{"id":405711,"date":"2024-03-20T10:37:16","date_gmt":"2024-03-20T10:37:16","guid":{"rendered":"https:\/\/cryptoslate.com\/?p=405711"},"modified":"2024-03-20T10:40:05","modified_gmt":"2024-03-20T10:40:05","slug":"sbf-lawyers-slam-death-in-prison-sentence-proposal-citing-lack-of-losses","status":"publish","type":"post","link":"https:\/\/cryptoslate.com\/sbf-lawyers-slam-death-in-prison-sentence-proposal-citing-lack-of-losses\/","title":{"rendered":"SBF lawyers slam &#8216;death-in-prison&#8217; sentence proposal citing lack of losses"},"content":{"rendered":"<p><a href=\"https:\/\/cryptoslate.com\/people\/sam-bankman-fried\/\">Sam Bankman-Fried's<\/a> (SBF) lawyers have heavily criticized the Department of Justice's sentencing memorandum in a March 19 <a href=\"https:\/\/storage.courtlistener.com\/recap\/gov.uscourts.nysd.590940\/gov.uscourts.nysd.590940.413.0.pdf\">letter<\/a> to Judge Lewis Kaplan.<\/p>\n<p>In the letter, the lawyers described the DOJ's <a href=\"https:\/\/cryptoslate.com\/us-prosecutors-want-sbf-to-serve-at-least-four-decades-in-prison\/\">proposed maximum sentence of 50 years imprisonment<\/a> for SBF as &#8220;disturbing&#8221; and &#8220;with marked hostility.&#8221;<\/p>\n<p>According to the lawyers:<\/p>\n<blockquote><p>&#8220;The memorandum distorts reality to support its precious \u201closs\u201d narrative and casts Sam as a depraved super-villain; it attributes to him dark and megalomaniacal motives that fly in the face of the record; it makes apocalyptic prophecies of recidivism; and it adopts a medieval view of punishment to reach what amounts to a death-in-prison sentencing recommendation.&#8221;<\/p><\/blockquote>\n<p>They further argued that the government's memorandum completely ignores SBF's condition and vulnerabilities, adding that the proposed sentencing was the government's attempt to &#8220;break Sam Bankman-Fried&#8221; as there has been no &#8220;federal defendant convicted of a non-violent offense who served a 40-50 year sentence and was released.&#8221;<\/p>\n<h2>Reduced sentencing<\/h2>\n<p>SBF's legal team presented a series of arguments to advocate for a reduced sentence for him.<\/p>\n<p>Firstly, they contended that there were no tangible losses since the bankruptcy proceedings would ensure full restitution to all customers and lenders.<\/p>\n<p>The lawyers wrote:<\/p>\n<blockquote><p>&#8220;There were never losses. The money has always been available. Assets remain. Each victim quoted in the government's opposition will receive 100 cents on the dollar &#8212; plus interest. This would be impossible if the estate\u2019s assets had disappeared into Sam\u2019s personal pockets.&#8221;<\/p><\/blockquote>\n<p>Furthermore, they rebutted the prosecution's portrayal of Bankman-Fried as being motivated by greed. They highlighted his philanthropic endeavors, pointing out that SBF had given his earnings away before creating the failed crypto entities <a href=\"https:\/\/cryptoslate.com\/companies\/ftx\/\">FTX<\/a> and Alameda Research.<\/p>\n<p>Moreover, they challenged the government's assertion that Bankman-Fried posed a significant risk of re-offending, citing research indicating low rates of recidivism among white-collar, educated individuals with clean prior records.<\/p>\n<blockquote><p>&#8220;Offenders with no criminal history, like Sam, are the least likely to re-offend. Nor does offense level predict recidivism. And offenders with a college education are less likely to recidivate,&#8221; they concluded.<\/p><\/blockquote>\n<p>As such, they proposed a reduced sentence of a maximum of 78 months, equivalent to 6.5 years, for their client.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Sam Bankman-Fried&#8217;s (SBF) lawyers have heavily criticized the Department of Justice&#8217;s sentencing memorandum in a March 19 letter to Judge Lewis Kaplan. In the letter, the lawyers described the DOJ&#8217;s proposed maximum sentence of 50 years imprisonment for SBF as &#8220;disturbing&#8221; and &#8220;with marked hostility.&#8221; According to the lawyers: &#8220;The memorandum distorts reality to support [&hellip;]<\/p>\n","protected":false},"author":720,"featured_media":405712,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[77968,60793],"tags":[76833,77611,77612],"post_folder":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.9 (Yoast SEO v21.9.1) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>SBF lawyers slam &#039;death-in-prison&#039; sentence proposal citing lack of losses<\/title>\n<meta name=\"description\" content=\"Convicted FTX founder Sam Bankman-Fried&#039;s (SBF) lawyers decry proposed 50-year sentencing, call for more humane approach.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptoslate.com\/sbf-lawyers-slam-death-in-prison-sentence-proposal-citing-lack-of-losses\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SBF lawyers slam &#039;death-in-prison&#039; sentence proposal citing lack of losses\" \/>\n<meta property=\"og:description\" content=\"Convicted FTX founder Sam Bankman-Fried&#039;s (SBF) lawyers decry proposed 50-year sentencing, call for more humane approach.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptoslate.com\/sbf-lawyers-slam-death-in-prison-sentence-proposal-citing-lack-of-losses\/\" \/>\n<meta property=\"og:site_name\" content=\"CryptoSlate\" \/>\n<meta property=\"article:published_time\" content=\"2024-03-20T10:37:16+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-03-20T10:40:05+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2024\/03\/sbf-prison.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"630\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Oluwapelumi Adejumo\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:site\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Oluwapelumi Adejumo\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/cryptoslate.com\/sbf-lawyers-slam-death-in-prison-sentence-proposal-citing-lack-of-losses\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/cryptoslate.com\/sbf-lawyers-slam-death-in-prison-sentence-proposal-citing-lack-of-losses\/\"},\"author\":{\"@type\":\"Person\",\"@id\":\"https:\/\/cryptoslate.com\/author\/oluwapelumi-adejumo\/#person\",\"name\":\"Oluwapelumi Adejumo\",\"url\":\"https:\/\/cryptoslate.com\/author\/oluwapelumi-adejumo\/\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/cryptoslate.com\/author\/oluwapelumi-adejumo\/\"},\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/cryptoslate.com\/author\/oluwapelumi-adejumo\/#authorimage\",\"url\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/10\/profile-oluwapelumi-adejumo-1-300x300.jpg\",\"contentUrl\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/10\/profile-oluwapelumi-adejumo-1-300x300.jpg\",\"caption\":\"Oluwapelumi Adejumo\"},\"jobTitle\":\"Senior Reporter\",\"description\":\"Oluwapelumi values Bitcoin's potential. 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