HomeCrimeProsecutors want up to 50 years for Bankman-Fried

Prosecutors want up to 50 years for Bankman-Fried

Sam Bankman-Fried leaves Manhattan federal court in New York on Feb. 16, 2023. A slimmed down, foot-tapping FTX founder Sam Bankman-Fried made a brief appearance in a Federal courtroom in New York, Wednesday, Feb. 21, 2024, to switch lawyers before his sentencing next month. (AP Photo/Seth Wenig, File)

Sam Bankman-Fried leaves Manhattan federal court in New York on Feb. 16, 2023. (AP Photo/Seth Wenig, File)

Prosecutors said they want fallen ‘crypto king’ Sam Bankman-Fried sent to prison for up to half a century, less than the probation department’s recommended 110 years and a lot more than what his defense attorney wants — 6 1/2 years max.

In the government’s 116-page sentencing memo, prosecutors said a sentence of between 40 and 50 years is “necessary to reflect the seriousness of the defendant’s crimes, to promote respect for the law, to provide just punishment for the defendant’s grievous criminal conduct, and to protect the public from further crimes of the defendant.”

A jury in Manhattan convicted him in November of cheating customers and investors of at least $10 billion. Bankman-Fried was indicted on eight counts, including wire fraud, conspiracy and campaign finance violations.

RELATED ARTICLES
- Advertisment -

Most Popular

- Advertisment -
Share on Social Media