Posted 3/15/2024, 8:34:00 PM
Prosecutors Seek Up to 50 Years for Bankman-Fried After $8B FTX Downfall
- Prosecutors recommend 40-50 year prison sentence for Sam Bankman-Fried after $8B FTX collapse
- Jury convicted Bankman-Fried on all counts related to defrauding investors, customers, and lenders
- Prosecutors Bankman-Fried was motivated by "unmatched greed and hubris" in running FTX
- Defense lawyers argue for 5-6 year sentence, say clients would get most money back
- Judge to decide on sentence March 28; Bankman-Fried plans to appeal conviction
