“Digital Currency”

Sam Bankman-Fried’s attorneys suggested a sentence of five to six years in prison, sharply lower than the roughly 100 years that he faces for stealing billions of dollars from FTX customers.

Lawyers for Bankman-Fried argued for 63 to 78 months in jail, citing medical conditions, including autism, and his intentions to better the world with his now-fallen crypto exchange.

A New York jury found Bankman-Fried guilty on all seven counts he faced last year. Prosecutors called the case one of the biggest financial frauds in U.S. history. Bankman-Fried’s sentencing is scheduled for March 28.

A shaggy-haired and bearded Sam Bankman-Fried was pictured alongside a former Bloods gang member in the first jailhouse photo of the disgraced crypto kingpin after he was convicted of fraud.

Crypto crime reporter Tiffany Fong posted the image to YouTube on Monday, noting that the inmate next to the disgraced FTX boss is a gangster named G-Lock whom she had interviewed.

Critics are accusing the DOJ of sweeping additional charges against FTX founder Sam Bankman-Fried under the rug, after prosecutors said he would not face a second trial for campaign finance violations following his conviction last month.

In a letter filed on Friday night in federal court in Manhattan, prosecutors said the ‘strong public interest’ in a prompt resolution of the case outweighed the benefits of a second trial.

In his letter to the court, US Attorney Damian Williams noted that prosecutors introduced evidence about all of the dropped charges during Bankman-Fried’s monthlong first trial, where he was found guilty on all counts.

FTX founder Sam Bankman-Fried, who was found guilty of fraud by stealing from his customers, will not face a second trial.

Prosecutors told a US federal court that they do not intend to hold a second trial against Bankman-Fried as the evidence that would be presented during the second trial would be the same as already entered during the first one.

The 31-year-old billionaire’s sentencing is due in March and is likely to include orders of forfeiture and restitution for victims of his crimes.

If I read this correctly he will not face trial for the illegal campaign finance charges.

FTX founder learns that mackerel is a jailhouse currency and shares a dorm with other high-profile defendants

Sam Bankman-Fried, convicted of fraud in the meltdown of FTX, has traded in crypto for a new currency: mackerel.

The fallen crypto king, who is cooling his heels at Brooklyn’s Metropolitan Detention Center while he awaits sentencing for seven felony offenses, has learned the fundamentals of prison economics while sharing a dormitory with a former Honduran president awaiting criminal trial and a recently convicted former top cop of Mexico, people familiar with the matter said.

Barbara Fried wanted to get close to her son.

During breaks in the monthlong criminal fraud trial of her firstborn child, Sam Bankman-Fried, she would sometimes leave her seat and walk up to the railing that separated him from the gallery. Watching him and his lawyers, often in silence, she was just inches away yet no more able to intervene on his behalf or prevent the conviction that many saw coming.

Joseph Bankman and Barbara Fried had hovered nearby when their son soared to prominence as the crypto industry’s biggest star, and advised him as his company collapsed and the government made its case against him. And after a federal jury delivered a guilty verdict that could send him to prison for decades, his parents are trying to prepare him for what comes next.

On Thursday, Sam Bankman-Fried was properly convicted for stealing $8 billion from customers. I wonder why brokers haven’t been punished for promoting FTX since they don’t appear to have properly researched the company?

For decades, the media, politicians, bureaucrats, the United Nations, scientists, educators, entertainers, and others have been running con games that dwarf the FTX scheme; so where’s their trial and conviction?

Sam Bankman-Fried’s inner circle who helped send down the disgraced crypto king are likely to face ‘relatively short’ sentences in a minimum security prison if they are jailed, a convicted fraudster has revealed.

Disgraced FTX founder SBF was found guilty of embezzling $10 billion of his clients’ money in what the prosecutor said was ‘one of the biggest financial frauds in American history’ on Thursday night and faces up to 115 years in jail.

Ex-girlfriend Caroline Ellison, FTX co-founder Gary Wang and engineering chief Nishad Singh all took to the stand against the former FTX boss and ultimately helped secure his conviction.