Sam Bankman-defense Fried’s team asked the US court to take into consideration a sentence of 63 to 78 months in a filing on Tuesday.
Bankman-Fried’s defense team called the suggested 100-year sentence in the pre-sentence study “grotesque” and objected to several sections of the report, including the conclusion that $10 billion was an excessive estimate of bankruptcy losses.
They proposed a fair approach to establishing the sentence, beginning with an Adjusted Offense Level of 56 and then reducing it by 30 levels due to no loss, yielding a recommended Guidelines range of 63-78 months.
The submission stated that a sentence of decades would rob Sam of the ability to live a meaningful life and continue to help society’s most vulnerable.
The court filing highlighted Bankman-Fried’s history, ethical principles, and commitment to philanthropy, claiming that his acts were never motivated by greed or a desire for status.
A New York jury convicted Bankman-Fried last year of defrauding FTX and Alameda Research investors in what prosecutors described as “one of the most significant financial scams in U.S. history.” Bankman-Fried is expected to be sentenced in a US court next month.