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Sam Bankman-Fried, 32, sentenced to 25 years for stealing $8 billion from FTX customers. Judge Kaplan rejected his no losses claim. Found guilty on seven fraud counts related to FTX's collapse, with a vow to appeal.
Sam Bankman-Fried: The man behind FTX's rise and fall - The Hindu BusinessLine thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.
Photo Illustration by Luis G. Rendon/The Daily Beast/Getty ImagesU.S. District Judge Lewis Kaplan tore into FTX founder Sam Bankman-Fried during his sentencing hearing on Thursday, blasting the convicted fraudster as a remorseless, serial liar who had perjured himself on the stand and attempted to commit witness tampering. Kaplan then sentenced Bankman-Fried to 25 years in prison, capping a stunning downfall for the former public face of crypto.Bankman-Fried, who was convicted on seven fraud and
NEW YORK: Sam Bankman-Fried lied on the witness stand at his fraud trial last year when he said he did not know that his hedge fund had spent customer deposits taken from the FTX cryptocurr
The hearing marks the final step in Bankman-Fried's downfall from an ultra-wealthy cryptocurrency entrepreneur and major political donor to the biggest trophy to date in a crackdown by US authorities.
Bankman-Fried Sentenced To 25 Years For Multi-Billion Dollar FTX Fraud menafn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from menafn.com Daily Mail and Mail on Sunday newspapers.
Crypto mogul Sam Bankman-Fried sentenced to 25 years for multibillion-dollar FTX fraud scmp.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from scmp.com Daily Mail and Mail on Sunday newspapers.
Prosecutors are seeking 40 to 50 years behind bars for 32-year-old Bankman-Fried, while his defense lawyers have argued he should receive less than 5-1/4 years.
FTX Crypto Fraudster Sam Bankman-Fried Sentenced to 25 Years in Prison thedailybeast.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thedailybeast.com Daily Mail and Mail on Sunday newspapers.