Bankman-Fried was convicted last November after a month-long trial on seven different charges, including fraud against FTX customers and Alameda Research investors. His companies filed for bankruptcy the year prior.
New York District Court Judge Lewis Kaplan said Bankman-Fried was not remorseful for his crimes, and called his altruistic persona an “act.” Kaplan said that the sentence – which was much lower than the 40-50 year sentence requested by federal prosecutors but higher than the 6.5 year sentence Bankman-Fried’s legal team suggested – was necessary in order to ensure Bankman-Fried was unable to commit similar crimes in the future.
Bankman-Fried’s former colleagues and co-conspirators – several of whom turned over evidence on him and testified at his trial – have yet to be sentenced for their roles in the fraud.
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