Disgraced FTX founder sentenced to 25 years on federal charges

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ABC News

ABC News

Ай бұрын

Sam Bankman-Fried was sentenced to 25 years in prison and ordered to pay $11 billion for orchestrating one of the biggest cases of financial fraud.
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Пікірлер: 278
@atticusmcbuddy6283
@atticusmcbuddy6283 Ай бұрын
8 billion dollars???? He needs life in prison with a possible chance after 40 years.
@davidmartin7039
@davidmartin7039 Ай бұрын
You sound dumb. 40 years ? Life?
@CreativeCharmClub
@CreativeCharmClub Ай бұрын
Well at least the greedy celebrities got paid.
@My2CentsYall
@My2CentsYall Ай бұрын
life period.
@relentlessslog
@relentlessslog Ай бұрын
Pretty light sentence for stealing $8 billion. A lot of lives are ruined because of him. Also it's total BS that none his co-conspirators are facing charges.
@alfonsopayra
@alfonsopayra Ай бұрын
what? are you saying that the gnome that was her ex and the head of Alameda fuckery will walk free?
@_Ben4810
@_Ben4810 Ай бұрын
co-conspirators....??? Larry David Is Innocent.....!
@relentlessslog
@relentlessslog Ай бұрын
He did say, "I don't think so..." in the super bowl ad. @@_Ben4810
@billiejean8665
@billiejean8665 Ай бұрын
@@_Ben4810 I think he/she is talking about Bankman-Fried's ex girlfriend and the other guy involved in the company
@durkdiggler4346
@durkdiggler4346 Ай бұрын
The feds are scumbags they'll even let serial killers go to get others on RICO happens all the time
@Fred-yd9md
@Fred-yd9md Ай бұрын
He should get 250 years
@barfbaby
@barfbaby Ай бұрын
you do realized the GM the banks all ripped off americans by 100x more than what he did
@octaviolopezsr.4700
@octaviolopezsr.4700 Ай бұрын
I heard this somewhere: “ When your plumber(gardener, taxi driver, etc) tells you to invest, pull your money out”
@marcus5368
@marcus5368 Ай бұрын
Why is he still called a "billionaire mogul"? He should be labelled as a petty thief that ruined many lives.
@DZX5000
@DZX5000 Ай бұрын
the guy and his parents should be locked up.
@iluvcamaros1912
@iluvcamaros1912 Ай бұрын
I can't believe someone who destroyed so many lives has the audacity to describe themselves as "NON-VIOLENT." White collar crime is violent when it goes this far!
@DefNotAdog
@DefNotAdog Ай бұрын
stfu. Stop changing the definition of words.
@SweetJustice11
@SweetJustice11 Ай бұрын
Typically for those like him.
@DefNotAdog
@DefNotAdog Ай бұрын
Stop changing the definition of WORDS
@Jory0890
@Jory0890 Ай бұрын
😂😂😂
@rapgsolano
@rapgsolano Ай бұрын
if he can get access to internet in prison, give it to him through a dial up modem, make that 25 years really hurt
@trilingualkid
@trilingualkid Ай бұрын
They give inmates internet access but limited
@Kr0nicDragon
@Kr0nicDragon Ай бұрын
5600 baud modem
@MRkriegs
@MRkriegs Ай бұрын
he will be playing league of legends on it then
@Bonjour-World
@Bonjour-World Ай бұрын
Sam Bankman-Fried has lots of remorse ... for getting caught.
@viewbox8794
@viewbox8794 Ай бұрын
American justice system is rotten and corrupt he should have gotten life inprisonnment for what he did.the judge should be investugated along with him.He can still spend the money in his 50s
@leonardoromero8
@leonardoromero8 Ай бұрын
Life in prison for creating irreversible financial harm to innocent people.
@steveperry3572
@steveperry3572 Ай бұрын
Yet a man who wasn’t at the Capitol on Jan 6 was charged more than SBF.
@celebrityrog
@celebrityrog Ай бұрын
There’s a difference between being part of a scene to defraud people of money and being part of a cult who’s attempt and involvement in overthrowing democracy, an entire nation. One needs to be sentenced accordingly longer to send a message WE THE PEOPLE won’t be in a cult.
@bigcahuna42366
@bigcahuna42366 Ай бұрын
Given his age and his light sentence, he may find loopholes to do it again after he gets out
@AS-fd9jc
@AS-fd9jc Ай бұрын
That's a light sentence
@wjb4578
@wjb4578 Ай бұрын
A third of your life behind bars is pretty hefty (life expectancy for men is around 75 years).
