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Sam Bankman-Fried Faces Sentencing Amid Controversy Over Prosecution's Recommendation

Defense attorneys for FTX founder Sam Bankman-Fried argue against the 'medieval' 40-50 year sentence proposal, highlighting his efforts to make victims whole.

  • Defense team for Sam Bankman-Fried, convicted of fraud and conspiracy, contests the prosecution's 40-50 year sentence as excessively harsh.
  • Prosecutors emphasize the extensive harm caused to thousands of victims, recommending a severe sentence for Bankman-Fried's crimes.
  • FTX CEO John J. Ray III refutes Bankman-Fried's claims of no customer losses, detailing the extensive impact of the fraud on victims.
  • Bankman-Fried's legal team highlights his attempts to rectify the situation, including efforts to recover funds and ensure victims are compensated.
  • Sentencing set for March 28, with both sides presenting starkly different views on the appropriate punishment for Bankman-Fried's actions.
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