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Former crypto mogul Sam Bankman-Fried faces the potential of decades in prison when he is sentenced Thursday for his role in the 2022 collapse of FTX, once one of the world's most popular platforms for trading digital currency.
Prosecutors had sought 40 to 50 years after cryptocurrency mogul was convicted of one of largest financial frauds in history
Bankman-Fried, 32, was convicted in November of fraud and conspiracy - a dramatic fall from a year earlier when he and his companies seemed to be riding a crest of success that resulted in a Super Bowl advertisement and celebrity endorsements from stars like quarterback Tom Brady and comedian Larry David.
Spending his 32nd birthday behind bars will have come as a shock to Sam Bankman-Fried (pictured with supermodel Gisele Bundchen).
Sam Bankman-Fried's parents Fried have arrived at court as the fraudster is set to face justice over stealing $8 billion from investors.