Fallen crypto mogul Sam Bankman-Fried sentenced to 25 years in prison

Описание: (28 Mar 2024)
FOR CLEAN VERSION SEE STORY NUMBER: 4485782

ASSOCIATED PRESS - MUST CREDIT ELIZABETH WILLIAMS
New York -- 28 March 2024
1. STILL: Courtroom sketch of FTX founder Sam Bankman-Fried standing in courtroom
2. STILL: Courtroom sketch Bankman-Fried sitting in courtroom

ASSOCIATED PRESS
New York -- 28 March 2024
3. Barbara Fried and Joseph Bankman, parents of FTX founder Sam Bankman-Fried, walk out after sentencing
STORYLINE:
FTX founder Sam Bankman-Fried has been sentenced to 25 years in prison for a cryptocurrency fraud that a prosecutor has described as one of the biggest financial frauds in U.S. history.

Federal Judge Lewis A. Kaplan imposed the sentence Thursday in a packed Manhattan courtroom.

The 32-year-old Bankman-Fried was convicted in November of fraud and conspiracy charges brought after his once-soaring cryptocurrency trading platform and related companies collapsed into bankruptcy.

Bankman-Fried was extradited to the U.S. in December 2022, five years after he started his businesses with plans to revolutionize the emerging cryptocurrency industry.

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