Bankman-Fried could receive 50 years in prison

Published 17 March 2024 at 15.04

Foreign. At the end of the month, the court will announce the verdict in the case against the American crypto mogul Sam Bankman Fried. Now it's clear that prosecutors are asking for the mogul to get 50 years in prison.

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Sam Bankman-Fried has already been found guilty by the jury that found he committed mass fraud with its cryptocurrency exchange FTX, which led to the company's collapse.

It was in November that Bankman-Fried was found guilty of seven counts of fraud and “conspiracy” connected to FTX, which was the world's second largest cryptocurrency exchange at the time for its bankruptcy.

“In every aspect of his business, and with respect to every crime committed, the defendant displayed a brazen disregard for the law,” federal prosecutors wrote in a filing published Friday< /p>

According to prosecutors, Bankman-Fried's “historic” crime involved over a million potential victims and caused more than $10 billion in losses.

FTX crash< /h2>

• Sam Bankman-Fried convicted – faces up to 110 years in prison
• Sam Bankman Fried imprisoned in New York
• Bankman-Fried's girlfriend cooperates with the prosecutor
• FTX new management demands back donations
• Bankman Fried's statement in court: "I have ADHD"

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