@AS-fd9jc
@AS-fd9jc Ай бұрын
​@@wjb4578 Obviously you can't comprehend how much 8 billion dollars is, and the implications of stealing that amount of money...
@christopher399
@christopher399 Ай бұрын
​@@AS-fd9jcRegardless of what he did, 25 years in prison isn't easy time. He's paying a lot for his crimes.
@dragapro
@dragapro Ай бұрын
listen, he won't last 25 years in there, look at this guy
@ElberGonzozo-jg5er
@ElberGonzozo-jg5er Ай бұрын
Is any of this crypto crap NOT a scam ??????
@johnhmielewski1230
@johnhmielewski1230 Ай бұрын
Say you made 1 million dollars trading crypt tomorrow. If you tried to sell for your million bucks you would find out real fast that yes it's a massive scam.
@carlosk8103
@carlosk8103 Ай бұрын
That was Bankmans excuse it didn't fly...
@TheRubberStudiosASMR
@TheRubberStudiosASMR Ай бұрын
No
@kokomo9764
@kokomo9764 Ай бұрын
Nope, it is an unregulated market. There are worse things to come.
@Ryuujinv01
@Ryuujinv01 Ай бұрын
"wow let's have the stock market without regulations this will be great!" *re-lives every financial crime that's ever happened* *shocked pikachu face*
@paule8536
@paule8536 Ай бұрын
His parents should be locked up too !
@michaelman9358
@michaelman9358 Ай бұрын
I'm actually quite surprised no one mentioned during the trial, about how SBF came up with the name FTX... The real meaning was "F*ck Those Clients". But since they can't use "FTC", SBF then replaced the "C" with "X", a popular short for "client", as on a contract the client signs beside the "X".
@Gr8Incarnate
@Gr8Incarnate Ай бұрын
Source?
@callumhall3872
@callumhall3872 Ай бұрын
I think you're digging a little too deep into this one man
@thelucasstorm
@thelucasstorm Ай бұрын
Anyone that put their life savings in crypto, it's kinda hard to feel too sorry for that
@SweetJustice11
@SweetJustice11 Ай бұрын
True! First rule of investing is to diversify.
@frankbooth5150
@frankbooth5150 Ай бұрын
The worst part is Bankman Freed lost that smoking hot girlfriend of his 😂
@brandonsmith2299
@brandonsmith2299 Ай бұрын
Lmao for that nerd she was the woman of his dreams.. 🤮
@jasonpaz
@jasonpaz Ай бұрын
Good one!
@ROSH1503
@ROSH1503 Ай бұрын
Isn’t she the one that snitched on him to get a lighter sentence 😂 not so ride or die
@KwamePenny
@KwamePenny Ай бұрын
I wouldn’t call her hot
@Kr0nicDragon
@Kr0nicDragon Ай бұрын
25 years at club fed prison resort
@carefulsum
@carefulsum Ай бұрын
Leave it to America to have this happen all the time...what a corrupt system.
@MrTom-kl7hy
@MrTom-kl7hy Ай бұрын
Goodbye and thanks for the fish.
@eewilson9835
@eewilson9835 Ай бұрын
He got away with a lot more I bet.
@josejr.7191
@josejr.7191 Ай бұрын
Anybody think he’ll survive the 25 years?
@Kr0nicDragon
@Kr0nicDragon Ай бұрын
In a minimum security prison resort for rich people, yea probably.
@HiMyNameIsDannny
@HiMyNameIsDannny Ай бұрын
He's 32 now and will be 57 in 25 years. Shave off a few years for good behavior so yes he'll survive but his parents most likely won't.
@717DTran
@717DTran Ай бұрын
Won’t do the full 25 for sure
@anitaodom5155
@anitaodom5155 Ай бұрын
Biden gave this jokers brother 30 Billion taxpayer money for "pandemic preparedness". The washing machine continues. Prove to me he spends one minute in any jail.
@unkown34x33
@unkown34x33 Ай бұрын
I hope not
@datrill1000
@datrill1000 Ай бұрын
Usual Suspect……….typical behavior
@john_wick1
@john_wick1 Ай бұрын
some murderers probably don't even get 25 years
@everydayhen
@everydayhen Ай бұрын
He's a murderer in many sense 🙄😏
@TheRubberStudiosASMR
@TheRubberStudiosASMR Ай бұрын
They don’t
@Adrian-hz3fd
@Adrian-hz3fd Ай бұрын
You could say hes a murderer in a sense. FTX was BIG globally, you could argue that there were ppl who committed suicide after losing money cause of him
@thedude2920
@thedude2920 Ай бұрын
Go Bills!
