Sam Bankman-Fried sentenced to 25 years for FTX fraud: CNBC Crypto World
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- Опубликовано: 11 май 2024
- CNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what’s ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today’s show, former federal prosecutor Paul Tuchmann, partner at Wiggin and Dana, and crypto-focused attorney Zack Shapiro, managing partner at Rains Law Firm, provide legal insight into Sam Bankman-Fried’s 25-year prison sentence.
Chapters:
00:00- CNBC Crypto World, March 28, 2024
0:29- Bitcoin rises
0:40- SBF sentenced
3:27- Legal experts weigh in
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Sam Bankman-Fried sentenced to 25 years for FTX fraud: CNBC Crypto World
Check out the next episode of CNBC Crypto World here: ruclips.net/video/OVj5CDvo08I/видео.html
Funny how he only mentions his autism at sentencing and not when he is asking for your money.
Yeah I found that a bit selective myself, he,s a genius with his hand out for your cash, but a dumbdumb when it comes to managing your money
💯
It's never when they are swindling people, but always when they are caught....
People in the US used to get life for smoking weed; someone steals $8BN and they get 25 years.
justice
He wnt do 25 he be working with the government re cryptos
Well, duh, he gave the politicians millions.
He's white
No they didn't. Nobody has been ever sentenced to life (or even 25 years) for smoking weed. The only people sentenced to harsh prison sentences are those who had a multitude of prior violent offenses and/or had amounts that were so high they had to be dealing. Stop spreading misinformation so you can throw a tantrum.
Bernie Madoff got 150 years and SBF gets only 25? That’s crazy!
Democrat donor. What do you expect?
Madoff stole from the powerful. SBF stole from mostly peasants.
cause SBF is jewish
its obvious that his "light" sentence is due to his major contributions to the Democratic party. Wont be surprised if Biden pardons him before leaving office.
Bernie Madoff was an old man, whether he received 150 years or 15 years the outcome would be the same-he’s die in prison.
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Why 25 years? Should have been atleast 100 years
I’m sure Judge Kaplan explained why in depth and you will look into it
The defense was asking for 6.5 years.
because it's easier to shrink 25 down to 10... when he will getting out and enjoying his hidden retirement fund... there will be tons of people lined up to give his commission for making them millionaires... how much did he launder into the democrap party?
@@sigma_sixdo your homework. Federal prisons require you serve 85% stop the nonsense
Rich person gets a sentence of 25 years which means SBF will serve 2.5 years
No that's not the fact here. At a minimum he much serve 85% of the 25 years. That makes it 21 years for sure.
This sentence will be reduced on appeal. I wouldn’t be surprised to see him out in 10 years.
@@user-so4ti6hq9c He may get a presidential pardon with Trump?
@gateway1739 it's a federal sentence, he has to serve at least 85% of it.
No. He is required to serve 85%
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Too light the punishment should be life in prison
Don't think that silver spooned trust fund kid will survive 25 years.
You sound like a Nazi!
Americans always have this strange perception of 'justice'.
A person can get 40 years and some will still claim it's light because there might be a change they are released when they are 75 years old.
25 years is a long, long time.
In other countries and my homeland as well outside the US, 25 years is considered a life sentence. It’s still a long time.
@@Anonymous-cb8ve 25 is super short for this crime because the type of jail he will go will be very different. There will be tennis courts and stuff. Not real jail. Also, probation will probably come up after 10 years. Don't know the exact details, but this is usually the case.
Crimes like this should be illegal.
🤣😂🤷
are you slow ?
Maxine needs to return the money Sam gave her.
I want him to rot in prison.
2024: Sam Bankman-Fried
2049: Sam Bankman-Freed
Where will we be
He will be out long before 2049
Possibly also, Samantha Spankman Fried when he gets released.
@@lraouxYou will be naked in the metaverse listening to Cardiff B
there is no precedence...so yes,ur right....tipn 10yrs tops.@@Lee-kb3lw
He'll get 5 years in a minimal security prison with a laptop and internet access, be out in 2 for good behaviour, then will write a book and appear on dancing with the stars. Justice system is done.
Pays to be pedo sleepy joes #2 biggest donor!!!
Its called White Collar Crime.
It is evident that his parents ,
Knew what he was doing . They
Still believe he was doing right.
They are not remorseful.
They want him to go free.
I think his mom was Hillary Clinton attorney he'll be out in a couple of years
How is it evident?
Their new house is really nice.
They should be going to jail with him.
@@johnboy6594 is that you, Kim Jung Ung?
Good but still not enough he stole millions of people’s hard earned money
He did not steal. He Made mistakes
@@AbdulSalam-zt2kz It is not me it is from news “ FTX’s collapse in late 2022 was not due to "a liquidity crisis or act of mismanagement. It was the theft of billions of dollars," the prosecutor said. “
@@AbdulSalam-zt2kzhe lavished in the caribbean while he was borrowing money to sink into his hedge company
Wonder how many millions his crooked parents will have waiting for him in 25 years?
What is crooked about his parents?
