Prosecutors seek from 40 to 50 years in prison for Sam Bankman-Fried for cryptocurrency fraud
Headline from The Republic
NEW YORK (AP) — Federal prosecutors asked a New York judge on Friday to sentence FTX founder Sam Bankman-Fried to between 40 and 50 years in prison for cryptocurrency crimes they described as a “historic fraud.
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US prosecutors have requested that a court sentence disgraced crypto mogul Sam Bankman-Fried to between 40 and 50 years imprisonment for massive fraud that cost customers $8 billion, court documents…
NEW YORK (AP) — Federal prosecutors asked a New York judge on Friday to sentence FTX founder Sam Bankman-Fried to between 40 and 50 years in prison for cryptocurrency crimes they described as a “historic fraud.
Bankman-Fried was found guilty of seven counts of fraud and conspiracy last year over customers’ money that went missing from his cryptocurrency exchange FTX.
Sam Bankman-Fried, founder of the crypto exchange FTX, was convicted in November of fraud-related charges, and prosecutors are now seeking a 40- to 50-year prison sentence.
Federal prosecutors want disgraced cryptocurrency wunderkind Sam Bankman-Fried to serve up to 50 years behind bars, saying the massive scope of his crimes cry out for this lengthy prison sentence, court papers revealed Friday.
