Sam Bankman-Fried Should Spend 40-50 Years in Prison, DOJ Says

New York Stock Exchange with banner flagging ProShares Bitcoin Strategy ETF on the day it started trading.


In a sentencing memo filed Friday, the Department of Justice’s Southern District of New York office wrote that Bankman-Fried “lied to investors,” shared fake documents and “pumped millions of dollars in illegal donations into our political system,” adding that a sentence of 40 to 50 years is “necessary,” alongside a recommended money judgement north of $11 billion and forfeiture.


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