Sam Bankman-Fried Faces The Music For His Crypto Fraud

Sam Bankman-Fried was sentenced to 25 years for his role in stealing money from users of the collapsed cryptocurrency exchange FTX. Ana Kasparian discusses on The Young Turks. | Your Support is Crucial to the Show: go.tyt.com/joi...
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"Sam Bankman-Fried was sentenced Thursday to 25 years in prison for his role in defrauding users of the collapsed cryptocurrency exchange FTX.
In a federal courtroom in lower Manhattan, U.S. District Judge Lewis Kaplan called the defense argument misleading, logically flawed and speculative."
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240328__TA02BankmanFried

[@waveygravey9347]

This guy ruined countless lives, anything less then 25 years would be a slap in the face to those who lost everything.

[@enyamouth69]

Yea i dont know what anna is thinking feeling sorry for this guy.

[@aliceglado]

The sentence is utterly absurd. 10 years MAX. I loathe America.

[@williammcadoo8685]

So he ripped off rich people . If he ripped me off, he'd be free.

[@sergei5106]

He'd be a senator

[@antclerfont8478]

Yeah no kidding. Honestly this story I have no sympathy for. Ripping off rich people pretty much never mattered as much as the rich has been ripping off Average Americans like us.

[@erikwsince1981]

Finding a way to sympathize with SBF? Incredible. Please don’t.

[@mikejunior80]

Well Sam Bankman-Fried wasn't remoresful and I disagree with you, Ana. He should get double his sentence.

[@whatsdoin2392]

Stealing people's life savings is like stealing their life. He stole $8 Billion dollars, how many lives does that represent?

[@davidhand9721]

I think it's one of Elon Musk's legs.

[@bruno3]

It's actually very ignorant of Ana to say he shouldn't serve more than 6 years because he isn't a murderer or a rapist. He stole a lot money and never acknowledged any wrongdoing, only "bad business decisions". Many people he stole were small investors, regular people who trusted Tom Brady and others and lost their life savings. That's not murder or rape but can ruin people's lives. Some of them might commit suicide or make some very bad decisions. And he's the one to blame. If he only got 6 years, that would be a terrible message to other crooks: "as long as you don't commit acts of violence, you can steal everything! The other guy stole 8 billion dollars and only got 6 years. What's the worst that can happen?". I'd love to see how Ana would react if she or someone she loved lost everything they had. Actually, I wouldn't love to see that. No one deserves that.

[@christinachavez395]

What is wrong with you Ana!?! He ruined alot of people lives. Their retirement funds! And you think 6 yrs is enough!??! You are so wrong! He is absolutely a danger too society. He doesn't give a shit that he hurt these people

[@antclerfont8478]

And rich CEOs and billionaires never gave a shit about how much they ripped off Average Americans. I'm sure the people who liked your comment could be rich fan base.

[@aliceglado]

Yeah, give him 5000 years. Murica. Cesspool.

[@bigkahuna8652]

Strongly disagree...the semtence should have been at least 50 years given the amount of harm caused by Scam Bankman Fraud.

[@Brent_P]

Ana talking out of both sides of her mouth again 🙄

[@Stijn5]

25 years is insane for a non violent crime.

[@bostonc-rad2330]

Why must Ana take an antagonist approach to almost every news story and defend horrible Republican's seemingly just to aggravate viewers and argue the other side? It's deliberate, annoying and ruining the show..

[@antclerfont8478]

If that's how you felt then you have the option not to watch Ana.

[@bigbaddawg101]

He made the mistake of ripping off rich people.

[@toddmcneely9047]

Does this woman realize that people actually killed themselves after SBF stole their money.. For her to suggest that he is not a threat to the public is Ludacris.. just for contacts if he had committed this crime in some countries in Asia he would have been put to death literally.. I think people like SBF should be made an example of and I agree with the prosecution asking for 50 years. 25 years impossibly out in half that time is way too light of a sentence for the amount of people he hurt..

