JUST

Prosecutors are asking the judge to sentence Sam Bankman-Fried to 40-50 years in prison for the FTX scam. 
Sam Bankman-Fried, founder of the bankrupt FTX cryptocurrency exchange, could face 40 to 50 years in prison, according to federal prosecutors. The charges come after Bankman-Fried was found guilty of stealing $8 billion from clients. 
“His life in recent years has been one of unparalleled greed and arrogance; ambition and rationalization; risk-taking and repeated gambling with other people's money,” prosecutors said in a statement. “Even now, Bankman-Fried refuses to admit that what he did was wrong.” 
A jury in November found Bankman-Fried guilty of seven counts of fraud and conspiracy. Despite the severity of the charges, the former billionaire's lawyers argue that a prison sentence of 5.5 to 6.5 years would be more appropriate. 
They claim that most of the stolen funds would be returned to FTX customers and that Bankman-Fried did not set out to steal. U.S. District Judge Lewis Kaplan is scheduled to sentence Bankman-Fried in Manhattan federal court on March 28. Bankman-Fried plans to appeal both her conviction and sentence. 
*This is not investment advice. 
 Continue Reading: <a href="https://en.bitcoinsistemi.com/just-in-there-is-a-new-development-in-the-fate-of-ftx-founder-sam-bankman-fried/">JUST IN: There is a New Development in the Fate of FTX Founder Sam Bankman-Fried</a>

JUST IN: There is a New Development in the Fate of FTX Founder Sam Bankman-Fried

Bitcoin Sistemi EN

Other articles published on Mar 15, 2024

El Salvador President Nayib Bukele Transfers $400M Worth BTC To Vault: 'Call It Our First Bitcoin...

Neither Joe Biden nor Donald Trump are crypto champions

What's Behind SHIB's 13% Sudden Dip? On-chain Data Reveals Key Reason Why

Avalanche and NuggetRush Price Surges With Bullish Prediction As Bonk Plunges

Cardano (ADA) Aims for $1 Avalanche (AVAX) and NuggetRush (NUGX) To Lead the Altcoin Rally

FLOKI Price Prediction: FLOKI Plunges 10% As Experts Say Consider This Pioneering VR/AR Crypto Th...

Join our free newsletter for daily crypto updates!