Internet pleased as prosecutors say Sam Bankman-Fried should serve at least 40 years behind bars

Warning: This article contains a recollection of crime and can be triggering to some, readers’ discretion advised.

NEW YORK CITY, NEW YORK: In a stunning development, federal prosecutors have unleashed an unprecedented call for disgraced crypto mogul Sam Bankman-Fried to face a staggering prison sentence of 40 to 50 years, as per NBC News.

Once celebrated as a prodigy in the emerging realm of digital finance, the former CEO of the now-defunct digital currency exchange FTX faces the looming threat of a massive downfall that may result in spending a significant portion of his life incarcerated.

Bankman-Fried's rapid ascent and dramatic downfall have captured global attention, and the prosecutors' call for such a harsh sentence has sparked a flurry of reactions across the internet.

Many applaud the move as a long-overdue accountability for the disgraced crypto leader's significant fraud.

Sam Bankman-Fried was convicted on seven counts of wire fraud, securities fraud, and money laundering

Bankman-Fried was convicted on a staggering seven counts of wire fraud, securities fraud, and money laundering in a New York City federal courthouse on November 2.

The jury's verdict left no room for doubt, holding him accountable for a fraud of monumental proportions that resulted in the financial ruin of thousands of unsuspecting customers.

In a blistering sentencing memorandum submitted on Friday, March 15, federal prosecutors depicted a man whose offenses were deemed so heinous and extensive that they warranted an exceptionally severe sentence.

Referring to the "scope, duration, nature, and sheer volume of Bankman-Fried's offenses," the memorandum asserted that the former crypto prodigy warranted "a sentence of exceptional severity to ensure justice is served."

Prosecutors also underscored Sam Bankman-Fried's privileged upbringing

The prosecutors' recommendation of 40 to 50 years behind bars stands in stark contrast to the meager five to six years requested by Bankman-Fried's defense team in February.

Their 98-page memo depicted him as a troubled individual grappling with cognitive and behavioral challenges, a narrative that appears to have fallen on deaf ears in the face of the overwhelming evidence against him.

Prosecutors also underscored Bankman-Fried's privileged upbringing, being raised by two Stanford University professors, juxtaposing it with his criminal conduct.

Despite having ample legal opportunities for success, they argue, Bankman-Fried succumbed to greed and recklessness, squandering the hard-earned money of numerous individuals.

Internet pleased with prosecutors' recommended sentence for Sam Bankman-Fried

As news of the prosecutors' recommendation spread like wildfire across the internet, a collective sigh of relief and satisfaction echoed through the digital realm.

One X user commented, "Good! Don't steal people's money!" Another echoed the sentiment, exclaiming, "As it should be!!!!!"

A user concurred, stating, "Good. No light sentences for financial crimes." Meanwhile, another individual asserted, "Good! He deserves every second of that time."

Another user expressed enthusiasm, remarking, "This would be awesome." Additionally, a user opined, "Seems reasonable."

 

This article contains remarks made on the Internet by individual people and organizations. MEAWW cannot confirm them independently and does not support claims or opinions being made online.