Attorney Criticizes Proposed Sentence for Sam Bankman-Fried

Sam Bankman-Fried’s attorney has strongly denounced the proposed 100-year prison term recommended by probation officers, labeling it as “grotesque” and “barbaric.”

Rebuke of Probation Office Recommendations

In a sentencing memorandum filed on Tuesday, attorney Marc Mukasey expressed vehement opposition to the probation office’s sentencing recommendation. Mukasey argued that the suggested punishment vastly exaggerates the severity of Bankman-Fried’s offenses and called for a more lenient approach.

Disputed Severity of Offenses

According to Mukasey, the victims of the cryptocurrency exchange FTX, founded by Bankman-Fried, are expected to fully recover their losses. He asserted that the proposed sentence fails to reflect the circumstances accurately and urged the court to dismiss the probation office’s recommendation.

Advocating for Leniency

Instead of the recommended 100-year term, Mukasey proposed a significantly shorter sentence of five to six-and-a-half years for Bankman-Fried. He emphasized Bankman-Fried’s philanthropic endeavors and commitment to others as factors that should be considered in sentencing.

Goal of Reintegration

Mukasey stressed the importance of a sentence that facilitates Bankman-Fried’s prompt return to society in a productive capacity. He argued that such a sentence would align with the objectives of sentencing, balancing punishment with the opportunity for rehabilitation.

Legal Background

In November, Bankman-Fried was found guilty on seven counts of fraud and conspiracy, facing a potential maximum sentence of 110 years in prison. His sentencing is scheduled for March 28, with the outcome poised to have significant implications for his future.

Absence of Comment from Bankman-Fried’s Representatives

At the time of the report, representatives for Bankman-Fried had not responded to requests for comment from Business Insider, indicating a reserved stance on the matter amid ongoing legal proceedings.