[@larryjones-vz1ct]

Wow Anna I guarantee you would feel differently if I was a member of your family or friend they lost their life savings to that man

[@azad1718]

He needs to in prison for Hundred years not 25 years. This is not million dollar crime this is billions dollar crime affecting too many people. Ana you should serve prison on behalf of him if you think he should get few years in prison! He is a Jewish guy that probably got him less than quarter of what prosecutors wanted. If he was Palestinian he would get hundred years in jail including his family members getting long jail time for fractions of crimes this guy did . Five Palestinians man got 65 years prison for allegedly funding small amounts of money to Hamas government. Punishment for Palestinian is far more severe for far more less

[@lapdwascaaaalled8870]

Bernie Madoff got 150 years. 25 years is light

[@hardrockwhisker2771]

He probably ruined far more lives than any serial killer did in history. Should have been jailed for life.

[@AsifKhan-hf9zy]

if he took people's pensions then yes, but if he took people's lotto money, then no, he hardly ruined anyone's life. you should be playing lotto with extra money lying around, you should nt be playing lotto with your money you need to keep a shelter over your head and food on the table

[@Peptalk1w34]

He ruined, peoples lives. Made off got lifetime, 25 years is not nearly enough and should’ve been at least doubled.

[@gonogazz]

las vegas..trump..cops..etc etc..

[@cameronb4099]

Some people committed suicide because of what he did and what they lost

[@gedeo]

too lengthy? clearly he didn't stole from you ana. he stole BILLIONS ana!!! thousands of lives ruined! because of his actions.

[@Stijn5]

He'll probably do about ten years, which is fine. If you have put your lifesavings into crypto, you've won the Darwin Awards.

[@sparkle3000]

What are you talking about? He destroyed people's lives and stole their money. There are people who served twenty years for selling weed. Now that weed is legal, they're still serving time. 👋

[@plantbasedanalyst6263]

The sentence was appropriate. However, we should note that the executives that tanked the global economy in 2008 cost investors and society a lot more than $8 billion, and not one of them spent a single day in jail.

[@rck_live]

Do the math, $10 billions in deposits gambled and lost. How many hours/weeks/months of work did it take those customers to earn that. Ok that’s how much he stole, years of work of millions of people. Is that number near 25 years?

[@BernieYohan]

No its about time that major financial crimes are punished properly.

[@txbulldogboxing1462]

I disagree Ana,you give guys like Maddoff 5 years and they will be right back at it.

[@actionjackson9385]

Agree Bulldog; if you give the Epstein's, Madoff's, Maxwell's, of this world, soft sentences, they'll be right back at it. Look at the Sackler's and Oxycontin. When the US made it difficult to peddle their opiates with a few fines, they used exactly the same techniques to dominate the Chinese opiate market. You can't teach an old dog new tricks.

[@toddtheisen8386]

Twenty Five years. Not enough. Not if you want the next big city fat cat think twice about screwing folks out of money.

[@sicknado]

Oh please thats plenty and probably too much. Also you know WE pay for jailed people right?

[@andrearoberts1953]

I'm not clear about why the young lady thinks 25 may be a bit much. He caused more damage than Bernie Maddoff, who got life. Some of his victims may never recover from this experience Personally I think saying that 25 years is too long is an insult to the victims. And lacking remorse is scary regardless of the type of crime.

[@shadowjudge921]

I'm sorry, Ana, but 25 years sounds pretty decent to me. I'll admit, I'd rather it was longer. Like maybe 40 years at best. But I'll settle for 25. Anything in the single digits is way too low.

[@iamwho2you1]

I disagree with Anna on this one. 25 yrs is punishment for the grievous crime he did. He ruined countless lives. Let him be the poster child warning to future scammers. Kevin O’Leary losing any money is just total icing.

[@aliceglado]

Boo Hoo. Morons lost money.

[@cyberlip666]

Maddoff was sentenced to 150 years

[@mc-lb9dk]

25 years is a present.

[@Okranic]

For a talking head who gets so worked up about poor shoplifters, she seemingly is taking an opposite tact for arguably the biggest thief in history.

[@Stijn5]

25 years is insane for a non violent crime.

[@Okranic]

@@Stijn5 he stole billions of dollars. There have been guys who served this for weed.

[@Stijn5]

@@Okranic And? So because people wrongly served 25 years for weed, other people should also get insane sentences?

