'Crypto King' Sam Bankman-Fried faces lengthy jail term | BBC News

Crypto boss Sam Bankman-Fried, who was convicted of fraud and money laundering last year, will be sentenced in New York on Thursday.
The former billionaire CEO faces decades in prison for fraud and conspiracy charges stemming from his role in the massive collapse of cryptocurrency exchange, FTX.
Prosecutors have said Bankman-Fried took more than $10bn (£7.9bn) from unsuspecting customers in "one of the biggest financial frauds" in US history.
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[@freedom_fighta]

Now they need to get rid of the scammers like Logan Paul.

[@jellybryce7742]

bob iger too and john stewart.

[@nanpanman1]

Wow, that lady talks with so much confidence about a subject she clearly does not fully understand. Impressive!

[@mattinterweb]

Ha. Exactly.

[@robertcarroll9409]

He deserves a long sentence too, he’s just a common criminal.

[@bloodlove93]

that statement seems to contradict itself. if hes just a common criminal, nothing special, nothing uniquely heinous or harmful that he's done.... then why does he deserve a long sentence? something that many who've committed worse crimes should've had but got less? logically wouldn't you want serious sentences for serious crimes and lighter for lighter crimes? if a steal a lighter vs what sbf stole,are those the same? what about if i kill a pet but not the owner,is it equivalent to killing a human now? no obviously not. the type and severity of a crime should dictate punishment.

[@klipk7296]

A bit more than a common criminal

[@HarHah]

There's no reformation in prison.. only recidivism

[@johnthomas1422]

​@@HarHahso leave him in there for life.

[@robertcarroll9409]

@@bloodlove93 Good luck with your therapy. 🙄🙄🙄

[@steveide2448]

And the banking industry is completely innocent!

[@johnthomas1422]

The banking industry is regulated and insured, which is the opposite of bitcoin. No refunds.

[@sometea4741]

Ecultonomic eggheads..legality is the veil that permits them to act with impunity despite being morally bankrupt.

[@richardashworth400]

Banking as we know it is just a legal, regulated scam mate. Don't fool yourself into thinking there is any difference between SBF and the Rothschilds. Two cheeks of the same arse.@@johnthomas1422

[@sh0t0kan]

If Madoff got 150 years he's probably going to get 50

[@matth7448]

Hope he gets 100 years

[@A-tv366]

Damnn

[@pilotguy5075]

This women has no clue about crypto.....so depressing that mainstream media just accept what these talking heads say. Yes SBF should go away for a long time but please get someone on who understands crypto.

[@jongoth]

don't worry. they'll all get into Bitcoin eventually. it's inevitable. it'll be at the price they deserve ;) hope your bags are pumping, mate

[@ura9390]

She’s clueless! Blackrock and the biggest asset managers in the world are ploughing billions into what she describes as a “ponzi” 🤡

[@AryaRishi]

Make it 100 years

[@user-ql5hu1nl5d]

But Sam said he was sorry....

[@properjob79]

and he's suffering from stress,his poor mental health must be suffering

[@user-ql5hu1nl5d]

@@properjob79 exactly, if he said sorry then we should forget everything he did, especially if he is suffering

[@properjob79]

@@user-ql5hu1nl5d i'm making some placards for our protest

[@geoms6263]

soory for 2008 financial crise

[@user-ql5hu1nl5d]

@@geoms6263 You are correct, Sam's philanthropic work with other peoples money has to count for something.

[@tomoliver542]

"We're living in a frothy time"... Lady idk what you're on, but crypto is the future

[@billbo9761]

The only thing frothing was her mouth. 😂

[@Hali88]

yes, the future i.e. that thing that never actually happens. Trying paying your rent or shopping or gas bill in crypto

[@richardashworth400]

Lol. Such a smooth brain response. No what else people rejected decades ago? The car. "We have horses.... this automobile will never catch on" Either hop on the wagon, or get left behind chap.... i know which one i'm doing....@@Hali88

[@TheRasta4ri]

SBF had a lot of help from many main stream influential people Kevin oleary was a big influence in the schemes the amount in total is more than 25 billion in losses across many countries majority of are in Asia.

[@mikafiltenborg7572]

Scam Bankman Fraud 😂

[@Reece-Mincher3601]

jew said it buddy 😂

[@royg9776]

@@Reece-Mincher3601 you look like youd make a good butt buddy for SBF in jail.. Jk jk love to u my G, but what is up with the fruity-ass profile pic 💀

[@malenotyalc]

If it was a bank and not an exchange, it all would've been legal.

