Sam Bankman-Fried, the former cryptocurrency mogul, is set to be sentenced on Thursday, with his legal team and prosecutors presenting vastly different views on the appropriate length of his prison term. Bankman-Fried's lawyers have submitted a final batch of letters pleading for leniency, including one from an MIT classmate, highlighting his character and contributions, and arguing for a sentence of 5 ½ to 6 ½ years based on factors including his autism spectrum disorder diagnosis. In contrast, prosecutors are seeking a much harsher penalty of 40 to 50 years, citing the severity of his crimes, which could have resulted in a sentence of up to 110 years, and reiterating a $1.7 billion loss figure. The case has drawn comparisons to other high-profile financial crimes, including Bernie Madoff's 150-year sentence. The outcome of the sentencing will be closely watched, with market consensus hinting at a potential 20 to 30-year sentence. The judge will have to decide whether Bankman-Fried is a typical financial fraudster or a figure comparable to Bernie Madoff. The court has received 52 victims' statements, including one from a parent of an FTX victim who lost $130,000. Bankman-Fried is currently charged with seven criminal charges.
SBF is asking for 5 years in prison. The prosecutors are seeking 50-60 years. They're literally trying to find the next 10x.
.@SBF_FTX took part in one of the greatest financial crime sprees in history and his case and conviction didn't even cover millions in illegal campaign contributions and political corruption. #SBF #Crypto Today, he needs to be held accountable. @DennisKelleher https://t.co/v03vOWdAo1
How will Sammy's sentence stack up against other white collar fraudsters like Bernie, Lizzie and Alan Stanford ? FT : https://t.co/440AQjTAqJ https://t.co/azdGJutLhC
The judge presiding over Sam Bankman-Fried’s sentencing will have to decide whether he's a run-of-the-mill fraudster or a villain eclipsed only by Ponzi scheme mastermind Bernie Madoff. https://t.co/a8y4XfUczu
Today @SBF_FTX will be sentenced by a New York Court making clear the time he will spend in prison. Can go down memory lane to know what happened in The Bahamas since the collapse of @FTX_Official https://t.co/1K0gTLLrWc
Today @SBF_FTX will be sentenced by a New York Court. Can go down memory lane to know what happened in The Bahamas since the collapse of @FTX_Official https://t.co/1K0gTLLrWc
⚠️ LIVE OUTSIDE COURT: SBF To Get 50 YEARS?!? https://t.co/hO5JZQFzbW
I'm on my way to court for Sam Bankman-Fried's sentencing hearing. Here's my look at the factors the judge will consider, including whether FTX customers are *really* getting their money back and SBF's recently disclosed autism diagnosis. https://t.co/HuXg4BslnY
In line to get into the courtroom for Sam Bankman-Fried’s sentencing. Was surprised to the winner in this poll was less than 20 years. Not sure if that was an expression of cynicism or what. Many experts have a different opinion — link below. https://t.co/ZGRpgkCm0S https://t.co/inGJiFSAt8
CNBC reporter Mackenzie Sigalos said that the sentencing hearing for SBF will be held at 9:30 EST on the 26th floor of the Federal Court in downtown Manhattan. SBF is currently charged with seven criminal charges. Many parties agree that SBF may be sentenced to 20-30 years.…
Ahead of sentencing, SBF's legal team argues for 5-6 years in jail because FTX customers will get money back, per CNBC.
A former crypto mogul will be facing justice soon. No, not SBF, @BarrySilbert 👇 https://t.co/67dHr6wdHm
BREAKING: SBF is about to be sentenced today. He lost BILLIONS in customer #Bitcoin https://t.co/85Iky4MShe
As convicted crypto fraudster Sam Bankman-Fried is sentenced today, we made a video about '9 Crypto Craze Moments'. SBF's sensational downfall is number 8 - check out The List to see what the other landmark moments are (UK only): https://t.co/BCEQXDsNX4
⚠️ WHO IS SAM BANKMAN-FRIED, THE ONETIME CRYPTO MOGUL FACING DECADES IN PRISON? Full Story → https://t.co/4DJCnFZShC A few years after graduating from college, Sam Bankman-Fried grew worried he was not taking enough risks. https://t.co/Gt9xRzNniV
The judge presiding over Sam Bankman-Fried’s sentencing will have to decide whether the fallen crypto mogul is a run-of-the-mill financial fraudster or a Bernie Madoff-style villain https://t.co/arOBRPGcPM
Sam Bankman-Fried will grow old in jail. But don’t forget those who basked in his orbit | Aditya Chakrabortty https://t.co/V1wAAI0pO9
How much prison time for SBF tomorrow?
