FTX founder Sam Bankman-Fried was sentenced Thursday to 25 years in prison for fraud tied to the collapse of his digital exchange.
Less than two years ago, Bankman-Fried was the crypto king. He hung around with heads of state, had a $30 million penthouse in the Caribbean and vowed to use his wealth to better humanity.
Last year, a jury found the 32-year-old guilty of stealing billions of dollars from FTX customers and defrauding investors and lenders to his crypto investment firm Alameda Research.
Bankman-Fried, standing with his hands clasped, told the judge before sentencing Thursday that he was haunted every day by what he had thrown away. “I was responsible for FTX, and its collapse is on me,” he said during a 20-minute statement.
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He’ll be treated as kind as any Congressman…..because he helped elect so many of them.
Be suspicious of any dem/liberal/progressive slob croaking that he or she wants to “better humanity”. Fact is they really want to “better” their coffers while having the gullible and naive believe their stupid lies, such as seen with Joe Biden.
He want spend anywhere near that. Or he may go out like Epstein did.
Oh he’s going to do so well in prison.. He’s going to be someone’s bitch.
Medium security prison. Cocktail hour is 5pm to 6pm.