SBF Lawyers Seek Lighter Sentence in FTX Fraud Appeal

SBF Lawyers Seek Lighter Sentence in FTX Fraud Appeal

SBF Lawyers Seek Lighter Sentence in FTX Fraud Appeal

The lawyers of FTX founder Sam Bankman-Fried requested a lighter sentence for their client on Tuesday, arguing that a 100-year sentence was “barbaric” and “grotesque,” according to The Hill.

FTX, once one of the most respected crypto exchanges, “lost more than $8 billion of its customers’ money,” Time magazine reported in Dec. 2022. Bankman-Fried was found guilty of various charges of fraud and conspiracy by a jury last year. He now faces a maximum sentence of 110 years in jail.

On Tuesday, his lawyers filed a memorandum, stating that the pre-sentence report (PSR) prepared by probation officers contained errors in its calculation for a 100-year sentence.

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