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Cryptocurrencycriminal Justice

All articles tagged with #cryptocurrencycriminal justice

cryptocurrencycriminal-justice1 year ago

"Sam Bankman-Fried Appeals for Leniency, Citing FTX Fund Recovery and Autism"

Sam Bankman-Fried's lawyer is urging a lenient sentence for the FTX founder, who faces a maximum of 110 years in prison after being found guilty of stealing $8 billion from customers. The lawyer argues that most funds will be recovered and that Bankman-Fried never intended to steal. Bankman-Fried's parents and psychiatrist have provided letters of support, emphasizing his efforts to make customers whole after FTX's collapse. The sentencing is set for March 28, and the U.S. Attorney's office is expected to make its own recommendation by March 15.

cryptocurrencycriminal-justice2 years ago

FTX's Bankman-Fried Denied Vegan Diet and Medication in Jail, Lawyers Claim

Sam Bankman-Fried, the founder of cryptocurrency exchange FTX, is reportedly "subsisting on bread and water" in jail as the facility has not provided him with a vegan diet as requested, according to his lawyer. Bankman-Fried, who pleaded not guilty to seven criminal charges related to fraud, has also faced issues with inadequate food and medication, hindering his ability to prepare for his upcoming trial. The former billionaire had his bail revoked after being accused of tampering with witnesses. The new indictment against him charges him with fraud and conspiracy over the collapse of FTX. Bankman-Fried has denied stealing customer funds but acknowledged inadequate risk management.