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‘Almost Shocked’: Former US Attorney Blasts Sam Bankman-Fried’s Prison Sentence For Being Too Short

Former U.S. attorney Guy Lewis on Thursday criticized a judge’s ruling against disgraced crypto tycoon Sam Bankman Fried.

Bankman Freed was sentenced Thursday to 25 years in prison after a jury found him guilty in November of seven counts related to fraud and conspiracy. Lewis noted that Bankman Freed’s sentence could have been much shorter than 25 years, and said the fraudster should have received a longer sentence. (Related: ‘He directed me to commit these crimes’: Former accused fraudster blames him in court)

“I hate being a tough prosecutor here, but I’m disappointed in the verdict. I was almost shocked by this verdict,” Lewis said on FOX Business. “It’s a long post, but if you look around the internet, what does he actually do for a multi-billion dollar scam? He spent about 15 years, probably less, probably a little less, about 15 years. I’m going to spend a year in prison. And I don’t see it. I think the sentence should have been closer to the 40 or 50 points the government asked Judge Kaplan to give in this case. ”

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The New York Probation Department had asked for a sentence of 100 years in prison, and prosecutors had asked for a sentence of 40 to 50 years, but Bankman Freed’s lawyers had asked for a sentence of 60 to 78 years, citing his charity work and autism spectrum disorder (ASD). He was seeking a month’s imprisonment. according to Ahead of court filing in February.

“If the SBF is able to acquire all the assets available in prison, he could serve as little as 12 and a half years,” said former federal prosecutor Mitchell Epner. Said CNN.

bankman freed co-founded He also served as CEO of the cryptocurrency exchange FTX, which collapsed in November 2022 amid accusations that it mishandled billions of dollars in customer funds. Prosecutors estimate that losses from Bankman Freed’s fraud exceeded $10 billion. according to On CNN.

“I feel like a lot of people have been really let down, and I’m very sorry,” Bankman Fried said at the sentencing hearing, according to CNN Business. He said: “I’m sorry for what happened every step of the way. And there are things you should have done and things you shouldn’t have done.”

The fraudster has overwhelmingly donated more than $30 million to support Democratic-leaning causes, making him the second-largest individual donor to Democrats during the 2022 midterm elections. according to Washington Post analysis of Federal Election Commission data.

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