@waynesworld686
@waynesworld686 Ай бұрын
Hope they give Diddy 100 years
@JohnEastmanExAttyAtLaw
@JohnEastmanExAttyAtLaw Ай бұрын
People are doing more time than he has for drugs. Some have already done more than 20 years.
@Eric-us5ey
@Eric-us5ey Ай бұрын
That's all he got? wow. WIll he share a cell with Bernie?
@wjb4578
@wjb4578 Ай бұрын
Bernie's dead
@JuaqiemMckelvy3214
@JuaqiemMckelvy3214 Ай бұрын
I’m sorry 😢
@bobbeytv
@bobbeytv Ай бұрын
25 for 11 billions 440 millions per year seems like a good deal many people get wrongly convicted and get barely 1million when they are out after serving time
@leonhue722
@leonhue722 Ай бұрын
Why didn't the auditors detect irregularities years back before real losses were incurred ?
@anc2242
@anc2242 Ай бұрын
Some get a life sentence for stealing a lot less money
@user-by9zj2jj7l
@user-by9zj2jj7l Ай бұрын
After 25 years he will do it again one way or another
@imy_mac
@imy_mac Ай бұрын
Dude is half laughing in the interview. The judge is 100% right that the guy will try to screw anyone again.
@krusty36m
@krusty36m Ай бұрын
Let’s cut out the BS. Crypto was created with fraudulent intent. And those who bought into it were suckered out of their money. That’s it.
@unkown34x33
@unkown34x33 Ай бұрын
25 is not enough.... he deserves 100 years! he was going to get away with a lot of money.
@cundie1
@cundie1 Ай бұрын
11 BILLION DOALLRS IN LOSSES BUT ONLY GOT 25 YEARS??....THAT JUDGE NEEDS A DAMN CALCULATOR, ... .....I GURANTEE HE MIGHT BE IN A PORSH FEDERAL JAIL FOR MAYBE 10 YEARS AND THEN BE FREED ON SOME BULLSHITT GOOD BEHAVIOR ,WHILE PEOPLE HAVE TO RECOVER FROM A LIFETIME OF LOSSES
@chillingspree3938
@chillingspree3938 Ай бұрын
Kevin O’Leary should get 25 years as well 😡😡😡😡😡😡
@jasonschwartz2347
@jasonschwartz2347 Ай бұрын
He'll be out in less than 10.
@TheRubberStudiosASMR
@TheRubberStudiosASMR Ай бұрын
Hopefully he doesn’t make the full 25. By the looks of him I don’t think he will😂
@chavalonjaimes1680
@chavalonjaimes1680 Ай бұрын
How about add a 0 to the 25
@flyphish4434
@flyphish4434 Ай бұрын
Dang. That’s gotta be a big hit to the democrats pocketbook.
@tubewatcher3100
@tubewatcher3100 Ай бұрын
I'd be surprised if he does not drag the appeal out over a long time.
@DABA2024
@DABA2024 Ай бұрын
What about Kevin O’Leary??
@scratchcardsandcollectible7455
@scratchcardsandcollectible7455 Ай бұрын
I did... invested.. 😢 all the $$$ is gone....
@bloodnthuner
@bloodnthuner Ай бұрын
The question is are investors getting compensated in invested dollars or crypto they were holding? Huge difference with the way the market is right now.
@inamoy9937
@inamoy9937 Ай бұрын
how about the corrupt SEC Garry gensler?
@tommyudo3195
@tommyudo3195 Ай бұрын
how about nobody gives a crap?
@Alkiel
@Alkiel Ай бұрын
sounds like fiat currency to me. i dont see what the problem is
@kokomo9764
@kokomo9764 Ай бұрын
He got off easy.
@user-vr2tx4tt6b
@user-vr2tx4tt6b Ай бұрын
He won't be fried from prison for 25 years & you can take that to the bank, man.
@oodymahoy4413
@oodymahoy4413 Ай бұрын
That’s it , why not tens years
@jreidtastic
@jreidtastic Ай бұрын
The judge did buy it. Only 25 years?! What da fux eva.
@00MorningDew
@00MorningDew Ай бұрын
If this man had the fan base that Donald Trump has, he would be a free man right now.
@B86432
@B86432 Ай бұрын
Bidens 2nd biggest donor he will be pardoned 😂
@mkself3231
@mkself3231 Ай бұрын
@@B86432 That's a bold face lie!
@00MorningDew
@00MorningDew Ай бұрын
@@B86432 Dems never pardon criminals, like your orange-ass boy did.
