Sam Bankman-Fried, the founder of crypto exchange FTX, was sentenced to 25 years in prison for defrauding investors.
Sam Bankman-Fried, the founder of crypto exchange FTX, was sentenced to 25 years in prison for defrauding investors.
Jurors took only a half-day of deliberations today to find former FTX founder Sam Bankman-Fried guilty of seven counts of fraud in a scheme that cost customers an estimated $10 billion to $14 billion. His crypto exchange, FTX, collapsed into bankruptcy last year.
Bernard Madoff, the infamous architect of an epic securities swindle that burned thousands of investors, outfoxed regulators and earned him a 150-year prison term, died in a federal prison early Wednesday. He was 82.
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