‘Crypto King’ Sam Bankman-Fried gets 25 years in prison

He was known as the ‘Crypto King’, feted by politicians, endorsed by celebrities and entrusted with billions of dollars of funds.
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Now, Sam Bankman-Fried has been sentenced to 25 years in prison.
A judge in New York found that customers, investors and lenders lost $11 billion after the collapse of his FTX firm and rejected pleas from his defence for a shorter sentence.
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Пікірлер: 111

  • @_Blaze3
    @_Blaze3Ай бұрын

    He didn't just get jailed for fraud, he got jailed for defrauding rich people🤫

  • @davidmurphy563

    @davidmurphy563

    Ай бұрын

    That's simply not true, he mostly defrauded middle-income investors.

  • @thl205

    @thl205

    Ай бұрын

    he defrauded a lot of little people too, pretty much every idiot who was told "crypto is the next big thing" put their money with this guy

  • @Brazen1234

    @Brazen1234

    Ай бұрын

    0:51 - Thing about this part, is its the people in the shadows who you will never see that make these crimes look like child's play.

  • @real-satoshi-nakamoto

    @real-satoshi-nakamoto

    Ай бұрын

    There is no way Sam Bankman-Fried will serve 25 years. If he serves 25 years, I will lose my faith in the US justice system. Bankman will be in prison for a few years and then be released on parole with strict conditions. His parole conditions will be as follows: he can work from 9am to 5pm but must return to his home prison after 5pm. He could only have BBQ on weekends and can only leave the USA for vacation twice.

  • @akhripasta2670

    @akhripasta2670

    Ай бұрын

    If it's a non whyt, then it's a scammer. Otherwise, it's a crypro king, entrepreneur, etc.

  • @2906justblaze
    @2906justblazeАй бұрын

    If you steal from the rich, you go to prison. When the rich steal from the poor and working class, they receive around of applause.

  • @xavierb9061

    @xavierb9061

    Ай бұрын

    Makes sense lawyers cost

  • @XxTheAwokenOnexX
    @XxTheAwokenOnexXАй бұрын

    The bankers in 2008 should have been lockedup, and not bailed out!

  • @rickstalentedtongue910

    @rickstalentedtongue910

    Ай бұрын

    The system is theirs and they don't jail themselves.

  • @aotlatitude

    @aotlatitude

    Ай бұрын

    There would be no economy if they had not been bailed out.

  • @real-satoshi-nakamoto

    @real-satoshi-nakamoto

    Ай бұрын

    There is no way Sam Bankman-Fried will serve 25 years. If he serves 25 years, I will lose my faith in the US justice system. Bankman will be in prison for a few years and then be released on parole with strict conditions. His parole conditions will be as follows: he can work from 9am to 5pm but must return to his home prison after 5pm. He could only have BBQ on weekends and can only leave the USA for vacation twice.

  • @rickstalentedtongue910

    @rickstalentedtongue910

    Ай бұрын

    @@aotlatitude That makes zero sense.

  • @user-fb5uz3zc2t
    @user-fb5uz3zc2tАй бұрын

    And not a single indictment from the 2008 collapse

  • @suntzu6122

    @suntzu6122

    Ай бұрын

    Why even bring that up?

  • @jackstevens2437

    @jackstevens2437

    Ай бұрын

    @@suntzu6122because it’s true

  • @user-fb5uz3zc2t

    @user-fb5uz3zc2t

    Ай бұрын

    @@suntzu6122 why not

  • @shellywhite2145
    @shellywhite2145Ай бұрын

    What are the best additions to a $500k portfolio to boost performance?. ETH is Up and will do better, I believe as indicators for profits continue to improve. investors like me believe that “Santa has come early” to the markets..

  • @laurawheeler-zh8gv

    @laurawheeler-zh8gv

    Ай бұрын

    I think you're better off with majority investment in bitcoin and uprising equities cos they always outperform. Alternatively speaking to a certified market strategist can help with pointers on which to acquire

  • @shellywhite2145

    @shellywhite2145

    Ай бұрын

    wow massive gains! my partner recently hinted on going same direction.. what did you invest in, and who is your investment advisr please, if you don’t mind me asking? in dire need of asset allocation

  • @laurawheeler-zh8gv

    @laurawheeler-zh8gv

    Ай бұрын

    ashley airagahi is the licensed advisor I use. Just research the name. You'd find necessary details to work with to set up an appointment

  • @shellywhite2145

    @shellywhite2145

    Ай бұрын

    Thank you for this amazing tip. I just looked the name up, wrote her explaining my financial market goals

  • @wjun0131
    @wjun0131Ай бұрын

    Not long enough, should get 100+

  • @Susieq26754
    @Susieq26754Ай бұрын

    You mean he was sentenced to go live in Switzerland for 20 years. Gosh that's tough.

