Sam Bankman-Fried’s Request to Postpone Sentencing was Denied

Sam Bankman-Fried’s Request to Postpone Sentencing was Denied

According to court records on December 20, former FTX CEO Sam Bankman-Fried has had his request to postpone the judgment hearing denied. Earlier, the defense lawyers had proposed a further 4-6 weeks delay, roughly until mid-May 2024, to adequately prepare necessary documents.

With the court’s decision, Sam Bankman-Fried’s judgment hearing is still scheduled to take place on March 28, 2024.

Judge Lewis Kaplan noted that Bankman-Fried had already been granted an extension once to submit a plea. According to previous reports, that request was approved on November 18. He also added that SBF had over six weeks to prepare for the questioning scheduled for December 21.

As reported by azc.news, on November 2, Bankman-Fried was convicted on all charges related to fraud, fraud, and money laundering. Although facing a potential sentence of up to 110 years in prison, many legal experts believe he will receive a significantly shorter sentence, possibly even less than 25 years.

Related: Sam Bankman-Fried Convicted on All Seven Charges, Facing 115-Year Prison Sentence

Sam Bankman-Fried is expected to participate in a court session to address other allegations additionally from the U.S. Department of Justice, including financial contribution violations, bank fraud, operating an illegal money transfer organization, and bribing foreign officials, scheduled for March 11, 2024.