@B86432
@B86432 Ай бұрын
​@@mkself3231cry more
@ngrader
@ngrader Ай бұрын
@@B86432Joined Aug. 2016; 5 subs no videos... Beep Bop.
@Me00778
@Me00778 Ай бұрын
I believe policies, regulations, laws should have been lean, transparent and available. He was immature and caught in an overwhelming market condition where people have accessive amounts of money and high levels of greed. Not defending him... it is just a general comment
@tinamartina1801
@tinamartina1801 Ай бұрын
😂Sam is CRAZY
@LuckyDuckie115
@LuckyDuckie115 Ай бұрын
He'll be eligible for parole in 21 years (85% of federal sentence served to be eligible) , he already spent a year in prison meaning he's going to be out of prison when he's 52. He still has a FULL LIFE ahead of him at 52, a lot of people lost their entire life savings that are in their 40/50/60s
@mikemcdermott7760
@mikemcdermott7760 Ай бұрын
OK so when he paroles out he will be reformed and retrained as a male prostitute.
@dragandragan8967
@dragandragan8967 Ай бұрын
Now dokwon
@lipschutz
@lipschutz Ай бұрын
In Brazil, he would be President!
@Zorazora1234
@Zorazora1234 Ай бұрын
He strikes me as someone with Asperger’s Syndrome .. they can be very detached but it’s not intentional it’s how their brain operates.. I don’t know how his investors didn’t see or want to see that he had a disconnect. But folks are usually greedy, they want a get rich quick schemes and think they’re on to something special…
@pedroportillo1585
@pedroportillo1585 Ай бұрын
Shouldn’t Kevin O’Leary go to jail too! He was more than just an investor, he was deep in bed with SBF! No way he didn’t know what was happening.
@B86432
@B86432 Ай бұрын
Joe Biden 2nd biggest donor 😂
@goodpainlive
@goodpainlive Ай бұрын
25 years for stealing 32 billion. Not bad.
@brandonsmith2299
@brandonsmith2299 Ай бұрын
Yea I thought it was closer to this amount..? Why are they reporting 8??? Either way he was able to hide a lot of it.. he screwed sooooo many people over. Hahaha!!! And honestly they deserve it! Just take two second and look at this idiot. I would trust him with $100 let alone $100 million. He can’t even look put together. Looks like someone who lives in their mothers basement…
@user-eb4fq9jm5v
@user-eb4fq9jm5v Ай бұрын
Don't drop the soap.
@josephlo9579
@josephlo9579 Ай бұрын
FTX CEO SBF is LMFAO!
@brianc4037
@brianc4037 Ай бұрын
No where near enough of a sentence he should've received at least 50 years and be required to serve minimum of 80percent before even considered for release. He screwed alot of people. But I guess his parents are part of elite circle and got him lighter sentence and judge was influenced to go light .
@yesorno4147
@yesorno4147 Ай бұрын
See you in 25 years!
@RicePho
@RicePho Ай бұрын
Lol 25 years for stealing over 25 billion dollars. Sooooo pretty much he spend 1 year in jail and earned over 1 billion each year. Sign me up, i would go to jail and come out rich.
@nnoh7363
@nnoh7363 Ай бұрын
Exactly. They need to dig out his backyard or something... Who knows how much cash he has stashed away somewhere to use later...
@vgardner1688
@vgardner1688 Ай бұрын
Bye!
@Mackdaddy4218
@Mackdaddy4218 Ай бұрын
There is something wrong with this guy.
@Zorazora1234
@Zorazora1234 Ай бұрын
I think he has Asperger Syndrome…. his parents should have known better but instead they encouraged the madness
@Nebarus
@Nebarus Ай бұрын
Don’t worry, he will be out for good behaviour in 2 years… After all, it was a white collar crime and that should never be punished severely to deter others…
@user-we6ee9mr8x
@user-we6ee9mr8x Ай бұрын
AMERICA AMERICA 😂😂😂😂😂😂
@kevinrotten8259
@kevinrotten8259 22 күн бұрын
Will the democratic party be giving back the fraudulent funds, to be returned to investors
@bennoble2049
@bennoble2049 Ай бұрын
People gambled and they lost. Don’t feel sorry for anyone in this.
@joeytichenor1722
@joeytichenor1722 Ай бұрын
Katersky is a NERD
@glenholman3612
@glenholman3612 Ай бұрын
He's finally going to get a haircut.
@kavi590
@kavi590 Ай бұрын
Life time jail
@Indr1DC01D
@Indr1DC01D Ай бұрын
He'll be fine he's from the correct bloodline
@FairdinkumMate
@FairdinkumMate Ай бұрын
Sorry no crypto. I'm happy what I'm.making.
