Fraudster, Dem Megadonor Sam Bankman-Fried Sentenced To Prison

Former billionaire entrepreneur and FTX founder Sam Bankman-Fried was sentenced to 25 years in federal prison on Thursday after he was found guilty in November of seven counts, including wire fraud and conspiracy to commit wire fraud, crimes that cost customers and lenders billions of dollars.

New York Judge Lewis Kaplan slapped Bankman-Fried, also known as SBF, with 25 years after prosecutors said the 32-year-old should face a sentence between 40-50 years, CNN reported. The judge found that following the collapse of the former billionaire’s cryptocurrency empire, investors, lenders, and customers lost more than $10 billion.