The US court has rejected Sam Bankman-Fried’s (SBF) plea to extend his sentencing date by four to six weeks and deems that SBF has had sufficient time to prepare.
Key Takeaways
- SBF’s request to delay sentencing rejected by US Judge Lewis Kaplan.
- Judge cites a prior extension for filing submissions and deems SBF has had ample time to prepare.
- Sentencing set for March 11, 2024; SBF’s plea to postpone denied.
- Reports suggest SBF has been offering crypto tips to prison guards and using mackerel fish as currency.
US Court Denies SBF’s Plea
In a recent development, the United States district court judge, Lewis Kaplan, has denied Sam Bankman-Fried’s plea to postpone his sentencing by four to six weeks.
The judge notes that SBF had already been granted an extension for filing sentencing submissions and deemed the additional request unnecessary.
The court filing, dated December 20, 2023, reveals that SBF sought more time to “collect materials necessary” for his sentencing scheduled for March 11, 2024.
Unconventional Practices in Prison
While awaiting sentencing, reports indicate that SBF, who has been in prison since August, has been providing unconventional crypto tips to prison guards. His practices include using mackerel fish as a form of currency within the prison environment. Furthermore, it is noted that SBF has acquired his desired Adderall dosage and is receiving his preferred vegetarian food.
#Bitcoin #Cryptonews #Ethereum #BTC #Crypto #Blockchain
— Cryptoverse (@CryptoverseEu) December 21, 2023
US Court Rejects SBF’s Plea to Extend Sentence Hearing https://t.co/PxAaauLgr0
This follows the guilty verdict on all seven counts of fraud, as rendered by the jury on November 3. The charges were related to allegations of embezzling $8 billion from the collapsed crypto exchange FTX in November 2022.
To Conclude
The denial of Sam Bankman-Fried’s plea to extend his sentencing date underscores the court’s position on providing adequate time for preparation.
As SBF faces the consequences of the guilty verdict on fraud charges, reports of unconventional practices within the prison environment add another layer to this high-profile case. The scheduled sentencing on March 11, 2024, looms, marking a critical juncture in the legal proceedings against the disgraced founder of FTX.
