This verdict was delivered after a month-long trial in New York.
The charges against him included lying to investors and lenders, and stealing billions of dollars from the cryptocurrency exchange FTX, which led to its collapse.
U.S. District Judge Lewis Kaplan set Bankman-Fried's sentencing for March 28, 2024. He faces up to 115 years in prison.
Oooooooh!
ReplyDeleteGreat news! They should please make sure he spends time in prison to deter others that may want to follow in his footsteps. The documentary on how they mismanaged and blew the money makes you wonder how people keep falling for scammers like this. I blame the media and their promo/ propaganda without due diligence. He was even featured on Nas daily as the humble millionaire that did not own a car, lived in a tiny apartment etc not knowing that he had a mansion and was blowing money with his associates like no mans business. He even offered to bail out crypto when the market crashed and was hailed as a saviour.
DeleteI read a comment somewhere about how being featured on the cover of Forbes is an indication that the person may be few steps away from landing in prison; basically they don't do due diligence in their selection and many readers fall for the hype.
He’s now answering his last name
ReplyDeleteLet’s see if he will be fried
ReplyDeleteGood for him
ReplyDeleteMay God be with him.
ReplyDeleteLet's see how many years he will serve.
ReplyDelete