U.S. prosecutors hold submitted sentencing ideas for Sam Bankman-Fried, recommending to the court that the dilapidated FTX CEO be imprisoned for not less than 40 to 50 years.

In writing their advice to Resolve Lewis Kaplan, who has presided over Bankman-Fried’s trial, the federal government emphasized that the scale and callousness of his crimes search info from extreme punishment below federal sentencing guidelines.

“The defendant victimized tens of hundreds of of us and firms, all over several continents, over a length of a pair of years,” the advice reads. “He stole money from customers who entrusted it to him; he lied to merchants; he despatched fabricated paperwork to lenders; he pumped hundreds and hundreds of bucks in illegal donations into our political machine; and he bribed foreign officials. Every of these crimes is out of the ordinary of a lengthy sentence.”

Defense Asked for six Years

The federal government’s advice starkly contrasts with Bankman-Fried’s ask for a mere six-year sentence, with prosecutors arguing that the enormity of his fraud, resulting in over $10 billion in losses to FTX customers and along with his consistent felony conduct, deserves a extreme sentence. This stance is supposed to serve justice, deter future crimes, and be clear Bankman-Fried poses no further probability of criminal activity, the federal government acknowledged.

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The federal government eminent that its sentencing advice also took into consideration Bankman-Fried’s alleged campaign finance and bribery violations, in addition to to his failure to exhibit remorse or to find responsibility for his actions.

Importantly, the sentencing ideas plan to be clear Bankman-Fried isn’t ready to commit fraud over again. The prosecution offered to the court that, in accordance to Bankman-Fried’s hold sentencing submission, by his calculations, the “anticipated rate of his existence” is on the 2nd in “negative territory.” This mindset, they argue, blended with his note file of disregarding the implications of offloading probability to others, will inevitably drive him to reoffend.

Read extra: SBF Trial, Day 18: Sam Bankman-Fried Chanced on Responsible on All 7 Counts in Swift Verdict

A jury stumbled on Sam Bankman-Fried guilty on seven counts connected to fraud and conspiracy on November 2, 2023. Bankman-Fried maintained his innocence all around the trial, no subject several dilapidated friends and co-conspirators testifying in opposition to him after pleading guilty themselves, at the side of dilapidated FTX CTO Nishad Singh, dilapidated Alameda Analysis CEO Caroline Ellison, and FTX co-founder Gary Wang.



Sam Bankman-Fried’s sentencing hearing is scheduled for March 28, 2024.