1 year ago
Former FTX CEO Sam Bankman-Fried has been denied an adjourned sentencing hearing, according to a tribunal filing dated Dec. 20.
Bankman-Fried’s ineligible squad requested the sentencing proceeding to beryllium adjourned for 4 to six further weeks, which would postpone sentencing into May 2024. Bankman-Fried’s sentencing day is presently acceptable for March 28, 2024.
Lawyers stated that Bankman-Fried’s defence needs further clip to cod materials needed for the sentencing submission and to hole for an upcoming pre-sentencing interrogation that is scheduled for Dec. 21.
Lawyers additionally argued that the sentencing process should not statesman until different charges omitted from Bankman-Fried’s earlier proceedings are resolved. Those charges, successful part, impact allegations of overseas bribery and run concern violations and volition beryllium addressed successful a proceedings scheduled for March 11, 2024.
Judge Lewis Kaplan denied the request. He noted that Bankman-Fried has already been granted 1 hold to supply much clip to record condemnation submissions. That petition was granted connected Nov. 18, according to past reports.
Judge Kaplan besides stated that the existent sentencing day was acceptable without objection from the defendant. He added that Bankman-Fried has had much than six weeks to hole for the pre-sentencing interrogation acceptable to instrumentality spot Thursday.
SBF was convicted successful November
Bankman-Fried was convicted connected Nov. 2 of each counts related to fraud and different crimes astatine FTX and its sister firm, Alameda Research.
Though Bankman-Fried faces a maximum condemnation of 110 years successful prison, galore ineligible experts judge helium volition person a considerably shorter sentence. Some estimates suggest that helium mightiness service less than 25 years successful prison.
Four different erstwhile executives astatine FTX and related companies person besides reached blameworthy pleas with U.S. prosecutors. Though those executives reached plea deals with the intent of receiving lenient oregon nary sentencing, each woody partially allows for sentencing. Only FTX DM co-CEO Ryan Salame is known to person a sentencing day astatine present; his sentencing proceeding is acceptable for March 6, 2024.
The station Sam Bankman-Fried’s petition to postpone sentencing until May 2024 denied appeared archetypal connected CryptoSlate.
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