Tag: FTX

FTX founder Sam Bankman-Fried appeals fraud conviction, 25-year prison sentence

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[ad_1] Sam Bankman-Fried, the founder of bankrupt cryptocurrency exchange FTX, arrives at court as lawyers push to persuade the judge overseeing his fraud case not to jail him ahead of trial, at a courthouse in New York, August 11, 2023. Eduardo Munoz | Reuters A lawyer for FTX founder Sam Bankman-Fried on Thursday filed a notice of appeal of his federal fraud and conspiracy conviction and his 25-year prison sentence. Bankman-Fried’s appeal came two weeks after he was sentenced in U.S. District Court in Manhattan and ordered to pay $11…

Sam Bankman-Fried sentenced to 25 years over role in FTX collapse

ichitra.digital

[ad_1] Sam Bankman-Fried sentenced to 25 years over role in FTX collapse – CBS News Watch CBS News Sam Bankman-Fried was sentenced to 25 years in prison for his role in the sudden collapse of the FTX crypto exchange. Prosecutors say he defrauded customers out of more than $8 billion, one of the largest financial crimes in U.S. history. Errol Barnett reports. Be the first to know Get browser notifications for breaking news, live events, and exclusive reporting. Not Now Turn On [ad_2] Source link