Bankman-Fried sentencing established 'poster child' for crypto fraud

#ftx #sbf #sambankmanfried #crypto #crypto #yahoofinance
A federal judge has sentenced former FTX CEO Sam Bankman-Fried to 25 years for defrauding the crypto exchange's (FTT-USD) investors and customer base. Bankman-Fried has been ordered to forfeit $11 billion to compensate the victims. CoinDesk Managing Editor Nik De sits down with Yahoo Finance Live in-studio to discuss Bankman-Fried's sentencing, how much time the disgraced FTX co-founder will likely be made to serve in prison, and other details from Thursday's ruling. "From the beginning, it felt like prosecutors were making this... almost a poster child of what they can bring to bear against alleged criminal activity in crypto, at least as far as running exchanges go," De comments. For more expert insight and the latest market action, click here to watch this full episode of Market Domination. Editor's note: This article was written by Luke Carberry Mogan.
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[@adrianjanssens7116]

Those courtroom artist's depictions of SBF are particularly ugly. Maybe he/she lost money to him and had a grudge...

[@isay207]

Too bad he couldn't afford a decent haircut😂

[@Known-unknowns]

Insightful and funny. Wouldn’t it be great if true 😂😊

[@linabailey4947]

His crimes were UGLY too so it fits

[@strategicactionservices2206]

He will be out in 8 years for good behavior and rich lawyer parents. There are two classes in America. If any regular person did this they would be tossed in prison and the key thrown away.

[@cundie1]

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

[@33Treez]

$EPIKO 👀

[@yatarookayama8329]

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