Sam Bankman-Fried sentenced to 25 years in prison for cryptocurrency fraud
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- Опубликовано: 21 сен 2024
- FTX CEO Sam Bankman-Fried was sentenced to 25 years in federal prison for his role in a multi-billion dollar cryptocurrency fraud scheme. A jury convicted Bankman-Fried on all seven counts of wire fraud and conspiracy. NBC News’ Brian Cheung breaks down Bankman-Fried’s sentencing.
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#SamBankmanFried #FTX #Crypto
He will get out in 10 years or so then he will become a sales guru selling a course...
Fed time, not state. At least 80%
I'm sure he hid millions, so he'll probably live on an island somewhere.
@@DistrustHumanzhell yea, dude is cooked. He gonna be sittin for a hot minute.
@@DistrustHumanz85
He isn't making it out bro . He's rich . When his money runs out he's gone
Ill do 2 years for him if he pays me 5 million dollars.
People do 35 years of prison for that much money. It’s called a job.
You don't want to. You may well end up blind, crippled, or dead.
Man’s willing to go to the booty house for that much; Everyone has a price.
4 for 6.
@danhusterd6376🤣😂🤣
This is an injustice to people who lost all of their money. He will be out to live his lavish life and perhaps write a book
He paid the Democratic Party he gave them millions of other peoples money. You are a hottie
oh well, lesson learned
You think he's gonna make it in prison?
Idk, 25 years sounds like a long time.
@@bmichael8187 less time than someone going to jail for robbing 2 thousand...
The judge should have tacked-on an extra five years just for using Quickbooks to run a multi-billion dollar business.
😂
But the quicken didn’t turn red
@@Tankeryanker339 Quicken isn't the same as Quickbooks.
Quicken?? Just like Skyler White! Oh my....
I am really confident for this bullrun, MEV arbitrage is the way
MEV! i am learning it
wow what is this about?
i did this last bullrun on ethereum network, very profitable
My easiest 2.5Eth was from Mev
really think arbitraging is flying?
He got off easy. He will not serve fulll term, unfortunately.
The feds don't have parole.
ONLY POSSIBILITY IS TO APPEAL THE SENTENCE
THERES NO PAROLE NO WORK RELEASE THERES NOTHING ONLY DOING 100 % OF YOUR DAYS.
IS THE FEDS
STATE PRISONS SHOULD BE LIKE THIS MAYBE PPL THINK ABOUT IT BEFORE DOING IT
@MoonCricket-yr1xn Who is Sam Beckman?
@MoonCricket-yr1xn LOL!! Not in the federal system. Quit preading your lack of knowledge.
In federal prison he’ll serve most of it until it’s appealed and overturned somehow.
Are the politicians who took advantage of the scam going to be punished as well?
No
They justified not going after him because they got him on everything else. Yea, right. Guess all that money the mom gave must have got to the right places. Just tells you how corrupt the judges and DA’s are in this country. Most believe in selective prosecution and the constitution just doesn’t apply to their type of democracy!
That’s it? 25 years? Dude stole billions………. Madoff would have been thrilled with 20 years.
Madoff didn't pay the right people lol
Yeah that's crazy. Bernie got 150 years... How did this dude only get 25?
Gang murderers and child rapists get less than 10 years. In California the DAs won't even prosecute gang members. This is a huge sentence, I believe it's warranted but disproportionate
Madoff would've died in prison regardless.
What happens to the millions he donated to crooked politicians?
Where probably spent on campaigns. Don't worry, those money have not disappeared.
They got to keep it
He should have been given the max sentence for being a man with a hyphenated last name
LOL.
Are the democrats going to return the money they received from his donations?
What do you think!!! The won the midterm elections on 100's millions Sam gave them and the media dropped covering it!
😂😂😂 there's always that one 🤡 making it political.
Aaaaaaaand its gone.
Why? He is in prison and they got his money. Seems like a W to me
@@E_X_H_U_M_E_D_06 this what they wake up and live for lol
Thats all?!?! He should've gotten life. He ruined so many lives. People lost everything and committed suicide. Hes in bed with the democrats.
Amazing someone was actually held accountable.
😂😂
Are you sure he was held accountable? Have you visted him in jail? Have you seen Gislaine Maxwell in jail? Are you sure Epstein is really dead? Lol….. People are trully gullible… This dude funded Bidens campaign and you think he didnt have insurance?
25 years for a con that only lasted a few years - fun fact - both of sam's parents are professors at stanford law university - wonder why they didn't give him any legal advice - like don't commit massive fraud ..
Because they were probably helping him commit fraud
25 years is a joke. If he serves all 25 years wichis is less likely, he will be out at 57. That is how you retire billionaire at 57
A federal sentence is mandatory 85% be served no matter what..
25 years is a long time! I wouldn’t think that was a joke.
Do you think he will get out ?
only 25 years and I bet when he gets out he will go get the millions of dollars he has stored somewhere
Well, since he has millions stored in the offshore accounts of the Democrat politicians he gave money to, he'll never see a dime.
