Fraud­ster, Dem Megadonor Sam Bankman-Fried Sen­tenced To Prison

Fraudster, Dem Megadonor Sam Bankman-Fried Sentenced To Prison

For­mer bil­lion­aire entre­pre­neur and FTX founder Sam Bankman-Fried was sen­tenced to 25 years in fed­er­al prison on Thurs­day after he was found guilty in Novem­ber of sev­en counts, includ­ing wire fraud and con­spir­a­cy to com­mit wire fraud, crimes that cost cus­tomers and lenders bil­lions of dol­lars.
New York Judge Lewis Kaplan slapped Bankman-Fried, also known as SBF, with 25 years after pros­e­cu­tors said the 32-year-old should face a sen­tence between 40–50 years, CNN report­ed. The judge found that fol­low­ing the col­lapse of the for­mer billionaire’s cryp­tocur­ren­cy empire, investors, lenders, a …