SBF lawyers plead for 5-7 year sentence calling possibility of 100 years "grotesque"

Cal Jeffrey

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WTF?! Sam Bankman-Fried was living the high life in a private villa in the Bahamas, sipping on piña coladas, and rubbing elbows with celebrities and other billionaires. But his lawyers say poor old Sam was miserable that whole time. The courts should take pity because he has a "condition" that no regular person has heard of that makes him incapable of enjoying anything. No. Really. You can't make this up. Read on.

Blockchain Bro and now convicted felon Sam Bankman-Fried begs the court for mercy as his sentencing approaches. A jury found SBF guilty on seven counts of fraud and money laundering last November after his shenanigans with investors' money collapsed the FTX crypto-trading platform. The convictions could rack up over 100 years for the entrepreneur-turned-scam artist.

In the face of what amounts to a life sentence, and with another trial on the docket for five more charges scheduled for late March, Bankman-Fried's attorneys petitioned the judge for a reduced sentence of 63 to 78 months or roughly 5 to 7 years. His lawyers paint a picture of a loveable near saint-of-a-man in their 98-page memorandum filed on Tuesday.

"Sam is not the 'evil genius' depicted in the media or the greedy villain described at trial," the court document reads. "He is a 31-year-old son, brother, friend, humanitarian, and philanthropist ... He does not use drugs, rarely drinks alcohol, and has never had any involvement with the criminal justice system before this case."

The memorandum also maintains that Bankman-Fried is innocent of all charges while simultaneously acknowledging the pain he has caused. Yes, we had to read that twice, too.

"Those who know Sam also know how deeply, deeply sorry he is for the pain he caused over the last two years [page 11] ... Sam acknowledges the jury's service in this matter, he respectfully maintains his innocence, and he intends to appeal his convictions [page 19]."

The document reads like a mishmash of every plausible defense his lawyers could dream up, including pleading for sympathy for SBF's own suffering and mental illness.

"Those who know Sam are sensitive to the tragic fact that nothing in life brings him real happiness," it states. "Sam suffers from anhedonia, a severe condition characterized by a near-complete absence of enjoyment, motivation, and interest. He has been that way since childhood."

The memorandum comes on the heels of a presentence investigation report (PSR) from a probation officer advising to sentence SBF to 100 years. Bankman-Fried's lawyers called the recommendation "grotesque" because it was based on victims losing $10 billion. The document contends that the victims will recover "a hundred cents on the dollar" from bankruptcy proceedings. His lawyers opined that 100-year sentences should be reserved for the "heinous conduct" of terrorists and pedophiles, citing two federal cases against al-Qaeda and a child abuse/pornography case.

The PSR doesn't carry a lot of weight. It's merely an opposing voice bearing as much importance as the character statements submitted on SBF's behalf. More critical are the prosecutors' recommendations. They could seek the maximum penalty of 110 years. Even still, the judge gets the final say after reviewing all post-conviction motions and statements. The New York Times notes that legal experts expect a sentence of between 20 and 50 years with reductions allowed for good behavior.

Prosecutors have until March 15 to submit their recommendation, and the judge will render his decision on March 28, the day SBF's second trial starts.

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he has suffered more than his victims
That's an atrocious lie! How many people committed suicide after they lost everything - they won't even tell us, I bet there were a few. He quite literally destroyed lives of so many people. He deserves life sentence.

Otherwise, what's next? - Release after 3 months for good behavior? That's travesty of justice.
 
The guy did nothing wrong, he didnt force anyone to give him money. I say give him 25 days jail time for having a ugly haircut & being a leftie.

Bitcoin is a scam that are insitigated to collect personal details & account info & air money, buying/dealing with bitcoin is like dealing with a Nigerian prince.
 
The guy did nothing wrong, he didnt force anyone to give him money. I say give him 25 days jail time for having a ugly haircut & being a leftie.

Bitcoin is a scam that are insitigated to collect personal details & account info & air money, buying/dealing with bitcoin is like dealing with a Nigerian prince.
Every white-color scam artist has a bunch of conservatives defending him for using tactics similar to theirs to defraud people.

If this imbecile was a poor schlub who stole a loaf of bread, the conservatives and their sycophants would be asking for his head.
 
OK, I'm fine with 50 years sentence. But seriously, way too many businesses today are straight out of Sopranos episode. After the collapse of US housing market, all those hedge funds are trying to find Their new speculation market, and They just won't, cause There'se not enough value in cars, or electronics, or energy, or wheat, or milk, or soy, or corn, or anything. Housing simply takes too much of our income to be challenged by anything else in the portfolio of some Black Rock Fund. I believe, like bitcoin, AI will eventually fail, and Those nvidia share owners will be crying wolf at Jensen. Will He ask for better treatment at Supermax after market pulls us down to middle ages? That's kind of hyperbole, don't scream at Me.
 
