“He spent his customers’ money and he lied to them about it. Where did the money go? The money went to pay for investments, to repay loans, to cover expenses, to purchase property, and to make political donations,” Roos said last year. During the sentencing hearing, he went further, saying, …
With trial by combat out of the question (at least, for now), Bankman-Fried will have to serve his time the old-fashioned way. Kaplan did take his autism diagnosis and gentle nature into account in one regard – he recommended that Bankman-Fried be placed in a medium or low-security federal prison, …
Defense lawyers argued, on the other hand, that Bankman-Fried didn’t intend to defraud customers, had shown remorse and had attempted to resolve FTX’s bankruptcy after it began, saying the DOJ’s proposal was extreme. Their supporting letters spoke more to Bankman-Fried as a person than to FTX and its collapse, with …
The stage is set for a federal judge to determine how long Sam Bankman-Fried may spend in prison. The U.S. Department of Justice and defense attorneys have now both filed their arguments, as well as statements from FTX creditors (from the prosecution) and Bankman-Fried’s family and friends (from the defense). …
One of them, which appears to have been written after FTX filed for bankruptcy, includes a list of options for how Bankman-Fried could address the bankruptcy situation. The options ranged from blaming the attorneys, appearing on former Fox News host Tucker Carlson’s show and “coming out as a Republican” or …