“His life in recent times has been certainly one of unmatched greed and hubris; of ambition and rationalization; and courting threat and playing repeatedly with different individuals’s cash,” federal prosecutors in Manhattan wrote. “And even now Bankman-Fried refuses to confess what he did was unsuitable.”
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A jury discovered Bankman-Fried, 32, responsible in November on seven counts of fraud and conspiracy.
Legal professionals for the previous billionaire advised U.S. District Decide Lewis Kaplan {that a} 5-1/4 to 6-1/2 yr jail time period can be
acceptable
. They stated FTX shoppers would get most of their a refund, and that Bankman-Fried didn’t got down to steal.
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Kaplan is scheduled to condemn Bankman-Fried on March 28 in Manhattan federal courtroom. Bankman-Fried plans to attraction his conviction and sentence.
