Sam Bankman-Fried Should Spend 40-50 Years in Prison, DOJ Says

In a sentencing memo filed Friday, the Department of Justice’s Southern District of New York office wrote that Bankman-Fried “lied to investors,” shared fake documents and “pumped millions of dollars in illegal donations into our political system,” adding that a sentence of 40 to 50 years is “necessary,” alongside a recommended money judgement north of $11 billion and forfeiture.