"FTX Founder Sam Bankman-Fried Appeals for Leniency in Fraud Conviction"

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Source: Fox Business
"FTX Founder Sam Bankman-Fried Appeals for Leniency in Fraud Conviction"
Photo: Fox Business
TL;DR Summary

Sam Bankman-Fried's lawyer has requested a lenient sentence for his client, who was convicted of stealing $8 billion from customers of the now-bankrupt cryptocurrency exchange FTX. The lawyer pointed to FTX's fund recovery efforts and argued that Bankman-Fried did not intend to steal. Bankman-Fried, who pleaded not guilty, is expected to appeal his conviction and sentence. The sentencing is scheduled for March 28, and the U.S. Attorney's office is expected to make its own recommendation by March 15.

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