Sam Bankman-Fried Gets a 25-Year Sentence

25
2295

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.

You can comment on the article after the ads and subscribe to the Daily Newsletter here if you would like a quick view of the articles of the day and any late news:

PowerInbox
0 0 votes
Article Rating
25 Comments
Newest
Oldest Most Voted
Inline Feedbacks
View all comments
JBnID
1 year ago

He’ll be treated as kind as any Congressman…..because he helped elect so many of them.

VictorD
1 year ago

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.

Tross
1 year ago

He want spend anywhere near that. Or he may go out like Epstein did.

Last edited 1 year ago by Tross
Hal P
1 year ago

Oh he’s going to do so well in prison.. He’s going to be someone’s bitch.

Anonymous
1 year ago

Medium security prison. Cocktail hour is 5pm to 6pm.