FTX Founder Faces “Grotesque” Suggested 100-Year Prison Sentence for Cryptocurrency Crimes, Lawyer Calls for Leniency
NEW YORK (AP) — The lawyer for Sam Bankman-Fried, founder of FTX, called the suggested 100-year prison sentence for his client “grotesque” and “barbaric.” Attorney Marc Mukasey argued that a term of a few years behind bars would be more appropriate for the cryptocurrency crimes that Bankman-Fried still disputes. In presentence arguments filed in Manhattan federal court, Mukasey contended that the report by probation officers improperly calculated the federal sentencing guidelines. The recommendation of a 100-year sentence falls just 10 years short of the maximum possible sentence of 110 years. Prosecutors, who will respond in … Read more