Disgraced FTX founder sentenced to 25 years on federal charges
Вставка
- Опубліковано 27 бер 2024
- 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.
Subscribe to ABC News on UA-cam: abcnews.visitlink.me/59aJ1G
Watch 24/7 coverage of breaking news and live events on ABC News Live: • LIVE: Latest News Head...
Watch full episodes of World News Tonight with David Muir here: • ABC World News Tonight...
Read ABC News reports online: abcnews.go.com
ABC News Digital is your daily source of breaking national and world news, exclusive interviews and 24/7 live streaming coverage. ABC News is the home to the #1 evening newscast “World News Tonight” with David Muir, “Good Morning America,” “20/20,” “Nightline,” “This Week” with George Stephanopoulos, “ABC News Live Prime” with Linsey Davis, plus the daily news podcast “Start Here.”
Connect with ABC News on social media:
Facebook: / abcnews
Instagram: / abcnews
TikTok: / abcnews
X: / abc
Threads: www.threads.net/@abcnews
LinkedIn: / abcnews
8 billion dollars???? He needs life in prison with a possible chance after 40 years.
You sound dumb. 40 years ? Life?
Well at least the greedy celebrities got paid.
life period.
He should get 250 years
you do realized the GM the banks all ripped off americans by 100x more than what he did
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.
what? are you saying that the gnome that was her ex and the head of Alameda fuckery will walk free?
co-conspirators....??? Larry David Is Innocent.....!
He did say, "I don't think so..." in the super bowl ad. @@_Ben4810
@@_Ben4810 I think he/she is talking about Bankman-Fried's ex girlfriend and the other guy involved in the company
The feds are scumbags they'll even let serial killers go to get others on RICO happens all the time
I heard this somewhere: “ When your plumber(gardener, taxi driver, etc) tells you to invest, pull your money out”
Why is he still called a "billionaire mogul"? He should be labelled as a petty thief that ruined many lives.
if he can get access to internet in prison, give it to him through a dial up modem, make that 25 years really hurt
They give inmates internet access but limited
5600 baud modem
he will be playing league of legends on it then
the guy and his parents should be locked up.
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!
stfu.
Stop changing the definition of words.
Typically for those like him.
Stop changing the definition of WORDS
😂😂😂
Sam Bankman-Fried has lots of remorse ... for getting caught.
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
Life in prison for creating irreversible financial harm to innocent people.
That's a light sentence
A third of your life behind bars is pretty hefty (life expectancy for men is around 75 years).
@@wjb4578 Obviously you can't comprehend how much 8 billion dollars is, and the implications of stealing that amount of money...
@@AS-fd9jcRegardless of what he did, 25 years in prison isn't easy time. He's paying a lot for his crimes.
Yet a man who wasn’t at the Capitol on Jan 6 was charged more than SBF.
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.
Given his age and his light sentence, he may find loopholes to do it again after he gets out
Is any of this crypto crap NOT a scam ??????
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.
That was Bankmans excuse it didn't fly...
No
Nope, it is an unregulated market. There are worse things to come.
"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*
listen, he won't last 25 years in there, look at this guy
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".
Source?
I think you're digging a little too deep into this one man
Anyone that put their life savings in crypto, it's kinda hard to feel too sorry for that
True! First rule of investing is to diversify.
His parents should be locked up too !
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.
The worst part is Bankman Freed lost that smoking hot girlfriend of his 😂
Lmao for that nerd she was the woman of his dreams.. 🤮
Good one!
Isn’t she the one that snitched on him to get a lighter sentence 😂 not so ride or die
I wouldn’t call her hot
Goodbye and thanks for the fish.
25 years at club fed prison resort
He got away with a lot more I bet.
Leave it to America to have this happen all the time...what a corrupt system.
Anybody think he’ll survive the
25 years?
In a minimum security prison resort for rich people, yea probably.
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.
Won’t do the full 25 for sure
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.
I hope not
some murderers probably don't even get 25 years
He's a murderer in many sense 🙄😏
They don’t
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
That's all he got? wow. WIll he share a cell with Bernie?
Bernie's dead
Usual Suspect……….typical behavior
Hope they give Diddy 100 years
People are doing more time than he has for drugs. Some have already done more than 20 years.
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
Why didn't the auditors detect irregularities years back before real losses were incurred ?
I’m sorry 😢
Some get a life sentence for stealing a lot less money
After 25 years he will do it again one way or another
Dude is half laughing in the interview. The judge is 100% right that the guy will try to screw anyone again.
