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https://www.cnbc.com/2024/03/27/par...lost-130000-asks-judge-to-go-easy-on-sbf.html
MacKenzie Sigalos
@KENZIESIGALOS
Dan Mangan
@_DANMANGAN
WATCH LIVE
KEY POINTS
Manhattan U.S. Attorney Damian Williams has said Bankman-Fried was the mastermind of “one of the biggest financial frauds in American history.”
Jurors reached their verdict after only about three hours of deliberations. For a high-profile monthlong trial that involved nearly 20 witnesses and hundreds of exhibits, experts told CNBC they’d never seen such a speedy decision.
Bankman-Fried plans to appeal his conviction and sentence.
SBF sentencing live updates: FTX founder in New York federal court
PUBLISHED THU, MAR 28 2024 9:34 AM EDTUPDATED 13 MIN AGOMacKenzie Sigalos
@KENZIESIGALOS
Dan Mangan
@_DANMANGAN
WATCH LIVE
KEY POINTS
- FTX founder Sam Bankman-Fried will be sentenced on fraud charges in New York federal court.
- He was convicted in November on seven counts against him tied to the collapse of his crypto exchange and a related hedge fund.
- Federal prosecutors want Bankman-Fried sentenced to between 40 to 50 years in prison.
- His defense team has suggested a sentence of much less than that, of between five to six-a-half years behind bars, from Judge Lewis Kaplan.
Manhattan U.S. Attorney Damian Williams has said Bankman-Fried was the mastermind of “one of the biggest financial frauds in American history.”
Jurors reached their verdict after only about three hours of deliberations. For a high-profile monthlong trial that involved nearly 20 witnesses and hundreds of exhibits, experts told CNBC they’d never seen such a speedy decision.
Bankman-Fried plans to appeal his conviction and sentence.
