Legal Consequences Loom for Bankman-Fried: What to Expect
The Department of Justice (DOJ) has long ago highlighted the potential sentencing outcomes for Sam Bankman-Fried, should he be convicted on the various charges he faces.
Charges such as fraud, fraud conspiracy, money laundering conspiracy, etc., carry a maximum sentence of 115 years for Sam, but the judge could potentially group similar charges.
“If the core crime is, for example, a conviction that Bankman-Fried misled his investors, lenders, and customers, then the judge will sentence him for that central wrongful conduct,” experts say.
The complexity of cryptocurrency won’t overshadow the fundamental question: did he knowingly deceive?
They also suggest that if convicted, he could face 10 to 20 years in prison, considering the severity of the crimes and estimated losses.
“If the core crime is, for example, a conviction that Bankman-Fried misled his investors, lenders, and customers, then the judge will sentence him for that central wrongful conduct,” experts say.
The complexity of cryptocurrency won’t overshadow the fundamental question: did he knowingly deceive?
They also suggest that if convicted, he could face 10 to 20 years in prison, considering the severity of the crimes and estimated losses.
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