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FTX Founder's Lawyer Seeks Leniency for Sam Bankman-Fried
The lawyer representing Sam Bankman-Fried, the Founder of FTX, urged US District Judge Lewis Kaplan yesterday (Tuesday) to consider a lenient sentence for his client's conviction related to the alleged misappropriation of funds from customers of the now-defunct cryptocurrency exchange. Bankman-Fried's attorney, Marc Mukasey, emphasized that most clients would likely recover their funds, mitigating the severity of the situation. The sentencing submission presented by Mukasey proposed a prison term ranging between five years and three months to six years and six months, a notably shorter duration compared to the ... (full story)