Sam Bankman-Fried sentenced to 25 years in prison for cryptocurrency fraud
FTX CEO Sam Bankman-Fried was sentenced to 25 years in federal prison for his role in a multi-billion dollar cryptocurrency fraud scheme. A jury convicted Bankman-Fried on all seven counts of wire fraud and conspiracy. NBC News’ Brian Cheung breaks down Bankman-Fried’s sentencing.
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#SamBankmanFried #FTX #Crypto
Пікірлер: 417
He will get out in 10 years or so then he will become a sales guru selling a course...
@DistrustHumanz
2 ай бұрын
Fed time, not state. At least 80%
@redfin382
2 ай бұрын
I'm sure he hid millions, so he'll probably live on an island somewhere.
@zeroin6718
2 ай бұрын
@@DistrustHumanzhell yea, dude is cooked. He gonna be sittin for a hot minute.
@CSAccetura
2 ай бұрын
@@DistrustHumanz85
@samuelpancake4084
2 ай бұрын
He isn't making it out bro . He's rich . When his money runs out he's gone
I am really confident for this bullrun, MEV arbitrage is the way
@JamesjJacobus
2 ай бұрын
MEV! i am learning it
@daryneedarynee3126
2 ай бұрын
wow what is this about?
@danielspenceriii2365
2 ай бұрын
i did this last bullrun on ethereum network, very profitable
@rubincarey2166
2 ай бұрын
My easiest 2.5Eth was from Mev
@danielspenceriii2365
2 ай бұрын
really think arbitraging is flying?
Ill do 2 years for him if he pays me 5 million dollars.
@soc789
2 ай бұрын
People do 35 years of prison for that much money. It’s called a job.
@TheRedMenace12
2 ай бұрын
You don't want to. You may well end up blind, crippled, or dead.
@Aw3someOpZ
2 ай бұрын
Man’s willing to go to the booty house for that much; Everyone has a price.
@MrMurdoom
2 ай бұрын
4 for 6.
@Kenneth-nx4uv
2 ай бұрын
@@danhusterd6376🤣😂🤣
The judge should have tacked-on an extra five years just for using Quickbooks to run a multi-billion dollar business.
@SuzNbhollenberry
2 ай бұрын
😂
@Tankeryanker339
2 ай бұрын
But the quicken didn’t turn red
@RebuttalRecords
2 ай бұрын
@@Tankeryanker339 Quicken isn't the same as Quickbooks.
@Viktor-jq2br
21 күн бұрын
Quicken?? Just like Skyler White! Oh my....
This is an injustice to people who lost all of their money. He will be out to live his lavish life and perhaps write a book
@paulrovira873
2 ай бұрын
He paid the Democratic Party he gave them millions of other peoples money. You are a hottie
@jaycee9153
2 ай бұрын
oh well, lesson learned
@ajossi
2 ай бұрын
You think he's gonna make it in prison?
@bmichael8187
2 ай бұрын
Idk, 25 years sounds like a long time.
@wyattrorick5285
2 ай бұрын
My got no he won’t trust ain’t no one gonna work with him when he out crypto in 25 years will he insaine so many new projects and he will be out of the game by a big time but I definitely still believe he has money stashed away on cold wallets
Just waiting for a youtuber to cover this so we can get some real information
@RegesDeorumOFFICIAL
2 ай бұрын
@coffeezilla
@FinishCarpentryTV
2 ай бұрын
@@RegesDeorumOFFICIALnah
He got off easy. He will not serve fulll term, unfortunately.
@GregLakatosChradm
2 ай бұрын
The feds don't have parole.
@relentless305
2 ай бұрын
ONLY POSSIBILITY IS TO APPEAL THE SENTENCE THERES NO PAROLE NO WORK RELEASE THERES NOTHING ONLY DOING 100 % OF YOUR DAYS. IS THE FEDS STATE PRISONS SHOULD BE LIKE THIS MAYBE PPL THINK ABOUT IT BEFORE DOING IT
@GregLakatosChradm
2 ай бұрын
@@MoonCricket-yr1xn Who is Sam Beckman?
