Find a tall tree and 'decorate' it...
Posted on 03/28/2024 5:49:27 AM PDT by Oldeconomybuyer
Sam Bankman-Fried will learn his sentence Thursday, four months after he was found guilty of orchestrating the multibillion-dollar fraud that prompted the collapse of the FTX cryptocurrency exchange.
A federal jury in New York City convicted Bankman-Fried, 32, in November on each of the two counts of fraud and five counts of conspiracy he faced. He has been jailed at the Metropolitan Detention Center facility in Brooklyn ever since, with his bail having been revoked over witness-tampering allegations.
Federal prosecutors are seeking as much as 50 years of the statutory 110-year sentence implied by the conviction. Bankman-Fried apparently lacks a criminal history, and prosecutors rarely seek the statutory maximum, said John Coffee, a professor at Columbia University Law School specializing in white-collar criminal defense.
But the nature of the fraud, Bankman-Fried's comfortable upbringing and the scale of losses to victims led prosecutors to nevertheless seek an aggressive sentence.
"In every part of his business, and with respect to each crime committed, the defendant demonstrated a brazen disrespect for the rule of law," the prosecutors wrote. "He understood the rules, but decided they did not apply to him. He knew what society deemed illegal and unethical, but disregarded that based on a pernicious megalomania guided by the defendant’s own values and sense of superiority."
(Excerpt) Read more at nbcnews.com ...
And the politicians who were getting money from him?????
It will be interesting to see how this plays out, if he gets 50 years, you can bet he is being sent away for could be the rest of his life because he’s got the good on a lot of celebrities and Democrats he was paying off.
He deserves to be sent to prison, a lot of other people do as well and have received far less time in prison.
It will also be interesting where he gets sent when he goes into prison, if he goes to a high security prison that will be to keep him away from the public, if he goes to a minimum-security prison which should be the case, he’s no physical threat to anyone.
“They also argued FTX victims did not end up suffering losses ”
According to the NYC district attorney that doesn’t matter.
Yes you can’t just help yourself to segregated funds. He’s a crook in my book.
2 weeks community service and a $50 fine ?
Whatever happened to Smollett?
LIVE: Outside court during Sam Bankman-Fried’s sentencing for defrauding FTX investors
AP
https://www.youtube.com/watch?v=-N2EjuPFs2o
With all the money Sam Bankman-Fried gave to the democrat party wonder if Biden will give a E.O. to get him off.
He is the same Judge who presided over the Trump /Carroll case regarding sexual assault and defamation. Kaplan found Trump liable, divesting Trump of a trial on the merits before a jury.
Kaplan is bad news.
I will be surprised if they return the money the bankruptcy Judge has demanded.
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