Published 1 month ago

Founder of FTX cryptocurrency bubble gets 25 years

Summary by Novinky.cz

A US court on Thursday sentenced the founder and former head of failed FTX cryptocurrency exchange Sam Bankman-Fried to 25 years in prison. Last November, a jury found Bankman-Fried, 32, guilty of embezzlement in what authorities called one of the biggest frauds in American history.

0 Articles

All

Left

Center

Right

Novinky.cz

Founder of FTX cryptocurrency bubble gets 25 years

1 month ago

Read Full Article

www.sme.sk

Private Planes and Bribes. Founder of bankrupt crypto exchange gets 25 years in prison

Massive fraud came to light after the collapse.

1 month ago·Bratislava, Slovakia

Read Full Article

Aktuálně.cz - Víte, co se právě děje…

Court sends founder of FTX cryptocurrency exchange to 25 years in prison

Podle prokuratury Bankman-Fried připravil klienty, investory a věřitele o více než deset miliard dolarů (zhruba 234 miliard korun), napsala agentura AP. Prokuratura pro zakladatele FTX navrhovala trest ve výši 40 až 50 let vězení, zatímco jeho obhájci označovali za adekvátní trest ve výši do šesti a půl roku vězení. Bankman-Fried podle prokuratury nezákonně používal peníze klientů FTX k vlastním účelům, včetně nákupu luxusních nemovitostí v Kari…

1 month ago

Read Full Article

Živě.cz

Luxury, arrogance, flexibility to the truth and a million robbed clients. Founder of crypto exchange FTX sentenced to 25 years

Revived March 29, 2023 | The story described by the US government as “one of the biggest financial frauds in history” has come to an end. Sam Bankman-Fried, founder of crypto exchange FTX, deprived up to a million clients of money. Now he's been sentenced to 25 years in prison and forfeiture of 11 billion...

1 month ago

Read Full Article

RTVI

Founder of FTX cryptography sentenced to 25 years in prison

A federal court in New York has sentenced Sam Bankman-Fried, the founder of the bankrupt crypto exchange FTX, to 25 years in prison. He was found guilty of one of the biggest frauds in US history, writes Reuters. A jury found Bankman-Fried guilty on November 3, 2023 on all seven counts. The court found that due to the fraudulent schemes of the founder of the crypto exchange, FTX customers lost $8 billion, investors — $1.7 billion, and the credit…

1 month ago·Moscow, Russian Federation

Read Full Article