Bankman-Fried Should Get Up to 50 Years in Prison, US Says
- Prosecutors say SBF showed brazen disrespect for rule of law
- Bankman-Fried lawyers had proposed a 6 1/2-year sentence
Sam Bankman-Fried
Photographer: Victor J. Blue/BloombergThis article is for subscribers only.
Prosecutors said Sam Bankman-Fried should get as much as 50 years behind bars for his role in the collapse of his FTX cryptocurrency exchange in “what is likely the largest fraud of the last decade.”
A sentence ranging from 40 to 50 years is necessary for Bankman-Fried’s “historic” crime involving more than 1 million victims and losses of more than $10 billion, prosecutors said Friday in a court filing. The request is far less than the 100 years recommended in US criminal sentencing guidelines, but much more than the 6 1/2-years his lawyers suggested.