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The fall of the Cryptocurrency King, prosecutors seek up to 50 years in prison for Sam Bankman-Fried

Federal prosecutors have asked for a sentence of between 40 and 50 years for Ftx founder Sam Bankman-Fried due to the “extraordinary size” of the multibillion-dollar fraud committed by the cryptocurrency magnate. Potential charges he faced could have resulted in “up to 110 years in prison,” a sentence his defense deemed “grotesque.” In a document spanning over 100 pages, prosecutors methodically laid out Bankman-Fried’s crimes: wire fraud, conspiracy to commit fraud, and conspiracy to commit money laundering. Authorities estimate he defrauded at least 1 million victims of over $8 billion and are seeking an $11 billion restitution order. Judge Lewis A. Kaplan in New York is expected to make his decision on March 28.

The rise and fall of Bankman-Fried have marked one of the largest cases of financial fraud in modern history. After becoming the public face of cryptocurrencies, Bankman-Fried became emblematic of an industry lacking in rules and oversight. His attorneys told the district judge that a sentence of five to six years would be appropriate, as most of FTX’s clients had recovered their funds and Bankman-Fried did not intend to steal. They also announced their intention to appeal the sentence and conviction.

According to federal prosecutors in Manhattan, Bankman-Fried’s recent years have been characterized by unparalleled greed, arrogance, ambition, and gambling with other people’s money. They emphasized that he refuses to admit that what he did was wrong. The scale of his fraud has affected over 1 million victims, with losses reaching over $8 billion. Prosecutors have requested an $11 billion restitution order for Bankman-Fried. The decision is now in the hands of Judge Lewis A. Kaplan, who is set to make his ruling on March 28.

Bankman-Fried’s attorneys argue that a sentence ranging from five to six years in prison would be appropriate, as FTX clients have mostly recovered their funds and their client had no intention of stealing. They have expressed readiness to appeal the sentence and conviction. Bankman-Fried’s transformation from a prominent figure in the world of cryptocurrencies to an emblematic figure of an industry lacking in oversight and rules has set him on a path to one of the largest financial fraud cases in modern history. The decision now rests with Judge Lewis A. Kaplan, who is expected to rule on March 28.

The prosecution’s request for a 40 to 50-year sentence for Ftx founder Sam Bankman-Fried is due to the “extraordinary size” of the multibillion-dollar fraud he committed in the world of cryptocurrencies. Potential charges he faced could have resulted in “up to 110 years in prison,” a sentence his defense considered to be “grotesque.” In a detailed document, prosecutors outlined Bankman-Fried’s crimes, including wire fraud, conspiracy to commit fraud, and conspiracy to commit money laundering. Authorities estimate that he defrauded over 1 million victims of more than $8 billion and are seeking an $11 billion restitution order. Judge Lewis A. Kaplan in New York is expected to render his decision on March 28.

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World meat industry news

All news / a meat processing plant will be built in the moscow region on the territory of the industrial park "lytkarino".

• 06 Apr 2023, 10:01

In the Moscow region, an investment project is being implemented to build a meat processing plant LLC Meat Manufactory Lytkarino, the company has already received a construction permit and plans to start building production on the territory of the industrial park Lytkarino in the near future, the press service of the Ministry of Agriculture and Food of the Moscow Region reports.

“The enterprise will produce meat products at the level of world standards. This will allow us to take a leading position in the market, as well as create new jobs for the residents of the region. The design capacity of production is 1260 tons of finished products per month. The total amount of proposed investments is more than 1.5-2 billion rubles,” said Georgy Filimonov, Deputy Chairman of the Government of the Moscow Region, who is in charge of the Ministry of Agriculture and Food.

The plant will produce raw smoked and boiled sausages, frankfurters, pates. Products will be made from frozen and chilled raw materials of Russian producers - poultry, pork, beef.

The project will be completed by 2025. It is planned to reach full production capacity within 20 months from the moment the facility is put into operation.

The construction of the new enterprise will make it possible to organize about 300 new jobs.

Domodedovo International Airport, Moscow Oblast, Russia

Ostafyevo international airport, moscow oblast, russia, vnukovo international airport, moscow, russia, sheremetyevo international airport, moscow oblast, russia, tver migalovo, kalinin; russia, metar reports.

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Puige Yacht Man Metal Eau De Toilette Spray, 3.4 onzas

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• 3.4 oz - Retail

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Yacht Man Metal by Myrurgia is a Aromatic Spicy fragrance for men. Yacht Man Metal was launched in 2005. The fragrance features citruses, spices, musk and woodsy notes.

Detalles del producto

• Descatalogado por el fabricante ‏ : ‎ No
• Dimensiones del producto ‏ : ‎ 5 x 3 x 2 pulgadas; 11,2 Onzas
• Número de modelo del producto ‏ : ‎ 146977
• Departamento ‏ : ‎ Beauty
• UPC ‏ : ‎ 102234148890 621227461254 885514982642 740704945695 521227458059 885892038542 611104904479 070070244857 880234198069 700999550271 102244077913
• Fabricante ‏ : ‎ Universal Perfumes
• ASIN ‏ : ‎ B0018DAUDK
• nº1,884 en Agua de Tocador para Hombres

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