Diamond Member Pelican Press 0 Posted March 28 Diamond Member Share Posted March 28 FTX founder in New York federal court FTX founder Sam Bankman-Fried faces sentencing Thursday in New York federal court for a massive ****** *********** that led to the collapse of his cryptocurrency exchange and a related hedge fund. Federal prosecutors want Bankman-Fried sentenced to between 40 to 50 years in prison. His defense team asked Manhattan federal court Judge Lewis Kaplan to sentence him to much less than that, between five and six-a-half years behind bars. Kaplan presided over the trial, which ended in November when a jury found Bankman-Fried, 32, guilty of seven counts and held him responsible for the roughly $10 billion of customer deposits that went missing in 2022. The charges included wire ****** and *********** to commit wire ****** against FTX customers and against lenders to sister hedge fund Alameda Research; *********** to commit securities ****** and *********** to commit commodities ****** against FTX investors; and *********** to commit money laundering. FTX’s former CEO and founder Sam Bankman-Fried’s mother, Barbara Fried (L), and his father, Joseph Bankman, arrive at Manhattan Federal Court for his sentencing at Manhattan Federal Court in New York City on March 28, 2024. Timothy A. Clary | Afp | Getty Images This is the hidden content, please Sign In or Sign Up Breaking News: Technology,FinTech,Technology,Cryptocurrency,Bitcoin,Energy,Collusion,Securities ******,***********,******,Laws,business news #FTX #founder #York #federal #court This is the hidden content, please Sign In or Sign Up Link to comment https://hopzone.eu/forums/topic/8261-ftx-founder-in-new-york-federal-court/ Share on other sites More sharing options...
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