The guilty verdicts in his criminal trial are just the beginning of the legal perils facing Sam Bankman-Fried, who has a series of new decisions to make in...
The seven guilty verdicts that a Manhattan jury unanimously returned last week against Sam Bankman-Fried are just the beginning of his legal perils.FTX founder Sam Bankman-Fried stands with his lawyers after the verdict was read in his fraud trial, in this courtroom sketch.
One factor that the judge could weigh is whether a longer sentence would deter others from taking similar actions, said“Kaplan could well think that this is a message that needs to be said, not only to this individual, but to a generation,” Auerbach said. Those opportunities will be important, as another common factor that weighs into sentencing is whether a defendant has accepted responsibility for his criminal actions.
FTX founder Sam Bankman-Fried stands as the jury foreperson reads the verdict in his fraud trial over the collapse of the bankrupt cryptocurrency exchange, in this courtroom sketch. REUTERS/Jane RosenbergBankman-Fried’s lawyers successfully argued that the government should not be allowed to go forward with the charges without the agreement of the Bahamas government, since the charges were not included in its agreement to extradite Bankman-Fried from the Bahamas to the US.
The SEC is asking a judge to impose an injunction that prohibits Bankman-Fried from participating in any future issuance, purchase, offer, or sale of securities, except for his own personal account, to disgorge Bankman-Fried of alleged ill-gotten gains, and to block him from holding corporate director or officer positions.
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