Though potentially facing up to 110 years in prison, Sam Bankman-Fried could be sentenced by Judge Lewis Kaplan to 15-25 years based on his case, according to some lawyers.
Lawyers representing Sam “SBF” Bankman-Fried are expected to submit their sentencing recommendation for the former FTX CEO on Feb. 27, and crypto users have thoughts.
On Nov. 3, a jury convicted Bankman-Fried of seven felony counts, some carrying a potential sentence of up to 20 years in prison. Judge Lewis Kaplan will receive sentencing recommendations from SBF’s lawyers on Feb. 27 and prosecutors on March 15 and will decide the fate of the former FTX CEO.
SBF’s conviction on two counts of wire fraud, two counts of wire fraud conspiracy, one count of securities fraud, one count of commodities fraud conspiracy and one count of money laundering conspiracy could land the former CEO in prison for roughly 110 years if given the maximum sentence. However, as many lawyers and former prosecutors have pointed out following Bankman-Fried’s conviction, judges are unlikely to impose the maximum penalty except in extraordinary circumstances.
