Sam Bankman-Fried sentenced to 25 years in prison, judge rips him as power-obsessed scammer

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/nypostsportsCatch the latest news here: https://nypost.com/Follow The New York Post on:Twitter - https://twitter.com/nypostFacebook - https://www.facebook.com/NYPost