Federal prosecutors advocate for 40 to 50 years of imprisonment for FTX founder SBF
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FTX exchange founder Sam Bankman-Fried (SBF) may face a long prison sentence. U.S. federal prosecutors are pushing for harsh punishment for SBF, recommending a sentence of 40 to 50 years in prison. Prosecutors accuse SBF of recklessly handling customer funds and show no remorse for his actions.
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Judgment Day Approaches
US District Judge Lewis Kaplan is set to announce SBF's judgment on March 28th. Meanwhile, SBF is not backing down and plans to appeal his conviction and sentence. The upcoming judgment in the Manhattan federal court will mark a crucial milestone in the history of the cryptocurrency industry's most significant fraud case.
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