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FTX Founder’s Lawyer Fights Back Against Outrageous 100-Year Sentence Recommendation

FTX founder, Sam Bankman-Fried, faces a possible 100-year prison sentence for alleged cryptocurrency crimes, a term his lawyer deems "grotesque" and "barbaric." The lawyer argues that a few years behind bars would be more appropriate for the California man. Despite prosecutors' claims of cheating investors, the defense believes a sentence of 5 to 6 1/2 years aligns more with federal guidelines. Bankman-Fried's lawyer emphasizes his charitable works and character, urging the judge to consider a more lenient sentence that would reintegrate him into society promptly.

Staff Editor February 28, 2024

The recent news buzzing around the FTX founder, Sam Bankman-Fried, has certainly stirred up quite the commotion. A suggested 100-year prison sentence for alleged cryptocurrency crimes has led to a heated debate over the appropriateness of such a harsh punishment. Bankman-Fried’s lawyer, Marc Mukasey, wasted no time in firing back, calling the proposed sentence “grotesque” and “barbaric.”

In a last-minute filing before the sentencing deadline, Mukasey argued that the Probation office had improperly calculated federal sentencing guidelines, leading to a recommendation just shy of the maximum 110-year sentence. He contended that a more reasonable term of a few years behind bars would be appropriate for the crimes in question, which Bankman-Fried still vehemently disputes.

The looming sentencing date of March 28th has everyone on edge, waiting to see how Judge Lewis A. Kaplan will rule in this high-profile case. Mukasey made a compelling case for a much lighter sentence, citing Bankman-Fried’s charitable endeavors and dedication to helping others as reasons to return him to society promptly. With a team of five lawyers collaborating on the 90-page document, Mukasey left no stone unturned in his defense of his client.

Disputing the media’s portrayal of Bankman-Fried as a ruthless billionaire driven by greed, Mukasey painted a different picture of a compassionate individual wracked with remorse over the fallout from his business ventures. Bankman-Fried’s parents echoed this sentiment, emphasizing their son’s genuine concern for the harm caused by the FTX implosion.

As the legal battle rages on, one thing is clear: the fate of Sam Bankman-Fried hangs in the balance. Will Judge Kaplan heed Mukasey’s plea for a more lenient sentence, or will the specter of a 100-year prison term become a reality? Only time will tell how this high-stakes drama will unfold, but one thing is for sure – the world will be watching with bated breath to see how justice is ultimately served in this complex and contentious case.