Sam Bankman-Fried a.k.a SBF, the founder and former CEO of defunct crypto exchange FTX, has received a sentence of 300 months or 25 years in total, with 240 months initially and an additional 60 months consecutively.
The judge also concluded that Bankman-Fried engaged in witness tampering by communicating with the former FTX general counsel before being remanded into custody. Judge Kaplan rejected the defense’s argument concerning loss, both legally and factually. He dismissed the defense’s assertion that customers and creditors would be fully reimbursed, deeming it misleading as it equated loss solely with the dollar volume in the bankruptcy case.
Similarly, Judge Kaplan viewed the proceedings as a “performance.” While acknowledging Bankman-Fried’s refusal to admit guilt, the judge recognized his persistence and “marketing” skills and agreed with Roos that Bankman-Fried’s narrative was evident, pointing out his ability to continue promoting his story to the media despite legal proceedings.
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