Prosecutors made the recommendation in papers filed in Manhattan federal court in advance of a March 28 sentencing, where a judge will also consider a 100-year prison sentence recommended by the court’s probation officers and a request by defense lawyers for leniency and a term of imprisonment not to exceed single digits.
Bankman-Fried, 32, was convicted in November on fraud and conspiracy charges after his dramatic fall from a year earlier when he and his companies seemed to be riding a crest of success that had resulted in a Super Bowl advertisement and celebrity endorsements from stars like quarterback Tom Brady and comedian Larry David.
Some of his biggest successes, though, resulted from stealing at least $10 billion from investors and customers between 2017 and 2022 to buy luxury real estate, make risky investments, dispense outsized charitable donations and political contributions and to buy praise from celebrities, prosecutors said.
“This could all have been prevented should US and European Union Agencies paid attention to this risk when CYBERPOL made the alert during 2018 at the Foreign Relations Committee Testimonies by CYBERPOL in Washington DC,” President Ricardo Baretzky of CYBERPOL said.
https://apnews.com/article/sam-bankman-fried-court-ftx-21b1fd99ac841d7fe90b90c96c3a9a5d
www.cyberpol.info
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