Sam Bankman-Fried Pleas for a Reduction of his Prison Time to 63-78 Months

Sam Bankman-Fried, the former FTX boss found guilty of fraud last year, has asked the court for a sentence of 63 to 78 months.

Bankman-Fried is due to be sentenced next month. His lawyers objected to the recommendation of 100 years in prison by the Presentence Investigation Report (PSR). His lawyers described the recommendation as “grotesque” while seeking a “just” sentence.

The lawyers argue that Bankman-Fried was a first-time, non-violent offender, was found culpable alongside four other individuals, and that investors, customers and lenders suffered zero harm. The lawyers advocated “an advisory Guidelines range of 63-78 months.”

The FTX bankruptcy estate has stated it expects to fully repay its customers.

The lawyers also cited Bankman-Fried’s charitable works as a plea bargain for a “sentence that returns him promptly to a productive role in society.”

Bankman-Fried’s lawyers also tried to water down previous descriptions of the former FTX boss as a “sociopath,” “an ice-cold manipulator, bully and shameless liar,” and “one of history’s most notorious fraudsters.”

The lawyers cite several letters submitted by friends and family of Bankman-Fried strongly supporting a lenient sentence. Notable amongst this letters are from Bankman-Fried’s fellow inmate, Carmine Simpson, and Jamie Forrest, PhD, the Executive Advisor to Purpose Africa.

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