Judge Kaplan: It is the judgment of the court that you are sentenced to 240 months then consecutive 60 [etc] for a total of 300 months [25 years]
— Inner City Press (@innercitypress) March 28, 2024
Sam Bankman-Fried Sentenced to 25 Years in Prison
Sam Bankman-Fried, the former cryptocurrency mogul who was convicted of fraud, was sentenced to 25 years in prison on Thursday, capping an extraordinary saga that upended the multi-trillion-dollar crypto industry and became a cautionary tale of greed and hubris.
Mr. Bankman-Fried’s sentence was shorter than the 40 to 50 years that federal prosecutors had recommended, but above the six-and-a-half-year sentence requested by the defense lawyers. A federal probation officer had recommended 100 years, just under the maximum possible penalty of 110 years behind bars.
I thought he would go down harder the Judge really ripped into him
‘Remorseless’ Sam Bankman-Fried sentenced to 25 years in prison — as judge rips him as power-obsessed scammer
A Manhattan judge ripped Sam Bankman-Fried as a “remorseless” scammer obsessed with political power as he sentenced the fallen crypto mogul to 25 years in prison Thursday — five months after he was found guilty of stealing more than $8 billion of funds from customers of his now-bankrupt cryptocurrency exchange FTX.
Judge Lewis Kaplan said the 32-year-old convicted fraudster “presented himself as the good guy” all in favor of “appropriate regulation of the crypto industry” — but it was just an “act.”
Judge Kaplan: I find the Mr. Bankman-Fried gave perjured testimony at trial – he falsely testified that until the Fall of 2022 he had no knowledge that Alameda had spent FTX customer funds. He falsely testified that he first learned of the $8 billion in Oct 2022
— Inner City Press (@innercitypress) March 28, 2024
Well done.
Crypto Crook Sam Bankman-Fried Sentencing Set For Tomorrow pic.twitter.com/1VWK1QrNAB
— @stevenvoiceover (@stevenvoiceover) March 27, 2024
