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 <p class="is-style-lead">Crypto lawyer John E. Deaton opined that Sam Bankman-Fried is most likely to spend multiple decades in <a rel="noopener noreferrer nofollow" title="prison" href="https://thebittimes.com/tag/prison.html">prison</a> after a 12-person jury unanimously <a rel="noopener noreferrer nofollow" title="found" href="https://thebittimes.com/tag/found.html">found</a> FTX’s <a rel="noopener noreferrer nofollow" title="found" href="https://thebittimes.com/tag/found.html">found</a>er guilty on all seven counts.</p>
 <p>Deaton’s view is that Bankman-Fried sealed his fate by depending on his testimony and on the chances of a hung trial. A hung trial occurs when one or more jury member finds the defendant innocent therefore prolonging deliberation and a trial.&nbsp;</p>
 <p>“I will come back and eat my words if he gets lower than 10 years but I think conservatively, he gets at least 30-40 years,” said the crypto lawyer on X Spaces. Deaton posited that Bankman-Fried chose the path with the lengthiest possible sentence.&nbsp;</p>
 <p>FTX’s former boss had three options per Deaton’s <a rel="noopener noreferrer nofollow" title="Category Analysis" href="https://thebittimes.com/analysis.html">Analysis</a>: Plead guilty and bank on the court’s mercy, deny the allegations and fight for a hung trial by convincing one juror of his innocence, or cooperate with the Justice Department on political donations and campaign finance charges for a lighter sentence.</p>
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    <p lang="en" dir="ltr">After the Government flipped the 3 big witnesses with shorter <a rel="noopener noreferrer nofollow" title="prison" href="https://thebittimes.com/tag/prison.html">prison</a> terms (Caroline, Wang, etc.), the prosecutor wasn’t going to offer Sam a deal. He had 3 choices: <br><br>1) plead guilty, admit to everything and throw himself on the mercy of the Court;<br><br>2) plead not guilty, testify… https://t.co/DmhOjccg8J</p>— John E Deaton (@JohnEDeaton1) November 3, 2023
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 <p>Notably, prosecutors momentarily ditched campaign finance charges due to pressure from the Bahamas government. During witness testimony in United States v Sam Bankman-Fried, evidence pointed to expensive incentives directed to Bahamian government officials apparently funded with FTX customer cash and crypto.&nbsp;</p>
 <p>As such, followers of the case have surmised that campaign finance violation allegations could resurface as a full-blown trial following Bankman-Fried’s sentencing which is expected in March 2024.</p>
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 <p>When asked about the prospects of this happening following Nov. 3’s verdict, Damian Williams, United States Attorney for the Southern District of New York, declined to respond.&nbsp;</p>
 <p>Deaton’s opinion echoed assertions from Lesperance &amp; Associates managing director David Lesperance who told crypto.news that Bankman-Fried faces around 20 years behind bars. Whatever the case, all eyes are on the court sentencing due from District Judge Lewis A. Kaplan within 90 days of the verdict.&nbsp;</p>
 <p>There are also questions about whether Bankman-Fried’s <a rel="noopener noreferrer nofollow" title="prison" href="https://thebittimes.com/tag/prison.html">prison</a> sentence would run concurrently or consecutively.&nbsp;</p>
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  </svg> <span class="cn-block-related-link__prefix"> Read more: </span> FTX’s top lieutenants ‘will likely’ be sentenced after Sam Bankman-Fried: Bloomberg
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/legal-expert-says-ftx-founder-set-for-double-time-in-prison-tbt68981.html">https://thebittimes.com/legal-expert-says-ftx-founder-set-for-double-time-in-prison-tbt68981.html</a></p>

Legal expert says FTX founder set for “double time” in prison

TheBitTimes

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