  • @Jeanne90275
    @Jeanne90275Ай бұрын

    He's a thief, liar, and fraudster.🤬

  • @MikeStrup-rq4mn

    @MikeStrup-rq4mn

    Ай бұрын

    Don't forget he's a Jew too

  • @lockstockand3smokingcarrots

    @lockstockand3smokingcarrots

    Ай бұрын

    They have tricked you into thinking you should care, he took from the rich got 25 years back in 2008 the banks took from you did anyone go jail?

  • @nerd26373
    @nerd26373Ай бұрын

    A lesson learned. Sam Bankman has been banking in on the excessive screen time these days.

  • @Glenna10
    @Glenna10Ай бұрын

    His parents must be so proud

  • @MikeStrup-rq4mn

    @MikeStrup-rq4mn

    Ай бұрын

    Of course they are...he's doing Jew stuff

  • @rustylibre

    @rustylibre

    Ай бұрын

    They were involved

  • @rickstalentedtongue910

    @rickstalentedtongue910

    Ай бұрын

    @@rustylibre Correct, and they are untouchable.

  • @3joewj
    @3joewjАй бұрын

    When banks lose your money in stocks/ investments and they run out of deposits...the federal government covers the bill...with federal insurance.

  • @sirloin869
    @sirloin86919 күн бұрын

    Or, "From 25 years in prison to just four months: Inside the final verdict on a crypto billionaire CEO archrivalry"

  • @royed31
    @royed31Ай бұрын

    When are his parents going to be charged .

  • @0dinseye
    @0dinseyeАй бұрын

    I am shocked at the length of sentence… not because he doesn’t deserve to go to jail… Have defrauders from mainstream banks or financial institutions ever had such heavy sentences? Jordan Belfort (Wolf of Wall Street) served 22 months for going the US equivalent of QE on old associates... No Wall Street heads went to jail after the 2008 financial crisis… Sorry , one Banker, Egyptian Born, of course, was sentenced to a whopping 30 months in jail… slight disparities eh???

  • @JackF99

    @JackF99

    Ай бұрын

    But what about the far more notorious Boesky Milken Madoff types?

  • @rickstalentedtongue910

    @rickstalentedtongue910

    Ай бұрын

    He is a Jew.

  • @lstbys666
    @lstbys666Ай бұрын

    Talking of flying close to the sun, my dude put his face on a frying pan

  • @rb1062

    @rb1062

    Ай бұрын

    Fried!

  • @ianlewis2813
    @ianlewis2813Ай бұрын

    Less than I expected...

  • @lucinaflores5602
    @lucinaflores5602Ай бұрын

    Blocksailor's self-governance sets it apart. It's time to understand its mechanisms.

  • @philstanton231
    @philstanton231Ай бұрын

    Is that all - WTF 😮

  • @thl205
    @thl205Ай бұрын

    This was a rapid fall from grace, we should be getting faster at prosecuting these frauds. it normally takes too long and it moves down the headlines and new frauds come up trying their shot.

  • @meme4one
    @meme4oneАй бұрын

    Ahh another little hat committing fraud.

  • @TestGearJunkie.
    @TestGearJunkie.Ай бұрын

    Fried's fried 🤣

  • @northwestcoast
    @northwestcoastАй бұрын

    “Ironically bitcoin is soaring” Zero Irony

  • @LordOfLight
    @LordOfLightАй бұрын

    Good.

  • @billjohn3287
    @billjohn3287Ай бұрын

    He should've been sentenced to at least 120 years in prison; the pain and damage and suffering he and his group of scamming criminals did to millions of innocent people around the world, There is no Justice in United States of America, Just because he is [ member of the Chosen one ] doesn't mean he is above the law [ or maybe, only in United States of America, [Chosen one] get free pass. JUSTICE NOT SERVED.

