Former FTX chief Sam Bankman-Fried was sentenced after being convicted in November of fraud by a New York jury. Photo: ANGELA WEISS / AFP/File
The final sentence was meted out by US District Judge Lewis Kaplan who used the hearing to carefully walk through the financial crimes committed by Bankman-Fried.Click “See First” under the “Following” tab to see Briefly News on your News Feed! Calling the government's proposed sentence"barbaric," Bankman-Fried's attorneys depicted their client as a diligent young man motivated by philanthropy who got in over his head.
But in November 2022, the FTX empire imploded, unable to cope with massive withdrawal requests from customers panicked to learn that some of the funds stored at the company had been committed to risky operations at Bankman-Fried's personal hedge fund, Alameda Research.
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