Disgraced former FTX CEO Sam Bankman-Fried sentenced to 25 years for financial fraud

A judge sentenced Sam Bankman-Fried to 25 years in prison for orchestrating what prosecutors have called one of the biggest financial frauds in American history.
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[@RudieObias]

I thought committing fraud was part of being a billionaire in the USA 🤷🏽‍♂

[@StillYHWHs]

From almost all politicians at very top to bottom. In all parties. It's called blue collar crime. Those who commit try to turn it on those who report and try to stop it. At every level.

[@MultiKm1]

I mean.....guys who have committed things like kidnapping and rape quite often serve way less.

[@Shtfstrategist]

He should have gotten more time. Low security prison!

[@tonytouch145]

It’s financial. he’s not going to get life. 25 is a long ass time

[@pete6705]

I think he’ll do medium security. Minimum security is usually for terms 10 years or less

[@SSB2121]

Somehow this doesn't seem like enough. He has ruined tons of people's lives and with good behavior he'll be out in 12 years and will still be a young man.

[@Murphys_Law9]

what do expect he has access to the best lawyers

[@marilynh.]

​@Murphys_Law9 Not in Federal Prision. He has to do every single day. There is no good behavior to cut time off of prison sentences in the FED.

[@Gamer_Live_Studio]

25 years is a long ass time even if he's out by like 12 years that's still a long ass time s*** will change cryptocurrency will probably be no more or does it exist so I don't know what the f*** is going to do lmao once he comes out he can't do the same old tricks

[@montananerd8244]

@@marilynh. just echoing & confirming. I agree he needed more time & he will def be in a less unpleasant prison than most, but he’ll be there til 2049. Unless he gets a pardon or some such, his folks are pretty connected, I bet they’ll wait for the next dem prez after Biden & then start lobbying. A lot of these people do get out early, but the more famous you are as a criminal, the longer you serve. Like they can’t release madoff early but if we don’t remember the name when the pardon request comes thru, a lot of presidents let white collar criminals out early.

[@road_rider]

@@marilynh. It's 85% of the time in a federal prison. Which is to say, the shortest his sentence will be is 21.25 years.

[@bikedawg]

They should've added---no internet access as the punishment. and get a hair cut.

[@mamatrain100]

Wow, I've seen more time for low level fraud.

[@jaydenyoung4851]

When

[@JohnHausser]

It’s a nice sentence ! Well balanced

[@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.

[@StillYHWHs]

They won't. Gov always takes it for raises. They'll never give it back. Even if they get it back.

[@mamasan7902]

I lost confidence in our jurisdiction for quite some time now.

[@akishaellington6418]

Unfortunate that he didn't get the 50 years, he will be late 50s when he gets out he can still do harm to unsuspected people.

[@ycallace]

I mean didn't Bernie get sentenced to 150 years for a comparable crime when he was a much older man? Why did Sam get off so lightly?

[@Adam-ss9do]

Democrat doaner, 10 Million to Biden. He will get an appeal and be out next years.

[@747heavyboeing3]

Exactly.

[@christophersnedeker]

Finally some consequences for white collar crime.

[@mrwonderful2081]

Does he have the possibility of parole?

[@mortalclown3812]

Not under federal guidelines.

[@Castle743]

Wow..not life in federal prison He sure had a lot of help

[@MrFargo1001]

Low Security. He's going to a camp. Did 5 years at a Camp in PA. It's a piece of cake.

[@JohnHausser]

What do you mean ?

[@pete6705]

I thought minimum security was just for prison terms 10 years or less. I think with a 25 year sentence he’ll have to do medium security

[@MrFargo1001]

@@JohnHausser Prison Work camps are much different than Prison. For starters, there are no bars. But if you attempt to leave, you go to Prison. Next, food is pretty good, visitations are flexible, living conditions are private and more like College Dorm, and there are no visible guards. Of course, everyone would prefer to be home, but you did the crime you do the time.

[@nonsibi1087]

“You may put 'em on the list - you may put 'em on the list; And they'll none of 'em be missed - they'll none of 'em be missed!” (I've Got A Little List, THE MIKADO, Gilbert & Sullivan, 1885)

[@alicesmith3249]

25 years? That’s all???!!! Madoff got 150 years and $14B of the $18B was recovered. This is justice?

[@saraneuss4089]

Only 25

[@FDR-ww6xz]

His face in the image looks like he’s smiling.

[@michelenewman173]

This young man is about to get a huge wake call.

[@Adam-ss9do]

25 years in club Fed, he'll be out on an appeal next summer.

[@747heavyboeing3]

Not a Federal crime he won't

[@YourSecretIsSafeWithMe]

He’s off to Camp Fluffy or Camp Cupcake. He’s been touched by an angel.

[@kamakoa]

Wow

[@cynsterfoster2320]

Smirking.

[@montananerd8244]

Tomorrow the multi part podcasts will come out 😂

[@Tellmewhynow]

SO what happens to th victims money? that's it? "ok bye, thank you?"

