1Yr·

Sam Bankman-Fried from FTX ($FTT (-1.87%) ), was sentenced to 25 years years in prison after he defrauded FTX customers of a total of 8 billion
US dollars clients. Bankman-Fried was found guilty of secretly investing FTX client money in a hedge fund that "failed" and resulted in a billion dollar loss for FTX.

The judge pointed out that Bankman-Fried knew that his actions were wrong and criminal and lied during his trial testimony. lied during his trial testimony.

The public prosecutor's office had imposed a sentence of 40 to 50 years demanded.

9 Comments

Beeftek@Beeftek

1Yr

Too little

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Deleted User

1Yr

Comment was deleted

Beeftek@Beeftek

1Yr

@PowerWordChill expected 200 years rather than a paltry 25 years. Especially in the USA.

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Deleted User

1Yr

Comment was deleted

Beeftek@Beeftek

1Yr

@PowerWordChill Studies from Trump University for sure. But he got 25 years because he is privileged. A random African-American would get 50 years for robbery.

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Nic@Kater

1Yr

🤷‍♂️passiert

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Hockey_Scout@Hockey_Scout

1Yr

In Germany, many people get less than 2 to 5 years for murder and rape..... measured against that, it is a brutal punishment....

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ad_absurdum@ad_absurdum

1Yr

@Hockey_Scout Anyone who intentionally kills a person is liable to a custodial sentence of not less than ten years or life imprisonment.

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Hockey_Scout@Hockey_Scout

1Yr

@ad_absurdum Theoretically yes, but the interpretation of the word "intentional" is very borderline in German court proceedings. Just as a knife attack and multiple stabbings in the body are almost only charged as attempted murder in the case of death, otherwise only as assault and that is very lenient! I maintain that this is an extremely harsh verdict compared to German jurisdiction

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