Former FTX CEO Sam Bankman-Fried is facing a potential sentence of 20 to 25 years in prison, according to former government prosecutors. The maximum sentence for his crimes has been estimated at 110 to 115 years. The prosecutors believe that Bankman-Fried’s fraud through FTX and alleged perjury during the trial warrant a severe sentence. However, they also acknowledge that Judge Lewis Kaplan may consider the circumstances and show more sympathy towards the victims. Another legal expert suggests that Bankman-Fried could receive a harsher sentence closer to the maximum. Factors such as the number of customers affected, the size of the fraud, and the unanimous guilty verdict could influence the final decision. Bankman-Fried’s relatively young age and the non-violent nature of his crimes may mitigate the sentence. It is also mentioned that Bankman-Fried faces a second trial related to campaign financing and bribery charges, which could further extend his sentence. The former CEO will be sentenced on March 28, 2024.

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Information	Details
Geography	North America
Countries	🇺🇸
Sentiment	negative
Relevance Score	1
People	Renato Mariotti, Sam Bankman-Fried, Jared Carter, Yesha Yadav, Kevin J. O’Brien
Companies	FTX, CNBC, U.S. Department of Justice, Vanderbilt University, Judge Lewis Kaplan
Currencies	None
Securities	None