Sam Bankman-Fried should be sentenced to 40 to 50 years in prison, prosecutors say

Mr. Bankman-Fried, who was convicted of seven counts of fraud and conspiracy, faces a maximum sentence of 110 years.

Federal prosecutors said Friday that Sam Bankman-Fried, the cryptocurrency mogul convicted of masterminding a multibillion-dollar fraud, should be sentenced to 40 to 50 years in prison.

Prosecutors made the recommendation in a filing with the U.S. District Court. Manhattan Court. Mr. Bankman-Fried’s sentencing hearing is scheduled for March 28, when Judge Lewis A. Kaplan will decide his fate. He faces a maximum sentence of 110 years in prison.

“Justice demands that he receive a prison sentence commensurate with the extraordinary dimensions of his crimes,” they said. prosecutors said in a 116 one-page sentencing memo to the judge.

The federal Probation Department separately recommended a 100-year sentence for Mr. Bankman-Fried , 32 years, effectively a life sentence. But prosecutors said in the filing that sending him to prison for the rest of his life was not justified, despite the seriousness of his crime, because of his relative youth.

In a court filing last month, Mr. Bankman-Fried's lawyers argued that he should receive a sentence of no more than six and a half years.

A spokesman for Mr. Bankman-Fried said Friday that his lawyer would file a response to the government early next week.

We have having difficulty retrieving article content.

Please enable JavaScript in your browser settings.

Thank you for your patience while we check access. If you are in Reader mode, please exit and sign in to your Times account, or subscribe to the entire Times.

Thank you for your patience while we let's check access.

Already subscribed?