Sam Bankman-Fried’s (SBF) sentencing is slated for March 28, 2024, with the defendant going through as much as 110 years after being convicted of all seven expenses leveled in opposition to him. In step with this, some authorized consultants have weighed in, explaining why the previous FTX CEO may get a shorter sentence and elements that would additionally have an effect on his sentencing.
How Many Years Will Sam Bankman-Fried Get?
In an interview with Unchained Crypto, Sam Enzer, a associate at Cahill Gordon & Reindel, talked about that he expects Choose Lewis Kaplan will hand Sam Bankman-Fried a sentence of over 20 years primarily based on the magnitude of the crime and the necessity for deterrence. Enzer had earlier than then talked about sure elements which may play within the thoughts of the court docket.
One among them occurs to be the age of the defendant and if Bankman-Fried may very well be rehabilitated properly sufficient to be built-in again into the system at round 60 years (assuming he bought a sentence of 30 years.) He believes that the court docket could discover it exhausting to reply such a query as it’s exhausting to inform if an individual at 60 years previous may present any a lot worth to society.
In the meantime, Wealthy Cooper, a former SDNY (Southern District of New York) Prosecutor, additionally weighed in on the quantity of years that may very well be imposed on the FTX founder. Cooper, for one, doesn’t imagine the federal government will counsel to the court docket that the defendant will get the statutory most of 110 years.
He additionally alluded to the age issue as such sentencing is likely to be unfair to somebody who remains to be in his early 30s. One other issue that he believes will weigh on the sentencing is what distinguishes this case from the Madoff case, which is that SBF didn’t misappropriate all these funds for his private use. Cooper additionally agreed with Enzer that Bankman-Fried would recover from 20 years in jail.
FTX Founder’s Perjury May Additionally Worsen His Sentence
Each Enzer and Cooper famous that the truth that Sam Bankman-Fried perjured himself may worsen his sentence. The defendant was the first witness in his case, and throughout his testimony, he saved denying any wrongdoing. Nevertheless, following his conviction, one may insinuate that he lied underneath oath.
The authorized consultants imagine that this and the truth that the FTX founder made Choose Kaplan preside over a rigorous trial, which may have been short-lived if he admitted his guilt, can even weigh on Kaplan’s thoughts. In the meantime, in addition they highlighted the truth that the defendant’s lack of regret may additionally have an effect on his sentencing, particularly if he’s hell-bent on interesting the conviction.
It stays to be seen what number of years the Prosecution will ask to be handed all the way down to the defendant. FTX’s Bankaman-Fried may additionally have the chance to provide an allocution the place he can ask the court docket for a extra lenient sentence.
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