Sam Bankman-Fried’s authorized workforce is looking for a lighter-than-recommended sentence for the convicted founding father of the bankrupt crypto change platform FTX.
In a brand new court docket submitting, Bankman-Fried’s legal professionals say they disagree with the Presentence Investigation Report (PSR) advice that the previous government must be sentenced to 100 years behind bars.
The PSR – which is ready by the U.S. Probation Workplace to assist courts decide the suitable sentence for a convicted individual – consists of an offender’s complete life background.
Bankman-Fried’s attorneys say the court docket ought to reject what they name a “grotesque” proposal.
“The PSR recommends that the Courtroom sentence Sam to 100 years in jail.
That advice is grotesque. Sam is a 31-year-old, first-time, non-violent offender, who was joined within the conduct at challenge by no less than 4 different culpable people, in a matter the place victims are poised to get better – have been all the time poised to get better – 100 cents on the greenback.”
They are saying {that a} 100-year sentence must be reserved for individuals who dedicated extra critical offenses, resembling Al-Qaeda members who have been concerned in terror acts.
Moreover, the legal professionals say {that a} lighter sentence – one with a most of 78 months – is extra applicable for Bankman-Fried when all elements are thought-about.
“Sam Bankman-Fried respectfully submits that, for the explanations set forth above, an applicable technique of arriving at a simply sentence can be to think about the Adjusted Offense Stage (Subtotal) of 56, decreased by 30 ranges based mostly on zero loss, which yields an advisory pointers vary of 63-78 months.
When the elements are thought-about, together with Sam’s charitable works and demonstrated dedication to others, a sentence that returns Sam promptly to a productive position in society can be adequate, however not better than vital, to adjust to the needs of sentencing.”
Bankman-Fried was convicted of defrauding buyers and mishandling billions of {dollars} value of buyer funds final yr linked to the 2022 collapse of FTX.
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