Sam Bankman-Fried Sentenced to 25 Years for FTX Fraud from poe currency ps4 Watch Video

⏲ Duration: 1:30
👁 View: 65K times
✓ Published: 29-Mar-2024

Description:
Sam Bankman-Fried , Sentenced to 25 Years , for FTX Fraud.<br/>On March 28, Sam Bankman-Fried was sentenced to <br/>25 years in prison after being found guilty of defrauding <br/>users of FTX, the now-collapsed cryptocurrency exchange. .<br/>NBC reports that Lower Manhattan federal district <br/>Judge Lewis Kaplan found the defense's arguments <br/>misleading, speculative and logically flawed.<br/>The judge accused Bankman-Fried of committing <br/>obstruction of justice and tampering with <br/>witnesses while mounting his defense.<br/>Kaplan reportedly said that those <br/>factors played a role in his decision <br/>about how to sentence Bankman-Fried.<br/>Prosecutors had originally sought a longer sentence <br/>of 50 years, while the defense fought for <br/>Bankman-Fried to get no more than six and a half years.<br/>Prosecutors had originally sought a longer sentence <br/>of 50 years, while the defense fought for <br/>Bankman-Fried to get no more than six and a half years.<br/>In November, Bankman-Fried was convicted on seven <br/>criminal counts. He has been held at Brooklyn's <br/>Metropolitan Detention Center while awaiting sentencing.<br/>In November, Bankman-Fried was convicted on seven <br/>criminal counts. He has been held at Brooklyn's <br/>Metropolitan Detention Center while awaiting sentencing.<br/>At one time, FTX was valued at over $30 billion <br/>but ultimately collapsed in November of <br/>2022 after announcing a major cash shortfall.<br/>At one time, FTX was valued at over $30 billion <br/>but ultimately collapsed in November of <br/>2022 after announcing a major cash shortfall.<br/>While on trial, Bankman-Fried was accused <br/>of robbing FTX customers of nearly $8 billion, <br/>which was partially used to fund the extravagant <br/>lifestyles of the exchange's executives.<br/>While on trial, Bankman-Fried was accused <br/>of robbing FTX customers of nearly $8 billion, <br/>which was partially used to fund the extravagant <br/>lifestyles of the exchange's executives.<br/>NBC reports that Bankman-Fried's sentence <br/>is harsher than other white-collar crimes <br/>in recent memory, such as Theranos founder <br/>Elizabeth Holmes who received just 11 years.<br/>NBC reports that Bankman-Fried's sentence <br/>is harsher than other white-collar crimes <br/>in recent memory, such as Theranos founder <br/>Elizabeth Holmes who received just 11 years.<br/>The outlet also notes that the judgement is more <br/>similar to the 25-year sentence given to former <br/>WorldCom CEO Bernie Ebbers or the 24-year <br/>sentence given to Enron CEO Jeff Skilling.<br/>The outlet also notes that the judgement is more <br/>similar to the 25-year sentence given to former <br/>WorldCom CEO Bernie Ebbers or the 24-year <br/>sentence given to Enron CEO Jeff Skilling