Thursday, March 28, 2024

Breaking News: Fallen crypto titan Sam Bankman-Fried sentenced to 25 years

Politico
Breaking News Alert

Fallen crypto titan Sam Bankman-Fried sentenced to 25 years

A federal judge on Thursday sentenced Sam Bankman-Fried to 25 years in prison for his leading role in one of the biggest financial scandals in American history, capping the stunning fall of the former cryptocurrency magnate and one-time Washington megadonor.

Judge Lewis Kaplan of the Southern District of New York handed down the sentence almost five months after a jury found Bankman-Fried, 32, guilty of orchestrating a massive fraud centered on his crypto empire. Bankman-Fried faced a maximum 110 years in prison.

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