Sam Bankman-Fried, the indicted founder of now-bankrupt cryptocurrency exchange FTX, may face a 'very long sentence' if convicted at his fraud trial starting next week, the judge overseeing the case said on Thursday.
temporarily during the trial to better help his lawyers mount his defense case. Kaplan said Bankman-Fried was a flight risk.
"Your client in the event of conviction could be looking at a very long sentence," Kaplan said in a hearing in Manhattan federal court. "If things begin to look bleak … maybe the time would come when he would seek to flee."stemming from FTX's collapse in November 2022. He faces a statutory maximum of 110 years in prison, though any sentence would be determined by Kaplan based on a range of factors and he would likely get far less.
His lawyers asked Kaplan for temporary release earlier this week, arguing they could not speak with him after each trial day to prepare for the next day's witnesses and testimony, which they could not do if he were taken back to theKaplan said on Thursday he was sympathetic to the defense's concerns, and would arrange for Bankman-Fried to arrive to court at 7 a.m. on most trial days to speak with his lawyers for several hours before testimony begins.
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