@GregLakatosChradm
2 ай бұрын
@@MoonCricket-yr1xn LOL!! Not in the federal system. Quit preading your lack of knowledge.
@alishabazz7431
2 ай бұрын
In federal prison he’ll serve most of it until it’s appealed and overturned somehow.
Are the politicians who took advantage of the scam going to be punished as well?
@janejones8672
2 ай бұрын
No
@Once_in_a_Lifetime
Ай бұрын
They justified not going after him because they got him on everything else. Yea, right. Guess all that money the mom gave must have got to the right places. Just tells you how corrupt the judges and DA’s are in this country. Most believe in selective prosecution and the constitution just doesn’t apply to their type of democracy!
25 years for a con that only lasted a few years - fun fact - both of sam's parents are professors at stanford law university - wonder why they didn't give him any legal advice - like don't commit massive fraud ..
👏👏👏👏👏 The only thing that sucks as those he stole from, won't get their money back.
@136jab
2 ай бұрын
Most of them were rich, so I really don't care all that much
@markusanderson1517
2 ай бұрын
Brain donor .... @@136jab
@4sbel885
2 ай бұрын
@@136jaband were stupid enough to buy into crypto scams
@ryg2304
2 ай бұрын
Most of them were filthy rich. Why do you think the punishment was so steep?
@rishilpatel3404
2 ай бұрын
No they can definitely try to get their money back. Bernie Madoff’s victims have recovered 95 percent of their wealth.
That’s it? 25 years? Dude stole billions………. Madoff would have been thrilled with 20 years.
@TheBadmatter
2 ай бұрын
Madoff didn't pay the right people lol
@redfin382
2 ай бұрын
Yeah that's crazy. Bernie got 150 years... How did this dude only get 25?
@user-bo3mp8un6c
2 ай бұрын
Gang murderers and child rapists get less than 10 years. In California the DAs won't even prosecute gang members. This is a huge sentence, I believe it's warranted but disproportionate
@CamJames
28 күн бұрын
Madoff would've died in prison regardless.
25 years is a joke. If he serves all 25 years wichis is less likely, he will be out at 57. That is how you retire billionaire at 57
@CSAccetura
2 ай бұрын
A federal sentence is mandatory 85% be served no matter what..
only 25 years and I bet when he gets out he will go get the millions of dollars he has stored somewhere
@susy590
2 ай бұрын
Well, since he has millions stored in the offshore accounts of the Democrat politicians he gave money to, he'll never see a dime.
@janejones8672
2 ай бұрын
This guy was handling billions of dollars, not millions
Couldn't happen to a better, more deserving guy. I wish him luck with his new husband.
What happens to the millions he donated to crooked politicians?
@robertgworek2497
2 ай бұрын
Where probably spent on campaigns. Don't worry, those money have not disappeared.
@janejones8672
2 ай бұрын
They got to keep it
Amazing someone was actually held accountable.
@mariosanders1861
2 ай бұрын
😂😂
@oberweiss7190
28 күн бұрын
Are you sure he was held accountable? Have you visted him in jail? Have you seen Gislaine Maxwell in jail? Are you sure Epstein is really dead? Lol….. People are trully gullible… This dude funded Bidens campaign and you think he didnt have insurance?
This is 25 years playing tennis, golf and cards at Club Fed
@samuelpancake4084
2 ай бұрын
U obviously don't know how prison works
@DJAngelShadows
2 ай бұрын
bro it's federal prison not state prison--it'll be like a secure retirement home. @@samuelpancake4084
@andreamckinney7500
2 ай бұрын
He donated to both parties.
@treehuggerdeluxe5598
2 ай бұрын
@@samuelpancake4084you don't know how rich federal prisoners do time. Many are basically in halfway houses that are "prisons". They have a key to their own private room.
