Imprison crypto fraudster Bankman-Fried 40 to 50 years, say feds

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Manhattan federal prosecutors say fallen cryptocurrency mogul Sam Bankman-Fried’s theft of $8 billion from his customers should land the 32-year-old former billionaire in prison for 40 to 50 years. In court papers filed Friday, the prosecutors called his crime “likely the largest fraud in the last decade.” “Justice requires that he receive a prison sentence commensurate with the extraordinary dimensions of his crimes,” prosecutors wrote in the 116-page sentencing recommendation submitted to Judge Lewis Kaplan. “The defendant victimized tens of thousands of people and companies, across several continents, over a period of multiple years,” prosecutors wrote. “He stole money from...