Sam Bankman-Fried sentenced to 25 years in prison ...News

Russia Today - Economy
Sam Bankman-Fried sentenced to 25 years in prison
source : Russia Today ( News ) () 45
The disgraced crypto mogul “orchestrated one of the largest financial frauds in history,” government prosecutors argued FTX co-founder Sam Bankman-Fried has been sentenced to 25 years in a US federal prison for stealing billions of dollars from customers and defrauding investors. The one-time cryptocurrency guru has also been ordered to pay $11 billion in restitution. The sentence was handed down by New York judge Lewis Kaplan on Thursday. At 25 years, the sentence is half the length of the prison term recommended by prosecutors, but significantly harsher than the six years requested by Bankman-Fried’s lawyers. Ex

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