[@Okranic]

@@Stijn5 also because he stole billions and ruined thousands of lives. Furthermore, there needed to be a tough sentence to act as a deterrent to others for an out of control crypto industry which has rampant fraud. This guy was like Madoffx2 and he received life in prison as an old man.

[@mohammedkhaliq1475]

@@Stijn5yea, people that steal such large sums of money deserve to be in jail forever.

[@rockinbobokkin7831]

25 years is too light. He caused others to have poverty. His victims were not only rich people that could absorb the losses.

[@Stijn5]

He'll probably do about ten years, which is fine. If you have put your lifesavings into crypto, you've won the Darwin Awards.

[@delve1011]

Vehemently disagreeing with Anna here, white collar crimes being spun as a soft subcategory that doesn't demand a higher sentence is why it's so rampant. I personally think they should take the money into consideration, calculate how much time was spent earning that money, and when that time equals the length of the average human lifetime than it should not be considered any less horrific then killing a person. Just because you killed a little bit of a tremendous number of people kind of makes it even worse.

[@rajcan2008]

Ana, Bernie Madoff got 150 years. What are you talking about? 25 years is less than one quarter of max. 110 years allowed.

[@ebythebeach]

16.6%

[@YousufAhmad0]

Disagree with you on this Ana. 25 years is not enough. Thousands of victims lost more than a billion dollars.

[@KnightFoxx1190]

It’s easy for Ana to say someone should have less of a sentence when it isn’t your life savings that’s gone forever. He’s lucky it’s not more than 25 + years.

[@zawarshah508]

He got off light he destroyed the lives thousands people. There are many people in prisons all over the USA 🇺🇸 for a lot less in monetary terms for life sentences. He was spending other people's money. And gambling with other people's money. Minimum 80 years in prison would have been fair. Anyone who has any sympathy for him should be made to pay for the money he stole. From the investor's.

[@Stijn5]

25 years is insane for a non violent crime. Plus people shouldn't be so dumb to invest in crypto.

[@philb.1502]

He should have gotten life! He's a punk. They need to keep him in population in prison.

[@Chocolate_teapot420]

This is one of the largest frauds in history. Of course he deserves decades in prison.

[@aliceglado]

Nah.

[@amaurilol2]

The man defrauded people and lost 10 billion dollars. Based on the magnitude, he deserves those 25 years.

[@aliceglado]

No he does not.

[@JavierLopez-hu7dj]

No Ana... 100 years is right. The problem is that the punks that bursted de 07~08 bubble DID NOT RECEIVE SUCH A SENTENCE

[@snobbymclobby1160]

should be 50 years. I'm out all my money and it's not coming back

[@ginasjauwenwa8377]

Ana, theft is not only is about steeling money, but also about depriving someone of their peace of mind, trust in people, sense of security, life savings which they are not able to accumalate again (most of the time), their ability to set up a carefree pension, and so on. So stealing from people at such a magnitude, even if it is not in the form of a physical crime (e.g. robbing at gunpoint), is very serious and should be punished severe enough. I personally don't think that 6.5 years prison is severe enough for this crime. Even if you feel 25 years is long, I expected that you would have gone for maybe 15 to 20 years. I'm a bit disappointed by you being okay with the 6.5 years the defense had asked.

[@cameronspence4977]

Same

[@cameronspence4977]

25 years is a perfect amount unless they want to release him early. Then it should be 50

[@philliphessel6788]

“The judge was not a fan” is silliness, as “being a fan” would be contrary to the duty of impartiality. The reason for not granting a lighter sentence was stated: the perp’s evident lack of remorse.

[@coosoorlog]

Really happy with TYT's brave "theft is selfish" position here.

[@sapmolina]

Theft is theft. He should have been given more than 25 years

[@a.jlondon9039]

Pensions were also lost.

[@regalmonkmusic]

I’m confused how the sentence imposed could be seen as “too much”

[@placebojesus5652]

Ana being stupidly soft as usual

[@arcedavida]

These types of people destroy more lives than any one violent offender. I love Anna but he deserves life and we won't have these sorts of thieves on wall street or bribing our politicians... people commit suicide over these types of loses

[@SeanJ2A]

Anna : Let’s throw shoplifters in prison. Also Anna : Let’s not sentence a guy who defrauded millions to prison. Maybe it’s the color of the guy….

