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Prosecutors Recommend up to 50-Year Prison Sentence and $11,000,000,000 Money Judgment for Sam Bankman-Fried

Prosecutors are recommending that disgraced FTX founder Sam Bankman-Fried serve decades behind bars as well as be ordered to pay a staggering $11 billion money judgment.

In a new court filing, the prosecutors in the case say that while the guidelines recommend a sentence of up to 100 years – which is effectively a life sentence for the 32-year-old former chief executive – they are only going to advocate for a sentence of 40-50 years instead.

“The Government urges the Court to impose a sentence that underscores the remarkably serious nature of the harm to thousands of victims; prevents the defendant from ever again committing fraud; and sends a powerful signal to others who might be tempted to engage in financial misconduct that the consequences will be severe.

A sentence of 40 to 50 years is necessary to serve such purposes.”

Furthermore, the prosecution says that Bankman-Fried should be ordered to pay a fine of over $11 billion, a sum they described as being a conservative amount.

“At sentencing, the Court should impose a money judgment of $11,020,000,000, along with forfeiting the defendant’s interest in the specific property listed in the preliminary order of forfeiture submitted as an exhibit to this memorandum.

Such a money judgment represents the appropriate measure for forfeiture, under the facts and under the law; indeed it is a particularly conservative sum.”

Bankman-Fried was found guilty late last year of defrauding investors and mishandling billions of dollars worth of customer funds related to the multi-billion-dollar downfall of crypto exchange FTX in November 2022.

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10 COMMENTS

  1. …….”A sentence of 40 to 50 years is necessary to serve such purposes”……

    In Godzone, once he’d found an iwi to reconnect to & a sympathetic cultural report, he’d get two years converted to 12 months home detention.

    6

    0

  2. That is so unfair..
    They keep locking up the jews.
    Epstein, Ghislaine Maxwell (daughter of Robert; him born Ján Ludvík Hyman Binyamin Hoch) ,
    Weinstein, Bernie Madoff with ya dosh,
    Julius and Ethel Rosenberg, David Greenglass, Harry Gold (Heinrich Golodnitsky ) ,
    Rodney Adler

    This is so anti-semitic !!!!

    They are sooo oppressed and then the US goo-mint does this.
    More sufferings through the millennia.

    3

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  3. Mumsy
    Barbara Fried

    wiki
    She has investigated such topics as contractualism, libertarianism, and utilitarianism,[8] and is considered an
    >> expert on legal ethics
    ..well, she fucked up there
    —————
    Her academic work centers on a branch of ethics known as consequentialism, or the idea that the results of our actions are
    >> more important than abstract notions of right and wrong
    —————————
    Fried is a co-founder of the political fundraising organization Mind the Gap, which advocates support for Democratic Party candidates and funds get-out-the-vote groups.[15] The organization, described by Vox in January 2020 as “Silicon Valley’s secretive donor group”

    …Ah ha – down and dirty with the Demonrats. Quelle Surprise !
    ——————

    Fried’s partner is Stanford Law School professor Joseph Bankman, whom she met in 1988 while teaching at Stanford.
    >> The couple did not marry because they felt it was unfair to gay couples who could not legally marry.

    Ah, isnt that nice, dear. Thinking of the poofs.

    5

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