when

The <a href="https://bitcoinist.com/ftxs-sam-bankman-fried-should-receive-50-year-jail/">long-awaited sentencing</a> of <a href="https://bitcoinist.com/ftx-collapse-sam-bankman-fried-trial/">Sam Bankman-Fried (SBF)</a>, the former CEO of the defunct crypto exchange FTX, is set to take place on March 28. SBF faces the possibility of spending up to 100 years in prison or as little as five years if Judge Lewis Kaplan somehow gives in to the <a href="https://bitcoinist.com/sam-bankman-fried-ftx-fraud/#:~:text=Bankman%2DFried's%20Lawyers%20Propose%20A,six%20and%20a%20half%20years).">demands of the defendant’s lawyers</a>.&nbsp; 
<h2 id="what-to-expect-from-the-sam-bankman-fried-sentencing">What To Expect From The Sam Bankman-Fried Sentencing</h2> 
Judge Kaplan will determine how many years <a href="https://bitcoinist.com/ftx-collapse-sam-bankman-fried-trial/">Bankman-Fried</a> will spend in prison. The FTX founder was <a href="https://bitcoinist.com/ftx-sam-bankman-fried-convicted/">found guilty last year</a> of all the seven charges that were leveled against him. However, this will not be easy for the judge, who has received compelling sentencing submissions from both the defendant and the <a href="https://www.newsbtc.com/ftx/sam-bankman-fried-100m-political-favors/" rel="nofollow noopener" target="_blank">prosecution</a>. 
On the one hand, Bankman-Fried’s lawyers have <a href="https://bitcoinist.com/sam-bankman-fried-ftx-fraud/#:~:text=Bankman%2DFried's%20Lawyers%20Propose%20A,six%20and%20a%20half%20years).">proposed</a> that their client receive a sentence between 63 months (5 years) and 78 months (six and a half years). They believe this is a “just sentence” for the defendant as that is enough time to rehabilitate him and ensure that he returns promptly to society where he serves more use than in prison.&nbsp; 
On the other hand, the prosecution has <a href="https://bitcoinist.com/ftxs-sam-bankman-fried-should-receive-50-year-jail/">proposed</a> that Sam Bankman-Fried get a sentence between 40 and 50 years. They argue that such a sentence will be “sufficiently severe” to deter others from committing such crimes. They also believe that this will be enough to ensure that <a href="https://bitcoinist.com/ftx-sam-bankman-fried-court/">Bankman-Fried</a> doesn’t get the opportunity to defraud anyone again.&nbsp; 
In the build-up to the sentencing, both parties have also tried to appeal to Judge Kaplan’s emotions. On the defendant’s part, <a href="https://bitcoinist.com/sam-bankman-fried-ftx-fraud/">SBF’s lawyers</a> have <a href="https://www.courtlistener.com/docket/66631291/418/united-states-v-bankman-fried/" rel="nofollow noopener" target="_blank">filed letters</a> from various individuals who have clamored for the Judge to temper justice with mercy. Meanwhile, the prosecution has filed <a href="https://www.courtlistener.com/docket/66631291/421/united-states-v-bankman-fried/" rel="nofollow noopener" target="_blank">victim impact statements</a>, hoping this will again reaffirm the severity of SBF’s crimes.&nbsp; 
<h2 id="ftx-s-ceo-calls-bankman-fried-a-liar">FTX’s CEO Calls Bankman-Fried A Liar</h2> 
FTX’s CEO, John J. Ray III, addressed a <a href="https://www.courtlistener.com/docket/66631291/415/united-states-v-bankman-fried/" rel="nofollow noopener" target="_blank">letter</a> to the court on behalf of the creditor victims, seeking to correct “material misstatements and omissions” made by Bankman-Fried in his <a href="https://bitcoinist.com/sam-bankman-fried-ftx-fraud/#:~:text=Bankman%2DFried's%20Lawyers%20Propose%20A,six%20and%20a%20half%20years).">sentencing submission</a>. One such misstatement was when Sam Bankman-Fried asserted that FTX was solvent when it <a href="https://www.newsbtc.com/news/major-reveals-from-the-ftx-bankruptcy-filing-whats-the-takeaway/" rel="nofollow noopener" target="_blank">filed for bankruptcy</a>. 
John J. Ray III stated that SBF’s claim is “categorically, callously, and demonstrably false.” He also branded claims that customers’ funds were not lost as a lie. According to him, it is through the efforts of the restructuring team that they were able to <a href="https://bitcoinist.com/ftx-repayment-plan-bitcoin-valued-at-16000/">recover monies</a> belonging to customers.&nbsp; 
Ray’s statement undoubtedly puts a dent in the plea for leniency in Bankman-Fried’s sentencing. Sam Bankman-Fried’s lawyers had argued that their client should be given a sentence as low as five years since the money belonging to <a href="https://www.newsbtc.com/ftx/sam-bankman-fried-100m-political-favors/" rel="nofollow noopener" target="_blank">FTX’s customers</a> was never really missing, and they didn’t suffer any loss since they would be repaid. 
Bankman-Fried’s sentencing will begin at 9:30 am ET in New York.&nbsp; 
<img loading="lazy" decoding="async" class="aligncenter size-medium" src="https://www.tradingview.com/x/cDU0L4Qa/" alt="FTT Token price chart from Tradingview.com (FTX Sam Bankman-Fried)" width="3286" height="1530">

FTX’s Sam Bankman-Fried To Be Sentenced Today: Here’s What To Expect

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