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The Guardian - US

Business

Blake Montgomery

Sam Bankman-Fried to be sentenced for multibillion-dollar fraud this week

Sam Bankman-Fried FTX John Ray Caroline Ellison Mark Cohen Prison Alameda Research

Sam Bankman-Fried followed by police officers outside the Manhattan federal court in New York City — Sam Bankman-Fried’s lawyer described the possibility of him serving 100 years in prison as ‘grotesque’. Photograph: Amanda Perobelli/Reuters

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.”

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One subscription that gives you access to news from hundreds of sites

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