Former FTX CEO Sam “SBF” Bankman-Fried, just lately sentenced to 25 years in federal jail, has requested a choose permit him to quickly stay incarcerated within the New York Metropolis space as a substitute of California.
In an April 8 submitting in United States District Court docket for the Southern District of New York, Bankman-Fried’s attorneys requested Decide Lewis Kaplan to approve an order permitting the previous FTX CEO to stay on the Metropolitan Detention Middle in Brooklyn, the place he has been since August 2023. In keeping with the authorized group, SBF wished to remain on the Brooklyn jail to “facilitate entry to his appellate counsel” as a part of his anticipated enchantment for his conviction and sentencing.
Earlier than Decide Kaplan introduced Bankman-Fried’s 25-year sentence on March 28, lawyer Marc Mukasey mentioned his group supposed to enchantment SBF’s conviction on seven felony counts. No submitting appeared within the on-line portal for the U.S. Court docket Of Appeals for the Second Circuit on the time of publication. Some authorized specialists have additionally prompt that the previous FTX CEO may have years knocked off his time in jail based mostly on good habits.
The choose initially dominated that Bankman-Fried would serve his sentence at a medium- or low-security jail within the San Francisco Bay Space, probably attributable to members of the family dwelling close by. Earlier than Decide Kaplan revoked SBF’s bail in August 2023, the previous FTX CEO was primarily confined to his mother and father’ California house close to Stanford College.
Associated: Sam Bankman-Fried speaks out after sentencing: ‘I by no means thought what I used to be doing was unlawful’
Bankman-Fried was one of many solely people tied to the collapse of FTX and Alameda Analysis to plead not responsible and face a jury. Caroline Ellison, Gary Wang, Nishad Singh and Ryan Salame — others related to the crypto companies charged in the identical case as SBF — pleaded responsible and accepted offers.
Salame is scheduled to be sentenced on Might 28, nevertheless it was unclear when Wang, Ellison, and Singh would seem earlier than a choose. Changpeng Zhao, who pleaded responsible to 1 felony depend in a separate case involving cryptocurrency alternate Binance, will likely be sentenced on April 30.
Journal: ‘Much less flashy’ Mashinsky set for much less jail time than SBF: Internal Metropolis Press, X Corridor of Flame