  • @CrazyWabbit
    @CrazyWabbitАй бұрын

    A former work colleague always went on about buying bitcoin and i tried to tell him it was a bad idea. He lost almost £230k, his wife left him and he is now homeless. His attitude before his fall was obnoxious because he constantly went on about how much his crypto currency was worth and when it all went wrong, the amount of people that done the `I told you so` thing was unreal. Im glad this fraudster has been jailed and i hope that all 13k+ crypto currencies get removed from existance.

  • @solids1451

    @solids1451

    Ай бұрын

    This had nothing to do with bitcoin

  • @jessicaphillips1039

    @jessicaphillips1039

    Ай бұрын

    nothing to do with crypto or bitcoin. he just didnt learn the rules and got rekt

  • @Symmetry77
    @Symmetry77Ай бұрын

    25 years seems excessive but what do I know

  • @marcwareham9351

    @marcwareham9351

    Ай бұрын

    He’s ruined a lot of peoples lives.

  • @rickstalentedtongue910

    @rickstalentedtongue910

    Ай бұрын

    Excessive? He should never see the light of day. He never even returned the money.

  • @robynhurley5119

    @robynhurley5119

    Ай бұрын

    ​@@rickstalentedtongue910i know right??

  • @martinreed1401

    @martinreed1401

    Ай бұрын

    Nothing

  • @kahfong3204
    @kahfong3204Ай бұрын

    Will the retirees who had put their LIFE SAVINGS in FTX ever get their monies?

  • @rickstalentedtongue910

    @rickstalentedtongue910

    Ай бұрын

    Jajajaja, good one.

  • @robertcarroll9409
    @robertcarroll9409Ай бұрын

    Not long enough.

  • @user-cvbnm
    @user-cvbnmАй бұрын

    Karma

  • @owenb8636
    @owenb8636Ай бұрын

    25 years for stealing $11bn seems pretty light. With good behavior he could be out by the time he's 45. He'll still have half his life left while thousands of other people spend years working to recoup the money he stole

  • @_Breakdown
    @_BreakdownАй бұрын

    *GOOD!!! JUSTICE IS A JOY!!!* 😀😃⚖️👍🏼👍🏼

  • @peterhansen5804
    @peterhansen5804Ай бұрын

    There should be no "crypto industry"

  • @TC8787-yq7og

    @TC8787-yq7og

    Ай бұрын

    Why?

  • @dan7764
    @dan7764Ай бұрын

    He will not be a shot caller

  • @TheDashingRogue
    @TheDashingRogueАй бұрын

    Bank man!

  • @billyhawkins9273
    @billyhawkins9273Ай бұрын

    Bye! 👋

  • @anitalee675
    @anitalee675Ай бұрын

    Who would trust a face like that 😂

  • @rb1062
    @rb1062Ай бұрын

    He's been dumped, hasn't he? 😅

  • @HIMMELWERNICKE
    @HIMMELWERNICKEАй бұрын

    Bankman will have fun in prison...

  • @DrGreen-rn1wd
    @DrGreen-rn1wdАй бұрын

    Ha ha you were all fouls to fall in his trap.

  • @brownekevable
    @brownekevableАй бұрын

    if he gets that sentence...what should Trump get

  • @JackF99

    @JackF99

    Ай бұрын

    Trump will probably pardon him

  • @rb1062

    @rb1062

    Ай бұрын

    ​@@JackF99 Fried's a Democrat. Doubt it!

  • @broomehillwa6318
    @broomehillwa6318Ай бұрын

    25 years this is a joke

  • @MN-ii7ng
    @MN-ii7ngАй бұрын

    I don't believe that he was criminal... Politician ply lot of dirty games these days

  • @RashidOmar
    @RashidOmarАй бұрын

    The juice at it again

  • @jesus2621
    @jesus2621Ай бұрын

    What happened to the face of that lawyer

  • @jamesantill5065

    @jamesantill5065

    Ай бұрын

    Just a birthmark.

  • @The_Savage_Wombat
    @The_Savage_WombatАй бұрын

    Just screams sleazy con artist from a brief glance. How did he fool so many? Lot more suckers out there than I thought.

