NEW YORK (AP) — FTX founder Sam Bankman-Fried's orchestration of one of history's largest financial frauds in his quest to dominate the cryptocurrency world deserves a prison sentence of 40 to 50 years, federal prosecutors on Friday told a federal judge.
“His life in recent years has been one of unmatched greed and hubris; of ambition and rationalization; and courting risk and gambling repeatedly with other people’s money.
And even now Bankman-Fried refuses to admit what he did was wrong,” prosecutors wrote.
Bankman-Fried was extradited to the United States in December 2022 from the Bahamas after his companies collapsed a month earlier.
“Even following FTX’s bankruptcy and his subsequent arrest, Bankman-Fried shirked responsibility, deflected blame to market events and other individuals, attempted to tamper with witnesses, and lied repeatedly under oath,” prosecutors said, citing his trial testimony.
Persons:
— FTX, Sam Bankman, Prosecutors, Tom Brady, Larry David, “, Fried, ”, ” “, Judge Lewis A, Kaplan, Marc Mukasey, “ Sam, ” Mukasey, —
Locations:
Manhattan, ”, United States, Bahamas, Palo Alto , California