A report published in The New York Times claimed SBF is giving investment advice to prison guards, reportedly asking them to invest in Solana.
The legal counsel for former FTX CEO Sam “SBF” Bankman-Fried filed a memo in the United States District Court for the Southern District of New York requesting the judge issue a prison sentence of between five and a quarter and six and a half years. SBF is facing a maximum of 110 years after a jury found him guilty of multiple counts of fraud and money laundering in November 2023.
SBF was indicted on two counts of wire fraud, two counts of wire fraud conspiracy, one count of securities fraud, one count of commodities fraud conspiracy and one count of money laundering conspiracy. Judge Lewis Kaplan, who is overseeing the SBF case, is scheduled to announce sentencing on March 28.
While federal prosecutors are expected to submit their sentencing recommendations on March 15, the Pre-sentence Investigation Report (PSR) has recommended a 100-year sentence for the former FTX CEO.
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Source: https://cointelegraph.com/news/sbf-6-5-year-sentence-guards-invest-solana