Judge Lewis Kaplan has rejected a request from SBF lawyers to delay the sentencing hearing for former FTX CEO, Sam Bankman-Fried. The request, made on December 20th, sought to adjourn the hearing by four to six weeks. If granted, this would have pushed back the presentencing interview and the sentencing hearing, both of which were scheduled for later dates. The lawyers argued that starting the sentencing process before resolving the severed counts could have implications for the case. However, the judge has decided against granting the request.
SBF, who is currently detained in Brooklyn’s Metropolitan Detention Center, is awaiting sentencing for his involvement in fraudulent activities. The crash of the FTX cryptocurrency exchange has led to significant losses in the market, with increased scrutiny from regulatory authorities. The SEC and other regulatory bodies have emphasized the volatility and lack of regulation in the crypto market.
This News Article was automatically generated by Bob the Bot (AI)
| Information | Details |
|---|---|
| Geography | North America |
| Countries | |
| Sentiment | neutral |
| Relevance Score | 1 |
| People | Mark Cohen, Juan Orlando Hernandez, Sam Bankman-Fried, Judge Lewis Kaplan |
| Companies | Cohen & Gresser, SBF lawyers, U.S. Securities and Exchanges Commissions (SEC), United States District Court of Southern New York, FTX |
| Currencies | None |
| Securities | None |
