Sam Bankman-Fried, the former cryptocurrency mogul who was
convicted of fraud, was sentenced to 25 years in prison on Thursday, capping an extraordinary saga that upended the multi-trillion-dollar crypto industry and became a cautionary tale of greed and hubris.
Mr. Bankman-Fried’s sentence was shorter than the 40 to 50 years that federal prosecutors had recommended, but above the six-and-a-half-year sentence requested by the defense lawyers. A federal probation officer had recommended 100 years, just under the maximum possible penalty of 110 years behind bars.
The sentence was handed down by Judge Lewis A. Kaplan at the Federal District Court in Manhattan.
Mr. Bankman-Fried, who was convicted of stealing $8 billion from customers of his FTX cryptocurrency exchange, faced a maximum sentence of 110 years.
www.nytimes.com
So strange. Right-wingers assured us that since Bankman-Fried gave money to Dems (
also to Repubs but of course they ignore that), he would get off scot-free, and yet... If the judge's name is familiar, he is the same guy who found Trump liable against Jean Carroll.