicious intent, and the impact of his conviction on his future.
  • Character references and support documents, including from his family and a jail bunkmate, emphasize his good character and the risk of harm in prison.
  • Prosecutors and a probation officer recommend a century in prison, but the defense disputes the severity of the alleged harms.
  • Bankman-Fried's sentencing is scheduled for March 28, following his conviction on fraud and conspiracy charges.