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 <p class="is-style-lead">A request to delay the sentencing of Sam Bankman-Fried was rejected by Judge Lewis Kaplan ahead of a presentence interview slated for Dec. 21.&nbsp;</p>
 <p>Sam Bankman-Fried’s lawyers requested to extend the <a rel="noopener noreferrer nofollow" title="sentencing" href="https://thebittimes.com/tag/sentencing.html">sentencing</a> procedure by four to six weeks, citing a possible second trial for the FTX founder on bank <a rel="noopener noreferrer nofollow" title="fraud" href="https://thebittimes.com/tag/fraud.html">fraud</a> and conspiracy to violate the Foreign Corrupt Practices Act charges.</p>
 <p>The letter was submitted on Dec. 20, a day before Bankman-Fried’s scheduled presentence interview with the U.S. Probation and Pretrial Services System. This is the body tasked with recommending a prison sentence for the convicted former crypto billionaire.</p>
 <p>Notably, Bankman-Fried’s <a rel="noopener noreferrer nofollow" title="sentencing" href="https://thebittimes.com/tag/sentencing.html">sentencing</a> hearing is set for March 28.</p>
 <blockquote class="wp-block-quote">
  <p>The defense requires additional time to collect materials necessary for the <a rel="noopener noreferrer nofollow" title="sentencing" href="https://thebittimes.com/tag/sentencing.html">sentencing</a> submission and to prepare for the presentence interview. In addition, a trial on the severed counts of the indictment is still set for March 11, 2024. The Government has not yet decided whether it intends to proceed on those counts.</p> <cite>Court filing requesting delayed sentencing</cite>
 </blockquote>
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 <p>In response, Senior District Judge Lewis A. Kaplan denied the request, noting that sentencing would only be delayed if the U.S. government advanced a second trial on the severed charges.&nbsp;</p>
 <p>The Southern District of New York judge said Bankman-Fried’s camp failed to oppose the initial dates after his <a rel="noopener noreferrer nofollow" title="fraud" href="https://thebittimes.com/tag/fraud.html">fraud</a> trial over FTX’s collapse. A previous request for release was also <a rel="noopener noreferrer nofollow" title="denied" href="https://thebittimes.com/tag/denied.html">denied</a> by the U.S. Court of Appeals for the Second Circuit.</p>
 <p>FTX’s former chief was found guilty on seven counts in November 2023, following an 18-day trial where prosecutors reportedly proved that Bankman-Fried misused customer funds at his crypto exchange and crypto trading giant, Alameda Research.</p>
 <p>As the one-time crypto mogul swapped Bitcoin for mackerel while detained in a Brooklyn jailhouse, his digital asset exchange pressed on with bankruptcy proceedings under new CEO John Ray III.&nbsp; FTX published its bankruptcy settlement plan, although the repayment structure caused an uproar amongst claimants.</p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/sam-bankman-fried-denied-delayed-sentencing-over-ftx-fraud-tbt74338.html">https://thebittimes.com/sam-bankman-fried-denied-delayed-sentencing-over-ftx-fraud-tbt74338.html</a></p>

Sam Bankman-Fried denied delayed sentencing over FTX fraud

TheBitTimes

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