FTX chief John Ray III wrote a scathing victim impact statement on the exchange's co-founder Sam Bankman-Fried ahead of his sentencing date.
FTX restructuring officer and CEO John Ray III has slammed an attempt from Sam Bankman-Fried’s lawyers to reduce his sentence, arguing victims “have suffered and continue to suffer.”
Ray wrote to Judge Lewis Kaplan on March 20 in a victim impact statement on behalf of FTX and its “millions of creditor victims” to “correct material misstatements and omissions in the sentencing submission” from Bankman-Fried.
The letter comes after Bankman-Fried’s lawyers argued on March 19 that the 40 to 50-year sentencing guide from United States government prosecutors was too harsh.