Dang. That’s gotta be a big hit to the democrats pocketbook.
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
Go Bills!
how about the corrupt SEC Garry gensler?
how about nobody gives a crap?
He'll be out in less than 10.
sounds like fiat currency to me. i dont see what the problem is
I'd be surprised if he does not drag the appeal out over a long time.
The judge did buy it. Only 25 years?! What da fux eva.
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…
I did... invested.. 😢 all the $$$ is gone....
He got off easy.
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.
Hopefully he doesn’t make the full 25. By the looks of him I don’t think he will😂
Will the democratic party be giving back the fraudulent funds, to be returned to investors
That’s it , why not tens years
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 .
What about Kevin O’Leary??
How about add a 0 to the 25
Kevin O’Leary should get 25 years as well 😡😡😡😡😡😡
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
Now dokwon
He won't be fried from prison for 25 years & you can take that to the bank, man.
25 is not enough.... he deserves 100 years! he was going to get away with a lot of money.
Katersky is a NERD
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.
Joe Biden 2nd biggest donor 😂
In Brazil, he would be President!
😂Sam is CRAZY
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
OK so when he paroles out he will be reformed and retrained as a male prostitute.
*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.*
See you in 25 years!
Bye!
He's finally going to get a haircut.
Don't drop the soap.
If this man had the fan base that Donald Trump has, he would be a free man right now.
Bidens 2nd biggest donor he will be pardoned 😂
@@B86432 That's a bold face lie!
@@B86432 Dems never pardon criminals, like your orange-ass boy did.
@@mkself3231cry more
@@B86432Joined Aug. 2016; 5 subs no videos... Beep Bop.
There is something wrong with this guy.
I think he has Asperger Syndrome…. his parents should have known better but instead they encouraged the madness
Life time jail
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.
People get more time holding up a liquor store
That usually involves weapons and the threat of violence 😅
@@sickk0073 but it doesn't involve 11 billion dollars
@@baldwintheanchorite thank god our justice system values human life more then money
@@sickk0073 Only in your imagination does a company who delete's 8 billion dollars of it's customers money not cause loss of life.
@@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.
So this is what REAL fraud is…. Not the phony trump trials…. This bond was $10mm think about that 😂
He'll be fine he's from the correct bloodline
He’ll get a job with the treasury like frank abignal did to root out fraud .
25 years for stealing 32 billion. Not bad.
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…
No parol at club fed
FTX CEO SBF is LMFAO!
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…
Scam. He will be out in 12 or less. Country club prison...
I expect the same sentence for Trump !
TRUMP SHOULD GET AT LEAST THE SAME SENTENCE FOR TREASON;
Nerds are more dangerous than what we think 😂
Sorry no crypto.
I'm happy what I'm.making.
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.
Exactly. They need to dig out his backyard or something... Who knows how much cash he has stashed away somewhere to use later...
but how those people were giving last money, like entire life savings into crypto? they are also guilty in front of their familys for being greedy and careless. They wanted to multiply that money without actual work. They could with 300.000 Dollars for example,open restourant, pay workers, bills, and taxes to uncle Sam, and slowly grow trhough life. Instead they dreamed of 10 times mulitpy money over some looser on the other end
Fraud is ubiquitous in crypto. Why go after him 🧐🧐
AMERICA AMERICA 😂😂😂😂😂😂
People gambled and they lost. Don’t feel sorry for anyone in this.
Hen will be out in 10 and all of a sudden the money will appear, thanks to mom and dad
This is all a lie 😂 his going to jail for giving free BTC 😂
The reality, he’ll probably be out in his 40s. Still plenty of time to create another scam
He'll do 85% of his time in the feds.
He thought he was invincible. Not a single indication of remorse or repentance either. Hes on his way to be BUBBA'S boyfriend.
Who did he donate to??????????😂
You tell us. Everyone knows, it was even in the trial. Let's see if your biased, truthful, or just plain dumb.
"let him go, he's a math nerd." Ya....a math nerd who figured out how to scam billions!
Meanwhile those "investors" are casual people still go to Curry's NBA Game. Watch Larry David. Cheer for Brady.
Is it me or does a certain group of people 🤔 who you can't say anything critical without being labeled Anti social 😂always seem to be involved with the Largest ponzi schemes.
He committed financial fraud just like the former guy did in NY.