Sam Bankman-Fried found guilty on all seven counts::Sam Bankman-Fried, the co-founder and former CEO of crypto exchange FTX and trading firm Alameda Research, has been found guilty on all seven counts
Sam Bankman-Fried found guilty on all seven counts::Sam Bankman-Fried, the co-founder and former CEO of crypto exchange FTX and trading firm Alameda Research, has been found guilty on all seven counts
Sounds a lot like doing an essay for school, where you have a week, and at the same time must do all your other school work.
I’d say this is unacceptable, and practices need to be streamlined for quicker judgements. Of course that may cost a bit more money, but 5 months is still ridiculous IMO.
Judges have clerks and a staff that will compile all the research and even draft orders. It’s not all on one person.
Both prosecutor and defense usually have recommendations for punishment, based on circumstances and previous practices. Having help checking that out, should not make it take longer.
He’s going away for a long time. There’s a whole process to it beyond just the decision on the length of the sentence. He has to go through a psychological evaluation, physical exams, there’s a process to figure out where he will serve his sentence, etc. His attorneys will try to get him into an easier prison. Recent convicts are often afforded the opportunity to get their affairs in order. There will also be appeals.
It seems a long way off, but there’s a lot to do and there could be other factors. Maybe the judge’s schedule is a little backed up. There are holidays coming up. Who knows. SBF is already locked up anyway. There’s no way he’s getting less than 10-15 years so there’s not a huge sense of urgency to rush through this.
This is just like most jobs. Many things to do at the same time. I think 5 months for such a big case isn’t that much of a time considering he is facing 110 years