daryls61
Well-known member
Sam Bankman-Fried, crypto bro and scammer extraordinaire, was just sentenced to 25 years in prison after being found guilty of two counts of wire fraud conspiracy, two counts of wire fraud, one count of conspiracy to commit money laundering, conspiracy to commit commodities fraud, and conspiracy to commit securities fraud.
"The defendant's assertion that FTX customers and creditors will be paid in full is misleading, it is logically flawed, it is speculative," Judge Lewis Kaplan said, according to Reuters. "A thief who takes his loot to Las Vegas and successfully bets the stolen money is not entitled to a discount on the sentence by using his Las Vegas winnings to pay back what he stole.
mashable.com
"The defendant's assertion that FTX customers and creditors will be paid in full is misleading, it is logically flawed, it is speculative," Judge Lewis Kaplan said, according to Reuters. "A thief who takes his loot to Las Vegas and successfully bets the stolen money is not entitled to a discount on the sentence by using his Las Vegas winnings to pay back what he stole.
Sam Bankman-Fried sentenced to 25 years in prison
He was found guilty of seven counts of fraud and conspiracy.
mashable.com