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March 28, 2024
Democrat Mega-Donor Sam Bankman-Fried Sentenced to 25 Years for Swindling Billions from Customers
Prosecutors sought 50 years but Sam Bankman-Fried got the Friends and Family Discount.
Crypto entrepreneur Sam Bankman-Fried on Thursday was sentenced to 25 years in prison for stealing $8 billion from customers at the failed crypto exchange, FTX.
U.S. District Judge Lewis Kaplan said that the FTX founder had committed "obstruction of justice," according to NBC News.
Bankman-Fried admitted during his sentencing hearing in New York that he made "selfish decisions" when running the failed crypto exchange.
"They built something really beautiful and I threw all of that away," Bankman-Fried said of his former co-workers at the exchange, according to CNBC News.
Addendum: This wouldn't be complete without a photo of his smokeshow girlfriend! [CBD]
posted by Disinformation Expert Ace at
02:05 PM
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