SBF Lawyers Say He Should Get 6 Years in Jail, Pay Back Nothing

FTX co-founder Sam Bankman-Fried should serve no more than 6 1/2 years in prison for orchestrating the fraud that brought down the cryptocurrency exchange, his lawyers told a federal judge who could issue a sentence of as long as 20 years for the most serious charges.

Attorneys for the 31-year-old former crypto mogul made their recommendation to US District Judge Lewis A. Kaplan in a 98-page memo late Tuesday ahead of his March 28 sentencing. The filing includes letters from Bankman-Fried’s supporters, including his parents and public health advocates from Africa attesting to his charity work.

Under federal sentencing guidelines ...