Sam Bankman-Fried – also known as SBF – has been sentenced to 25 years in prison for stealing billions of dollars from customers of his cryptocurrency exchange FTX.
The former billionaire CEO faces decades in prison for fraud and conspiracy charges stemming from his role in the collapse of FTX.
Prosecutors say Bankman-Fried took more than $10bn (£7.9bn) from unsuspecting customers in “one of the biggest financial frauds” in US history.
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He will never do 25 years. He is Jewish so there will be plenty of powerful people who will be helping him behind the scenes to get his sentence reduced on appeal. I imagine it will be reduced to 10 years and he will probably serve half that before getting paroled at a club Fed prison. Then he will be made wealthy by book and film deals.
Elizabeth holmes should have been sentenced to this long as well
Can someone please explain to me what this is all about. I could google it but I won’t.
Smart Boy 😂😂😂😂
Ciripto King Sam Bankman- Fried jailad for 25 years. He is telling lie.
King?? He was never a king, more like a jester!!!!!
Good news is that Bankman-Fried made good on his political donation before regulators could freeze his accounts. Converted a boatload of crypto into cash, got $38 million to Biden-Harris during 2020. It worked. And he will have his sentence commuted once the dust clears and the public is on to the next headline.
25 years is too light for Economic Sabotage
The worlds most generous billionare.
He will walk free in 10 years or so …
The word is "tenterhooks" not "tenderhooks." Why can't American journalists speak English?
Maxine Waters blew him … a kiss.
Why is Fried pronounced as "freed" when it's pronounced as "fried" in Fried Chicken?
Also looks like Sam Bankman won't be "freed" for a long time
And yet those responsible & found guilty of 2008 collapse are all still in high profile jobs at places like stanley morgaN!!!!
the money was invested without consent – a bit like the UK governments investing my pension without my consent & then not paying my annual increase because i choose to live in Thailand! The funds are there for everyone to be fully repaid.
Looks like those political donations paid off. Bernie madoff got 150 years this little weasel’s sentence is a joke
That’s why I don’t associate myself with that kind of stuff because I don’t like crypto currency ❤
Another Jew man found guilty of mega financial crimes. But why they were not stopped earlier?
Remember Bernie Medof ?
Another mega financial fraud Jewish guy caught after decades long financial fraud
Crypto is BS. People should realize that.
How much time did that little hobgoblin girlfriend of his get?
I can’t imagine losing millions of dollars 💵 💸 💸
gg easy, now the crypto market will fly!
Congratulations 😅😅😅😅😅
Re allocate 11 billions..and get 25 .. hes set the precedent .. set yourself for life ppl 😅😅
We need to "jail" mister BlackStone from J P Morgan Chase , now !!! 😡🇺🇲
We need to JAIL mister BlackStone from J P Morgan Chase , now ! 😡🇺🇲
Who was the judge that gave 25 years? And who gave the Judge the orders to only give 25 years
He should have gotten way higher!
Crypto King will never return the millions of pounds to the people now. Where has he hidden that billionaire of money? He leaves jail he is watched for several years. So, no one in the USA tries to get their Avengers because they invest in his company. Some will expert the punishment, while others will want their money back still and others people planning the Avenger. The bigger problem is why the government agency did not stop him soon and check the amount of cash in was having. People expect government agencies to stop bad companies early and not take too much wealth from investing.
Don't mess with money because it is cherished more than human life….And why are lottery officials not going with him to jail?….They commit fraud LARGER than any of these HIGH PROFILE…fraud cases…where millionaires lost a fraction of their wealth… With the lottery…you pick the correct number…and like magic…there is no marble under any of the cups… And that mega and powerball billions are going to Israel Ukraine, or Baltimore….but not in your pocket because its fake…a fraud…a theft period….nothing m😅re!!!!
his only mistake was that he was not part of goldman sachs or lehman brothers. Couldve gotten off scotch free!
He don’t care he has billions 😂😂 all in Swiss.
someone who is as smart as him, u would think he would be hiding in a more secure location where extradiction wouldnt happen in the country he was hiding in. he should have gone to russia or china where the US has no extradition relationship with
To obtain financial freedom, one must either be a business owner, an investor or both, generating passive income particularly on a weekly or monthly basis. That’s the key to living financially stable.,.