Page 3 - Mitchell Epner News Today

Sam Bankman-Fried on Thursday was sentenced to 25 years in prison, a year and a half after his crypto startup, FTX, imploded practically overnight and set off a massive a federal investigation.

The crypto exchange co-founder was convicted last year of stealing $8bn from investors.

Mar 28, 2024 - FTX co-founder and cryptocurrency wonder-kid Sam Bankman-Fried was sentenced Thursday to 25 years in federal prison for fraud and money laundering.Bankman-Fri

Legacy media outlets the Department of Justice neglected to mention that Sam Bankman-Fried was a top donor to Democratic-aligned causes in their releases.

By Lauren del Valle and Allison Morrow, CNN

The crypto exchange co-founder was convicted last year of stealing $8bn from investors.

The former financier is facing the possibility of a lengthy sentence after being convicted of fraud and conspiracy. The sentence will be announced this Thursday

Donald Trump’s tumultuous life has been rocked by bankruptcies, personal scandals, impeachments and election wins and losses, but nothing quite compares to the personal and financial crisis facing the once-and-possibly future president this week.

The former president's legal team had previously said he was unable to secure a bond from a private company for the full amount.

Attorney general could face same problems as ex-president in trying to liquify assets to meet the $454m fine amount