Similar Stories to Why Sam Bankman-fried Received A 25-year Prison Sentence on Bing News

Sam Bankman-Fried, the former billionaire who was found guilty of defrauding customers and investors of his cryptocurrency exchange FTX, was sentenced to 25 years in prison on Thursday by a federal judge, who ruled that Bankman-Fried committed perjury and attempted witness tampering. The sentencing closes the door on an astonishing rise-and-fall saga in which Bankman-Fried, 32, was lauded as one of the world’s most successful entrepreneurs before losing more than $8 billion worth of FTX customer deposits. [time-brightcove not-tgx=”true”] Bankman-Fried’s sentence is less what federal prosecutors had hoped for: they recommended that he should receive 40-50 years due to the “extraordinary dimensions of his crimes” and the risk that he might carry out a future fraudulent scheme.

BING NEWS:
  • Sam Bankman-Fried, Commodities Trader Behind Bars: Former FTX CEO’s Prison Life While Awaiting Appeal
    The interview, facilitated by Bankman-Fried’s mother and conducted by Puck News journalist Theodore Schleifer, occurred at Brooklyn’s Metropolitan Detention Center, where he has been held since August ...
    05/10/2024 - 6:12 am | View Link
  • Sam Bankman-Fried says rice is ‘one of the currencies of the realm’ behind bars
    Sam Bankman-Fried has swapped crypto for a new kind of currency behind bars: bags of rice. The disgraced FTX founder has been jailed at Brooklyn’s Metropolitan Detention Center as he waits to be ...
    05/10/2024 - 4:33 am | View Link
  • Sam Bankman-Fried has a new currency to trade in prison: rice
    Bankman-Fried has lost 25 pounds, Puck reports, and looks fitter, which may be in part because he says the vegan food he is served is inedible.
    05/9/2024 - 4:05 pm | View Link
  • From 25 years in prison to just four months: Inside the final verdict on a crypto billionaire CEO archrivalry
    The criminal judgment of bitcoin billionaires Changpeng Zhao and Sam Bankman-Fried was completed this week, the final chapter in starkly different crypto sagas.
    05/5/2024 - 3:46 am | View Link
  • Changpeng Zhao gets 4 months, Sam Bankman-Fried gets 25 years — Why?
    Sam Bankman-Fried was sentenced to 25 years in prison on seven felony charges, while Changpeng Zhao received just four months for AML charges.
    05/1/2024 - 6:32 am | View Link
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