[@haf2567]

Are you trying to tell us that you want him to be let go because he's running a traditional Bank.

[@malenotyalc]

@@haf2567 No, just pointing out that one sheet of paper making him a bank, would've made all his fraud legitimate investment business. And for a purported genius... seems more like a dumb ass poser.

[@gburahbondo2948]

How can someone waste their lives in such a way

[@properjob79]

He's a ruthless fraud,same with Elon and Branson

[@malcolmtent]

Now for the parents, they should return the money and face other penalties. Also they should be forced to change their names from Professor Bankman and Mrs. Fried to Professor and Mrs. Bankman-Fried.

[@flyagaric1607]

They don't accept crypto in the prison canteen.....

[@user-uf8nb1vc1o]

There are lots of phones in prison and even more corruption. They actually might.

[@idicula1979]

He was worse then Bernie Madoff, because you could say Bernie Madoff was the victim of his success to some extent. But this guy just was very cynical in using this sham of a currency; cryptocurrency to basically pay x with y’s money.

[@billbo9761]

You clearly have no idea what you're talking about.

[@malfmeister6022]

25 years is a stiff sentence but community service compared to Madoff. Both just stole billions in customer funds via a business with no substance ultimately. Similarly Liz Holmes got less than half for knowingly putting life’s at risk.

[@avarmauk]

Not one crypto advocate has called for no regulation. They’ve always asked for regulatory clarity

[@dog-jk2hn]

Nonsense. Many of these dorks decry any sort of regulation.

[@avarmauk]

@@dog-jk2hn You’re wrong and poorly informed about this industry.

[@dog-jk2hn]

@@avarmauk The industry is a farce and you're an idiot.

[@freebritney4830]

I don’t know what it is, but I just keep noticing things lately 🤔

[@David1991.]

Lay off the drugs meme channel

[@Firkinnel]

They will pass him around in prison like a bag of sweets !

[@jacktheripper-hp9tx]

how come this guy gets 25 years and trump dont get anything

[@HarHah]

He's just a pawn ♟️

[@herbsabeast1]

He defiantly deserves over10 years especially because he's like "when I talked to ALMEDIA group THEY SAID THEY HAD FUNDS" when in reality they had some, but not nearly enough. You can't just say you have the money then go spend billions on both sides of politics buy a bank then when investors are like I want my money Sam's answer I don't have any. lying under oath should have a bigger consequence.

[@billjohn3287]

Justice is not served .. 25 years is nothing .. I don't why ( the chosen once ) get free pass .. he should've been in jail for 120 years (that is justice for all American who suffer from this man

[@Hali88]

if it's nothing you go do the time with him lol

[@VTR1756]

Don’t drop the soap

[@billyboy-mc7xn]

You wouldn't believe there's been a lot of stabbings in London in the last couple of days

[@newmexicoballer3867]

Of course it wouldn't make news because certain cultures that run the media want to keep a squeaky clean image in the media. But let it be some dark skinned people the media is all over it as usual.

[@NothisisPatrick-oe9fv]

This guy was sweating Adderall

[@neom0nk]

Pretty sure Tiffany Fong was the last person to interview him before jail FYI.

[@joshuqlewisham8086]

I hope that it'll be 💯 years

[@EyFmS]

Na na na na na naaa naaaa Bankman!!! 🦇🩸💰

[@liamhaggerty7609]

Hes gonna need kevin heart to get him hardend up hahahaa😂

[@stevenharkness8849]

I will make no comment as i know nada about crypto .. but my neighbour told me about 10 years ago about bitcoin and its my biggest regret i will say that .

[@user-bi4nm5zp7f]

This is only a drop in the ocean compared to how piticians fraud you

[@Pining_for_the_fjords]

He won't be Fried for a long time

[@newmexicoballer3867]

I told people he's a fraud many years ago. He just have that vibe of a fake nice person.

[@MegaBeaumont]

After Madoff and others , just a job for the lobby.

[@VV-lr7xe]

Stealing multi billions and still 25 years? 😂😂😂😂😢😢😢😢

[@johnd6913]

Great use of the word frothy at the end 😂👏

[@grahamholland7931]

Get someone on your show that understands crypto!

