Crypto billionaire and scammer, Sam Bankman-Fried (SBF), who is the founder of Once an Empire FTX, is going to spend 25 years in prison.
A judge has sentenced former FTX CEO Sam Bankman-Fried (SBF) to 291 months in prison and an $11 billion judgment for perjury and witness tampering. He was reportedly apologetic at the hearing. Four other individuals associated with FTX and Alameda have pleaded guilty and accepted deals.
Judge Kaplan Found SBF Guilty
Judge Kaplan found Sam Bankman guilty of witness tampering and perjury, leading to his bail revocation in August 2023. The former Alameda Research CEO Caroline Ellison testified that SBF knew his fault but refused to accept it.
Judge Kaplan acknowledged Bankman-Fried’s social awkwardness, but he believed that the punishment must fit the seriousness of the crime. Furthermore, he stated that it was a serious crime and had never seen such a performance.
A Judgement Worth $11 Billion
According to a docket entry for the South
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