Rob Wile is a breaking business news reporter for NBC News Digital.
Sam Bankman-Fried was sentenced Thursday to 25 years in prison for his role in defrauding users of the collapsed cryptocurrency exchange FTX. In a Lower Manhattan federal courtroom, U.S. District Judge Lewis Kaplan called the defense's argument misleading, logically flawed, and speculative. He said Bankman-Fried had committed obstruction of justice and witness tampering while mounting his defense — something Kaplan said he weighed in his sentencing decision.
“Each passing day is a painful reminder of the opportunities stolen from me, compounding feelings of hopelessness and despair,' the person wrote. 'The burden of financial ruin weighs heavily on my shoulders, leading me to grapple with constant thoughts of suicide and significantly impairing my ability to perform at work.” In the recent annals of white-collar crime, Bankman-Fried's sentence is many years more than what most others found guilty had received.
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