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. U.
” A jury found that Bankman-Fried illegally used money from FTX depositors to cover his lavish spending, which authorities said included buying luxury properties in the Caribbean, flying on private jets, making outsized charitable donations and contributions to political candidates and paying bribes to Chinese officials. Prosecutors had recommended a prison sentence of 40 to 50 years.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Fallen crypto mogul Sam Bankman-Fried sentenced to 25 years in prisonCrypto 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.
Source: KSLcom - 🏆 549. / 51 Read more »
Fallen crypto mogul Sam Bankman-Fried sentenced to 25 years in prison31-year-old teach businessman Sam Bankman-Fried was found guilty on all seven counts of fraud and conspiracy.
Source: 10TV - 🏆 560. / 51 Read more »
Fallen crypto mogul Sam Bankman-Fried sentenced to 25 years in prisonThe 32-year-old FTX founder was convicted in November of fraud and conspiracy after his once-soaring cryptocurrency trading platform and related companies collapsed into bankruptcy.
Source: adndotcom - 🏆 293. / 63 Read more »
Fallen crypto mogul Sam Bankman-Fried sentenced to 25 years in prison31-year-old teach businessman Sam Bankman-Fried was found guilty on all seven counts of fraud and conspiracy.
Source: WTHRcom - 🏆 329. / 59 Read more »
Fallen crypto mogul Sam Bankman-Fried sentenced to 25 years in prison31-year-old teach businessman Sam Bankman-Fried was found guilty on all seven counts of fraud and conspiracy.
Source: KVUE - 🏆 244. / 63 Read more »
Fallen crypto mogul Sam Bankman-Fried sentenced to 25 years in prisonCrypto 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 ex…
Source: ladailynews - 🏆 332. / 59 Read more »