Since FTX founder Sam Bankman-Fried is about to be sentenced to up to 50 years in prison today…
LET’S TAKE A SECOND TO REMEMBER HOW MANY POS POLITICIANS ARE STILL REFUSING TO RETURN HIS “DONATIONS” ⚠️ pic.twitter.com/b03Hueg5GH
— Matt Wallace (@MattWallace888) March 28, 2024
NEW: Crypto fraudster Bankman-Fried faces sentencingt.co/HkNLPUpwsy
— Insider Paper (@TheInsiderPaper) March 28, 2024
Disgraced cryptocurrency wunderkind Sam Bankman-Fried is set to be sentenced Thursday following his conviction in one of the biggest financial fraud cases in history.
US prosecutors are seeking a prison term of 40-50 years after a New York jury found Bankman-Fried, known by his initials SBF, guilty in November following a five-week trial that probed the one-time high roller’s spectacular fall.
Calling Bankman-Fried’s seven-count conviction reflective of the defendant’s “unmatched greed and hubris,” the government’s sentencing request argues for significant jail time in light of fraud it estimates at more than $10 billion.
insiderpaper.com/crypto-fraudster-bankman-fried-faces-sentencing/