[@OldWolf1933]

It's also because he donated millions to the democratic party.

[@JW-mw7sr]

25 yrs seem pretty light for ruining many people's lives. He might not have gone out and murdered people himself but he took people's futures and savings which is also violence. How many regular people are in desperate circumstances because of him??

[@markremy4946]

He's getting rich man's justice, country club 'jail?'

[@jonc9788]

With how many peoples lives he destroyed. I think 25 year is a light sentence. He knew exactly what he was doing and so did his parents. Im shocked they havent been charged too. They are just as guilty for helping him. Yet somehow thry are walking away scott free.

[@timmurray1033]

He defrauded rich people, that's why he's going away for so long. If he was just ripping off poor people he would've gotten a few months.

[@Adrian-zr3sl]

How many decades does FTX customers spend savings their money to have it stole it by a kid in the billions. 25 years is fair. Some or most people will never see their money again and many would have their lives destroy for ever

[@Stijn5]

If you invest in crypto you're an id..t.

[@HappyQuailsLC]

Take Away: Don't ever invest $4m in crypto, of all things!

[@Despondencymusic]

Never 1 penny.

[@sirkazm]

That sentence is too light. His sentence should be tantamount to the quantity of crypto lost.

[@trevormozingo]

Idk man. 8 billion of customers $$. Think of the extent of damage that can do. That IS dangerous to the public. Not violent. But dangerous as it affects their lives. Could be send kids to school, medical bills, etc. So in the grand scheme of things, SBF caused more damage to large number of people. Prison doesn’t really seem satisfactory. There really should be a punishment of working to pay back those he ripped off

[@todddixon1005]

It’s funny how the bankers didn’t go to jail in 2008

[@Mafiacultgeno911]

Wait, what happened, I thought you wanted to be tougher on crime? This dude literally ruined lives. He is a threat to the public

[@Stijn5]

Threat to what public? If you invest in crypto you're an id..t.

[@GravelVoice30]

@@Stijn5 So if your parents lost all of their money for trusting a scam artist and became suicidally depressed you'd actually stand there and call them idiots? You're seriously broken upstairs.

[@Stijn5]

@@GravelVoice30 My parents aren't idiots. But it's fine, he'll be out in ten years.

[@sdaniels160]

He stole money from rich people. He gonna pay.

[@bvbschalke06]

Hmmm. To Ana's thought, "He shouldn't get 25 years in prison for the crime he committed." He has made some very rich people a lot poorer with this action. That's why he's getting this sentence. Kind regards from Germany.

[@ealiasnazir]

He should have been jailed for life

[@Stijn5]

For a non violent crime? Hilarious. :-) He'll probably do about ten years, which is fine. If you have put your lifesavings into crypto, you've won the Darwin Awards.

[@mohammedkhaliq1475]

@@Stijn5 what’s the difference between a violent crime and a financial crime? They both ruin people’s lives the same. He deserves to be in prison for the rest of his life like Bernie madoff.

[@user-ue5nl7mf3l]

Bankman Freed? It's more like Bankman jailed. Hey Bankman pickup that bar of soap B.

[@wesb1931]

And attempted murder gets 10 years…

[@allablr5765]

Don't you worry. He gave enough money to elect democrats mostly. He will be out in 2-3 years tops.

[@Official.WsdSonny]

I’m getting really fed up with her every time consequences come she believes they are too harsh. MA’AM SAVE THAT my cousin was arrested at 16 1/2 yrs old and tried as a man for drugs. If he can do the time so can the elite who screw over hundreds - millions of families lives and you want a lighter sentence. With all due respect and I remind you I said all due respect. NINJA PLEASE!!!!! He need 5 more years for that sugar honey ice tea hair cut

[@TherealToppo]

Most of you report on this wishing him the best and feeling sorry for him just like cnbc. It's sickening

[@LifeinDigitalFilms]

He stole how much money? Yes, violent offenders should receive long term sentences but stealing the amount of money he stole justifies a long prison sentence. If he stole a few thousand or even a million, then 25 years would be excessive. Think about how many others would be influenced to do the same thing if Bankman got a short sentence. Nope, this kind of theft is really bad and even worse, he didn’t even seem remorseful! Sorry but you’re wrong on this one, Ana. In my opinion 😊

[@gamma-rayburst4611]

Only the rich get away with that shit

[@FDR_progressive_liberal]

Don't worry. He won't. Twenty years off with good behavior.

