SBF Trial Date SET—Here’s How Much Time SBF Is Facing Behind Bars
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June 28, 2023 12:04 pm
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Following a denial to dismiss the case against him, Sam Bankman-Fried will be going to trial in October of 2023.
Previously, ProCoin News reported that FTX managed to recover $7 billion out of the $8.7 billion in liquid assets owed to customers.
According to sources, Sam Bankman-Fried faces a combined 115 years behind bars—the only question now is, will he ever face this steep punishment, or will he simply get off with a slap on the wrist?
😞⬇️ SBF Faces 115 Years in Prison as Judge Makes Crucial Decision #Prison
Sentiment: Smooth Sailing 😞⬇️https://t.co/9luCGy7GUJ pic.twitter.com/o01BuM8GGK
— TokenBeam (@TokenBeam) June 28, 2023
A federal judge denied FTX founder Sam Bankman-Fried’s bid to dismiss most of the criminal charges he faces over the crypto exchange’s collapse, setting the stage for a trial in October
— unusual_whales (@unusual_whales) June 27, 2023
Daily Coin confirmed:
Facing a cumulative jail term of over 115 years if convicted, Bankman-Fried moved to dismiss ten out of the 13 charges against him in May. However, per a recent court decision, these efforts have failed, ensuring that the FTX founder faces life in prison.
The Dollar Vigilante writes, “If you pay off both sides, you will always be free, as Sam Bankman Fraud can attest.”
If you pay off both sides, you will always be free, as Sam Bankman Fraud can attest. #SBF pic.twitter.com/qelGga5fQX
— The Dollar Vigilante (@DollarVigilante) June 28, 2023
Other individuals and investors also pointed out that SBF has had several charges quietly dropped by authorities, lending credence to the idea that he will only receive a minor punishment, if any, for his alleged role in the collapse of FTX.
‼️Biden's DOJ quietly drops 5 charges against Sam Bankman-Fried – Democrat Super Donor Only Second to George Soros
Five of thirteen charges against Sam Bankman-Fried in relation to the financial collapse of FTX have been withdrawn by federal prosecutors.https://t.co/XmmrgmFyHb… pic.twitter.com/UbfHdAPERK
— {Matt} $XRPatriot (@matttttt187) June 21, 2023
According to Coin Telegraph:
Bankman-Fried will face all eight charges originally brought in December 2022, four added in February 2023 as part of a superseding indictment, and one in March 2023 related to the former CEO allegedly bribing a Chinese government official.
However, the last five counts will be addressed in a separate trial scheduled to start in March 2024 due to their addition following SBF’s extradition from the Bahamas. His first trial is scheduled to begin in October.
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