#FTX

A Manhattan judge ripped Sam Bankman-Fried as a “remorseless” scammer obsessed with political power as he sentenced the fallen crypto mogul to 25 years in prison Thursday — five months after he was found guilty of stealing more than $8 billion from customers of his now-bankrupt cryptocurrency exchange FTX. Judge Lewis Kaplan said the 32-year-old convicted fraudster “presented himself as the good guy” all in favor of “appropriate regulation of the crypto industry” — but it was just an “act.” “He did it because he wanted to be a hugely, hugely political influential person in this country,” Kaplan said, blasting him as “remorseless.” “He knew it was wrong, he knew it was criminal, he regrets that he made a very bad bet about the likelihood of being caught,” he continued, as Bankman-Fried stood in front of him with his hands clasped tightly at his waist. The disgraced crypto king was also ordered to pay more than $11 billion. Kaplan said his forfeited assets can be used to help fund the repayment. Read more at https://nypost.com/2024/03/28/us-news/sam-bankman-fried-faces-decades-in-prison-as-hes-sentenced-today-for-multi-billion-dollar-fraud/ #sbf #ftx #sentence #prison #sambankmanfried The New York Post is your source for breaking news, news about New York, sports, business, entertainment, opinion, real estate, culture, fashion, and more. Subscribe to New York Post Sports: https://www.youtube.com/c/nypostsports Catch the latest news here: https://nypost.com/ Follow The New York Post on: Twitter - https://twitter.com/nypost Facebook - https://www.facebook.com/NYPost