@jeanna7851
2 ай бұрын
Hes not going to the state pen@samuelpankonien4084
He should have been given the max sentence for being a man with a hyphenated last name
@user-dy9bm7sk7n
2 ай бұрын
LOL.
Still kind of a light sentence for what he did. Still, glad he got locked up. People like him are why people don't like supporting new technology, especially currency.
@user-ec9rz7xh7e
2 ай бұрын
This has put me investing in cryptocurrency for life! 😭😭
He'll do 10 in a nice, isolated cell with a TV, microwave, plenty of $$$ for commissary, probably has plenty of $$$ waiting for him when he gets out.
@DistrustHumanz
2 ай бұрын
Fed time, not state. At least 80%
Thats all?!?! He should've gotten life. He ruined so many lives. People lost everything and committed suicide. Hes in bed with the democrats.
Are the democrats going to return the money they received from his donations?
@RandyCapor
2 ай бұрын
What do you think!!! The won the midterm elections on 100's millions Sam gave them and the media dropped covering it!
@E_X_H_U_M_E_D_06
2 ай бұрын
😂😂😂 there's always that one 🤡 making it political.
@DrBlood-cq2cm
2 ай бұрын
Aaaaaaaand its gone.
@brandons9027
2 ай бұрын
Why? He is in prison and they got his money. Seems like a W to me
@JohnRangel-if2qm
2 ай бұрын
@@E_X_H_U_M_E_D_06 this what they wake up and live for lol
This is b.s. where are the restitution to all the people that got swindled. Class action law suit for all these people. Get the money back from all the politicians and any place else that can be tracked down.
@CSAccetura
2 ай бұрын
Apparently it can be tracked down and returned and based on that alone MSNBCs Chris jansing believes this should not have been prosecuted as a fraud if prosecuted at all.
@kevinyoshida3586
2 ай бұрын
When it comes to crooked politicians unfortunately there's never a real investigation and the money somehow dissappears like a fart in the wind! 😮
Just waiting for a youtuber to cover this so we can get some real information.
@DistrustHumanz
2 ай бұрын
Hah!
Where’s my money
@janejones8672
2 ай бұрын
Gone
Where’s the money?
This was the same guy who said he lived a frugal life
@mangafq8
2 ай бұрын
Frugal? Cuz he had poor taste in clothes wearing shirts and flip flops and a lousy barber?
The lawyer parents expected 5 years for their son
Add a zero to that sentence.
Not long enough.
That young man will never be able to fart again 😅
@mikafiltenborg7572
2 ай бұрын
Scam Bankman Fraud - don't drop the soap!! 🧼🚿😁
@user-dy9bm7sk7n
2 ай бұрын
@@mikafiltenborg7572 Bubba is waiting :)
@Hi-Phi
2 ай бұрын
Lol.
@pastorjohnculbertson661
2 ай бұрын
@@mikafiltenborg7572 kzread.info/dash/bejne/gGWllaeHZsarirw.htmlsi=MLpkHurVfm2Zwqi8
@pastorjohnculbertson661
2 ай бұрын
@@Hi-Phi kzread.info/dash/bejne/gGWllaeHZsarirw.htmlsi=MLpkHurVfm2Zwqi8
Relatively lavish?????? Please, private jets, multiple real estate properties, unbridled spending on customer assets...........
Is that all
No electronic devices for 25yrs.... yikes!
@pibarrante6901
2 ай бұрын
They have access in club fed
So, how come Elizabeth Holmes got much less time? Female perhaps? 🤔
The privilege got off with a light sentence again.
How many people’s lives did he destroy because of his greed? 25 years isn’t enough. People lost everything.
You go to jail from stealing from rich people. When companies steal from poor people they get a little fine if any punishment at all. And they tack that up to the price of doing business. Ergo the biggest crime in America is wage theft, when is the last time you saw a CEO go to jail for wage theft?
