The brand-new CEO of FTX is declaring that previous CEO and founded guilty scammer Sam Bankman-Fried has no regret over his criminal offenses and is just attempting to decrease his jail sentence. Prosecutors have actually suggested 40 to 50 years.
To make matters worse for Bankman-Fried, the present CEO stated all of this in a letter he sent out to the judge.
Bankman-Fried might well wind up doing some major jail time.
Breitbart News reports:
Current FTX CEO Says Disgraced Fraudster Sam Bankman-Fried’s Remorse Is ‘Nonexistent’
In a scathing letter to Judge Lewis Kaplan, FTX Trading CEO John Ray declares that disgraced FTX creator Sam Bankman-Fried made “callously” and “demonstrably incorrect” claims in his sentencing memo to protect a lighter jail term. According to Ray, the damage triggered by SBF is “large” and his regret is “nonexistent.”
Ars Technica reports that Sam Bankman-Fried, the disgraced creator of the now-collapsed cryptocurrency exchange FTX, has actually been implicated of consistently depending on his sentencing memo to prevent what he thinks about a “monstrous” 110- year optimum jail term. In an in-depth letter to Judge Lewis Kaplan, FTX Trading CEO John Ray declares that Bankman-Fried made a number of incorrect claims to paint himself in a much better light and decrease his sentence to simply 5 to 6 years, in spite of district attorneys recommending a sentence in between 40 and 50 years.
Ray states that Bankman-Fried “continues to live a life of misconception” by declaring that the “most affordable price quote of loss” and “damage” to clients, lending institutions, and financiers is “absolutely no.” In truth, Ray has actually worked relentlessly to recuperate $10 billion in lost funds. Ray highlights the huge job of attending to these claims and lowering them to their correct and “permitted” quantity, specifying that Bankman-Fried is “incorrect, extremely incorrect” to presume it is a “breeze.”
The judge is most likely going to take all of this into account at sentencing which’s extremely problem for SBF.
He may not get 50 years however he will not get 5 or 6 either.
The post Current CEO of FTX Sends Letter to Judge Saying Sam Bankman-Fried’s Level of Remorse is ‘Non-Existent’ appeared initially on The Gateway Pundit
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