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Former FTX CEO Sam Bankman-Fried Denied Sentencing Delay and Faces Up to 110 Years in Prison

Judge denied former FTX CEO Sam Bankman-Fried a sentencing delay on Wednesday

Judge Lewis Kaplan denied former FTX CEO Sam Bankman-Fried a sentencing delay on Wednesday, adding to the legal saga surrounding him.

Bankman-Fried’s legal team had asked for more time to prepare for his sentencing and possibly another trial. However, his request for an extension was denied, paving the way for his sentencing on March 28. The ex-CEO faces a sentence of up to 110 years in prison.

The defense team requested more time to gather materials and prepare for possible additional charges. These previously dropped charges allege that Bankman-Fried provided around $100 million to politicians.

Despite the possibility of extradition from the Bahamas, US Attorney General Damian Williams is determined to pursue these resurrected charges.

The defense argued that sentencing should be delayed until the new charges were resolved. However, Judge Kaplan dismissed this plea, claiming that ample preparation time had already been provided.

The high-profile trial took place in New York and ended with a guilty verdict just before the one-year anniversary of FTX’s demise. The denial of a sentencing delay complicates Bankman-Fried’s legal situation even more.

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Roland is a Public Relations & Communications guru with an immense passion for the blockchain and crypto industry. A fusion of his expertise and passion led to the dawn of Optimisus in 2020.