@weirdflex8158
18 күн бұрын
What even is wage theft😂 this guy stole 10 billion in customer funds
Let's see how long he survives in prison.
@GregLakatosChradm
2 ай бұрын
He's going to club fed.
@pete6705
2 ай бұрын
@@GregLakatosChradm I don’t think so, not with a sentence that long. I think he’ll do medium security, but in like 7 years he might be able to transfer to minimum security
@GregLakatosChradm
2 ай бұрын
@@pete6705 Anything is possible but usually white collar crime goes to club fed.
@jeanna7851
2 ай бұрын
@@pete6705 he's doing federal time for white collar crime. He'll be fine
@pete6705
2 ай бұрын
@@jeanna7851 his sentence is too long for minimum security. He might get transferred to minimum security at some point but he’ll probably start off in a very tough prison
Sure it’s a long sentence but people who have murdered get less than this. There’s a huge difference in these crimes that’s not reflected in the sentence.
@user-dy9bm7sk7n
2 ай бұрын
The flow on of his actions will be felt for a long time by the people who lost retirement funds to this creep.
Meanwhile we have literal murderers going free without bail. This shows us exactly the only thing they care about. Money. We have been sold by these people. I'm tired of it.
@weirdflex8158
18 күн бұрын
Yeah no. You don't go free with no bail on murder chsrge
25 years is a joke. Our court system is a joke and a failure
Should of got 200 years
Justice.
He donated a lot to Dems so I'm not surprised by the light verdict.
@E_X_H_U_M_E_D_06
2 ай бұрын
If it were a Republican nobody would say anything 😂 they'd make an excuse for them.
@user-uv2bd7ee3q
2 ай бұрын
It's fraud, not murder lol. Wouldn't have matter who he donated to, it was going to end the same.
@ErikPT
2 ай бұрын
@@user-uv2bd7ee3qthis guy did worse than Enron. Mind you that nearly crashed the entire market this shows how justice is lenient on these crimes
@paullewis4134
2 ай бұрын
25 years is light to you?
@JackF99
2 ай бұрын
He donated a lot under the table to the Republican Party as well. He was simply covering all bases.
On what island?
When a bunch of celebrities are on a TV commercial telling people they should buy a certain stock like FTX. What that really means is. If you own any of that stock, it's time to get rid of it asap.
To all of you saying he will be out in just a few years you need to realize a federal sentence makes you serve out 85% of the sentence no matter what
@jeanna7851
2 ай бұрын
80%
@CSAccetura
2 ай бұрын
@@jeanna7851 besides it being a simple Google search I'm telling you from experience it is 85%
He needs protection service if he were to be out. He disappears 10 years safely in Fed prison and probably most investors would not sue him and after he is out almost everyone would have forgot about him and he will disappear enjoying his stash of cash.
@DistrustHumanz
2 ай бұрын
Fed time, not state. At least 80%
Just another call of duty Manchurian who reached level 33
Or, "From 25 years in prison to just four months: Inside the final verdict on a crypto billionaire CEO archrivalry"
That’s it?
You know he has a crypto-wallet stuffed with bitcoin that's only going to grow while he sits in prison. He'll most likely be out in twelve years and he'll be a billionaire when his feet hit the street. His prison sentence is like a living savings account at the expense of the tax payer.
@DistrustHumanz
2 ай бұрын
Fed time, not state. At least 80%
This judge should be totally ashamed of himself. A lot of innocent victims are once again victimized with the results of this sentencing. No justice at all for those with influence.
You said the Feds don't hand out parole, you need to study that for a minute, you get 54 days a year good time and that is all and you have to do 5 years parole when you get released, no choice of the matter, they can let you off parole early but usually not.
“ crypto is secure” They said… “ crypto has block chains that show verified proof of transactions” They said… Where were you the day your crypto account was chopped in half?
@janejones8672
2 ай бұрын
No my crypto account went to zero
Why isn't Trump being tried and tossed in prison as fast as Sam? Why is Trump getting all these court delays and NOT in prison after being found guilty of bank and tax fraud in NYC? Get Trump in prison to protect honest Americans.
