FTX founder SBF asks for a 6.5-year sentence, tells prison guards to invest in Solana
A report published in the NYT claimed SBF is giving investment advice to prison guards, reportedly asking them to invest in Solana.
The legal counsel for former FTX CEO Sam “SBF” Bankman-Fried filed a memo in the United States District Court in Manhattan requesting the federal judge issue a prison sentence of five and a quarter and six and a half years. SBF is facing a maximum of 110 years after a jury found him guilty of multiple counts of fraud and money laundering in November last year.
SBF was indicted on two counts of wire fraud, two counts of wire fraud conspiracy, one count of securities fraud, one count of commodities fraud conspiracy and one count of money laundering conspiracy. The federal judge, Lewis A. Kaplan, overseeing the SBF case is scheduled to announce sentencing on March 28.
While federal prosecutors are expected to submit their sentencing recommendations on March 15, the Pre-sentence Investigation Report (PSR) has recommended a 100-year sentence for the former FTX CEO.
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