From Investing.com:

FTX founder Sam Bankman-Fried’s lawyer seeks lenient sentence for $8 billion fraud conviction. US District Judge Lewis Kaplan to sentence on March 28, faces max 110 years. Parents and psychiatrist support, say Sam focused on repaying customers after FTX collapse. Not guilty plea, intends to appeal. Prosecutors to make sentencing recommendation by March 15.

Bankman-Fried, MIT grad worth $26 billion, lost fortune after FTX bankruptcy in Nov 2022. Testimony reveals looting FTX funds for hedge fund losses. Allegations of luxury real estate purchases, political donations. Testifies unaware of debt before companies failed. Lawyer compares case to Elizabeth Holmes, argues for Michael Milken-like sentence.

Bankman-Fried, jailed since August, struggled to communicate in prison. Parents fear for his life, mother says she would switch places to see him freed. Psychiatric evaluation reveals autism spectrum. Lawyer cites vulnerability in prison setting. Prosecutors expected to make sentencing recommendation soon.



Read more at Investing.com: Sam Bankman-Fried urges lenient sentence, citing FTX fund recovery By Reuters