The next step for Sam Bankman-Fried is an unhappy one for him and his family:
FTX co-founder Sam Bankman-Fried will serve 25 years in prison after being convicted of defrauding his customers, investors, and lenders.
The man who presided over the largest crypto collapse in history received his sentence Thursday in a Manhattan federal court from US Judge Lewis Kaplan, who presided over Bankman-Fried’s trial last fall.
He faced up to 110 years. Prosecutors argued for a sentence of 40 to 50 years, while Bankman-Fried’s lawyers asked for six and a half years. [yahoo! finance]
What’s to say? Narcissism and consequential arrogance gets its comeuppance.
