Sam Bankman-Fried Sentenced to 25 Years in Prison for Multi-Billion Dollar Fraud

Jennifer Bowers BahneyMar 28th, 2024, 12:09 pm
 
Sam Bankman-Fried

Charles Guerin/Abaca/Sipa via AP Images

FTX founder Sam Bankman-Fried was sentenced to 25 years in prison after bilking $8 billion from crypto investors.

U.S. District Judge Lewis Kaplan rejected the government’s request of 50 years for the 32-year old Bankman-Fried.

SBF was found guilty on seven fraud and conspiracy counts after FTX collapsed in 2022.

Prosecutors called the case “one of the biggest financial frauds in U.S. history.”

Inner City Press live tweeted the sentencing.

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