Not a bad gig---$8 billion over 25 years!
NEW YORK — Sam Bankman-Fried was sentenced to 25 years in prison by a judge on Thursday for stealing $8 billion from customers of the now-bankrupt FTX cryptocurrency exchange he founded, the last step in the former billionaire wunderkind's dramatic downfall.
U.S. District Judge Lewis Kaplan handed down the sentence at a Manhattan court hearing after rejecting Bankman-Fried's claim that FTX customers did not actually lose money and accusing him of lying during his trial testimony. A jury found Bankman-Fried, 32, guilty on Nov. 2 on seven fraud and conspiracy counts stemming from FTX's 2022 collapse in what prosecutors have called one of the biggest financial frauds in U.S. history.
"He knew it was wrong," Kaplan said of Bankman-Fried before handing down the sentence. "He knew it was criminal. He regrets that he made a very bad bet about the likelihood of getting caught. But he is not going to admit a thing, as is his right."
So----that works out to be a take of $320 million/yr for 25 years---who says crime doesn't pay 
To add insult to injury---he got payment in full up front and now gets 25 years of free room and board on top of the $8 billion 
Last edited by Dave Grubb; 03-28-2024 at 11:40 AM.
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