[@bloodlove93]

just make sure that he doesn't somehow buy out and destroy the prison. it's funny how she talks about crypto being unreliable and banks or whatever not wanting to touch it...wasn't it just a week or so ago that bitcoin got put on the public stock exchange thing? (obviously i don't invest or study this subject)

[@billbo9761]

Close, people can invest into Bitcoin via investments banks like Black Rock now. This was approved by the securities exchange commision on 10th January of this year. Since this was approved, billions of dollars have been used to buy bitcoin via the investment banks.

[@richardashworth400]

The ETF for Bitcoin did, yes...... but also, guess who hold a shit ton of Bitcoin? (I'll give you a hint...... it's the banks themselves, but they just don't want you to know.)

[@StarSprangledBanner]

Some would cry "Witch hunt" !

[@lambastepirate]

I hope he gets the max of 110 years!

[@flamingdumpster9096]

Sorry stupid question 🙋‍♂️ but crypto was supposed to be more secure than any fiat currency managed by the world’s banks. Why is one individual able to embezzle billions in crypto currency? 🤔 why does crypto need regulation? The whole point is that it’s secure without regulation, no? Do people who “invest” in crypto understand what their private key is? Do they understand how critical it is to secure their private key? 🔑 LOLOLLMFMAO 😝 LOL 😝 😮

[@richardashworth400]

max he will serve is 5 years. Palms will be greased, sentences will be reduced.

[@michael2275]

3:50 Still don't understand bitcoin....this only made bitcoin stronger.

[@lanabyk8012]

Who is worse, Trump or Fried?

[@Haq691]

Indeed, your Lord is Allāh, who created the heavens and the earth in six days and then established Himself above the Throne,1 arranging the matter [of His creation]. There is no intercessor except after His permission. That is Allāh, your Lord, so worship Him. Then will you not remember?

[@accountantasia125]

How much did he swindle? Did he pay back ? This fellow needs to be locked up permanently.

[@Susancov]

*Thanks for continuing updates 👍🏻 I'd rather trade the stock market as it's more profitable 🙌🏻🙌🏻🙌🏻🙌🏻🙌🏻was owning a loan of $47,000 to the bank for my son's brain surgery (Oscar), Now I'm no longer in debt after lI invested $8,000 and got my payout of $120,500 every months,God bless Angela Christine Derle* 🇺🇸🇺🇸🇺🇸..

[@AlbaluBM]

Hello , I am very interested. As you know, there are tons of investments out there and without solid knowledge, I can't decide what is best. Can you explain further how you invest and earn?

[@melissafaywhite8454]

Same, I operate a wide- range of Investments with help from My Financial Adviser. My advice is to get a professional who will help you, plan and enhance your management skills. For the record, working with Angela Christine Derle, has been an amazing experience.

[@alanbowen5786]

YES!!! That's exactly her name (Angela Christine Derle) so many people have recommended highly about her and am just starting with her 😊from Brisbane Australia🇦🇺

[@miazimmermann4630]

I'm favoured, $60K every week! I can now give back to the locals in my community and also support God's work and the church. God bless America,, all thanks to Ms Angela 😊🎉

[@Barnardrich]

Thanks for the recommendation 🙏 how can I get to her ?

[@markwilson3414]

Shame on bbc , biased media

[@KatiaSilva-sq2gr]

remember that the Brazilian people are afraid of them, never forget that, the Brazilian people are good.

[@geoms6263]

After the crisis of 2008 no one was convicted or put in prison.......FREEE Sam Bankman-Fried .

[@metamind095]

What a tragedy! I stand with Sam here, he was "reallocating" money for a better cause...arguing that he used it for a "lavish lifestyle" is ridiculous, he always was humble and prudent in money spending. 13 million mansion (for the WHOLE team) is not an exception. Granted he played the capital game to harshly but I sincerely believe that his effective altruism ideology is based and just imagine how transformative of a change somebody with his mindset could have brought to our society. What a loss!! I m also deeply dissapointed by the public perception only focusing on surface level missmanagement technicalities. Just look at his main competitor Binance...they essentially almost got caught doing the same thing! Also the fact that Caroline so cold-heartedly betrayed him in court is beyond the pale...

[@emc129]

Sam is that you?

[@johnconnor7501]

Not buying it. He made political donations too, he knew what he was doing.

[@metamind095]

@@johnconnor7501He was playing the money (& political) game to gain maximum security for his future alltruistic goals.

[@ius1141]

did doctor zelensky hire that guy to not work

[@robbo8566]

Give him 25 years and a hair cut ffs😊

[@christopherbereznak1175]

FREE FRIED!

