HomeTop StoriesSam Bankman-Fried's lawyers say prosecutors are treating their client as a 'depraved...

Sam Bankman-Fried’s lawyers say prosecutors are treating their client as a ‘depraved supervillain’ with ‘dark and megalomaniacal motives’

  • Sam Bankman-Fried’s lawyers have rejected prosecutors’ recommended prison terms of 40 to 50 years.

  • Bankman-Fried’s lawyers accused prosecutors of portraying him as a “depraved supervillain.”

  • The sentence, his lawyers said, was similar to “a recommendation for the death penalty in prison.”

Sam Bankman-Fried’s attorneys are opposing the 40- to 50-year prison sentences that prosecutors have imposed on their client.

The FTX founder’s lawyers filed a letter with U.S. District Judge Lewis Kaplan on Tuesday accusing prosecutors of portraying Bankman-Fried as a “depraved supervillain” with “dark and megalomaniacal motives.”

“It adopts a medieval view of punishment to arrive at what amounts to a recommendation for the death penalty in prison,” Bankman-Fried’s attorneys wrote. “That’s not justice.”

A representative for Bankman-Fried told BI on Wednesday that they had no further comment on the letter.

On Friday, prosecutors filed a sentencing memorandum that said Bankman-Fried should receive “a prison sentence of 40 to 50 years.”

“Bankman-Fried’s crimes were serious and prolonged, causing billions of dollars in losses and significant harm to tens of thousands of victims, financially and emotionally,” prosecutors wrote.

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“The sheer magnitude of the loss in this case, and the fact that the loss came in the form of stealing the victims’ money, places Bankman-Fried in a category of defendants for whom sentences of forty years or more are appropriate,” the memorandum said. said.

This isn’t the first time Bankman-Fried’s lawyers have called for leniency. When probation officers recommended a 100-year prison sentence for Bankman-Fried, his attorney Marc Mukasey called the proposal “grotesque” and “barbaric.”

Bankman-Fried, Mukasey wrote in a sentencing memorandum on February 27, should instead receive a prison term of five to six and a half halls.

Mukasey argued in his memorandum that a century-long prison sentence “substantially exaggerates the severity of Sam’s offense.”

Victims of Bankman-Fried’s crypto exchange FTX “are ready to recover a hundred cents on the dollar – were always ready to recover,” Mukasey wrote.

Some victims of the FTX collapse say they lost their savings and the crypto platform’s implosion ruined their finances.

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Lawyers for FTX’s debtors told a Delaware bankruptcy court in February that creditors and customers can expect to be cured, according to Axios.

Meanwhile, Bankman-Fried’s parents have also asked for a lighter sentence. His mother, Barbara Fried, said in a letter to Kaplan last month that Bankman-Fried’s social awkwardness could put him in “extreme danger” while in prison.

“Sam’s outward presentation, his inability to read or respond appropriately to many social cues, and his touching but naive belief in the power of facts and reason to resolve disputes put him in grave danger,” wrote Barbara Fried.

In November, Bankman-Fried was found guilty of seven counts of fraud and conspiracy. He could face up to 110 years in prison for these charges. Bankman-Fried’s sentencing will take place on March 28.

Read the original article on Business Insider

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