SBF may only be sentenced to 25 years in prison, not the maximum

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CNBC quoted a statement from a former government prosecutor on November 4 as saying that former FTX CEO Sam Bankman-Fried (SBF) may not be sentenced to the maximum prison term.

SBF

Sam Bankman-Fried (SBF) – Former CEO of FTX

Former U.S. Justice Department prosecutor Renato Mariotti expects Bankman-Fried to spend 20 to 25 years in prison. By comparison, Bankman-Fried’s maximum possible sentence is typically 110 to 115 years.

Mariotti suggested that twenty years was still a harsh sentence. Mariotti noted that Bankman-Fried committed a “tremendous” fraud through FTX and allegedly lied on the witness stand. Mariotti said Judge Lewis Kaplan was likely to be more sympathetic to the victims than Bankman-Fried was when he handed down the sentence.

Mariotti said in a statement to CNBC:

“Federal sentencing guidelines may be very high, but that’s just… the judge needs to consider all the circumstances surrounding SBF and his criminal conduct.”

Another former prosecutor, former Assistant U.S. Attorney Kevin J. O’Brien, gave a similar estimate. He said Bankman-Fried’s sentence could be “between 15 and 20 years” because judges have discretion in sentencing. O’Brien also said Bankman-Fried’s relatively young age may have prompted Judge Kaplan to give him the chance to serve life in prison after he is released from prison. The former CEO of FTX is 31 years old.

The experts did not comment on other clemency possibilities, such as the possibility that Bankman-Fried could serve part of his sentence under house arrest or that the months he spent in prison would count toward his sentence. sex.

Others expected harsher sentences

Another legal expert said Bankman-Fried could receive a harsher sentence. Yesha Yadav, a law professor and associate dean at Vanderbilt University, believes Bankman-Fried’s sentence may be closer to the maximum 110 years in prison.

Yadav noted that many different factors can increase a sentence, such as the number of customers harmed, the size of the fraud as measured by its dollar value, the severity of the damage and other factors. The jury quickly reached a unanimous decision on Bankman-Fried’s sentence. guilty. Yadav acknowledged, however, that Bankman-Fried was still young and the former executive’s crimes were not violent, which could lead to a reduced sentence.

Another report in Forbes cited Epner and Vermont Law School professor Jared Carter, another legal expert who expected a harsh sentence. Carter said he would be surprised if Bankman-Fried was sentenced to less than 25 years in prison.

Bankman-Fried also faces a second trial related to financing U.S. campaigns and bribing Chinese officials, which could extend his prison sentence.

On November 2, the former operator was found guilty of all seven current charges, mainly related to the FTX fraud. He will be sentenced on March 28, 2024.

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