This guy was handling billions of dollars, not millions
Still kind of a light sentence for what he did. Still, glad he got locked up. People like him are why people don't like supporting new technology, especially currency.
This has put me investing in cryptocurrency
for life! 😭😭
This is 25 years playing tennis, golf and cards at Club Fed
U obviously don't know how prison works
bro it's federal prison not state prison--it'll be like a secure retirement home. @@samuelpancake4084
He donated to both parties.
@@samuelpancake4084you don't know how rich federal prisoners do time. Many are basically in halfway houses that are "prisons". They have a key to their own private room.
Hes not going to the state pen@samuelpankonien4084
You go to jail from stealing from rich people. When companies steal from poor people they get a little fine if any punishment at all. And they tack that up to the price of doing business. Ergo the biggest crime in America is wage theft, when is the last time you saw a CEO go to jail for wage theft?
What even is wage theft😂 this guy stole 10 billion in customer funds
This is b.s. where are the restitution to all the people that got swindled. Class action law suit for all these people. Get the money back from all the politicians and any place else that can be tracked down.
Apparently it can be tracked down and returned and based on that alone MSNBCs Chris jansing believes this should not have been prosecuted as a fraud if prosecuted at all.
When it comes to crooked politicians unfortunately there's never a real investigation and the money somehow dissappears like a fart in the wind! 😮
Just waiting for a youtuber to cover this so we can get some real information.
Hah!
👏👏👏👏👏
The only thing that sucks as those he stole from, won't get their money back.
Most of them were rich, so I really don't care all that much
Brain donor .... @@136jab
@@136jaband were stupid enough to buy into crypto scams
Most of them were filthy rich. Why do you think the punishment was so steep?
No they can definitely try to get their money back. Bernie Madoff’s victims have recovered 95 percent of their wealth.
Where’s my money
Gone
He'll do 10 in a nice, isolated cell with a TV, microwave, plenty of $$$ for commissary, probably has plenty of $$$ waiting for him when he gets out.
Fed time, not state. At least 80%
When a bunch of celebrities are on a TV commercial telling people they should buy a certain stock like FTX. What that really means is. If you own any of that stock, it's time to get rid of it asap.
“ crypto is secure”
They said…
“ crypto has block chains that show verified proof of transactions”
They said…
Where were you the day your crypto account was chopped in half?
No my crypto account went to zero
He donated a lot to Dems so I'm not surprised by the light verdict.
If it were a Republican nobody would say anything 😂 they'd make an excuse for them.
It's fraud, not murder lol. Wouldn't have matter who he donated to, it was going to end the same.
@@Wiggums-IIIthis guy did worse than Enron. Mind you that nearly crashed the entire market this shows how justice is lenient on these crimes
25 years is light to you?
He donated a lot under the table to the Republican Party as well. He was simply covering all bases.
To all of you saying he will be out in just a few years you need to realize a federal sentence makes you serve out 85% of the sentence no matter what
80%
@@jeanna7851 besides it being a simple Google search I'm telling you from experience it is 85%
But the J6 domestic terrorists get probabtion? SMH.
Where’s the money?
Should of got 200 years
Relatively lavish?????? Please, private jets, multiple real estate properties, unbridled spending on customer assets...........
Add a zero to that sentence.
That young man will never be able to fart again 😅
Scam Bankman Fraud - don't drop the soap!! 🧼🚿😁
@@mikafiltenborg7572 Bubba is waiting :)
Lol.
@@mikafiltenborg7572 ruclips.net/video/N1q3EN6cEZY/видео.htmlsi=MLpkHurVfm2Zwqi8
@@Hi-Phi ruclips.net/video/N1q3EN6cEZY/видео.htmlsi=MLpkHurVfm2Zwqi8
Why isn't Trump being tried and tossed in prison as fast as Sam? Why is Trump getting all these court delays and NOT in prison after being found guilty of bank and tax fraud in NYC? Get Trump in prison to protect honest Americans.
This was the same guy who said he lived a frugal life
Frugal? Cuz he had poor taste in clothes wearing shirts and flip flops and a lousy barber?
Couldn't happen to a better, more deserving guy. I wish him luck with his new husband.
It is going to be a poly arrangement.
25 years is a joke. Our court system is a joke and a failure
ALL ABOUT THAT DOLLAR…hope it was worth it!😢
So, how come Elizabeth Holmes got much less time? Female perhaps? 🤔
Not long enough.
The lawyer parents expected 5 years for their son
How many people’s lives did he destroy because of his greed? 25 years isn’t enough. People lost everything.
WHEN ARE WE GOING TO SENTENCE CORRUP CARREER POLITICIANS THAT GET RICH WITH CORPORATE MONEY?
You know he has a crypto-wallet stuffed with bitcoin that's only going to grow while he sits in prison. He'll most likely be out in twelve years and he'll be a billionaire when his feet hit the street. His prison sentence is like a living savings account at the expense of the tax payer.
Fed time, not state. At least 80%
Meanwhile we have literal murderers going free without bail. This shows us exactly the only thing they care about. Money. We have been sold by these people. I'm tired of it.
