Posted 3/25/2024, 12:00:00 PM
FTX Founder Sam Bankman-Fried Faces Decades in Prison at Fraud Sentencing
- FTX co-founder Sam Bankman-Fried faces up to 110 years in prison when sentenced this week for fraud
- Prosecutors want 40-50 year sentence while defense argues for 5 1⁄4 - 6 1⁄2 years
- Bankman-Fried was convicted in November of wire fraud and conspiracy
- FTX collapsed last year after customer withdrawals and merging assets with Alameda Research
- Several former Bankman-Fried associates testified against him after pleading guilty
