The brand new CEO of FTX is claiming that former CEO and convicted fraudster Sam Bankman-Fried has no regret over his crimes and is barely making an attempt to cut back his jail sentence. Prosecutors have beneficial 40 to 50 years.
To make issues worse for Bankman-Fried, the present CEO stated all of this in a letter he despatched to the decide.
Bankman-Fried might properly find yourself performing some severe jail time.
Breitbart Information experiences:
Present FTX CEO Says Disgraced Fraudster Sam Bankman-Fried’s Regret Is ‘Nonexistent’
In a scathing letter to Decide Lewis Kaplan, FTX Buying and selling CEO John Ray alleges that disgraced FTX founder Sam Bankman-Fried made “callously” and “demonstrably false” claims in his sentencing memo to safe a lighter jail time period. In accordance with Ray, the hurt brought on by SBF is “huge” and his regret is “nonexistent.”
Ars Technica experiences that Sam Bankman-Fried, the disgraced founding father of the now-collapsed cryptocurrency alternate FTX, has been accused of repeatedly mendacity in his sentencing memo to keep away from what he considers a “grotesque” 110-year most jail time period. In an in depth letter to Decide Lewis Kaplan, FTX Buying and selling CEO John Ray alleges that Bankman-Fried made a number of false claims to color himself in a greater mild and scale back his sentence to simply 5 to 6 years, regardless of prosecutors suggesting a sentence between 40 and 50 years.
Ray states that Bankman-Fried “continues to reside a lifetime of delusion” by claiming that the “most cheap estimate of loss” and “hurt” to clients, lenders, and traders is “zero.” In actuality, Ray has labored tirelessly to recuperate $10 billion in misplaced funds. Ray emphasizes the monumental job of addressing these claims and decreasing them to their correct and “allowed” quantity, stating that Bankman-Fried is “unsuitable, very unsuitable” to imagine it’s a “breeze.”
The decide might be going to take all of this into consideration at sentencing and that’s very dangerous information for SBF.
He won’t get 50 years however he received’t get 5 or 6 both.