Every white-color scam artist has a bunch of conservatives defending him for using tactics similar to theirs to defraud people.

If this imbecile was a poor schlub who stole a loaf of bread, the conservatives and their sycophants would be asking for his head.

It's not just the whites, but there's a certain amount of people who imagine or dream or admire being the smart one in a scam, so feel no problem immediately blaming victims for being too stupid.
 
How many years do murders get? Not 100 years per offence.

Seems those defending the capitalist systems care more about money than lives.

Ask yourself, what deserves more jail. Someone that kills your family or someone that steals the money you invested.
 
How many years do murders get? Not 100 years per offence.

Seems those defending the capitalist systems care more about money than lives.

Ask yourself, what deserves more jail. Someone that kills your family or someone that steals the money you invested.
Who deserves more jail time? someone who kills your family or someone who defrauds your family, and hundreds of thousands of others, out of their retirements and life savings?

IMO both deserve the death penalty, but that's neither hear nor there. Bringing up murder is pure whataboutism, both are very different crimes and both are terrible. Financial crimes tend to get massive sentences because of the sheer number of victims, whose lives are often ruined, and for eroding the trust in our financial system which can lead to many more people making terrible decisions that ruin their futures and retirements.
The guy did nothing wrong, he didnt force anyone to give him money. I say give him 25 days jail time for having a ugly haircut & being a leftie.

Bitcoin is a scam that are insitigated to collect personal details & account info & air money, buying/dealing with bitcoin is like dealing with a Nigerian prince.
Factually incorrect. He lied about the state of his company to get people to invest, promoted false information to attract investors in the form of fake investment accounts, co mingled customer funds with another company without permission, the list goes on.

Those are, believe it or not, CRIMES.
 
If it's true, good on that guy, but how does someone with anhedonia even have enough motivation to become CEO of anything?
I doubt he has it, its yet another claim thrown out by a desperate defense that is trying anything to keep their client out of an effective life sentence. It's also false, he has admitted in multiple interviews that he greatly enjoyed the thrill of gambling via alimeta research.

Besides, even if he DOES have anhedonia, that doesnt justify ruining people's lives and stealing billions. Smells a lot like the "my son is autistic so he didnt know it was wrong to shoot an innocent person for no reason" arguments you occasionally see pop up.
 
I got interesting idea. We could give him my mouse, let him play Apex and release him from prison and let him keep all money when he get apex predator rank. Spoiler alert, middle age punishments are tame compared to this...
 
Why? I mean yes Trump would have cooked up some lie about the judge and prosecutor being corrupt agents of the Biden ‘regime’, but the desperate attempt at maintaining a victim position when you’re the one causing harm is entirely similar?
Wtf are you talking about??
 
The guy did nothing wrong, he didnt force anyone to give him money. I say give him 25 days jail time for having a ugly haircut & being a leftie.

Bitcoin is a scam that are insitigated to collect personal details & account info & air money, buying/dealing with bitcoin is like dealing with a Nigerian prince.

Where did you come up with this nonsense ?
 
The guy did nothing wrong, he didnt force anyone to give him money. I say give him 25 days jail time for having a ugly haircut & being a leftie.

Bitcoin is a scam that are insitigated to collect personal details & account info & air money, buying/dealing with bitcoin is like dealing with a Nigerian prince.

Blackrock currently holds 3 billion $ worth of Bitcoin....
Probably time you move past the scam claims. It's a legitimate investment.
There are scammers and scams in crypto but BTC ain't one of them.
 
Considering how many lives he ruined, not to mention how many people committed suicide over being ruined by him, he deserves nothing less than a death sentence with the most popular and painful means necessary .....
 
The guy did nothing wrong, he didnt force anyone to give him money. I say give him 25 days jail time for having a ugly haircut & being a leftie.

Bitcoin is a scam that are insitigated to collect personal details & account info & air money, buying/dealing with bitcoin is like dealing with a Nigerian prince.

“He didn’t force anyone to give him money” has to be one of the dumbest comments I’ve ever read on this site.

Yes he did not *physically* march them to an ATM and demand they withdraw cash but he lied about the state of his company, the risks and the protections he had for their capital. He committed fraud on a grand scale. Not every crime involves a guy with a gun. Jesus.
 
Minimum 15 years after possible time off for good behavior, before first chance at probation. Sentences to run in parallel.

You life/death sentence people are being silly.

 
This guy should be taken to the top of the tallest building in the world and given two options
1: Take a lead injection to the base of the skull and if you survive you're free to go or
2: Jump and if you survive the fall you're free to go

why waste tax payer money keeping him in jail
 
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