Sam Bankman-Fried Asks Court to Cut Prison Time to 63-78 Months

CoinDeskPolicyPublished on 2024-02-27Last updated on 2024-02-28

Abstract

Bankman-Fried's lawyers objected to the Presentence Investigation Report (PSR) which recommends a sentence of 100 years in prison calling it "grotesque."

Former FTX boss Sam Bankman-Fried (SBF), found guilty of fraud last year and due to be sentenced next month, has asked the court for a ‘just' sentence of 63 to 78 months, according to a court filing submitted Tuesday.

Bankman-Fried’s lawyers objected to the Presentence Investigation Report (PSR), which recommends a sentence of 100 years in prison, calling it “grotesque.”

Read all of CoinDesk’s coverage here.

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The lawyers argue that “an appropriate method of arriving at a just sentence" would be to consider an adjusted offense level based on “zero loss," which would lead to “an advisory Guidelines range of 63-78 months.”

The lawyers said when all factors are considered, "Including Sam’s charitable works and demonstrated commitment to others, a sentence that returns Sam promptly to a productive role in society would be sufficient, but not greater than necessary, to comply with the purposes of sentencing.”

Read More: Sam Bankman-Fried’s Sentence Might Be Lighter Than You’d Expect

Edited by Parikshit Mishra.

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