Bankman-Fried Sentenced: 25 Years

Posted on 03/29/2024

Founder of FTX Sam Bankman-Fried was sentenced to 25 years in prison. Prosecutors had requested 50 years. Judge Lewis A. Kaplan explained “he knew it was wrong” when he committed wire fraud and conspiracy. Bankman-Fried owes US$ 11.2 billion in restitution which will likely never be paid. FTX customers were found to have lost US$…

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