Judge Denies Sam Bankman-Fried Request for a Longer Sentencing Process – A federal judge rejected Sam Bankman-Fried’s bid to prolong the sentencing proceedings and postpone a pre-sentencing interview with the U.S. Probation and Pretrial Services System, responsible for advising on the recommended sentence.
On Wednesday, Bankman-Fried’s lawyers submitted a letter seeking an extension, citing the potential second trial on additional charges slated for March 11. The sentencing hearing, originally set for March 28, prompted their request to postpone a presentence interview scheduled for Thursday, along with other associated deadlines.
“We submit that Mr. Bankman-Fried should not begin the sentencing process on the counts of conviction, including the presentence interview, until the severed counts are resolved,” the letter said. “Doing so could potentially result in a separate PSR and a separate sentencing hearing on conduct that was already part of the Government’s proof at trial.”
Last month, Bankman-Fried faced conviction on seven counts of fraud and conspiracy. Prosecutors claimed he misused FTX customer and investor funds, along with the funds of Alameda Research’s lenders. District Judge Lewis Kaplan, presiding over the case in the Southern District of New York, rejected the motion, noting that the defense had not raised objections when the March 28 date was initially established.
The judge mentioned that if the Department of Justice opts for a second trial on charges of bank fraud and conspiracy under the Foreign Corrupt Practices Act, the sentencing process might experience a delay. “The defendant already has had over six weeks in which to prepare for the presentence interview, which shall take place tomorrow as scheduled,” he wrote.