They won’t be around in 25 years so hope it was worth it!
only 25? shouldve been 250
I like how she pumped her crypto bag before giving the details of the trial
He should've been sentenced to at least 120 years in prison; the pain and damage and suffering he and his group of scamming criminals did to millions of innocent people around the world, The is no Justice in United States of America, Just because he is [ member of the Chosen one ] doesn't mean he is above the law [ or maybe, only in United States of America, [Chosen one] get free pass. JUSTICE NOT SERVED.
Should be 250 not 25 years jail
FTX went to zero, party over Sam,
out of time...😁
And so we party SBF gets out twen-ty forty-nine!🎉
R.I.P Prince Rogers Nelson👍
You're right. Madoff got 150 years. SBF should get that much
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That kind of negligense to other humans. I think he should not get out of jail anytime. He ruined so many peoples lifes.
Didn't their accounts recover?
Perfect. Now if they'd just use the same level of justice against a certain POL and all of his crooked sidekicks.
Give him 100 years.
Lives were ruined! 25 years is laughable.
I agree! He should’ve been convicted for at least 35-40 years!
@@Explorerbabe3469 Try 1000
He played his “autism spectrum” card. This is BS!
Why is BNB never shown on Western medias
Maybe he has billions stashed somewhere but it'll take him 25 years to collect.
He will likely make parole in less than 10 years
@@Ultimusvivi who told you.
@@Ultimusvivi There is no parole in the federal prison system anymore since the Sentencing Reform Act of 1984.
@@Ultimusvivi Good luck trying that on a federal prison sentencing. You're NOT getting a parole in less than a decade with them.
You must serve a mandatory 85% of the sentence which is around 21 years.
He should be grateful that he even got 25 years, it could've been over a 100 years for him.
@@rinnychor he could only serve no time if he gets a presidential pardon. I can imagine those political campaign donations won't go unnoticed.
Parents should be in prison too.
I knew it the won’t give him 100 or 50. I knew will be around 20 this is bull S… I bet will serve only 8 or 12 at most only american people will have their money back what about the rest of the world
its obvious that his "light" sentence is due to his major contributions to the Democratic party. Wont be surprised if Biden pardons him before leaving office.
If USA is truly a fair country where rich get proper punishment when do bad, they should have camera pointing to his cell for next 25 years otherwise it's all a sham!
NO WAY, he's doing 25 years! NO WAY!!!!!
25 years X victims = Is more fair.....😮
He'll be in his late 50s when he gets out. He'll basically have a chance at life. But the guy is a psychopath, he's probably not gonna change. He probably won't get a chance to do big time damage like this again but he wouldn't think twice if he thought he could.
"justice will be swift and the consequences severe" lmao
The government only went in when the SBF empire collapsed, and then only because they didn't get their share of the pie. That's why the judge effectively ignored the prosecution's sentencing guidelines.
Thank you Shapiro for your analytical thoughts
He got lucky aint no way he should have got off that light
Too light, 35 minimum
3,500 maybe.
His parents should be in prison, too. I don't know why they weren't investigated - too many big political connections? Bernie Madoff was sentenced to 150 years and SBF totally eclipsed Madoff's wildest dreams.
I'm surprised he got 25 years being that he was the biggest donor to Dems and a huge donor to Republicans as well. Something is telling me he'll be out in 5 years on technicalities or something like that
Wjat about his parents ??? Did we forget all about their involvement ????
Lol look at his parents crying they weren't crying while their son gave them a salary from ill gotten gains. SBF's black eye on crypto will never heal
sponsored by a crypto website.
How ironic, people never learn.
The comments are disturbing. People are so fixated on extracting vengeance they lose any sense of proportion or justice.
Trump's fine is in violation by being too high. Similar cases are settled for MUCH less. Jon Stewart did exactly what Trump is blamed for.
The good news should have been 110 years ...
That's for people like you and me
@richard975
Its ironic because he isnt freed at all
Strange. Should be in investigated why such a low sentence.
Just another Joke in the U.S. list of idiots in power! So many peoples life savings, and his lies for greed, should be life, as thats what his victims have gotten!!!
His parents need to come out of denial.
Parents should join in for those 25 years. They were there every step of the way. No way a kid can do a corporate structure like a professional corporate lawyer (aka parents).
When will Sam Bankman... be freed? Not for now.
Apologies dont bring back the investors who trusted you their money back. These corporate level executives need to be held responsible more for their infractions, these crimes, at times, get committed 10-15 years before they get prosecuted.
Borla of Pfizer fame needs some time away...
Has any of the $$$ he donated to politicians been returned?
He just gonna wait up 25 years for his investment to grow and he be getting out of the jail as a billionaire.
And unfortunately he’ll probably get to leave early on good standing, serving only a quarter of his sentence.
At a minimum 85% of 25 year= 21 years.
Federal prison sentencing means you must serve 85% of the sentence. So no, you're wrong.
I don't understand all this - the whole cryptocurrency thing is fraud, if you ask me.
He’ll do 10 and then get out and enjoy his stashed millions. I can’t believe his parents who were clearly complicit in this haven’t been sentenced as well 👎
He won't be doing 10 years, but 21.
