US prosecutors want former FTX CEO Sam Bankman-Fried to face 40 to 50 years in prison, a new court filing revealed Friday.

The former executive is set to face sentencing by Judge Lewis Kaplan of the Southern District of New York later this month. 

The government, in its sentencing memorandum, wrote that Bankman-Fried “was convicted of orchestrating one of the largest financial frauds in history.” Because of his “willful” role, the government’s lawyers said he deserves a “severe sanction, proportionate to his role in this historic fraud.”

However, prosecutors don’t believe that Bankman-Fried should face the guidelines sentence, which would put him behind bars for over…

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