More than 500 days after FTX filed for bankruptcy, the world will soon learn whether former CEO Sam Bankman-Fried remains in prison for decades or receives a lenient sentence.
On March 28, former FTX CEO Sam “SBF” Bankman-Fried will face a judge and learn whether his time in federal prison is ending or just beginning following his conviction on seven felony charges.
Judge Lewis Kaplan will hear from prosecutors and SBF’s attorneys in United States District Court for the Southern District of New York for one of the last times the former FTX CEO will appear in person as part of his criminal case. The sentencing hearing will likely conclude the matter, which started with the collapse of FTX in November 2022 and continued with Bankman-Fried’s arrest, extradition, trial and conviction.
In November 2023, a jury found SBF guilty of charges that included wire fraud, securities fraud, commodities fraud and money laundering. The former CEO’s lawyers were the first to file a sentencing recommendation, suggesting that SBF serve 6.5 years in prison for his actions that led to FTX investors losing access to millions of dollars.