  • @nhantran6645
    @nhantran6645Ай бұрын

    this mf funneled ten of millions into the biden campaign

  • @ye56576nm
    @ye56576nmАй бұрын

    انا اختكم من اليمن والله ماتكلمت الا من جوع ومن ضيق الحال انا وامي واخوتي نستقبل رمضان بالعبرٱت والدموع نحن في حاله لايعلم بها الا الله حسبنا الله ونعم الوكيل في من اوصلنا الى هاذا الحال 💔💔وًّالَلَهَ الَعَظَيَمَ مَا كتَبَتَ هَذا الَمَنَاشَدَهَ غَيَرَ مَنَ الَضَيَقَ وّالَفَقَر يَاعَالَمَ حَسَوّا فَيَنَا ارَجَوّكمَ وّالَلَهَ الَعَظَيَمَ رَبَ الَعَرَشَ الَعَظَيَمَ انَه الَاكلَ مَا فَيَ عَنَدَيَ بَالَبَيَتَ وًّالَلَهَ يَا اخَوّانَيَ انَهَ اخَوًّنَيَ بَقَعَدَوًّ بَالَيَوًّمَيَنَ مَافَى اكلَ وًّالَلَهَ وًّضَعَنَا كثَيَرَ صَعَبَ نَحَنَ 4 نَفَرَ دَاخَلَ الَبَيَتَ وًّابَيَ مَتَوًّفَيَ وًّلَا يَوًّجَدَ مَنَ يَعَوًّلَ عَلَيَنَا وًّسَاكنَيَنَ فَيَ بَيَتَ اجَارَ لَانَسَتَطَيَعَ دَفَعَ الَاجَارَ الَلَيَ بَاقَيَ عَلَيَنَا ''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''' اخي اول كلامي انا اقسم بالله على. كتاب الله اني لااكذب عليك ولا انصب ولا احتال اني بنت يمنيه نازحين من تعز انا واسرتي بيننا ایت الشهرب 20 الف يمني والان علينا 60 الف حق 3 شهور وصاحب البيت من الناس الي ماترحم والله يا اخي انه يجي كل يوم يبهدلنا ويتكلم علينا ويريد من البيت للشارع لانناماقدرنا ندفعله الأجار شافونا الجيران نبكي ورجعو تكلمو الجيران ومهلنالاخره الأسبوع معادفعنا له حلف يمين بالله هذا بيخرجنا إلى الشارع رحمه واحنا. بلادنا بسبب هذا الحرب ولانجد قوت يومنا وعايشين اناوامي واخوتي سفار والدنا متوفي الله يرحمه ومامعنا أحد في هذا الدنيا جاانبنا في هذه الظروف القاسيه اخوتي الصغار خرجو للشارع وشافو الجيران ياكلو واوقفو عند بابهم لجل يعطوهم ولو كسره خبز والله الذي له ملك السموات والارض انهم غلفو الباب وطردوهم ورجعو یبکو ایموتو من الجوع ما احد رحمهم وعطلة ردها لقمت عیش والان لوما احدنا ساعدنا في إيكيلو دقيق اقسم بالله انموت من الجوع فيا اخي انا دخيله على الله ثم عليك واريد منك المساعده لوجه الله انشدك بالله تحب الخير واتساعدني ولو ب 500 ريال يمني مع تراسلي واتساب على هذا الرقم 00967717354582 وتطلب اسم بطاقتي وترسلي ولاتتاخر وايعوضك الله بكل خير اخواني سغار شوف كيف حالتهم وساعدنا وأنقذنا قبل أن يطردونا في الشارع تتبهدل أو نموت من الجوع وانا واسرتي نسالك بالله لولك مقدره على مساعد لاتتاخر علينا وجزاك الله خيررا√>

  • @yatarookayama8329
    @yatarookayama8329Ай бұрын

    Moral lesson only invest in Legit - Top Crypto like Ethereum and Bitcoin 🤔🤔🤔🤔

  • @jacktheripper-hp9tx
    @jacktheripper-hp9txАй бұрын

    how come this guy gets 25 years and trump dont get anything

  • @xanperna

    @xanperna

    Ай бұрын

    Because trump didn’t commit any crimes … keep watching cnn you sound like a real smart guy

  • @fortitudo2110
    @fortitudo2110Ай бұрын

    Some people are still believing in crypto and trading. I😂😂

  • @TC8787-yq7og

    @TC8787-yq7og

    Ай бұрын

    You do know most fraud is committed using the US dollar?

  • @usptact
    @usptactАй бұрын

    I see what he did. He hid a lot of crypto and is willingly going to prison. In 25 years he will be out and enjoy his 100x crypto.

  • @bobcat8439
    @bobcat8439Ай бұрын

    If they want to get the money back they should go after the Democratic party that he gave all that money to