Sam Bankman-Fried Cites Autism Disorder As Reason To Avoid 100 Years In Prison

[Aanuoluwatofunmi]

Has it been proven that under his medical history that he has autism or not, maybe thus is just a recent update and new way of scamming the people including the government again the second time, for someone like me to believe that Sam in affected with such a medical disorder is to be completely fooled and deceived because this guy is upto something and he is playing intelligence on them all all these.

[Lucius]

~snip~
I will never understand people like Bankman-Fried or the reason for acting the way he did. FTX was among the giants of the industry. Malpractice, greed, ego (here we could also name Do Kwon) make large projects bankrupt thousands of people.

Bankman is just another spoiled brat who got everything in life on a silver platter, and such people have no sense of responsibility and seriousness when it comes to business. He and others like him probably live in the belief that nothing bad can happen to them because they have influential parents and rich friends, but they obviously miscalculated a bit in their games.

Therefore, anything short of a long sentence will be a defeat for the system and an encouragement for others to try to do a similar thing in the future.

[Agbe]

Thank you for this thread I was looking for a way hear or see the latest update this case and this has given me what I wanted. Using autism as excuse is an indirect pleading to reduce the long term sentence imprisonment. And really we all have human sympathy. Though he defrauded many but he is a human so sympathy should be given to to reduce the prison years. 110 or there about years are too much, and that means, it is life imprisonment because add those year to the years he has now then, he will stay there till get old and die in prison. Giving him some hard punishment in the prison and release him is also good so he can learn his lesson from it.

[Z-tight]

Don't be sure about that, you can do anything with money and influence. Don't forget that Sam Bankman Fried's parents are influential and have good relationships with politicians and supported election campaigns in the United States.

I know that Sam Bankman-Fried's parents are rich and influential, but if it was possible for them to use their influence in this case, they would have ensured that sbf wasn't found guilty on the 7 counts of fraud and conspiracy, but they couldn't do that, and the jury found him guilty.

Now i don't think they would be able to reduce his sentencing that is set for the 28th day in this month, this case is really big and there are many creditors watching it very closely, so sbf is going to get ~ 100 years in prison.

[yhiaali3]

I know that Sam Bankman-Fried's parents are rich and influential, but if it was possible for them to use their influence in this case, they would have ensured that sbf wasn't found guilty on the 7 counts of fraud and conspiracy, but they couldn't do that, and the jury found him guilty.

Now i don't think they would be able to reduce his sentencing that is set for the 28th day in this month, this case is really big and there are many creditors watching it very closely, so sbf is going to get ~ 100 years in prison.

Yes, I hope that is true and that Sam Bankman-Fried will receive a prison sentence as a result of the crimes he committed, but in the United States, if you are a criminal and admit your guilt and cooperate with the authorities in the investigation and denounce your colleagues, you will receive a reduced sentence, even if you are convicted. You will spend a short period in prison and then get out.

This has happened before in two similar cryptocurrency-related cases:
Case 1: Ilya Lichtenstein went from high-profile defendant to government witness, testifying against the mixing service he used to hide assets laundered from the Bitfinex hack.
https://www.coindesk.com/policy/2024/02/27/man-who-laundered-billions-in-bitcoins-says-bitcoin-fog-was-a-help-bloomberg/

The second case is Centra Tech, a cryptocurrency company set up by two scammers in South Florida that claims to be an automated bitcoin exchange service.
Where the main criminal, "Ray Trapani," who gathered the rest of the fraudsters around him, cooperated with the federal authorities, informed his accomplices, and pleaded guilty to 10 charges, including securities fraud and Internet fraud, and was sentenced only to the time he served during the investigation. He was released (due to his cooperation with the authorities).

This case was turned into a documentary that can be watched here:
https://www.netflix.com/tudum/articles/bitconned-release-date-cast-news

[Freemind]

I know that Sam Bankman-Fried's parents are rich and influential, but if it was possible for them to use their influence in this case, they would have ensured that sbf wasn't found guilty on the 7 counts of fraud and conspiracy, but they couldn't do that, and the jury found him guilty.

Now i don't think they would be able to reduce his sentencing that is set for the 28th day in this month, this case is really big and there are many creditors watching it very closely, so sbf is going to get ~ 100 years in prison.

It's true that Bankman-Fried's parents are very rich and influential, but there are things that are out of reach even for those types of people. It is possible that the 100 years in prison Bankman-Fried faces is in some way an “example” for others. In any case, I think that one way or another, perhaps by resorting to loopholes or other types of legal tricks, Bankman-Fried's parents will ensure that their son does not spend too much time in prison.

Exemplary punishments have always been used by judicial courts to try to avoid similar cases in the future, something that unfortunately has not had the desired effect in any area.

[Gurujebs]

I know that Sam Bankman-Fried's parents are rich and influential, but if it was possible for them to use their influence in this case, they would have ensured that sbf wasn't found guilty on the 7 counts of fraud and conspiracy, but they couldn't do that, and the jury found him guilty.

Now i don't think they would be able to reduce his sentencing that is set for the 28th day in this month, this case is really big and there are many creditors watching it very closely, so sbf is going to get ~ 100 years in prison.

