Sam Bankman-Fried is about to get sentenced for his FTX crimes. Here's what to know

Prosecutors are asking for 40 to 50 years, citing the severity of Bankman-Fried's crimes. Lawyers of the disgraced former head of FTX are asking for far less.Sam Bankman-Fried leaves Manhattan Federal Court after his arraignment and bail hearings on Dec. 22, 2022 in New York City. Bankman-Fried is awaiting his sentencing after being convicted of defrauding investors. He potentially faces decades in prison.

Judge Lewis Kaplan, the experienced no-nonsense judge who presided over Bankman-Fried's trial will hold a sentencing hearing at a Manhattan courtroom later in the day.Bankman-Fried was convicted of seven counts of fraud by a New York jury last year. During the Bankman-Fried trial, Kaplan kept a strictly business approach, frequently admonishing the former FTX CEO's lawyers when he felt they were going on tangents unrelated to the case.Bankman-Fried is onstage during the first annual Moonlight Gala benefitting Children With Special Needs at an event in New York City on June 23, 2022. At FTX's height, Bankman-Fried was feted for his business skills until his crypto business collapsed.

"The judge is going to be thinking about how he can punish, send a message both to Mr. Bankman-Fried and to the community that will be deterrent and satisfy the goal of punishment," she said."But at the same time, balance the need to give this very young person an opportunity to rehabilitate and have a life."

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