Attorneys for Bankman-Fried, meanwhile, say he should get no more than six-and-a-half years behind bars for stealing $8 billion from his customers.
, with charging documents revealing Friday they’ve asked for a sentence between 40 to 50 years for the disgraced crypto mogul.
Bankman-Fried’s sentencing hearing is slated for March 28, but he’s been jailed at the Metropolitan Detention Center in Brooklyn since August. “This need for deterrence is especially important in the area of cryptocurrency, where some individuals have operated under the misimpression that they are unregulated, not subject to criminal laws, or can avoid scrutiny or significant jail time,” prosecutors wrote.
A total of 29 letters have been penned in support of Bankman-Fried, asking U.S. District Judge Lewis Kaplan to show leniency when it comes time to sentence him. Among the letter writers are Bankman-Fried’s parents, both Stanford law professors, who claimed their son was unfairly vilified by the press and that he’d face hardship in prison that spans beyond what a typical prisoner would face.
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