Drudge Retort: The Other Side of the News
Saturday, March 30, 2024

Sam Bankman-Fried was sentenced Thursday to 25 years in prison for his role in defrauding users of the collapsed cryptocurrency exchange FTX.



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Do Tony Blair, Bill Clinton, Larry David, Tom Brady and the other names who accepted dough from this guy to help polish him up something like a reputation get to keep their dirty money? Just asking for a friend.
~ Missus Brady

#1 | Posted by Doc_Sarvis at 2024-03-28 06:47 AM | Reply

Fallen crypto mogul Sam Bankman-Fried sentenced to 25 years in prison

... Crypto entrepreneur Sam Bankman-Fried was sentenced Thursday to 25 years in prison for a massive fraud that unraveled with the collapse of FTX, once one of the world's most popular platforms for exchanging digital currency.

Bankman-Fried, 32, was convicted in November of fraud and conspiracy " a dramatic fall from a crest of success that included a Super Bowl advertisement and celebrity endorsements from stars like quarterback Tom Brady, basketball star Stephen Curry and comedian Larry David. ...

#2 | Posted by LampLighter at 2024-03-28 12:20 PM | Reply

sentenced to 25 years in prison

Here's your stupid prize!

#3 | Posted by REDIAL at 2024-03-28 12:32 PM | Reply

I remember a couple of years ago that Republicans were complaining about Mr Bankman-Fried getting a gentle treatment for The Deep State because of his campaign contributions to Democrats (many of whom returned those donations).

#4 | Posted by LampLighter at 2024-03-28 12:43 PM | Reply | Newsworthy 2


... He must also forfeit $11 billion that the government can use to compensate victims, Judge Lewis Kaplan said. ...

#5 | Posted by LampLighter at 2024-03-28 01:08 PM | Reply

"He must also forfeit $11 billion that the government can use to compensate victims"


He robbed the bank, but he STILL has to go to jail AFTER he pays it back???


#6 | Posted by Danforth at 2024-03-28 01:10 PM | Reply | Funny: 5


... U.S. District Judge Lewis Kaplan handed down the sentence at a Manhattan court hearing after rejecting Bankman-Fried's claim that FTX customers did not actually lose money and finding that he lied during his trial testimony. A jury found Bankman-Fried, 32, guilty on Nov. 2 on seven fraud and conspiracy counts stemming from FTX's 2022 collapse in what prosecutors have called one of the biggest financial frauds in U.S. history.

Kaplan said Bankman-Fried has shown no remorse.

"He knew it was wrong," Kaplan said. "He knew it was criminal. He regrets that he made a very bad bet about the likelihood of getting caught. But he is not going to admit a thing, as is his right."

Bankman-Fried, wearing a beige short-sleeve jail T-shirt, acknowledged during 20 minutes of remarks to the judge that FTX customers had suffered and he offered an apology to his former FTX colleagues - but did not admit criminal wrongdoing.

He has vowed to appeal his conviction and sentence. ...

#7 | Posted by LampLighter at 2024-03-28 02:29 PM | Reply

Too light the last massive ponzi schemer got life.

A lot of colleagues and family members will be at the very least coughing up ill gotten gains as well. Some may even be roomies.

#8 | Posted by GalaxiePete at 2024-03-28 03:51 PM | Reply

Does not seem long enough? Shows you how crap oversight is when a person can muck up 11 billion dollars. Rich people have few eyes watching them.

#9 | Posted by Brennnn at 2024-03-31 05:15 PM | Reply

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