Sam Bankman-Fried's downfall is complete - Hindustan Times
The erstwhile crypto king is convicted of seven counts of fraud
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The erstwhile crypto king is convicted of seven counts of fraud
Samuel Bankman-Fried, also known as SBF, 32, was sentenced by a US court on Thursday (March 28, 2024) to 25 years in prison, three years of supervised release, and ordered to pay $11 billion in forfeiture for his orchestration of multiple fraudulent schemes.
Prior to Sam Bankman-Fried’s sentencing on Thursday, prosecutors relied heavily on testimony from ex-girlfriend Caroline Ellison in building its case.
Prior to Sam Bankman-Fried's sentencing on Thursday, prosecutors relied heavily on testimony from ex-girlfriend Caroline Ellison in building its case.
Why didn’t the former crypto-billionaire boy wonder get the short sentence he wanted? It came down not just to his crimes but what he said and did on the stand.