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US Court Rejects SBF’s Plea to Extend Sentence Hearing

2 mins
Updated by Ciaran Lyons
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In Brief

  • SBF's request to delay sentencing denied; judge notes prior extension for filing submissions.
  • Judge rejects SBF's plea for more time, citing sufficient preparation; sentencing on March 11, 2024.
  • SBF provides crypto tips to prison guards; unconventional practices include mackerel currency and guilty verdict on fraud charges.
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A request by Sam Bankman-Fried (SBF), the disgraced founder of FTX, to postpone his sentencing date in the United States by four to six weeks next year has been rejected by a US judge.

“The defendant already has been granted one extension for the filing of sentencing submissions,” he declared.

US Judge Denies SBF Request to Push Back Sentencing

According to a recent court filing, US district court judge Lewis Kaplan denied the request based on the grounds that SBF has already had adequate time to prepare for the sentencing date.

“The defendant’s application, dated December 20, 2023, to adjourn the sentencing date and to postpone the dates for the first and second disclosures of the PSR is denied.”

Court Filing in the United States District Court. Source: CourtListener
Court Filing in the United States District Court. Source: CourtListener

The filing explains that SBF requests more time to “collect materials necessary” for the sentencing date on March 11, 2024.

SBF’s lawyers argue he should not undergo the sentencing process for the conviction counts or the presentence interview until resolving all severed fraud counts.

Read more: FTX Collapse Explained: How Sam Bankman-Fried’s Empire Fell

SBF Has Been Providing Crypto Tips To Prison Guards

Meanwhile, reports have been circulating that SBF has been providing crypto tips to prison guards. Since August, SBF has been in prison, undergoing trial after a period of house arrest.

On November 24, BeInCrypto reported that SBF has now obtained his “desired Adderall dosage.” He is also using mackerel fish as a form of currency and is being provided with his preferred vegetarian food.

This follows the jury recently deciding that SBF is guilty of all fraud charges.

On November 3, BeInCrypto reported that all 12 members of the jury rendered a guilty verdict. This was on all seven counts of fraud. This follows the prosecutors alleging that he embezzled $8 billion from the crypto exchange FTX, which collapsed in November 2022.

Read more: How To Make Money With Cryptocurrency: Top 4 Ways In 2024

Top crypto projects in the US | May 2024

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Ciaran Lyons
Ciaran is a cryptocurrency journalist based in Sydney, Australia. He particularly enjoys writing about CBDC developments and the practical implementations of cryptocurrency in real-world scenarios. He has also appeared across major television networks in Australia including Channel Ten, Channel Nine and SBS TV. Prior to his foray into cryptocurrency, Ciaran worked as a presenter on national radio station Triple J.
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