[@AsifKhan-hf9zy]

the white dude with no legs in south africa shot his wife dead. and is already out free 10 years later. and you think fried bankman is going to be in jail 6-7-8 years from now for? playing with people's lotto money? like. grow up people.

[@BobMuskFan]

He fooled the elites and will rot in prison. Don't mess with elites.

[@actionjackson9385]

He can team up with Madoff and deserves every day he got.

[@sophiawilson8696]

Madoff is dead!

[@sicknado]

Don't drop the Bitcoin

[@DavidIFernandezMunoz]

3 billion at a median salary of 37,000$ is robbing 81,000 years of average people's money.

[@haplopatryn5586]

Kevin O Leary has decided it’s his job to play the heel in media and represent himself and his rich buddies and the republicans.

[@johnsayles8032]

It's stupid to invest in crypto, i was never convinced, but when you defraud people for everything they had, yeah 25 years is fair for doing that to people. Madoff got longer and frankly those behind the 08 recession should have gone to jail.

[@anntares172]

Still astounded you can take someone's life and get less time than taking their money.

[@seans9149]

If you lost $4 million in one investment, you still have plenty of money to move forward with your life. Ana needs to educate herself on how much pain SBF costs to the victims of this crime.

[@aliceglado]

Sentence is vile. America is a vile country.

[@dinaprotin3542]

I don't even know how long it would take me to make 8,000,000. I think 25 years is just fine.

[@rsnc23]

He wrecked many people's lives and should have been sentenced to at least double that as a deterrent. The sentencing judge should be closely monitored for an increase in spending.

[@ronnieblevins7781]

Nope. Lock his ass up.

[@tonybrett5209]

He mugged the muggers. That's not allowed.

[@devontoombs4141]

He’s a threat to peoples money. What are you talking about Ana??

[@luzbella3242]

He doesn’t need to physically hurt people to cause great harm. He destroyed people’s lives just the same. Everything I had saved for my daughter’s college education was lost thanks to him.

[@nelsonchick7348]

Ana, you should talk about what a con and environmetal disaster crypto is..

[@RobertJohnson3344]

Imagine being stupid enough to gamble 4 million dollars on crypto and then crying when it inevitably turns out to be a scam.

[@philb.1502]

The only reason he was sentenced to any time at all was because he ripped off rich people. If he had scammed the poor they would have sentenced him to community service!

[@danOH112]

Sam will forever be a threat to the public. Not physically but financially. When he gets out, chances are good that he will try to scam more people in the future. For most people like that, it's just in there nature.

[@enricocarrara8672]

Now do Ross

[@parzivalpower3587]

The punishment fit the crime, shut up Anna

[@bgtv9024]

He told his ex that he didn’t have a soul. He wrote her that in an email. Do you think 25 years is too long after he said something like that?

[@colmastro4373]

Well madoff got like 150 years, this guy did the same fkn thing.

[@JaspisB]

Ana, you often have good takes, but you're out to lunch on SBF

[@Mr_Timi1]

Sam Bankman-Fried destroyed lives many having worked their whole lives for the money he threw away. He might as well have kidnapped them and kept them away from their families because they lost ll of the time it took to make that money.... whether you think he deserves prison time or not...

[@Brewbroz]

The sentence is setting the example, to deter others, the judge thinks he will commit this fraud again, so 10 or more years seems justified to me. Anna's opinion is valid.

[@christophervieth1618]

You are complaining about the 24 year sentence, but it clearly points out that he didn't really take responsibility for the crimes and show remorse. If he had, the sentence most likely would have beem lower. He did this to himself, Ana.

[@Jonas-sw8mj]

Haha 6 and a half year for stealing billions, thats just silly. He would be making hunded of millions pr year, what kindd of punishment is that?