Posted 3/15/2024, 8:18:55 PM
Prosecutors Seek Up to 50 Years for Bankman-Fried Over Massive FTX Fraud
- Prosecutors recommend Bankman-Fried serve 40-50 years in prison for FTX fraud
- Scope and number of crimes he committed "exceptionally deserving" of severe sentence
- Convicted of 7 counts of wire fraud, securities fraud, money laundering that swindled FTX customers
- Stole life savings and retirement funds from tens of thousands of everyday people
- Privileged upbringing makes crimes worse; succumbed to unmatched greed and hubris
