Fun

As Sam Bankman-Fried’s sentencing approaches, letters invoking vegan lifestyle call for leniency

News Feed - 2024-03-27 07:03:59

Turner Wright1 hour agoAs Sam Bankman-Fried’s sentencing approaches, letters invoking vegan lifestyle call for leniencyOn March 28, Judge Lewis Kaplan will decide how long former FTX CEO Sam Bankman-Fried will remain in prison following his conviction on seven felony counts.1202 Total views14 Total sharesListen to article 0:00NewsOwn this piece of crypto historyCollect this article as NFTJoin us on social networksAdvocates for Sam “SBF” Bankman-Fried, expected to be sentenced on March 28 following his conviction on seven felony counts, have called for leniency for the former FTX CEO.


In letters filed in United States District Court for the Southern District of New York on March 26, five individuals called on Judge Lewis Kaplan to impose a light sentence on SBF. The letters, from people who knew Bankman-Fried personally or were impacted by the collapse of FTX, highlighted SBF’s vegan lifestyle, his experience dealing with autism, and the exchange’s plan to repay users.


Dr. Adam Hesterberg, who lived with SBF from 2012 to 2014, argued the former FTX CEO should receive “leniency in his sentence” based in part on converting half of their household to vegetarianism or veganism. Others who did not know the CEO personally suggested that Judge Kaplan consider Bankman-Fried’s atypical “personality traits” in and out of the courtroom.


“I can speak from experience that the mind of those on the spectrum works differently,” said Maria Centrella, a mother of a child diagnosed with autism. “Though I have never met Sam, I firmly believe that while he may be an MIT grad - he did not fully understand the scope of what was going on and did not have malicious intent.”Source: Courtlistener


Prosecutors submitted a sentence recommendation that Bankman-Fried serve between 40 and 50 years for his role in misusing funds at FTX and Alameda Research. SBF’s lawyers recommended he serve 6.5 years behind bars. The maximum allowable sentence gives Judge Kaplan the discretion to sentence SBF for up to 110 years, but many have suggested that this outcome is unlikely.


Related:SBF says proposed 50-year sentence casts him as ‘depraved super-villain’


Bankman-Fried’s immediate family and others submitted similar character references to the judge in February, claiming that throwing him in prison would be “draconian” and present the risk of physical danger given his personality. Many of the letters do not mention the impact the collapse of FTX had on investors, who lost access to millions of dollars.


“SBF does not deserve to get off lightly for his crimes because of the ‘autism defence,’” said AutismBC Director Lucas Gates in a Feb. 28 X post. “He knew what he did was fraud, and he should go to prison for the rest of his days.”


The former FTX CEO has been in prison since Judge Kaplan revoked his bail in August 2023 following alleged attempts to influence or intimidate witnesses in his criminal case. In November, a jury convicted Bankman-Fried on all seven counts after a month-long trial.


Magazine:‘Less flashy’ Mashinsky set for less jail time than SBF: Inner City Press, X Hall of Flame# Court# Crimes# Sam Bankman-Fried# FTX# RegulationAdd reactionAdd reactionRead more‘Ripple is well-positioned to pay a significant civil penalty,‘ says SECUS lawmakers demand SEC clarify position on Prometheum’s plans for EtherKuCoin says user assets are unaffected by US SDNY indictment

News Feed

Ethereum Reclaims $2,444 Level – Bullish Continuation In Focus
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu
Bank of Israel: Adoption of CBDC Will Not Materially Affect the Banking System
Bank of Israel: Adoption of CBDC Will Not Materially Affect the Banking System Israel’s central bank says the public’s adoption of the digital shekel is not expected
Floki Inu roadmap reveals plans for regulated bank accounts
Amaka Nwaokocha31 minutes agoFloki Inu roadmap reveals plans for regulated bank accountsFloki expands beyond memecoin status by introducing debit cards, digital accounts, and educational platforms for users.310 Total vie
German Authorities Can’t Access Bitcoins Worth $65 Million ‘Seized’ From Hacker
German Authorities Can"t Access Bitcoins Worth $65 Million "Seized" From Hacker German authorities have been unable to gain access to more than 1,700 bitcoins be
Bitget Gives Investors an Edge With a Series of Crypto Social Trading Features
Bitget Gives Investors an Edge With a Series of Crypto Social Trading Features sponsored For most retail investors, trading has traditionally been a solitary exercise, making the ba
Another Bank Run Highlights China’s Brewing Financial Crisis
Another Bank Run Highlights China’s Brewing Financial Crisis A regional lender has become the latest victim of the growing liquidity crunch in the world’s most populous c
Director of Listed Chinese Company Embezzles $8 Million, Uses Funds to Purchase Bitcoin Mining Rigs
Director of Listed Chinese Company Embezzles $8 Million, Uses Funds to Purchase Bitcoin Mining Rigs A Chinese prosecutor is reported to have given a thumbs up to the arrest of a li
Bitcoin return to $71K would wipe $1.38B shorts
Ciaran LyonsJun 08, 2024Bitcoin return to $71K would wipe $1.38B shortsIf Bitcoin returns to the price it had been hovering around for the previous two days before the slight dip, it would wipe out a considerable number
Voters weigh in on US presidential debate — Will Trump or Biden mention crypto?
Turner Wright9 hours agoVoters weigh in on US presidential debate — Will Trump or Biden mention crypto?Many crypto users are calling on CNN moderators Jake Tapper and Dana Bash to ask the two candidates at least one qu
SEC Chairman Says Important to Regulate Crypto Issuers and Intermediaries
SEC Chairman Says Important to Regulate Crypto Issuers and Intermediaries The chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, has stressed the importan
Social Media Loves Cardano, But The Chart Signals Caution
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu
Hong Kong flags 7 unregulated crypto exchanges for noncompliance
Arijit Sarkar13 hours agoHong Kong flags 7 unregulated crypto exchanges for noncomplianceThe Hong Kong Securities and Futures Commission added seven crypto trading platforms to its alert list for operating without licens