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Sam Bankman-Fried sentenced to 25 years for multi-billion dollar FTX fraud

submitted by Scyber to news 1 monthMar 28, 2024 14:16:11 ago (+29/-0)     (www.reuters.com)

https://www.reuters.com/technology/sam-bankman-fried-be-sentenced-multi-billion-dollar-ftx-fraud-2024-03-28/

Summary
Judge says Bankman-Fried knew his actions were criminal
Bankman-Fried acknowledges FTX customers had suffered
NEW YORK, March 28 (Reuters) - Sam Bankman-Fried was sentenced to 25 years in prison by a judge on Thursday for stealing $8 billion from customers of the now-bankrupt FTX cryptocurrency exchange he founded, the last step in the former billionaire wunderkind's dramatic downfall.
U.S. District Judge Lewis Kaplan handed down the sentence at a Manhattan court hearing after rejecting Bankman-Fried's claim that FTX customers did not actually lose money and finding that he lied during his trial testimony. A jury found Bankman-Fried, 32, guilty on Nov. 2 on seven fraud and conspiracy counts stemming from FTX's 2022 collapse in what prosecutors have called one of the biggest financial frauds in U.S. history.


19 comments block

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[ - ] canbot 14 points 1 monthMar 28, 2024 15:03:13 ago (+14/-0)

Out in 10 and probably still has a billion hidden in some jew bank.

[ - ] inaminit 4 points 1 monthMar 28, 2024 16:26:22 ago (+4/-0)

More money than that and the kike judge will write a letter to the parole board - In his favor. Federal prison is a resort with golf, tennis and gourmet meals.

[ - ] VaccineWaters 1 point 1 monthMar 28, 2024 17:36:18 ago (+1/-0)

maybe never went in

[ - ] Master_Foo 0 points 1 monthMar 28, 2024 19:58:28 ago (+0/-0)

Nah, he will "didn't kill himself" in a few weeks and retire to whatever new pedo island Epstein is at.

[ - ] HonkyMcNiggerSpic 6 points 1 monthMar 28, 2024 15:45:54 ago (+6/-0)

I heard he went up to the biggest nigger he could find in prison and licked his pole.

[ - ] dass 2 points 1 monthMar 28, 2024 17:17:21 ago (+2/-0)

More like said - "The Commissionary is on me - anything you and your boys want (snigger - rubs hands, silly goy beast)".

[ - ] NoRefunds 2 points 1 monthMar 28, 2024 17:59:59 ago (+2/-0)

Biden will pardon him

[ - ] Teefinyomouf 2 points 1 monthMar 28, 2024 17:41:54 ago (+2/-0)

King David had ups and downs too. But judging by the hair, his fate may be more in line with Absalom's.

[ - ] JustALover 2 points 1 monthMar 28, 2024 16:15:52 ago (+2/-0)

Sounds like he is going to commit suicide in his unguarded cell and his body will mysteriously not be found.

Nobody will think about looking for him in israel, though.

[ - ] Merlynn 1 point 1 monthMar 28, 2024 23:53:01 ago (+1/-0)

He'll be quietly paroled when the heat dies down.

[ - ] drhitler 1 point 1 monthMar 28, 2024 21:23:29 ago (+1/-0)

If what he did was THIS illegal than what about all the dems that accepted that money?

[ - ] Sector2 1 point 1 monthMar 28, 2024 17:19:39 ago (+2/-1)

My favorite cryptocurrency exchange is still the one run by the anon known as 'Pirate'. Users were shocked when he sailed off with their coins.

[ - ] Crackinjokes 1 point 1 monthMar 28, 2024 14:52:57 ago (+1/-0)

They got the big jew

[ - ] Anus_Expander 0 points 1 monthMar 28, 2024 20:26:03 ago (+0/-0)

If I stole that much money from jews they would have put a bullet in my head...this kike will be pardoned by Xiden.

[ - ] Clubberlang 1 point 1 monthMar 28, 2024 20:32:06 ago (+1/-0)

Or hired you to run the security detail.

[ - ] ProudRebel 0 points 1 monthMar 28, 2024 17:58:01 ago (+1/-1)

He'll do a couple of years max. He paid the kikes a lot of money.

[ - ] TheOriginal1Icemonkey 0 points 1 monthMar 28, 2024 23:09:01 ago (+0/-0)

Largest single donor to the DNC.

[ - ] big_fat_dangus 0 points 1 monthMar 28, 2024 16:05:12 ago (+1/-1)

lmao time to git gud kike boy

[ - ] dosvydanya_freedomz 0 points 1 monthMar 28, 2024 16:04:04 ago (+0/-0)

will get out in 5 if not earlier