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Sam Bankman-Fried sentenced to 25 years in prison trinidadtimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from trinidadtimes.com Daily Mail and Mail on Sunday newspapers.
Samuel Bankman-Fried, also known as SBF, 32, was sentenced by a US court on Thursday (March 28, 2024) to 25 years in prison, three years of supervised release, and ordered to pay $11 billion in forfeiture for his orchestration of multiple fraudulent schemes. ....
(The Center Square) – A judge sentenced FTX founder Samuel Bankman-Fried to 25 years in prison on Thursday, marking the long fall of the onetime cryptocurrency star. ....
Samuel Bankman-Fried, the founder of the cryptocurrency exchange FTX, has been sentenced to 25 years in prison for orchestrating multiple fraudulent schemes. The sentencing, which also includes three years of supervised release and a forfeiture of $11 billion, follows Bankman-Fried's conviction on various counts including wire fraud, securities fraud, and money laundering.Attorney General Merrick B. Garland emphasized the consequences of financial crimes, stating, "Anyone who believes they can hide their financial crimes behind wealth and power.should think twice.". ....