[@imathreat209]

Him and his girl are the definition of discord mods

[@benbow7]

Bankman-Fried, Belfort, Madoff, Maxwell, Milken, Boesky... they all look similar somehow.

[@liberatedwoman]

Trump.

[@mortalclown3812]

Nothing quite like disingenuous bigots trying to sneak hate in under the wire with all the subtlety of Dunning-Kruger wearing jack boots.

[@regional1000]

All jews

[@Maxrepfitgm]

That's it? Lol wow

[@blessingndlovu9037]

Americans fall for scams very easily...Remember Theranos🤣

[@janmick9719]

yes🔥🔥🔥🔥

[@donnamaddox7023]

He was backing the democratic party big time..he's their pawn.

[@georgeshelton6281]

What a bummer for this wealthy socialite.

[@Hbrown1770]

Did the politicans give back the millions of campaign dollars he gave them ? ? ?

[@AcTua98]

57 if he serves all the time I bet he get's out in 12-15 years with good behavior

[@baanjones5910]

Hope good behavior has been ruled out. 🙄

[@Castle743]

25 he will be out in 5 He had a lot of help

[@mortalclown3812]

Federal prison terms don't get parole.

[@shamekagreen3491]

No One Is Above The Law

[@lulajohns1883]

I wish that were true

[@tordpluspeed7052]

Good luck in the po-po. No pitty, rip off artist.

[@davidstewart1639]

Good. Now what about the wall st criminals.

[@Castle743]

White collar prime pays off

[@realestjokeinthedumpster5172]

Curly bumpy hair dude won't be a hard target in prison..

[@yatarookayama8329]

Moral lesson only invest in Legit - Top Crypto like Ethereum and Bitcoin 🤔🤔

[@jesusasalgadogomez8484]

Justice served

[@shockem9786]

I don’t understand what did he do wrong tho I don’t quite understand the fraud charges

[@mortalclown3812]

Ever consider reading up on it? The facts of the case are laid out on lots of different platforms.

[@shockem9786]

@@mortalclown3812 I’m too busy to be reading stuff on the internet

[@LuciFeric137]

Be out in 6

[@mortalclown3812]

Nope. Read federal guidelines.

[@user-qu8lt3hf7e]

Thats

[@00MorningDew]

If this man had the fan base that Donald Trump has, he would be a free man right now.

[@micheldenostredame519]

Even he is guilty of a crime, but also in this case the so-called the victims themselves have committed the crime. Since they don't even exchange currency like Forex, they just buy lottery tickets hopes to win the huge jackpot. Can you imagine, someone wanting to use a used ticket again for a new transit. It seems that people don't understand the concept of money, why is it called money. It doesn't matter if it's a physical coin or a cryptocurrency. It looks like they work as "stock" a share buyback thing, but instead the word "coin" with the word "share", they didn't even invest their resources in an actual cryptocurrency coin.🙂

[@AlexRocks24-7]

Be out in 12 🫤

[@mortalclown3812]

Nope. Federal terms are served in their entirety.

[@loriparks8657]

😂😂😂 look at all the billions of dollars that he got for fake money he's surpassed Bernie Madoff

[@xlargetophat]

Money comes from work.

[@lulajohns1883]

Clean money comes from work. Fraudster don't care how they get rich

[@xlargetophat]

@@lulajohns1883 right. They make a coin. Copy and paste some code.. and think they did something.

[@dublion7]

That song.. For the love of Money! 😅 Mean Green..😂

[@hippyhop3913]

Take from the rich get life, take a child’s innocence few yrs ..horrid world

[@archieizhellboye]

50 years excessive...... good thing he wasn't black #smmfh

[@user-jf7ho5fg5n]

Who wants to watch ABC not me ? I will watch newsmax thank you.

[@mortalclown3812]

Because My Pillow and jack boots ads are plentiful there. #dunningkrugernation

[@leonardzolfo1632]

You should spend life in prison for taking everybody's money.He doesn't deserve 25 years.She's staying there hunting yes

[@ChrisCabo-jc9td]

Twenty five yrs for nob violence is insane.

[@liberatedwoman]

👍👍👍👍👍👍👍💙🇺🇸

[@deeprecce9852]

Like this comment if you are willing to sit in prison for 20 years in exchange to make u a billionaire!

[@end-game2030]

😂😂😂😂

[@redcomet0079]

Jewish Sideshow Bob smiling on his way to jail

[@maureensurdez7841]

How much for stealing and enbezzeling from America😊can voters a'la Trump.?

[@kek3908]

Democrats loved this guy, until they didn't.

[@lisafoy1328]

Donald trump Next 💥👈

[@aboutface102]

I hope this makes crypto criminals think twice

[@braveonethanks3535]

Hunter should be next right along with his dad and Hillary Clinton and let's not forget Obama for starting all of this woke crap

[@hmofeurotas]

BYE thief...! If your nice during rec time "THEY" will make sure you "FEEL" at HOME~