Sam Bankman-Fried to be sentenced for multibillion-dollar fraud this week

Former FTX CEO faces up to 100 years in prison should the judge hand out the harshest penalty

Sam Bankman-Fried, once the CEO of FTX and a billionaire wunderkind of the cryptocurrency world, will be sentenced to prison time on Thursday in New York City.

Should the judge in his case impose the harshest penalty allowed, the 32-year-old would face more than 100 years and die an incarcerated man, a possibility his lawyer has called “grotesque.”