Prosecutors say the massive scale of the cryptocurrency mogul’s crimes calls for a lengthy prison term.
FTX founder Sam Bankman-Fried leaves federal court in New York in July. Prosecutors asked a New York judge on Friday to sentence Bankman-Fried to at least 40 years in prison for orchestrating a “historic fraud.” Federal prosecutors urged a New York judge to sentence Sam Bankman-Fried to 40 to 50 years in prison because of the “extraordinary dimensions” of the disgraced cryptocurrency mogul’s multibillion-dollar fraud.
In their sentencing memo, Bankman-Fried’s attorneys asked Judge Lewis A. Kaplan to issue a five- to six-year prison term. He faces as much as 100 years under federal sentencing guidelines, which would be “grotesque,” attorney Marc Mukasey wrote, for a “, complex and humane person” with a history of charitable work and altruistic ideals. Mukasey also cited Bankman-Fried’s autism as a reason for leniency.
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