Yeah no. You don't go free with no bail on murder chsrge
Is that all
The privilege got off with a light sentence again.
Yeah, unfortunately, he’ll get out on parole after serving 8 to 12 years. He got off so light.. and we all know he still has money stashed away somewhere where the victims can’t legally acquire it… such an injustice.
10 billion divided by 25 years is $1.5m a day. Should have got 40 years at least
No electronic devices for 25yrs.... yikes!
They have access in club fed
I'm still mad months later that it isn't 40-50 years. If this isn't worth 50 years, what is? I don't care that a really smart MIT grad is wasting his life away in prison never again to benefit society.
Or, "From 25 years in prison to just four months: Inside the final verdict on a crypto billionaire CEO archrivalry"
25 years is nothing. NY law's just broken
On what island?
Kevin O’Leary should be sent to jail as well. 😤😤😤😤😤😤
They gave him time but allowed him to keep the money. Because if they didn’t he would’ve exposed all the politicians that made millions from him.
This judge should be totally ashamed of himself. A lot of innocent victims are once again victimized with the results of this sentencing. No justice at all for those with influence.
Lost $30 billion not $10! He deserves 30 lifetimes in prison!
His last name literally could not be more on the nose 😂 We gotta get Mr. Guilty Serial-Killer on the news next and act surprised when we find him.
He needs protection service if he were to be out. He disappears 10 years safely in Fed prison and probably most investors would not sue him and after he is out almost everyone would have forgot about him and he will disappear enjoying his stash of cash.
Fed time, not state. At least 80%
This man is going to just buy his way out of jail. Capitalism doesn't discriminate, even our own government can be bought off. What a fking joke America has become. I'm ashamed of our country
Criminals get special treatments for sharing the money they stole
You said the Feds don't hand out parole, you need to study that for a minute, you get 54 days a year good time and that is all and you have to do 5 years parole when you get released, no choice of the matter, they can let you off parole early but usually not.
biden will pardon him on his way out.
Just another call of duty Manchurian who reached level 33
Justice.
Why does logan paul get to just apologize and go on free
That’s it?
I believe that the victims should get their money back. Mostly ordinary people suffered. And I, too, suffered from these scammers.
They put this guy in prison pretty quick, yet trump still walks free.
Federal means you probably will be doing the whole sentence
Wow what a joke 25 years 😢 praying for all his victims
Someone really really big , helped this kid
He didn’t enjoy his lavish lifestyle???? On the private jet the chair didn't turn into a bed😢
His Mommy and Daddy are sad. I guess they should not have raised a thief.
And yet Donald Trump walks free...
Trumps awesome
@@Mary...22-u9jHAHAHA!!! Good one!
Why is he smiling?
Still crazy that he gets 25 years for this yet people that murder get less time than thus.
Are you actually “excusing” his years of crypto-FRAUD?
You might be complicit to his scheme, you 🤡…
That's my thought as well.
many people committed suicide, lost everything, his sentence is too lenient!
What about the life’s he ruined? People lost everything
Yea we will never know he locked up and not hidden on some private island. I don’t think Maxwell is locked up
I do not think he should have gotten any time. Let be honest. Everyone knows crypto is the biggest ponzi scheme on the planet. I am not hating on people flipping their money getting in and out quick. But to say this crypto is "Money" is foolishness. A fool and his money will always part ways.. So if you lost money in crypto that on you..
Buy gold !!!
He committed fraud. Your comment is foolish and shows you have zero comprehension of the situation
He will never last in prison.
Isn't all news breaking news?
Did he make luna crash?
Anyone else would’ve got life. I’m sure his donations had something to do with his light sentence.
Biden will just pardon him.
Oh yeah I guess 5 is in between 25 and 100 years.
His parents are in denial. Their brilliant little boy cant be guilty. Muttering something about not having access to evidence.
The entitled elites are a hot mess.😢
Meanwhile, Bernie Madoff is looking up to him literally and figuratively.
Moral lesson only invest in Legit - Top Crypto like Ethereum and Bitcoin 🤔🤔
That reporter...
"many people who had hundreds of thousands, millions of dollars in this trading platform." Also, "they were trying to make a few bucks off bitcoin."
If a person invests "hundreds of thousands, or millions of dollars" in a trading platform, they are not aiming to "make a few bucks." They are seeking a substantial return on their investment. While they are victims, they were also pursuing significant financial gain on an unproven trading platform. The reporter's framing is deceptive. He's misrepresenting the level of investment involved with someone putting in "hundreds of thousands" or "millions of dollars."
countless lives destroyed due to this sociopath
Are the Republicans going to return the money they received from him?
Crazy he got wat he deserves and the reporter wants him to have a reduced sentence
Nancy Pelosi made her share.
His live is basically over
He could’ve just moved all their assets into bitcoin and had plenty to make everyone whole again?
Way to long. No one list mony.
Had it been the elite who were ripped off this dude would have gotten life. Like medov
Should have used TRump’s lawyers. That seems to a sure-fire keep out of jail gambit