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March 28, 2024 04:11 pm GMT
Original Link: https://boingboing.net/2024/03/28/sam-bankman-fried-jailed-for-25-years-and-ordered-to-pay-11-2bn.html
Sam Bankman-Fried imprisoned for 25 years and ordered to pay $11.2bn
Sam Bankman-Fried, briefly a billionaire when he operated his cryptocurrency exchange FTX, was today sentenced to 25 years imprisonment for defrauding his investors. He must also pay up $11.2bn, not that it exists.
Judge Lewis Kaplan, just before announcing Bankman-Fried's 25-year sentence, said there was a risk "that this man will be in a position to do something very bad in the future, and it's not a trivial risk."
The post Sam Bankman-Fried imprisoned for 25 years and ordered to pay $11.2bn appeared first on Boing Boing.
Original Link: https://boingboing.net/2024/03/28/sam-bankman-fried-jailed-for-25-years-and-ordered-to-pay-11-2bn.html
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