NewsletterSam Bankman-Fried Shouldn’t Get Leniency: Court Filing
Highlights
- Market participant sends letter to Judge Kaplan to deny leniency pleas for Sam Bankman-Fried.
- He asked the judge to consider the expected value of accounts and people who lost their assets for sentencing.
- SBF seeks reduction in sentencing to under 7 years
After FTX co-founder Sam Bankman-Fried’s family and friends submitted leniency pleas to the judge who will sentence SBF this month, a letter filed in court addressed to the judge questioned the level of leniency asked despite numerous charges.
Court Gets Letter to Deny SBF Leniency Plea
According to the latest filing in the court, a letter has asked Judge Kaplan to deny leniency pleas for Sam Bankman-Fried. The letter is from a member of the CBOE for a market maker firm.
The letter slams people arguing that SBF should get a level of leniency based on the idea that account holders will be made whole. He objects to pleas, remarking them as “intellectual dishonesty.”
“When I read that educated people are arguing that SBF should be granted a level of leniency because his account holders will be made whole, I had to express my objection to this intellectual dishonesty.”
He claims SBF charges are equal to “stealing money, going to Vegas, winning and repaying some of the funds.” Also, he asked the judge to consider the expected value of accounts and people who lost their assets. Asking the judge to dismiss the requests by Sam Bankman-Fried and his family.
Also Read: XRP Whales Accumulates 39 Mln XRP From Binance, A Price Recovery Ahead?
SBF Seeks Reduction in Imprisonment to 6 Years
Sam Bankman-Fried’s lawyers have asked the judge to reduce the prison sentence to less than 7 years for various counts of financial fraud crimes from his crypto exchange FTX and Alameda Research. His defense cited SBF’s “neurodiversity,” selflessness and “kindness” for the relatively light punishment.
The maximum possible sentence of 110 years. Moreover, an inmate has claimed that Bankman-Fried as a non-threatening individual has become a target for extortion and assault in the Brooklyn Metropolitan Detention Center. Meanwhile, SBF has been shilling Solana in jail as he awaits his sentencing on March 28, 2024.
Also Read: Crypto Market Selloff — Over $1 Billion In BTC, ETH, XRP, SHIB Liquidated, Here’s Why
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