Weighing sentencing recommendations from prosecutors and defense attorneys, Judge Lewis Kaplan will decide how long Sam Bankman-Fried spends in prison on March 28.
More than 500 days after FTX filed for bankruptcy, the world will soon learn whether former CEO Sam Bankman-Fried remains in prison for decades or receives a lenient sentence.will face a judge and learn whether his time in federal prison is ending or just beginning following his conviction on seven felony charges.
“I think you’re going to see a sentence of, I’m going to handicap about 30 years, is what I think will get — maybe more,” Mark Bini, a former Assistant U.S. Attorney in the Eastern District of New York and current partner at law firm Reed Smith, told Cointelegraph. “There’s a big dispute between the government and the defense about the loss number here — what is the actual amount that was lost, because that’s a big driver of the guidelines.
In the crypto world, former Binance CEO Changpeng “CZ” Zhao has pleaded guilty to one felony count related to failure to maintain an effective Anti-Money Laundering program at the crypto exchange and is scheduled to be sentenced in April. Former Celsius CEO Alex Mashinsky, charged with defrauding and misleading customers, is
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