Sam Bankman Fried aka SBF was convicted last year and is now waiting for his sentence on March 28th. Since his conviction last year, the once-prominent figure in the crypto world has been behind bars at the Brooklyn Metropolitan Detention Center.
The lawyers of SBF are not giving up and are looking for lenient sentencing of 63 to 78 months.
Marc Mukasey, the legal team is seeking a 6-year sentencing instead of the 110 maximum sentencing. SBF legal team filed a legal memo in the U.S. District Court on Tuesday, February 27th.
According to the memo, SBF has deep remorse for his actions after the FTX bankruptcy.
SBF lawyers suggest a “Zero Loss” and propose a 63 to 78-month jail term where the maximum penalty could be 110 years.
The defense strategy of SBF’s legal team includes generating public sympathy, testimonials, and legal maneuvers. Post the sentencing Alexandra Shapiro would be handling SBF’s appeal.
Sam’s parents are law professors from Stanford University and have been right by his side since. Sam’s parents are looking to show his compassionate side to the judge, however, it’s difficult to overturn criminal sentencing on appeal.
According to SBF’s defense story, he was trying to make things right and was hard-working businessman. They also highlighted his contributions to the crypto space.
In the detention center, Sam has been advising fellow inmates and staff on investing in cryptocurrency like Solana. He also kept his cool in the courtroom which indicates he is ready to fight the legal battle.