SBF Sentenced to 25 Years in Prison | Bloomberg Crypto
2024 ж. 27 Нау.
27 986 Рет қаралды
FTX co-founder Sam Bankman-Fried was sentenced to 25 years in prison for stealing billions of dollars from customers. US District Judge Lewis A. Kaplan delivered the sentence in federal court in Manhattan moments after Bankman-Fried said he was “sorry about what happened at every stage.” On this episode of "Bloomberg Crypto," O'Melveny Partner Rebecca Mermelstein, Crypto Council For Innovation CEO Sheila Warren, 'Number Go Up' Author Zeke Faux, Pallas Partners Partner Joshua Naftalis, and FTX Creditor Co-Founder Louis d' Origny, discuss the sentence and the crypto industry.
He gets 25 years. There are people who got 25 years who did far less, what a joke.
do you even comprehend how severe 25 years is? stop normalizing excessive sentences. your life is over. months in jail is huge. a year is life breaking. 25 isn't even possible to really comprehend. try to put yourself in that position
You are a joke! You don’t know a fkn thing.
@@gen-X-trader Its insane to give "football numbers" to a non violent offender when its not symbolic like Madoff. I freely admit I had a lot of schadenfreude a year ago but I just dont think this is right,he shouldnt have to forfeit his life,he cant recoup that while people can(and will) recoup a haircut. This is a lazy way out.
Yeah it is a joke. The message it sends is that if you are going to steal do it with white collar crime. If he had walked into a 7-11 and got $50 in an armed robbery he would have gotten more time. Is he going to get off time on good behavior? Supposedly should do 85% of the time.
As Sams defence said in court yesterday "Hes just a math nerd who is out of his dept". LOL
How does he even still have 11B dollars to forfeit? That makes no sense. His parents should also be charged in this case. Ridiculous, but not as ridiculous as Trevor Milton, found guilty of securities fraud well over a year ago, still on the streets after raking in a billion dollars with his Nikola scam.....and then sentenced to 48 months? Some judges can be bought.
Thats largely symbolic,he still has to pay largely symbolic sums out of his prison pay checks towards that sum though. The entire management team should be sharing this sentence instead of making one dude basically forfeit his life as a sacrifice to wall street.
Elizabeth Holmes had people depending on the largely fraudulent blood testing. It’s not clear to me that SBF was worse.
Thats because you have a moral compass I suspect.
this is not enough. he should rot in prison for the rest of his sorry useless life for all the harm he caused and blatant disregard for the law
Ya man he got off light. They should thrown thr book at his ass 200 years etc. No parole.
How is it that Caroline Ellison got off so lightly in comparison to SBF? They both behaved fraudulently, showed the same appalling disregard for the damage they were doing to investors.
She sang.
@@jeremymain7303 Yeah, she really dumped SBF in the dog poop.
Watren is right. Glad she talked about it, we give young people too much valor/ctedit when it hasn't been definitively proven whether they are deserving.
"Coffeezilla" needs his flowers.
Where was the SEC in all this mess
Same place they were in with Madoff. They’re a joke
they were taking bribes
who cares about SBF . jail him and throw the key. What I care is the peoples who lost their savings because of this crook.
Good morning America 🇺🇸
Rug pulling scumbags are probably at least a little relieved, that he got significantly less than the possible 110 years, just in case the justice hammer eventually falls on them, too.
Currently each US tax payer (or your children) owes $267K (rising each second) due to government spending more than it takes in. How much monetary damage did Sam inflict on his investors?
Not the same... debt can be used to increase gdp, therefore incomes. Also that money is given back to citizens in forms of services. It can be a bad investment, not a scam.
is that all ?
Why his parents not in jail....what a corrupt system
I was here. - BIG DATA DADDY
Gensler when working at MIT- worked for SBF’s Girlfriend’s FATHER!!! This goes way deep?!!
Most killers don't kill a 2nd victim & they Don't get to walk away
People are enraged at 25 years. Keep in mind that his life is over and at best he will be able to work at a fast food joint once hes out. These actions he took will haunt him to the grave. Plus the collaspe happened right after turning 30 which is suppose to be the start of your prime years for most men. His will eventually start experiencing a level of depression and anxiety he didn't know could exist due to an insane level of regret. I don't feel bad for him - I'm just saying.
Much more worried about our banking system. Now banks need to own over 10% of the money they use to make profits, that really does not belong to them. We need to move a way from that. Slowly but hopefully consistently.
He will likely be released after less than 10 years.
Only 25 years, wow, just wow, i wonder if it has anything to do with all the people he bought
25 years sounds reasonable in this case. Massive fraud and theft, but he didn't commit violent crime. A lot of times sentences are whack but this seems fair IMO.
Rich kids don't know patience?
STUPID question. What will he do in 25 years. Exactly what Black prisoners must do.
Kind hearted! How much you get? 😂😂😂
Damn, 25 years is no joke. Maybe he should get more, but some of you act like it's nothing. Dude is going to come out of prison with no friends, hair loss, gaping butth*le, exponential increase in anxiety, parents likely dead or on their death beds, still no social skills, and a world that already wants to forget him entirely. His only option is to write a book. I think he is getting what he deserves. Stay hard, SBF.
"Stay hard, SBF." Bad advice, that will sure lead to "gaping butth*le."
25 really maybe 10 but 25 this world is so weird
So glad to see this, i originally thought he would get away with it for donating stolen funds to democrats
Good 👍 judgement day
I think people are literally insane when you talk about 25 years as being light and if anything it's just a reflective of how punitive the American justice system is
there's always a fall guy....
Got off easy
What a joke…
What's wrong with you? 1st time white collar that committed crime???
😳