Friday, April 12, 2024
Friday, April 12, 2024

Sam Bankman-Fried lawyer argues long prison sentence would be ‘grotesque’

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Disgraced cryptocurrency mogul faces 100 years for wire fraud and conspiracy to launder money, a term his lawyer calls ‘barbaric’

Sam Bankman-Fried’s lawyer said on Tuesday that a 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 a late Tuesday 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.

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