FTX founder Sam Bankman-Fried sentenced to 25 years in prison

The defense, on the other hand, argued that Bankman-Fried did not intend to defraud customers, expressed remorse and attempted to resolve FTX’s bankruptcy after it began, and that the DOJ’s proposal was extreme. Their letters of support said more about Bankman-Fried as a person than about FTX and its collapse, with the writers pointing to his veganism and anecdotes from his childhood. According to several letters, Bankman-Fried appeared to be nervous and may not have understood the severity of the situation. Former New York Police Department officer Carmine Simpson, a fellow inmate at a Brooklyn detention facility who pleaded guilty to soliciting a minor, wrote a letter to Bankman-Fried, who is a vegetarian, saying he was forced to eat poorly in prison. wrote .