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 just making an attempt to scale back his jail sentence. Prosecutors have recommended 40 to 50 years.
To make issues worse for Bankman-Fried, the present CEO mentioned all of this in a letter he despatched to the choose.
Bankman-Fried might effectively find yourself performing some severe jail time.
Breitbart News studies:
Present FTX CEO Says Disgraced Fraudster Sam Bankman-Fried’s Regret Is ‘Nonexistent’
In a scathing letter to Choose 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 “vast” and his regret is “nonexistent.”
Ars Technica studies that Sam Bankman-Fried, the disgraced founding father of the now-collapsed cryptocurrency change 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 Choose 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 live a life of delusion” by claiming that the “most reasonable estimate of loss” and “harm” to prospects, lenders, and traders is “zero.” In actuality, Ray has labored tirelessly to get better $10 billion in misplaced funds. Ray emphasizes the monumental job of addressing these claims and lowering them to their correct and “allowed” quantity, stating that Bankman-Fried is “wrong, very wrong” to imagine it’s a “breeze.”
The choose might be going to take all of this under consideration at sentencing and that’s very unhealthy information for SBF.
He may not get 50 years however he received’t get 5 or 6 both.
