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SBF News of getting out of jail is buzzing as the lawyers revealed a get-of-jail scheme, which could be a turning point.
Sam Bankman Fried (SBF), the former CEO of cryptocurrency exchange FTX, is expecting to be released from jail soon. Sam’s lawyers presented a Google document filled with questionable ideas and plans, making efforts to get SBF out of jail. He is due to be sentenced on March 28.
SBF News: The List of Questionable Ideas
SBF was found guilty of misusing the customer funds for benefits and is undergoing a trial. As the days pass, the SBF news is taking new turns, enhancing the chances of a prison sentence of between 5 and 6 years.
SBF lawyers are working hard to cut Sam’s jail time, revealed a Google document shedding light on outstanding plans. SBF planned the wacky schemes just before his arrest.
“Go on Tucker Carlson, come out as a Republican.” “Come out as extremely pro-crypto, pro-freedom.” “Come out with a strong anti-Binance message.”
These are a few ideas SBF crafted to protect its public image. Additionally, most ideas blame the bankruptcy process for seizing the cryptocurrency exchange and the lawyers involved.
However, Sam admitted that all these ideas are random and probably bad ideas that aren’t vetted.
As per the court documents, if SBF had made it onto Tucker Carlson’s show, he was supposed to switch to Republican and strongly disagree with “the woke agenda.”
Additionally, Sam considered discussions with Journalists, including Michael Lewis, author of Going Infinite, and Matt Levine from Bloomberg. Both the journalists are well aware of Sam’s rise and fall.
Running a Twitter poll is another way for Sam to gain leniency in the sentencing. “Asking the public what to do” and trying “to get people to support the true narratives.” is the final plan.
Requests For Leniency Before Sentencing
SBF’s family members are also requesting leniency before sentencing. On February 27, Judge Lewis Kaplan received dozens of letters asking to shorten Sam’s imprisonment.
SBF’s mother, Barbara, disclosed his critical mental health and described his Autism Spectrum Disorder (ASD). George Lerner, Sam’s psychiatrist, supported the statement.
“SBF is selfless but socially awkward and imprisonment could harm him mentally and physically,” stated Sam’s father and brother.
Sam’s lawyers & family are taking all the necessary measures to shorten Sam’s punishment to no more than 6.5 years. The final hearing is scheduled for March 28 and his young age and no criminal history might push for a lighter sentence.
On November 3, 2023, Sam was found guilty of scam & conspiracy and misusing customer’s funds for personal advantages. He was found guilty on all seven counts of fraud and conspiracy.
Sam co-founded FTX cryptocurrency exchange in 2019 to deliver crypto exchange services including trading and investing. Spot trading, derivatives, and leveraged trading for digital assets and NFTs made FTX one of the stand-out performers.
The platform collapsed in November 2022, after experiencing a hike in withdrawal requests. A year later, SBF was convicted of multiple counts of fraud.
Andrew is a blockchain developer who developed his interest in cryptocurrencies while pursuing his post-graduation major in blockchain development. He is a keen observer of details and shares his passion for writing, along with coding. His backend knowledge about blockchain helps him give a unique perspective to his writing skills, and a reliable craft at explaining the concepts such as blockchain programming, languages and token minting. He also frequently shares technical details and performance indicators of ICOs and IDOs.