Column: Sam Bankman-Fried will be sentenced Thursday for his crypto fraud. Throw the book at him https://t.co/RxjWw192nK
Interviews and documents from Sam Bankman-Fried’s trial suggest fraud was built into his crypto exchange from the beginning https://t.co/JXhZcK6S36 via @BW
What’s the o/u on SBF years in jail? 19.5? 20.5?
Sam Bankman-Fried Sentencing "Prosecutors dropped innumerable additional charges related to his massive illegal campaign finance conspiracy to buy politicians, influence elections, and get Washington to sell out the public and do his bidding. Prosecutors actually alleged that…
1/ On the eve of SBF's sentencing, it is important to remember there are people in this space linked to the 2022 market collapse who have not (yet) been prosecuted and through their actions, continue to do harm to bankruptcy victims... @BarrySilbert. https://t.co/TW1EqXR5VT
Ahead of sentencing, SBF team argues for 5-6 years in jail because FTX customers will get money back https://t.co/hB0WoO5EQx
Sam Bankman-Fried claims his autism spectrum disorder means he’s ‘uniquely vulnerable’ and shouldn’t go to prison for 100 years https://t.co/1EQWzKBEE7
The U.S. DOJ has submitted 52 victims' statements to the Attorney’s Office, as Sam Bankman-Fried is scheduled for sentencing on Thursday https://t.co/lzdRGtmTm3
Our @DennisKelleher outlines what's at stake at tomorrow's sentencing of @SBF_FTX - "If the white-collar crime spree is to be ended, justice must be served from the suites to the streets." https://t.co/2mqfNEvzgV https://t.co/CIkwuQW9dg
Parent of FTX victim who lost $130,000 asks judge to go easy on SBF, suggests six years in prison versus DOJ's 40-50 https://t.co/VDYK70N5L3
Last Letter? On Sam Bankman-Fried, 40 to 50 Years in Prison Sought by US Now Reiterates $1.7 Billion Loss Figure - Inner City Press story: https://t.co/BMb6jGpHVK Letter on Patreon here: https://t.co/d8pSBPfUWi
Legal experts outline what to expect at Sam Bankman-Fried's hearing Thursday https://t.co/xCVTBF6FLf
Do we know what time of day SBF’s sentencing trial happens tomorrow?
Market consensus hints at 20-30 years for SBF, but comparisons to Elizabeth Holmes' 11-year sentence spark debate on the fairness of potential outcomes. As a young figure in crypto, SBF's future hangs in balance with his trial spotlighting the gravity & brevity of his actions. https://t.co/FDfkJI8M4q https://t.co/EGJCDYJ1F7
Sam Bankman-Fried’s legal team and parents have been throwing a last minute Hail Mary to the Judge with every excuse possible claiming that Sam has autism, asperger’s, was traumatized seeing his girlfriend testify against him in court, cares TOO much about the world, etc. 😂
VLOG March 27: Sam Bankman-Fried's last minute letters, tomorrow sentencing like Aimee Harris today, for sale of Ashley Biden's diary: no show? OneCoin Mark Scott wants to stay out of jail, SEC v Terraform trial continues. SBF book: https://t.co/9jCW5BVyjA https://t.co/OTgPEitmCA
NEW: Sam Bankman-Fried will be sentenced on Thursday in Manhattan. When @zGuz put Bernie Madoff’s former prosecutor Marc Litt on the spot about whether SBF's potential sentence is unjust, even the seasoned prosecutor was at a loss for words. https://t.co/RUY62qlxSZ
More from the Sam Bankman-Fried sentencing file, MIT edition: "With Sam, a typical 'party' night consisted of cooking food communally and playing a board game of our own creation." Inner City Press aims to live tweet the March 28 sentencing, as it did the trial https://t.co/oa3WMtSYTX https://t.co/txhEhR3lhw
Crypto Criminal: in the run-up to Sam Bankman-Fried's sentencing on March 28, his new lawyers are submitting letters about autism and Aspergers, incl "He has also witnessed his ex-partner and associates testify against him in court... this may have been confusing https://t.co/ciO4O3hCO4 https://t.co/txhEhR3lhw
An overview of SBF's sentencing on Thursday. - SBF's charges could have resulted in a sentence of up to 110 years - Prosecutors are asking for 40-50 years - SBF lawyers are asking for 5 ½ - 6 ½-year - Bernie Madoff was sentenced to 150 years - Elizabeth Holmes was sentenced…
Sam Bankman-Fried files 11th hour plea for mercy as he faces 50 years in prison https://t.co/7sKkX4k1Q1 https://t.co/EH18bPWdPT
Sam Bankman-Fried's lawyers just filed a final batch of letters pleading for leniency, including this one from an MIT classmate who writes that "Sam felt deeply for every living being, farm animals included." Sentencing is on Thursday https://t.co/s0JrAwdWhJ