SBF legal representatives knock ‘death-in-prison' sentence proposition mentioning absence of losses Oluwapelumi Adejumo · 5 days ago · 2 minutes checked out
SBF defense argued that no concrete losses took place. They are looking for a lowered 78 month sentence rather.
2 minutes checked out
Upgraded: Mar. 20, 2024 at 10:40 am UTC
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Sam Bankman-Fried's (SBF) legal representatives have actually greatly slammed the Department of Justice's sentencing memorandum in a March 19 letter to Judge Lewis Kaplan.
In the letter, the legal representatives explained the DOJ's proposed optimum sentence of 50 years jail time for SBF as “troubling” and “with significant hostility.”
According to the attorneys:
“The memorandum misshapes truth to support its valuable “loss” story and casts Sam as a base super-villain; it credits to him dark and megalomaniacal intentions that contradict the record; it makes apocalyptic predictions of recidivism; and it embraces a middle ages view of penalty to reach what totals up to a death-in-prison sentencing suggestion.”
They even more argued that the federal government's memorandum totally disregards SBF's condition and vulnerabilities, including that the proposed sentencing was the federal government's effort to “break Sam Bankman-Fried” as there has actually been no “federal offender founded guilty of a non-violent offense who served a 40-50 year sentence and was launched.”
Lowered sentencing
SBF's legal group provided a series of arguments to promote for a minimized sentence for him.
They competed that there were no concrete losses considering that the insolvency procedures would guarantee complete restitution to all consumers and lending institutions.
The attorneys composed:
“There were never ever losses. The cash has actually constantly been offered. Possessions stay. Each victim priced quote in the federal government's opposition will get 100 cents on the dollar– plus interest. This would be difficult if the estate's possessions had actually vanished into Sam's individual pockets.”
They rebutted the prosecution's representation of Bankman-Fried as being inspired by greed. They highlighted his humanitarian ventures, mentioning that SBF had actually provided his revenues away before developing the stopped working crypto entities FTX and Alameda Research.
They challenged the federal government's assertion that Bankman-Fried presented a substantial danger of re-offending, pointing out research study showing low rates of recidivism amongst white-collar, informed people with tidy previous records.
“Offenders without any criminal history, like Sam, are the least most likely to re-offend. Nor does offense level forecast recidivism. And wrongdoers with a college education are less most likely to recidivate,” they concluded.
They proposed a decreased sentence of an optimum of 78 months, comparable to 6.5 years, for their customer.
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