The post <a rel="nofollow" href="https://coinpedia.org/news/sam-bankman-fried-was-almost-50-sure-of-getting-zero-jail-time-says-crypto-influencer/">Sam Bankman-Fried Was Almost 50% Sure Of Getting ‘Zero Jail Time’&nbsp;– Says Crypto Influencer.</a> appeared first on <a rel="nofollow" href="https://coinpedia.org">Coinpedia Fintech News</a> 
Crypto influencer and journalist Tiffany Fong has opened up about the controversial trial of former FTX CEO Sam Bankman Fried. <a href="https://www.youtube.com/watch?v=O8iDWpvvw7M">In an interview with Thinking Crypto,</a> she discussed the trial’s early stages, which included opening statements and testimonies from key witnesses. 
Fong highlighted the prosecution’s strong case, describing it as straightforward and clear-cut. The prosecution alleges that Bankman Fried misappropriated funds from FTX customers funneled them to his sister’s trading firm, and used them for speculative investments and personal enrichment, such as purchasing Bahamian real estate, flying on private jets, and making political and charitable donations. Their argument is based on concrete evidence, making it easier to convey to the jury. 
On the other hand, Bankman Fried’s defense faces a more challenging task. They argue that the decisions made during STX’s early days, though they may seem questionable in hindsight, were reasonable business decisions at the time. They claim that there was no fraudulent intent behind these actions. Fong expressed skepticism about the defense’s ability to convince the jury, given the amount of money involved. 
Regarding Bankman Fried’s appearance, Fong mentioned that he had gained weight during house arrest but had subsequently lost weight in jail, where his diet consisted of bread and water. He had also received a haircut from a fellow inmate, giving him a cleaner appearance. 
Fong expressed doubts about Bankman Fried’s chances of avoiding a lengthy jail sentence, given the gravity of the charges and the evidence presented so far. She suggested that it would be hard to imagine a sentence of less than ten years, especially given the large amount of money involved. Typically, sentences consider the amount of money stolen. 
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 She said, “I’ve asked multiple times, like, ‘do you think you’re going to get out of this scot-free?’ And Sam has answered, ‘I mean, I think it’s probably like under 50% chance, but he was giving himself a nearly 50% likelihood of getting zero jail time.'” 
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She also said that the defense’s strategies appeared weak, and the judge had shown signs of impatience with repetitive questioning. The trial will continue for several weeks, and Bankman Fried’s prospects are unfavorable.

Sam Bankman-Fried Was Almost 50% Sure Of Getting ‘Zero Jail Time’ – Says Crypto Influencer.

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