United

<p>United States prosecutors have recommended a maximum sentence of 50 years in prison for former FTX CEO <a href="https://www.cryptopolitan.com/us-to-keep-bankman-fried-jail-until-hes-80/" rel="noopener noreferrer nofollow">Sam Bankman-Fried</a>, who was convicted on fraud and money laundering charges in November 2023. This sentencing proposal has sparked controversy, with Bankman-Fried’s lawyers condemning it as reminiscent of a “medieval view of punishment.”</p>
<p>In a response to the government’s sentencing proposal, Bankman-Fried’s legal team, Marc Mukasey and Torrey Young, penned a letter to Judge Lewis Kaplan, asserting that the suggested sentence misrepresents the severity of their client’s crimes. They argued that the proposed term would essentially equate to a “death-in-prison” sentence, which they deemed unjust.</p>
<h2 class="wp-block-heading" id="strong-sam-bankman-fried-s-lawyers-counter-allegations-of-high-risk-strong"><strong>Sam Bankman-Fried’s lawyers counter allegations of high risk</strong></h2>
<p>Mukasey and Young put forth several arguments in favor of a reduced sentence for Bankman-Fried. They contended that no actual losses occurred as a result of his actions, as all customers and lenders affected would be compensated through bankruptcy proceedings, leaving assets intact within the estate. Additionally, they disputed the prosecution’s portrayal of Bankman-Fried as solely motivated by personal gain, citing his philanthropic endeavors and purportedly modest lifestyle.</p>
<p>The defense team also challenged the assertion that Bankman-Fried posed a high risk of re-offending, citing research indicating low recidivism rates among white-collar, educated offenders without prior records. Moreover, they accused the prosecution of making unsupported claims, including allegations that Bankman-Fried evaded responsibility and misrepresented sentencing data for comparable fraud cases.</p>
<h2 class="wp-block-heading" id="strong-appeal-for-compassion-and-fairness-strong"><strong>Appeal for compassion and fairness</strong></h2>
<p>Mukasey and Young emphasized the profound personal and professional losses Bankman-Fried had already endured, asserting that he had “nearly lost everyone and everything.” They urged Judge Kaplan to consider a reduced sentence of approximately five to six and a half years, arguing that such leniency would align with the goal of allowing Bankman-Fried to “return to liberty.”</p>
<p>The<a href="https://www.courtlistener.com/docket/66631291/413/united-states-v-bankman-fried/" rel="noopener noreferrer nofollow" target="_blank"> defense lawyers</a> underscored the unprecedented nature of the proposed sentence, noting that they had not identified any federal defendant convicted of a non-violent offense who had served such a lengthy term and been subsequently released. They concluded their appeal by urging the court to refrain from “crushing” Bankman-Fried with an excessive punishment.</p>
<p>The sentencing hearing for Sam Bankman-Fried is scheduled for a later date, during which Judge Kaplan will consider the arguments presented by both the prosecution and the defense before reaching a decision.</p>

Sam Bankman-Fried lawyers decry ‘medieval’ sentence proposal

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