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Market News

Federal Judge Rejects Request For Delaying SBF Sentencing

Judge said that he had enough time of six months after the sentencing was announced.

Written By Gopal Solanky Gopal Solanky
Published December 21, 2023 6:21 AM·Updated 2 years ago
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The U.S. federal judge Lewis Kaplan has rejected a lawyer’s request to delay the sentencing of convicted FTX founder and CEO Sam Bankman-Fried (SBF).

The legal team of Sam Bankman-Fried asked the court to reschedule sentencing nearly 2 months later from the previously announced date of next year’s March 28 to early-mid May 2024.

SBF was convicted on all seven charges on November 2, which include defrauding investors and FTX customers.

While SBF is set to join a pre-sentence interview with the U.S. Probation and Pretrial Service System, his lawyers asked for some time, arguing that the defense needs more time in order to get ready for the sentencing.

In addition, SBF is also awaiting a trial over the charges of bribing Chinese officials and alleged bank fraud, which will begin on March 11. His lawyers said that the government is yet to decide regarding the proceedings of this trial.

However, Judge Kaplan noted that the defense did not have any objections previously when the sentencing was ordered, and now there is already “enough time” as SBF had six months to prepare for the pre-sentencing interview.

Also read: Do Kwon’s Extradition Revoked By Montenegro Appeals Court

Disclaimer: The information researched and reported by The Crypto Times is for informational purposes only and is not a substitute for professional financial advice. Investing in crypto assets involves significant risk due to market volatility. Always Do Your Own Research (DYOR) and consult with a qualified Financial Advisor before making any investment decisions.

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