#Sam#Bankman-#Fried, once the CEO of #FTX and a billionaire wunderkind of the #cryptocurrency world, will be sentenced to prison time on Thursday in New York City.
Should the judge in his case impose the harshest penalty allowed, the 32-year-old would face more than 100 years and die an incarcerated man, a possibility his lawyer has called “grotesque.”
In advance of the hearing, lawyers for the US Department of Justice and for Bankman-Fried have engaged in bitter back-and-forth over how long of a prison sentence would be appropriate.
His lawyers have argued for a minimal sentence of just six years.
Prosecutors are advocating for 40-50 years for his “unmatched greed and hubris” in perpetrating the🔸 $8bn (£6.3bn) fraud.🔸