Sam Bankman-Fried deserves 40-50 years in prison for FTX fraud, prosecutors say
Sam Bankman-Fried deserves 40-50 years in prison for FTX fraud, prosecutors say
NEW YORK, March 15 (Reuters) - Sam Bankman-Fried should spend between 40 and 50 years in prison after being convicted for stealing $8 billion from customers of his now-bankrupt FTX cryptocurrency exchange, prosecutors said on Friday. ... "Even now Bankman-Fried refuses to admit what he did was wrong," prosecutors wrote in a sentencing memorandum. "His life in recent years has been one of unmatched greed and hubris; of ambition and rationalization; and courting risk and gambling repeatedly with other people's money."
I mean he defrauded rich people.
Off course he gets the book.
The Madoff Mistake, a classic.
The only time there is real consequences
gambling repeatedly with other people’s money
so... a stock broker?
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I am dying of curiosity to learn what SBF actually did with 8billion dollars.. like how much money can you spend before you run out of things to spend on?
Fuck that. Because he gambled with rich peoples money? How would a 40 year prison sentence rehabilitate him from that.. I say it is pointless, release the man! In fact, we need more like him. Eat the rich!
FTX had over a million users, and was advertising publicly on things like the Superbowl. It wasn't just rich people that lost money on FTX.
This makes no sense. He himself was a billionaire who fucked over both rich and non rich people. Just because he failed and took other rich people down a peg doesn't make him some sort of martyr.
How many non-rich people did he fuck over?
One isn't enough? Especially since he himself was already doing quite well.