Criminal Law

Ex-FTX Chief Sam Bankman-Fried Seeks No More Than Six Years in Prison as He Awaits Sentencing

Lawyers for Sam Bankman-Fried, the former head of the collapsed cryptocurrency exchange FTX, have requested a sentence of just five to six years in prison in the wake of his conviction last year on seven counts of fraud.

U.S. probation officials have recommended a sentence of 100 years for Bankman-Fried’s role in orchestrating what prosecutors described as an elaborate, multibillion-dollar fraud. He is scheduled to be sentenced March 28.

In a 98-page memo filed Tuesday, Bankman-Fried’s lawyers portray him as suffering from an array of neurological and personality issues that could not be overcome, turning him into a “tragic” figure.

Read the source article at NBC News

Back to top button