A new document reveals a 19-point plan aimed at attempting to restore SBF’s public image and avoid further legal issues following the exchange’s collapse in 2022.
Among the new evidence presented by US prosecutors during the trial of Sam Bankman-Fried, former CEO of FTX, a Google Docs document titled “random probably bad ideas” was shown, listing 19 ideas by SBF to try to alter the story about the end of the exchange.
The ideas included initiatives such as being interviewed by journalist Tucker Carlson, declaring oneself a Republican, leaking confidential documents to the press, and criticizing the lawyers who took over the company after the Chapter 11 bankruptcy filing. SBF had also contemplated showing support for digital assets and freedom and promoting a narrative against competitor Binance.
The future of SBF
SBF’s sentencing is still pending. According to US sentencing guidelines, the former CEO of FTX, convicted in November 2023 for fraud and money laundering, could face a maximum sentence of 110 years. However, at present, the most likely scenario appears to be a sentence between 40 and 50 years. SBF’s defense is aiming for a sentence of less than seven years in prison. The decision of Judge Lewis Kaplan is expected to be delivered on March 28th.
During the trial, prosecutors highlighted SBF’s attempt to launch a new company called Archangel LTD. The goal was to restart an exchange similar to FTX. This move has raised concerns from the court about the likelihood of new fraudulent actions by SBF in the event of early release.
