Bankman-Fried Awaits Prison Sentence, FTX Customers Await Surprise: Full Repayment

[Irag8er]

FTX has recovered $5 billion worth of 'liquid' assets, lawyers say​

FTX has recovered $5 billion worth of 'liquid' assets, lawyers say

FTX lawyers said they had recovered $5 billion of assets, including cash and crypto, bringing customers closer to recovering from the exchange's collapse.

www.cnbc.com

 

[Irag8er]

JUST IN: US prosecutors unveiled a new indictment against Sam Bankman-Fried, charging the founder of now-bankrupt FTX cryptocurrency exchange with conspiring to violate anti-bribery provisions of the Foreign Corrupt Practices Act reut.rs/3nlJA9r

https://twitter.com/x/status/1640716244902100996

 

[Irag8er]

https://twitter.com/x/status/1720226782669115777

 

[Irag8er]

Sam Bankman-Fried Guilty on All 7 Counts in FTX Fraud Trial

https://www.coindesk.com/policy/2023/11/02/sam-bankman-fried-guilty-on-all-7-counts-in-ftx-fraud-trial/

 

[Publius]

SBF second largest donor in American politics right behind George Soros.

Sam Bankman-Fried’s Political Donations: What We Know

SBF publicly donated mostly to Democrats, but claims he secretly also gave to the GOP. He may have violated campaign finance laws

time.com

Both are the two largest donors to Democrats in 2022.

Oops. Sam Bankman-Fried's implosion took down Democrats' second-biggest donor with it as the party gears up to regulate crypto.

The CEO of struggling crypto exchange FTX was the party’s second-biggest individual donor in the 2021–2022 election cycle.

fortune.com

So when the democrats and RINO’s take up the mantle of protecting the little guy and saving democracy.

You might ask who it is that’s supporting them and how they stay in power and more importantly why.

Who’s your daddy!

 

[Irag8er]

As Sam Bankman-Fried awaits prison sentence, FTX customers await a surprise: full repayment ​

https://www.cnbc.com/2024/02/10/as-sam-bankman-fried-awaits-jail-ftx-customers-await-full-repayment.html

 

[NuclearID]

Sam Bankman-Fried should get up to 50 years in prison, U.S. says

BLOOMBERG – Prosecutors said Sam Bankman-Fried should get as much as 50 years behind bars for his role in the collapse of his FTX cryptocurrency exchange in "what is likely the largest fraud of the last decade.”
A sentence ranging from 40 to 50 years is necessary for Bankman-Fried’s "historic” crime involving more than 1 million victims and losses of more than $10 billion, prosecutors said Friday in a court filing. The request is far less than the 100 years recommended in U.S. criminal sentencing guidelines, but much more than the 6½-years his lawyers suggested.

"In every part of his business, and with respect to each crime committed, the defendant demonstrated a brazen disrespect for the rule of law,” prosecutors said in the filing. "He understood the rules, but decided they did not apply to him.”

U.S. District Judge Lewis A. Kaplan in New York is scheduled to sentence the 32-year-old on March 28. With such a wide disparity in the recommendations, the judge’s decision could be a bellwether for other cryptocurrency executives who defrauded investors or mismanaged client funds.

Sam Bankman-Fried should get up to 50 years in prison, U.S. says

A sentence of 40 to 50 years is necessary for the 'historic” crime involving more than 1 million victims and losses of over $10 billion, prosecutors say.

www.japantimes.co.jp