-
chevron_right
Sam Bankman-Fried to be sentenced for multibillion-dollar crypto fraud – live
news.movim.eu / TheGuardian · 12:10
Former CEO of now bankrupt FTX cryptocurrency exchange faces more than 100 years in prison if given maximum penalty
In mid-March, federal prosecutors requested that judge Lewis Kaplan sentence Bankman-Fried to at least four decades in prison. The maximum penalty he could face would amount to more than 100 years.
“His life in recent years has been one of unmatched greed and hubris; of ambition and rationalization; and courting risk and gambling repeatedly with other people’s money,” the US attorneys in Manhattan wrote. “And even now Bankman-Fried refuses to admit what he did was wrong.”
Continue reading...