Sam Bankman-Fried sentenced to 25 years in prison
Sam Bankman-Fried has been sentenced to 25 years in federal prison for defrauding customers and investors in his failed crypto exchange FTX, a Manhattan court ruled Thursday.
Before announcing the sentence, Judge Lewis Kaplan said there was a risk “that this man will be in a position to do something very bad in the future, and it’s not a trivial risk.”
Kaplan agreed with prosecutors’ claim that Bankman-Fried “wanted to be a hugely, hugely politically influential person in this country,” and that this propelled his financial crimes.