Lost $30 billion not $10! He deserves 30 lifetimes in prison!
25 years is nothing. NY law's just broken
I believe that the victims should get their money back. Mostly ordinary people suffered. And I, too, suffered from these scammers.
Why does logan paul get to just apologize and go on free
That was fast 😮
He didn’t enjoy his lavish lifestyle???? On the private jet the chair didn't turn into a bed😢 His Mommy and Daddy are sad. I guess they should not have raised a thief.
Kevin O’Leary should be sent to jail as well. 😤😤😤😤😤😤
Yea we will never know he locked up and not hidden on some private island. I don’t think Maxwell is locked up
Someone really really big , helped this kid
Still crazy that he gets 25 years for this yet people that murder get less time than thus.
@twoblacklabs904
2 ай бұрын
Are you actually “excusing” his years of crypto-FRAUD? You might be complicit to his scheme, you 🤡…
@jeanna7851
2 ай бұрын
That's my thought as well.
@thesummerland6165
2 ай бұрын
many people committed suicide, lost everything, his sentence is too lenient!
Wow what a joke 25 years 😢 praying for all his victims
ALL ABOUT THAT DOLLAR…hope it was worth it!😢
Criminals get special treatments for sharing the money they stole
Why is he smiling?
Federal means you probably will be doing the whole sentence
That reporter... "many people who had hundreds of thousands, millions of dollars in this trading platform." Also, "they were trying to make a few bucks off bitcoin." If a person invests "hundreds of thousands, or millions of dollars" in a trading platform, they are not aiming to "make a few bucks." They are seeking a substantial return on their investment. While they are victims, they were also pursuing significant financial gain on an unproven trading platform. The reporter's framing is deceptive. He's misrepresenting the level of investment involved with someone putting in "hundreds of thousands" or "millions of dollars."
Did he make luna crash?
Isn't all news breaking news?
Oh yeah I guess 5 is in between 25 and 100 years.
And he'll never spend 1 day in prison. He will be on an island somewhere relaxing for the rest of his life.
Anyone else would’ve got life. I’m sure his donations had something to do with his light sentence.
What about the life’s he ruined? People lost everything
He will never last in prison.
His parents are in denial. Their brilliant little boy cant be guilty. Muttering something about not having access to evidence.
@mangafq8
2 ай бұрын
The entitled elites are a hot mess.😢
5-6 years max what a Genious 😳
@DistrustHumanz
2 ай бұрын
Fed time, not state. At least 80%
His last name literally could not be more on the nose 😂 We gotta get Mr. Guilty Serial-Killer on the news next and act surprised when we find him.
Who's this Sam Bankman-Fried? His name is Scam Bankrupt-Fraud.
He'll serve 8 years then get out on parole....either that, or he'll appeal and win.
@CSAccetura
2 ай бұрын
Federal sentencing requires no less than 85% of the sentence be completed no matter
Ocean gate:Scott kilo foxtrot
Meanwhile, Bernie Madoff is looking up to him literally and figuratively.
He won't have to be socially awkward now..... so don't worry about that.
Moral lesson only invest in Legit - Top Crypto like Ethereum and Bitcoin 🤔🤔
He'll be out in 16 years and 6 months. And then he's going to enjoy all that money he hid. He can barely keep from laughing look at the smirk on his face.
That thumbnail tho 😂😂😂
Way to long. No one list mony.
But the J6 domestic terrorists get probabtion? SMH.
WHEN ARE WE GOING TO SENTENCE CORRUP CARREER POLITICIANS THAT GET RICH WITH CORPORATE MONEY?
Biden will just pardon him.
Had it been the elite who were ripped off this dude would have gotten life. Like medov
Don’t mess with rich peoples money.
Poor guy!
Should have used TRump’s lawyers. That seems to a sure-fire keep out of jail gambit
The years will go by quick