Sam Bankman-Fried Continues Legal Fight, Hires Ex-Trump Lawyer
Despite his conviction for fraud last December, Sam Bankman-Fried continues to wage legal battles on multiple fronts to save himself from life imprisonment.
The 31-year-old former FTX CEO has hired ex-Trump lawyer Marc Mukasey ahead of a crucial sentencing memo, according to The New York Times. The memo will argue that he deserves minimal jail time rather than the maximum of 110 years.
Key Details:
- Parents are lining up letter writers to aid the sentencing bid.
- Hired Trump ex-lawyer Marc Mukasey to oversee his sentencing.
- A separate appeals lawyer is also on board to contest the conviction.
- Potential decades in prison are still possible, despite appeals efforts.
Read more: MicroStrategy Price Target Set At $990 On Bitcoin Growth Forecast
The memo represents a vital element of SBF’s strategy to somehow escape his fraud conviction linked to the collapse of crypto exchange FTX in November.
Sam Bankman-Fried’s parents aid the defense
While the odds seem overwhelmingly stacked against Sam Bankman-Fried, his parents remain actively embedded in helping the legal defense.
They have reportedly tapped former FTX employees to draft letters to aid their son with the planned memo. Even if the memo changes the judge’s mind, he or she retains complete discretion on jail term length.
Read more: Republicans Renew Push To Block Central Bank Digital Currency (CBDC)
While the likelihood of the maximum sentence has faded, the possibility of 30 years or more remains on the table given the gravity of the FTX fraud.
Bankman-Fried has also replaced his existing legal team with appeal specialists intent on contesting and reversing the jury’s fraud determination outright.
Though the odds remain improbable, the coordinated PR and legal campaign suggest SBF refuses to admit to the charges and maintains his innocence.
