The authorized tussle surrounding Sam Bankman-Fried (SBF), the previous CEO of FTX, intensifies as a federal choose denies his protection group’s
plea for an prolonged sentencing course of. This choice happens amid the prospect
of a looming second trial following SBF’s latest conviction on seven
prices of fraud and conspiracy.
As initially reported by Coindesk, SBF’s
protection group has sought an extension of 4 to 6 weeks for his sentencing
course of, Coindesk first reported. The group emphasised a possible second trial
slated for March 11, which may influence the pending sentencing scheduled for
March 28.
SBF’s protection group sought to delay the sentencing and
presentencing interview with the US Probation and Pretrial Companies System,
citing the necessity to resolve all prices earlier than initiating the sentencing
course of.
Nonetheless, District Choose Lewis Kaplan, overseeing the
case within the Southern District of New York, dismissed the plea, highlighting
that the protection didn’t initially contest the March 28 date.
In accordance with the court docket paperwork, he underlined the
significance of continuing with the presentencing interview, scheduled
imminently, because the defendant had satisfactory time for preparation.
The choose’s choice carries weight relating to the
impending second trial on financial institution fraud and Overseas Corrupt Practices Act
conspiracy prices. This unresolved authorized aspect provides complexity to SBF’s sentencing, probably inflicting additional delays relying on the
Division of Justice’s option to pursue the second trial.
Presentencing Interview to Proceed as Deliberate
Kaplan talked about: “The defendant’s software,
dated December 20, 2023, to adjourn the sentencing knowledge and to postpone the
dates for the primary and second disclosures of the PSR is denied.”
“The sentencing knowledge was fastened with out
objection from the defendant. The defendant already has been granted one
extension for the submitting of sentencing submissions. The defendant already has
had over six weeks wherein to arrange for the presentencing interview, which
shall happen tomorrow as scheduled.”
The authorized tussle surrounding Sam Bankman-Fried (SBF), the previous CEO of FTX, intensifies as a federal choose denies his protection group’s
plea for an prolonged sentencing course of. This choice happens amid the prospect
of a looming second trial following SBF’s latest conviction on seven
prices of fraud and conspiracy.
As initially reported by Coindesk, SBF’s
protection group has sought an extension of 4 to 6 weeks for his sentencing
course of, Coindesk first reported. The group emphasised a possible second trial
slated for March 11, which may influence the pending sentencing scheduled for
March 28.
SBF’s protection group sought to delay the sentencing and
presentencing interview with the US Probation and Pretrial Companies System,
citing the necessity to resolve all prices earlier than initiating the sentencing
course of.
Nonetheless, District Choose Lewis Kaplan, overseeing the
case within the Southern District of New York, dismissed the plea, highlighting
that the protection didn’t initially contest the March 28 date.
In accordance with the court docket paperwork, he underlined the
significance of continuing with the presentencing interview, scheduled
imminently, because the defendant had satisfactory time for preparation.
The choose’s choice carries weight relating to the
impending second trial on financial institution fraud and Overseas Corrupt Practices Act
conspiracy prices. This unresolved authorized aspect provides complexity to SBF’s sentencing, probably inflicting additional delays relying on the
Division of Justice’s option to pursue the second trial.
Presentencing Interview to Proceed as Deliberate
Kaplan talked about: “The defendant’s software,
dated December 20, 2023, to adjourn the sentencing knowledge and to postpone the
dates for the primary and second disclosures of the PSR is denied.”
“The sentencing knowledge was fastened with out
objection from the defendant. The defendant already has been granted one
extension for the submitting of sentencing submissions. The defendant already has
had over six weeks wherein to arrange for the presentencing interview, which
shall happen tomorrow as scheduled.”