Federal prosecutors said on Friday that Sam Bankman-Fried, the cryptocurrency mogul who was convicted of masterminding a multibillion-dollar fraud, should receive a prison sentence of 40 to 50 years.
The prosecutors outlined the recommendation in a filing in U.S. District Court in Manhattan.
Mr. Bankman-Fried’s sentencing hearing is scheduled for March 28, when Judge Lewis A. Kaplan will decide his fate.
“Justice requires that he receive a prison sentence commensurate with the extraordinary dimensions of his crimes,” the prosecutors said in a 116-page sentencing memo to the judge.
The federal probation department separately recommended a 100-year sentence for Mr. Bankman-Fried, 32, effectively a life sentence.
Persons:
Sam Bankman, Bankman, Judge Lewis A, Kaplan
Organizations:
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Locations:
Manhattan