Federal prison sentencing doesn't allow parole appeal. You must serve at least 85% of the time.
Nope. Do your homework. Fedeal prison you do 85% of your time
Won't even be close to 25yrs
Gary Gensler’s mate but SBF didn’t go down because of anything the SEC did……
How bout putting the camera on the main screen?
I know a lot of people wish Sam got more time, and there's some good arguments that he should have. But 25 years is not a light sentence, that's federal prison, so he'll have to serve about 20. That's a long time, and he won't get out until he's in his 50s. His life is ruined. And really, if you give him more than that, and just let him out in his 60s, then you're pretty much giving him a life sentence. He would get out as an old man that had been locked up for 30 years and at that point probably wouldn't even be able to work, he'd just be a helpless old man that would probably need to rely on government assistance for the rest of his days. He'll already be alone when he gets out, his parents will be gone, he'll have no friends waiting for him. And he'll owe the government millions, they'll continue to take whatever he has for the rest of his life, he'll never have much money again. And Sam is not well suited for prison, every day of that 20 years will be very difficult for him. I wouldn't even be surprised if he ended things early for himself
All American should be proud of their only good justice in the world wow wow
isnt federal time year for year?? no early release
Were his parents heartbroken for the people he ripped off? Give me a f@# break!
Go for Barry Siebert next.
😂Scam Bankman Fraud 😂
SEC chairman was wanting to reinstate FTX probably because it was so lucrative.
Was he sentenced as a white person or a black person in this case
And he will be released in less than 5 years...
Although SBF used a little more apologetic language, when he said that hes sorry that customers lost "there crypto gains" almost like they only lost money that would of been profit but they lost everything and ive heard they might get all there money back but ill believe that when i see it.
Rest assured. There's a pair of soiled sweatpants and an oversized American Eagle Outfitters shirt when he completes his sentence.
Meanwhile Elon Musk is walking freely 😂😂😂😂😂 justice ⚖️🤣
He should be in prison for life
Does that mean he will do full term or 80% so 20 years?
I believe it is 85% for federal prisoners. So for SBF that's 255 months which is 21 years, 3 months (but he has already served those 3 awaiting sentence).
So his release date is 2045.
@@carlkamuti thats kinda... not much
Good behaviour 15% off= 21 years
Pardon in 6 months
@@carlkamutiYou forget many reductions. First time, and on on and on.
Easily 7 years reduction in a lot crap.
💀 the thumbnail
Pretty darn light sentence
DNC and Democrat candidates should return SBF's illicit donations to the swindled investors..No one above the law !
He gave to Republican and Democratic politicians.
He was Joe BIdens #2 biggest donor!!!!!
What a tragedy! I stand with Sam here, he was "reallocating" money for a better cause...arguing that he used it for a "lavish lifestyle" is ridiculous, he always was humble and prudent in money spending. 13 million mansion (for the WHOLE team) is not an exception. Granted he played the capital game to harshly but I sincerely believe that his effective altruism ideology is based and just imagine how transformative of a change somebody with his mindset could have brought to our society. What a loss!! I m also deeply dissapointed by the public perception only focusing on surface level missmanagement technicalities. Just look at his main competitor Binance...they essentially almost got caught doing the same thing! Also the fact that Caroline so cold-heartedly betrayed him in court is beyond the pale...
after 15 years is SBF free
Gave to DemonRats! Was up for 100 years???
Just 25 ?
Setting a dangerous precedent.. Now zoomers are opening their eyes
Was Zack Shapiro making a statement with his black hoodie on???
SBF Elizabeth Holmes Truss Trump Brexit... same old story - don't believe the hype
How much time did that little hobgoblin girlfriend of his get?
imo bankman should do some kind of public service for 25 years, some kind of hard work that would be a fair punishment, not some kind of fancy financial prison paid by tax payers
Lol, really? u believe doing hard work outside while living as a normal person, is a fair punishment compared to staying in prison and wasting his life away?
at least it would squeeze something from him, not like just sitting there and doing nothing, i imagine those financial crime prisons probably are in good conditions and not that harsh anyways, ofc it should be done under supervision
@@paulks9771 Nah, just let him rot in the prison cell. Anything outside of the prison will be a light sentence. Imagine wasting away 25 years of your life and not achieving anything, or experiencing life.
Both of his parents are just as culpable. But they are very big Democratic donors, so they've been excluded from prosecution.
Now throw his parents and all politicians refusing to return stolen money in prison with him.
He was Pedo Joes #2 biggest donor!!!!
this is pretty much encouraging scams. ask yourself, would you spend 25 years in prison to remain a billionaire afterwards?
When is he eligible for parole?
CNBC Contributor ......!!!
He will do 15 out of 25. Suppose to be 85% which would be 21 years but doubt it
Less than that.
25 - 3 = 22.
Minus other reduction. About 7 years reduction you will see
He should have to give all the $ back & work while sentenced, only being able to get out once the total amount of $ has been returned to the people.
25 years at a country club prison 🥹
freeeeee SAM
Mentioned his veganism... 😂😂😂😂😂
and the Banksters never go to prison, hmm
Fried