[@fluorite1971]

What are fried faces?

[@ianlewis2813]

Cry Cry crypto it's monopoly money...

[@billbo9761]

Have fun staying poor.

[@steveide2448]

I’m paying off mortgage this year, and retiring next year, so you you missed out, so sad

[@Hali88]

@@billbo9761 lol have fun buying imaginary stuff with crypto

[@themightytitan4157]

​@@Hali88Fiat is going crypto within 5 years, check the news regarding swift and cdbcs. That's slave crypto.

[@paulwei6596]

crypto industry = gambling industry

[@richardashworth400]

banking industry = legal crime. Whats your point?

[@NevilleBartos-el9qw]

"crypto king" ROFL.

[@titusmangum6378]

Sam the bank man got fried. 25 years…lol

[@hammer8243]

His place is under the feets of real gangstaz in the jail. He is just nothing

[@Phil1994a]

He shows no remorse - he'll get 5 fives and i think we all know why

[@j.erickson8571]

It was so cute to see the humanitarian Bankman-Fried rushed by Federal agents in his court-appointed 50 dollars suit + tie + shirt combo.

[@Sharvalgon]

Sam Bankless-Fraud

[@arveyilleszender5809]

What do you expect. The usual suspects.

[@lawrencehawkins7198]

Hear! Hear! Good news, wot? Cheers!

[@ius1141]

he look like someone that does not work

[@syngonsmythe38]

If you work a nine to five job, you have no time to make money!

[@2gointruth]

“Do not store up for yourselves treasures on earth, where it grows rusty and moth-eaten, and thieves will break in to steal it. Store up treasure in heaven, where there is no moth and no rust to spoil it, no thieves to break in and steal. For where your treasure is, there will your heart be also.” - (The Prophet and Messiah Jesus of Nazareth at Matthew 6: 19-20) -

[@MrHowardMoon]

His tiny hat friends will see he serves very little time.

[@MrMaenambeach]

One tier for the small fry. Another for Trump.

[@artemisa81]

He'll get 5 years in a minimal security prison with a laptop and internet access, be out in 2 for good behaviour, then will write a book and appear on dancing with the stars. Justice system is done.

[@retfordshop506]

GOOD 🤣

[@nicholasnich7083]

Stop persecuting Jewish men just because they are successful and do so well within the banking industry!

[@billbo9761]

That has to be a joke! 😂 SBF is the polar opposite of successful and he was never in the banking industry.

[@gayatrisardana6076]

Love 😘❤🔥💎🦁🤟

[@mtawali13]

He will get probation and a fine

[@billbo9761]

😂 No, he won't.

[@Haq691]

We send down the Quran as a healing and mercy for the believers, but it only increases the wrongdoers in loss.

[@MM-iy7gz]

The biggest joke is that his parents are still professors at Stanford law.

[@CODduvonYT]

King 👑 of crypto❤❤❤❤

[@ttcc5273]

Happy Birthday Alina Habba! Enjoy your extravagant luxury villa in St. Barts in the sunny Carribean! Glad to know donations to the RNC are being put to good use! 😂🎉

[@knifetoucher]

Now that is the face of a future cell botom

[@Firkinnel]

Now follow the money !

[@denkk4282]

Шрёдер не исключил, что его дружба с Путиным поможет урегулированию на Украине Бывший канцлер Германии Герхард Шрёдер заявил в интервью агентству DPA, что его дружба с президентом России Владимиром Путиным может помочь найти решение конфликта на территории Украины за столом переговоров. p.s. заход эффектный но очень лукавый. вас коллективно можно похвалить. вы во главе с Бжезинским как идеологом нашли "баг", критическую уязвимость для взлома и перепрошивки всей "системы". вы назвали вещи своими именами. нет, не публично - на секретных совещаниях Пентагона и совместных планерках Ми6, БМД и ЦРУ. вы признали сепаратизм - сепаратизмом. развал страны - развалом, один народ - одним народом. это ведь была и остается именно вашей идеей, уничтожить даже память о России, Россиской Империи, и СССР через обыкновенный лингвистический ключ. который из за проворовавшихся политиков запутавшихся в собственной лжи и амбициях на власть, оказался вне территории России, в очень алчных, падких до денег руках, в стране где царит зависть продажность и анархия как национальная идея. хорошая работа! правда хорошая! купить авторское право на язык у туземцев, заставить их пустить себя в расход в обмен на... а собственно что взамен? мне даже сложно это опрелелить. деньги? нет. они приграли больше чем заработали. власть? не смешите... ресурсы? кажется это тоже они уже успешно промотали. в обмен на что? на сиюминутное утоление голода своего эго? перед тем как полностью исчезнуть или в желудочном соке Евросоюза который их переработает в неких неграждан грязнокровок, или же утративших свой уникальный дар свободы вернувшись в общую семью триединого Русского народа. гениальная схема. но вы отдадите это целиком.без торга...это не продается...не вам и не в этот раз...

