Menu
Inshorts
For the best experience use inshorts app on your smartphone
inshortsinshorts
Sam Bankman-Fried sentenced to 25 years in prison for FTX Fraud
short by Darshan Baid / on Thursday, 28 March, 2024
Sam Bankman-Fried was ordered to forfeit more than $11 billion, and sentenced to 25 years in prison for defrauding customers and investors in the crypto exchange FTX. The sentencing hearing of Sam Bankman-Fried took place at the Manhattan Federal Court. Presiding over the hearing, Judge Lewis Kaplan declared that the former billionaire had committed perjury during his testimony trial.
read more at Youtube