@Timetraveler101
@Timetraveler101 Ай бұрын
I expect the same sentence for Trump !
@datagrab
@datagrab Ай бұрын
*That's too small. He'd still be healthy at his mid 50s once he gets out and that's if doesn't get even more lucky i.e., he might get out much earlier. It should have been at least 40 years. Guess those donations to the democrat party paid off.*
@kananeesh7900
@kananeesh7900 Ай бұрын
The reality, he’ll probably be out in his 40s. Still plenty of time to create another scam
@skydaddy00
@skydaddy00 Ай бұрын
He'll do 85% of his time in the feds.
@Supernatural_Choices
@Supernatural_Choices Ай бұрын
People get more time holding up a liquor store
@sickk0073
@sickk0073 Ай бұрын
That usually involves weapons and the threat of violence 😅
@baldwintheanchorite
@baldwintheanchorite Ай бұрын
@@sickk0073 but it doesn't involve 11 billion dollars
@sickk0073
@sickk0073 Ай бұрын
@@baldwintheanchorite thank god our justice system values human life more then money
@baldwintheanchorite
@baldwintheanchorite Ай бұрын
@@sickk0073 Only in your imagination does a company who delete's 8 billion dollars of it's customers money not cause loss of life.
@sickk0073
@sickk0073 Ай бұрын
@@baldwintheanchorite Again, thank god the justice system doesn't work with imagination as good as your imagination is, it works with proven facts and pointing a weapon to someone is a PROVEN fact to the threat of someone life. Good luck trying to prove to a judge that your life was in danger just because you lost your money to a bitcoin scam.
@KKOPPONG
@KKOPPONG Ай бұрын
Had Sam shut up he could’ve gotten at most 10 years. The witness tampering, the interview’s further incriminating himself, him throwing his team under the bus leading them to also throw him under the bus just made things worse for himself, showing up on every platform and show no remorse whatsoever🤦🏿‍♂️…SBF is what happens when you have high IQ but very low EQ.
@byronkacheris5781
@byronkacheris5781 Ай бұрын
Scam. He will be out in 12 or less. Country club prison...
@DaniE_Legal
@DaniE_Legal Ай бұрын
No parol at club fed
@frankmcconnellogue3351
@frankmcconnellogue3351 Ай бұрын
He’ll get a job with the treasury like frank abignal did to root out fraud .
@Dude-etiquette
@Dude-etiquette Ай бұрын
Hen will be out in 10 and all of a sudden the money will appear, thanks to mom and dad
@jjreddick377
@jjreddick377 Ай бұрын
Fraud is ubiquitous in crypto. Why go after him 🧐🧐
@user-rh8fl8qz2z
@user-rh8fl8qz2z Ай бұрын
He thought he was invincible. Not a single indication of remorse or repentance either. Hes on his way to be BUBBA'S boyfriend.
@alfonsopayra
@alfonsopayra Ай бұрын
mmm.. 25 years is not much. He ruined lots of lives, he should have gotten life in prison. Mark a precedence so others will not try to commit fraud in the future. Crypto is a new industry, let's protect everyone from these bad actors, please!
@Gr8Incarnate
@Gr8Incarnate Ай бұрын
"mMm 25 yEaRs Is nOt MuCh" That's half of a lifetime for some ppl bud.
@triplekillerable
@triplekillerable Ай бұрын
Meanwhile those "investors" are casual people still go to Curry's NBA Game. Watch Larry David. Cheer for Brady.
@esvareinmal1041
@esvareinmal1041 Ай бұрын
Nerds are more dangerous than what we think 😂
@beauusa11
@beauusa11 Ай бұрын
Who did he donate to??????????😂
@Gr8Incarnate
@Gr8Incarnate Ай бұрын
You tell us. Everyone knows, it was even in the trial. Let's see if your biased, truthful, or just plain dumb.
@rafael2661
@rafael2661 Ай бұрын
So this is what REAL fraud is…. Not the phony trump trials…. This bond was $10mm think about that 😂
@B86432
@B86432 Ай бұрын
Bidens 2nd biggest donor 😂
@mkself3231
@mkself3231 Ай бұрын
That's a bond face lie!
@darthscipio5289
@darthscipio5289 Ай бұрын
TRUMP SHOULD GET AT LEAST THE SAME SENTENCE FOR TREASON;
@Jory0890
@Jory0890 Ай бұрын
This is all a lie 😂 his going to jail for giving free BTC 😂
@ronbelanger4113
@ronbelanger4113 Ай бұрын
For make believe money.
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