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“When a judge is sentencing a defendant in a multi-count case, assuming conviction on multiple counts, judges generally say ‘I’m going to distill this down to what the alleged crime is,’” Auerbach said. “If the essential crime is, let’s assume a conviction that Bankman-Fried misled his investors, his lenders and his customers, basically those are all variations on the same theme, so [the judge will] sentence for that core wrongful conduct.”
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