Parents of the co-founder of FTX Sam Bankman-Fric are looking into options for an amnesty for their son from former US President Donald Trump, according to Bloomberg’s report.
According to what was reported, professors of the Faculty of Law at Stanford University, Joseph Bankman and Parbra Farid, conducted discussions in recent weeks with lawyers and individuals associated with the Trump circle regarding the potential opening of their 32 -year -old son, who was sentenced to 25 years in prison for fraud in 2024. They had contacted directly in the White House.
Uncertainty for pardon
After the FTX collapsed, a number of former executives benefited from wholesale discounts in exchange for their cooperation with the investigators. For example, Caroline Ellson, who once led Alaameda, was granted a reduced penalty for collaborating with prosecutors who are investigating the FTX collapse. She was sentenced to two years in prison and the prison sentence began in September 2023, and she obtained an early issuance for three months.
FTX’s former Executive Ryan Salame also received a sentence-a period of 7.5 years has been shortened for a year, with its expected issuance on March 1, 2031, under the first step law, which stimulates good behavior.
In addition, the former head of technology at FTX, Gary WangNisad Singh benefited from former engineering president Nisad Singh from a decrease after helping the authorities and managed to avoid imprisonment. Both were sentenced to three years in prison for the supervision of the supervision.
The same thing can be said to Bankman-Ried, who was sentenced to 25 years in prison on March 28, 2024.
Delay efforts To secure the Bankman-Ried version, follow a direction to search for compassion for prominent characters behind bars. Among the prominent examples of Ross Olbrecht, the Silk Road Darknet market, who received an amnesty from Trump on January 21 after his supporters had a campaign for years.
However, Bankman-PRIED may not get the same level as ULBRICHT.
Speculation about the potential pardon of Bankman-Fric increased in December, due significantly to discussions about his democratic party links. Tesla Illon Musk president has provided rumors by saying that he would “shock” if the amnesty is not granted. Nevertheless, prominent politicians, including former President Joe Biden, did not express his support for reaching.
FTX reorganization plan
The reorganization plan approved by the court, which came into effect on January 3, will return to 119 % of creditors’ claims. Under this plan, the initial group will be called “comfort classes” – which includes users who have $ 50,000 or less claims – the first to receive payments.
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