The former crypto billionaire was found guilty on all seven charges he faced in November, and the judge is scheduled to deliver a sentence on March 28th.
Bankman-Fried’s lawyers suggested a 5- to 6-year prison sentence but a filing submitted by the prosecution on Friday disagrees: > While a Guidelines sentence – which would exceed 100 years, effectively a life sentence – is not necessary, the Government urges the Court to impose a sentence that underscores the
remarkably serious nature of the harm to thousands of victims; prevents the defendant from ever again committing fraud; and sends a powerful signal to others who might be tempted to engage in financial misconduct that the consequences will be severe. > A sentence of 40 to 50 years is necessary to serve such purposes.
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