In a downtown Manhattan courtroom on the morning of 28 March, tech wunderkind turned fraudster Sam Bankman-Fried, unrepentant even after trial and conviction, will finally learn his fate.
Bankman-Fried, who founded the cryptocurrency exchange FTX, was found guilty on 2 November 2023 of seven counts of wire fraud and conspiracy to launder money.
The fallen bitcoin booster was found to have siphoned billions in customer funds into FTX’s sister hedge fund, Alameda Research, to keep it solvent – and lined his pockets with hapless clients’ money, spurring the entities’ collapse.
The judge is no fan of SBF or his lawyers repeatedly slapping both down for SBF’s evasive testimony and the lawyers time wasting efforts.
Given his connections to the Democrats even if he receives a long sentence this week I would not be surprised to see him “pardoned” after only a few years.
