Sam Bankman-Fried, the founder and former CEO of FTX and Alameda Research, could face up to 115 years in prison if convicted on all eight counts against him in a federal indictment unsealed Tuesday morning, according to congressional statutory maximum sentencing guidelines.
The charges against him including wire fraud, wire fraud conspiracy, and conspiracy to commit money laundering, each carry a maximum prison sentence of 20 years, according to a press release from the US Attorney’s Office for the Southern District of New York.
The crypto-trading platform founder could also see up to five years in prison for each count of conspiracy to commit commodities fraud and securities fraud, and conspiracy to defraud the United States and commit campaign finance violations, if convicted.
Even if convicted on all counts, Bankman-Fried would likely not be sentenced to the maximum, and his for each crime may run concurrently instead of consecutively, as is common and up to a judge’s discretion.
Source by CNN
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