Controversy Surrounds Sentencing Recommendation of FTX Founder Convicted for Fraud: 100 Years in Jail
NEW YORK, NY – Sam Bankman-Fried, the convicted founder of cryptocurrency platform FTX, is facing a recommended prison sentence of 100 years, according to his lawyer. Bankman-Fried, who was convicted of fraud and conspiracy last November, has been described as both an “evil genius” and a “brilliant, complex and humane person.” His attorney argues that the suggested sentence is “grotesque” and “barbaric.” During presentence arguments, Bankman-Fried’s lawyer, Marc Mukasey, criticized the Probation officers’ report, stating that it improperly calculated the federal sentencing guidelines. The recommended sentence falls just ten years short of the maximum potential … Read more