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FTX Founder Sam Bankman-Fried Sentenced to 25 Years in Prison for Cryptocurrency Fraud

2024-03-28T16:06:58.352Z

Highlights: FTX Founder Sam Bankman-Fried Sentenced to 25 Years in Prison for Cryptocurrency Fraud. A federal jury convicted Bankman, 32, in November of two counts of fraud and five counts of conspiracy. The Prosecutor's Office requested a sentence of 50 years. He has been held at the Metropolitan Detention Center in Brooklyn since then. His bail was canceled following allegations that he interfered with witnesses. He was sentenced to 25 years in prison for his role in the multimillion-dollar cryptocurrency fraud.

A federal jury convicted Bankman-Fried, 32, in November of two counts of fraud and five counts of conspiracy. The Prosecutor's Office requested a sentence of 50 years.

By Rob Wile -

NBC News

A federal judge in New York this Thursday sentenced businessman Sam Bankman-Fried to 25 years in prison for his role in the multimillion-dollar cryptocurrency fraud that led to the bankruptcy of the financial asset exchange company FTX.

A federal jury convicted Bankman-Fried, 32, in November of two counts of fraud and five counts of conspiracy with which he was charged. He has been held at the Metropolitan Detention Center in Brooklyn since then. His bail was canceled following allegations that he interfered with witnesses.

Source: telemundo

All news articles on 2024-03-28

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