Posted on 03/28/2024 9:13:02 AM PDT by Libloather
A Manhattan judge ripped Sam Bankman-Fried as a “remorseless” scammer obsessed with political power as he sentenced the fallen crypto mogul to 25 years in prison Thursday — five months after he was found guilty of stealing more than $8 billion of funds from customers of his now-bankrupt cryptocurrency exchange FTX.
Judge Lewis Kaplan said the 32-year-old convicted fraudster “presented himself as the good guy” all in favor of “appropriate regulation of the crypto industry” — but it was just an “act.”
“He did it because he wanted to be a hugely, hugely political influential person in this country,” Kaplan said, blasting him as “remorseless.”
“He knew it was wrong, he knew it was criminal, he regrets that he made a very bad bet about the likelihood of being caught,” he continued, as Bankman-Fried stood in front of him with his hands clasped tightly at his waist.
Moments before the judge handed down the lengthy sentence, Bankman-Fried apologized for making “bad decisions” that “failed everyone I care about” — but maintained his actions “weren’t selfish.”
“At the end of the day, I failed everyone that I care about and everything that I care about, too,” he said at the hearing in Manhattan federal court.
(Excerpt) Read more at nypost.com ...
You are right they will steal it, because they must.
This was a crypto money laundering/Ukraine funding deep state operation, unfortunately for this sleaze he and his ugly slacker cohorts doubtful even rate an attempt at a political rescue, . . still . .they did pay off all the right people to get one.
Nobody raised an eyebrow when Bill Clinton pardoned known fugitives-from-the law Pincus Green and his business partner Mark Rich an hour before he left office in 2001. This is small potatoes. Bill Clinton was paid well for that pardon, as will be the RAT President that gives Sammy Boy his pardon.
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