[@denkk4282]

я уверен вы знаете о чем я...

[@denkk4282]

вот на этой платформе мы соидемся и нам есть о чем поговорить в сфере безопасности на континенте. если же вы расцениваете упущенный шанс этой попытки "взлома" как глобальный проигрыш - то вы уже достоины ядерного удара по своей стране...

[@denkk4282]

вы все не хуже меня знаете чья это собственность и кому это принадлежит!

[@denkk4282]

подкуп, шантаж - избавьте нас от этого. мы и так стоим два года на волоске от ядерного апокалипсиса по вашей "милости". не надо еще сильнее все усложнять. я не ручаюсь что смогу обеспечить еще один раунд связи при хотя бы отдаленно стабилизированной и понятной обстановке. было достаточно абсурда. дурочку можно выключать. глупо будет умереть в этом "образе"...

[@denkk4282]

вы отдаете "это" нам, и уходите на свою историческую территорию. можно счесть это ничьей... при определенном фокусе событий...

[@tis_phil]

It's not right to increasing a punishment to "make and example".

[@mattinterweb]

Your 'expert', lets call her an unqualified pundit shall we clearly has no idea about crypto to call a whole space a ponzi scheme. Someone talking with with such authority whilst appearing to know precisely F all is a true hallmark of a charlatan. The quality of BBC journalism continues to get worse and worse.

[@fpvDRE]

tell us all how youve made billions on crypto LOL 😂😂

[@mattinterweb]

​@@fpvDRE 🤡

[@Iamusertoo]

So most of the money are recovered? Isnt it funny, people who spent all this pounds for the Rwanda plan will forever walk out free.

[@billbo9761]

It's not as straight forward as they're making out. They're giving people the value of their crypto e.g. bitcoin, based on the price it was at the very bottom of the market. It would be like you buying a £200,000 house. They steal the house from you. The house goes up in value to £800,000. They then give you £200,000 in cash and say you have been given all your money back. The house you can buy with that £200,000 is now 4x smaller than the house they stole from you.

[@gburahbondo2948]

Baby face genius.

[@newmexicoballer3867]

Baby face con man.

[@gymjunkiecrypto]

And he still hasn't had a hair cut...guess hes broke.....

[@jamessteven9748]

This guest knows nothing about crypto. Shame BBC

[@johnthomas1422]

And you added nothing of value. Enlighten us. You believe in money that you can never touch? Is the bitcoin in the room with you right now?

[@jamessteven9748]

@@johnthomas1422 excuse me sir but it's not my job to enlighten you. But while your here let me ask you do you believe in money that can be created by nothing and printed until the end of time? Can you make a bank transfer on the weekend? Is your money really in your bank? Could your government force capital controls on your bank account? Are you sat in a room with your fiat money? Can you go to your bank and ask for all of your money? Do you support fractional reserve banking? Do you understand that crypto is simply protocol? I'd be interested to see how your answering of these questions can add value to the conversation and enlighten us 👍

[@jamessteven9748]

What is crypto to you?

[@TheImperialChannel]

*Too much love of money ended up 'frying' him. Why do those people like to repeat their sordidly incinerating history?*

[@gburahbondo2948]

I don't believe he did it on purpose

[@evilmothericebearkillerbir6016]

the dems will get him off and joe biden will forgive him

[@billbo9761]

Why would they do that? 😂 That would be a TERRIBLE look for them.

[@evilmothericebearkillerbir6016]

@@billbo9761becose he donated a sht lode of money to the dems a biden did not give it back when he found out sam was a scamer

[@hmofeurotas]

you mean "CRIPTO CON"

[@sunnyjacob1221]

The RAF taught him how to trade cypto, so they can set him up and frame him, they even said to use their account so that he would pay zero tax, Sam stuck with his chartered accountant and did everything by the books, thinking that crypto trading was a valid way to earn money, as the RAF linked companies had shown him.