Being influential and rich has limited power when it comes to the law, the charges can be lenient but he will definitely do the jail like other criminals but the judges can be soft and lenient if the parent richness has impacted the citizen of the United state, if the influence of the parents has yielded something positive for the community they live, that is how the law works but you see the case of Sam Bankman-Fried, that man is going to jail for making people to lose billions.

Sam mistake or should I say simping to his girlfriend and US politicians cost some people their lives, it cost some people their life savings and many more and you think the US government is going to let go of that billions because of the parents when their own networth is not up to half of the amount Sam wasted, that dude will do a jail term.

[Freemind]

Being influential and rich has limited power when it comes to the law, the charges can be lenient but he will definitely do the jail like other criminals but the judges can be soft and lenient if the parent richness has impacted the citizen of the United state, if the influence of the parents has yielded something positive for the community they live, that is how the law works but you see the case of Sam Bankman-Fried, that man is going to jail for making people to lose billions.

Sam mistake or should I say simping to his girlfriend and US politicians cost some people their lives, it cost some people their life savings and many more and you think the US government is going to let go of that billions because of the parents when their own networth is not up to half of the amount Sam wasted, that dude will do a jail term.

It is evident that Bankman-Fried is going to spend a "long" time in prison, but I think it is also evident that this time could be reduced after a few years using other ideas, such as good faith when collaborating with justice or other stratagems, as it has already done with autism or possible health problems, I do not have any doubt. Once the sentence is signed, Bankman-Fried's lawyers will have time to argue many things, some of them meaningless, as we have seen, to get their client out of prison as soon as possible. Whether lawyers can finally get it is another thing, but I suppose it's a matter of time, money, influence and knowledge of the law.

[philipma1957]

Don't be sure about that, you can do anything with money and influence. Don't forget that Sam Bankman Fried's parents are influential and have good relationships with politicians and supported election campaigns in the United States.

I know that Sam Bankman-Fried's parents are rich and influential, but if it was possible for them to use their influence in this case, they would have ensured that sbf wasn't found guilty on the 7 counts of fraud and conspiracy, but they couldn't do that, and the jury found him guilty.

Now i don't think they would be able to reduce his sentencing that is set for the 28th day in this month, this case is really big and there are many creditors watching it very closely, so sbf is going to get ~ 100 years in prison.

under 10 for sure. IIRC quite a bit of the missing funds were found. Makes me think he gets a lite sentence.

[Freemind]

under 10 for sure. IIRC quite a bit of the missing funds were found. Makes me think he gets a lite sentence.

I had not thought about that to link it with the possible causes for him to serve fewer (many fewer) years in prison. The more "missing" funds turn up, the fewer years Bankman-Fried will spend in prison. In this way, his defense could allege the good faith of the accused to return all the funds and thus demonstrate in some way that Bankman-Fried had nothing to do with what happened, or that at least, it was not he who carried out all the actions which caused the disaster and loss of funds. If the lawyers play their cards right, it is possible that, as you say, Bankman-Fried will spend less than 10 years in prison, and even less than 8.

[trendcoin]

It didn't occur to him that he had autism when he opened a cryptocurrency exchange and used his customers' funds for nefarious purposes. The law sometimes provides special privileges for people in situations like this, but if these special privileges are used for Sam, we will undoubtedly see an abuse of the law. I hope they don't succeed in fooling the judge in the case...

[robelneo]

It's annoying to see SBF use autism as excuse to reduce his punishment, which give bad perception towards autistic people. I also recall CSW also used same excuse against COPA. Your opinion is greatly appreciated.

Sam's lawyers are very wise to think of a way to reduce his prison time from 110 to 5 to 6 years I think that's not fair, having this kind of disorder should not be an excuse to commit a crime the prison authorities can make the prison environment friendly for people who suffer from this kind of disorder.
It's unfair for the victims that after a few years, he is free again and free to use the money he scammed from people.

[Z-tight]

March 28, which is the date for sbf's sentencing is drawing close, the prosecutors have said today^[1] that sbf should receive at least 40 or 50 years, they also said that sending sbf to prison for the rest of his life was not warranted, because of his young age:

But prosecutors said in the filing that sending him to prison for the rest of his life was not warranted, despite the severity of his crime, because of his relative youth.

Soon we would find out how many years sbf would get, it is getting harder to predict.

[1] https://www.nytimes.com/2024/03/15/technology/sam-bankman-fried-sentencing.html#:~:text=

[Freemind]

I believe that the only thing that can reduce prison years is the return of all funds to users. I don't think the autism excuse is of much use to lawyers as it has an opposite interpretation when he founded the exchange, so the prosecution can dismantle it in seconds. Returning all the funds, apologizing publicly and spending a few years in jail (not many years) is what could happen. We will see what the final verdict is in a few days.

The added problem is that I do not know, since I have not read precise information, the amount of recovered funds that can be returned to their rightful owners, and that could be the reason why this idea, if it has been considered by the lawyers, does not have the expected effect.

[Z-tight]

I believe that the only thing that can reduce prison years is the return of all funds to users.

That one cannot happen, it is going to take a long time before the creditors can get something back, and they are surely not going to get 100% of what they lost. Look at other centralized exchanges and lending and earning platforms that have collapsed, the process to return funds to customers is a long and frustrating one, and everyone should avoid that situation and store their funds only in self custodial wallets.