The legal professionals of disgraced FTX founder Sam Bankman-Fried say that the prosecution’s sentence suggestions for his or her shopper are “disturbing.”
In a brand new letter addressed to Decide Lewis A. Kaplan, Bankman-Fried’s attorneys say that the sentence advice is draconian and types the previous chief govt as a “supervillain.”
“The federal government’s memorandum is disturbing.
With marked hostility, the memorandum distorts actuality to assist its valuable “loss” narrative and casts Sam as a wicked super-villain; it attributes to him darkish and megalomaniacal motives that fly within the face of the report; it makes apocalyptic prophecies of recidivism; and it adopts a medieval view of punishment to succeed in what quantities to a death-in-prison sentencing advice. That’s not justice.”
Earlier this week, the prosecutors within the case recommended a 40-50-year sentence for Bankman-Fried, who was discovered responsible in October of defrauding traders and mishandling buyer funds associated to the multibillion-dollar collapse of crypto alternate FTX in November 2022.
The legal professionals elaborate by saying that the federal government is selecting to disregard that FTX’s chapter proceedings “will end in clients and lenders being made entire,” portray Bankman-Fried as a “monster,” and overblowing his affinity to re-offend.
The letter concludes by saying the prosecution’s intent to maintain Bankman-Fried behind bars for that lengthy just because he might theoretically perpetrate fraud once more is terrifying.
“At age 32, the federal government desires to interrupt Sam Bankman-Fried. They ignore fully his situation and vulnerabilities. As an alternative, they urge, menacingly, that the sentence imposed should ‘disable’ him even from ‘being able’ the place he theoretically ‘might’ perpetrate a fraud. That could be a horrifying interpretation of particular deterrence.”
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