FTX Founder Sam Bankman-Fried Sentenced to 25 Years for Fraud
"My useful life is probably over," Sam Bankman-Fried, who was found guilty in November for defrauding his customers and investors, said at his sentencing on Thursday
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"My useful life is probably over," Sam Bankman-Fried, who was found guilty in November for defrauding his customers and investors, said at his sentencing on Thursday
Disgraced FTX CEO and Democrat Megadonor Sam Bankman-Fried on Thursday was sentenced to 25 years in jail for fraud after facing up to 100 years in jail.
Sam Bankman-Fried's sentence of 25 years puts him at the high end for sentence length in prominent white-collar fraud cases. He faced over 100 years in prison under federal sentencing guidelines.
FILE - FTX founder Sam Bankman-Fried leaves Federal court on July 26, 2023, in New York. T
FTX co-founder Sam Bankman-Fried was sentenced to 25 years in prison. The decision sets the tone for others accused of crimes involving digital assets, including former Celsius Network Ltd. Chief Executive Officer Alex Mashinsky, Terraform Labs Pte co-founder Do Kwon and Binance Holdings Ltd. founder Changpeng Zhao.