News Roundup

Published for NC Criminal Law on March 01, 2024.

Bankman-Fried sentencing. Regular readers know that I’m interested in the criminal case against Sam Bankman-Fried, founder of the fallen cryptocurrency exchange FTX. I even read a book about Bankman-Fried, which I reviewed here. He has been convicted in federal court and his sentencing hearing is set for March 28. The United States Probation Office has calculated his Guideline sentence as 110 years in prison, and has recommended a downward variance to 100 years. (They temper justice with mercy at the United States Probation Office.) Bankman-Fried’s attorneys have responded with a 90-page sentencing memorandum, arguing that Bankman-Fried is a selfless philanthropist at heart; that there are no victims of his crimes because it now appears that there were sufficient assets in FTX to pay all customers and creditors; and that a proper application of the Guidelines calls for a sentence of approximately 6 years but that given various mitigating circumstances, “a sentence that returns [Bankman-Fried] promptly to a productive role in society would . . . comply with the purposes of sentencing.” Stay tuned for further developments! And keep reading for more news. Idaho fails to execute inmate. This week brought a great deal of news related to capital punishment. First, on Wednesday, Idaho tried to execute Thomas Lee Creech, who the AP describes as “a 73-year-old serial killer who has been in prison for half a century.” Apparently, “[t]hree medical team members tried eight times to establish an IV” in order to administer a lethal injection, but were unable to secure [...]