Sam Bankman-Fried’s authorized group is looking for a lighter-than-recommended sentence for the convicted founding father of the bankrupt crypto trade platform FTX.
In a brand new courtroom submitting, Bankman-Fried’s attorneys say they disagree with the Presentence Investigation Report (PSR) advice that the previous government needs to be sentenced to 100 years behind bars.
The PSR – which is ready by the U.S. Probation Workplace to assist courts decide the suitable sentence for a convicted particular person – consists of an offender’s total life background.
Bankman-Fried’s attorneys say the courtroom ought to reject what they name a “grotesque” proposal.
“The PSR recommends that the Courtroom sentence Sam to 100 years in jail.
That advice is grotesque. Sam is a 31-year-old, first-time, non-violent offender, who was joined within the conduct at difficulty by a minimum of 4 different culpable people, in a matter the place victims are poised to get well – had been all the time poised to get well – 100 cents on the greenback.”
They are saying {that a} 100-year sentence needs to be reserved for many who dedicated extra critical offenses, equivalent to Al-Qaeda members who had been concerned in terror acts.
Moreover, the attorneys say {that a} lighter sentence – one with a most of 78 months – is extra applicable for Bankman-Fried when all components are thought-about.
“Sam Bankman-Fried respectfully submits that, for the explanations set forth above, an applicable methodology of arriving at a simply sentence can be to think about the Adjusted Offense Stage (Subtotal) of 56, lowered by 30 ranges based mostly on zero loss, which yields an advisory pointers vary of 63-78 months.
When the components are thought-about, together with Sam’s charitable works and demonstrated dedication to others, a sentence that returns Sam promptly to a productive function in society can be enough, however not higher than obligatory, to adjust to the needs of sentencing.”
Bankman-Fried was convicted of defrauding traders and mishandling billions of {dollars} value of buyer funds final 12 months related to the 2022 collapse of FTX.
Do not Miss a Beat – Subscribe to get electronic mail alerts delivered on to your inbox
Examine Worth Motion
Observe us on Twitter, Fb and Telegram
Surf The Each day Hodl Combine
Generated Picture: Midjourney