Solana

Milk

Solvent

Read

Influencer

<div class="insidebitcoins">
 <p>Sam Bankman-Fried (SBF) is asking the courts for a relatively lenient prison sentence on grounds that FTX customers will suffer no losses.</p>
 <p>SBF’s lawyers requested a sentence of between 63 and 78 months in a Feb. 27 filing, arguing that FTX was solvent at the time of its bankruptcy and that a recommendation by the Presentence Investigation Report (PSR) for 100 years prison time for their client is ”grotesque.”</p>
 <p>“The money was there—not lost,” the lawyers said. “The harm to customers, lenders, and investors is zero. Sam is a 31-year-old, first-time, non-violent offender, who was joined in the conduct at issue by at least four other culpable individuals, in a matter where victims are poised to recover—were always poised to recover—a hundred cents on the dollar.”</p>
 <h2 id="ftx-was-solvent-before-bankruptcy">FTX Was Solvent before Bankruptcy</h2>
 <p>Earlier this month, FTX lawyers told a judge in Delaware that the exchange planned to reimburse all customers in full after the bankruptcy estate recovered $10 billion in assets.</p>
 <p>SBF was found guilty of seven counts of fraud and conspiracy after a month-long trial in October last year. His sentencing is scheduled for March 15.</p>
 <p>The lawyers have also dismissed the prosecution’s assertions that SBF intended to commit fraud. They argue that SBF always intended to reimburse its customers as seen in witness statements and the company’s financials.</p>
 <h2 id="disgraced-ftx-co-founder-recommends-solana-to-prison-guards">Disgraced FTX Co-Founder Recommends Solana to Prison Guards</h2>
 <p>Meanwhile, a recent report by the New York Times said that SBF has been promoting Solana to prison guards.</p>
 <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
  <p lang="en" dir="ltr">Sam Bankman-Fried is giving financial advice in jail.</p>
  <p>He's telling guards to invest in Solana, per NYT. pic.twitter.com/j9BnGtWqrr</p>
  <p>— Milk Road (@MilkRoadDaily) February 27, 2024</p>
 </blockquote>
 <p></p>
 <p>While being held at the Metropolitan Detention Center in Brooklyn, SBF was not only working on his case but also sharing crypto market investment tips with the guards, the report said.</p>
 <p>The story indicates that SBF continues his fascination with Solana, with SOL among the major holdings of the collapsed FTX exchange.</p>
 <h2 id="also-read">Also Read</h2>
 <ul>
  <li>First Photo Of FTX Founder Sam Bankman-Fried In Prison Is Posted By Crypto Influencer</li>
  <li>Sam Bankman-Fried Faces Up To 115 Years In Jail As Justice Department Warns It Has “Handcuffs For All” Crypto Crooks</li>
  <li>Sam Bankman-Fried Ran A “Pyramid Of Deceit” And Is Guilty On All Charges, US Prosecutors Say</li>
 </ul>
 <p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/sam-bankman-fried-wants-6-5-year-prison-sentence-says-recommended-100-years-is-grotesque-tbt81098.html">https://thebittimes.com/sam-bankman-fried-wants-6-5-year-prison-sentence-says-recommended-100-years-is-grotesque-tbt81098.html</a></p>
</div>

Sam Bankman-Fried Wants 6.5-Year Prison Sentence, Says Recommended 100 Years Is ”Grotesque”

Table of Contents

TheBitTimes

Other articles published on Feb 28, 2024

Maverick Protocol (MAV) Price Prediction 2025, 2026, 2027, 2028, 2029 and 2030

SEABC 2024: Top Industry Leaders To Share Innovations and Insights on Blockchain and Web3

Nvidia GeForce Now Introduces Advertisements for Free Tier Users

Bitcoin Analysts Predict Price Movements and Offer Trading Strategies

Next Cryptocurrency To Explode Wednesday, February 28 – Quant, Injective, XRP

This 20 year OLD Gamer Flips his Entire Meme Coin Portfolio to BEFE

Join our free newsletter for daily crypto updates!