"Prosecutors Recommend 40-50 Year Prison Sentence for Sam Bankman-Fried"

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Source: The Washington Post
"Prosecutors Recommend 40-50 Year Prison Sentence for Sam Bankman-Fried"
Photo: The Washington Post
TL;DR Summary

Federal prosecutors are seeking a 40 to 50-year prison sentence for cryptocurrency mogul Sam Bankman-Fried, who they say defrauded over 1 million victims of more than $8 billion through wire fraud, conspiracy to commit fraud, and conspiracy to commit money laundering in connection with his oversight of FTX. Bankman-Fried's attorneys are requesting a five- to six-year prison term, citing his charitable work and autism, while prosecutors argue that he led a life of "unmatched greed and hubris" and is unrepentant. The sentencing is scheduled for March 28.

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