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Prosecutors are seeking 40 to 50 years behind bars for 32-year-old Bankman-Fried, while his defense lawyers have argued he should receive less than 5-1/4 years.
The crypto exchange co-founder, who led the now-bankrupt FTX, was convicted of fraud last year.
Fallen Crypto Mogul Sam Bankman-Fried Sentenced to 25 Years in Prison
Prior to Sam Bankman-Fried’s sentencing on Thursday, prosecutors relied heavily on testimony from ex-girlfriend Caroline Ellison in building its case.
A few years after graduating from college, Sam Bankman-Fried grew worried he was not taking enough risks. So the son of two Stanford Law School professors quit his Wall Street job and in 2017 started... -March 28, 2024 at 01:05 pm EDT - MarketScreener