US prosecutors want 50-year sentence for Bankman-Fried ...News

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US prosecutors want 50-year sentence for Bankman-Fried
The FTX founder’s sentencing hearing is scheduled for the end of this month Federal prosecutors have requested prison terms ranging from 40 to 50 years for Sam Bankman-Fried, founder of the cryptocurrency exchange FTX, over mass fraud leading to the company’s collapse. Lawyers have also asked that the defendant be ordered to pay $11 billion in restitution when he is sentenced on March 28 at the US District Court in Manhattan. The federal probation department separately recommended a 100-year sentence for Bankman-Fried, 32. He faces a maximum possible penalty of 110 years. In November, Bankman-Fried was found guilt

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