Sam Bankman-Fried sentenced to 25 years in prison for cryptocurrency fraud

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Published 2024-03-28
FTX CEO Sam Bankman-Fried was sentenced to 25 years in federal prison for his role in a multi-billion dollar cryptocurrency fraud scheme. A jury convicted Bankman-Fried on all seven counts of wire fraud and conspiracy. NBC News’ Brian Cheung breaks down Bankman-Fried’s sentencing.

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#SamBankmanFried #FTX #Crypto

All Comments (21)
  • @96clarkey
    He will get out in 10 years or so then he will become a sales guru selling a course...
  • @tamicawoods8839
    I am really confident for this bullrun, MEV arbitrage is the way
  • @RebuttalRecords
    The judge should have tacked-on an extra five years just for using Quickbooks to run a multi-billion dollar business.
  • This is an injustice to people who lost all of their money. He will be out to live his lavish life and perhaps write a book
  • @Clara_linking
    Just waiting for a youtuber to cover this so we can get some real information
  • @hihellokitty85
    He got off easy. He will not serve fulll term, unfortunately.
  • @libiure
    25 years for a con that only lasted a few years - fun fact - both of sam's parents are professors at stanford law university - wonder why they didn't give him any legal advice - like don't commit massive fraud ..
  • Are the politicians who took advantage of the scam going to be punished as well?
  • @TheRedMenace12
    Couldn't happen to a better, more deserving guy. I wish him luck with his new husband.
  • 👏👏👏👏👏 The only thing that sucks as those he stole from, won't get their money back.
  • @HippieRacing
    That’s it? 25 years? Dude stole billions………. Madoff would have been thrilled with 20 years.
  • @kenc7120
    What happens to the millions he donated to crooked politicians?
  • @artarm946
    25 years is a joke. If he serves all 25 years wichis is less likely, he will be out at 57. That is how you retire billionaire at 57
  • Are the democrats going to return the money they received from his donations?
  • @michaelivas3454
    He should have been given the max sentence for being a man with a hyphenated last name
  • @skankhunt-zh1mo
    only 25 years and I bet when he gets out he will go get the millions of dollars he has stored somewhere
  • @ShakespeareCafe
    This is 25 years playing tennis, golf and cards at Club Fed
  • This is b.s. where are the restitution to all the people that got swindled. Class action law suit for all these people. Get the money back from all the politicians and any place else that can be tracked down.