Sam Bankman-Fried’s sentence of 25 years puts him in the same league as other well-known financial fraudsters, including, clockwise from upper left, Bernie Madoff, Lawrence Duran, Bernie Ebbers, Allen Stanford and Jeffrey Skilling. – MarketWatch photo illustration/Getty Images With a sentence of 25 years in prison, Sam Bankman-Fried joins a list of notorious white-collar criminals […]
Sam Bankman-Fried’s family begged for leniency ahead of his upcoming sentencing. His lawyers suggest a 6.5-year sentence, calling the probation office’s 100-year recommendation “barbaric.” His parents warned prison could lead to violence given his poor ability to comprehend social cues. Sam Bankman-Fried’s family members begged the judge who oversaw his criminal trial to give him […]
Probation officers have recommended a 100-year prison term for FTX founder Sam Bankman-Fried. “That recommendation is grotesque,” Bankman-Fried’s lawyer, Marc Mukasey said on Tuesday. Mukasey said Bankman-Fried’s sentence should instead be between five to six-and-a-half years. Sam Bankman-Fried’s lawyer thinks that the probation office has gone too far with the punishment they want to mete […]
After reportedly receiving millions of dollars in cash gifts, the parents of disgraced crypto exchange CEO Sam Bankman-Fried are desperately trying to hold on to their FTX wealth at all costs. It all began when Bankman-Fried’s crypto empire FTX collapsed in spectacular fashion in late 2022, leading to his arrest and being found guilty on […]
Joseph Bankman and Barbara Fried, the parents of Sam Bankman-Fried, have asked a court to dismiss a lawsuit by the bankrupt cryptocurrency exchange FTX seeking to recover funds it alleges were fraudulently transferred. FTX sought to “recover millions of dollars” from Bankman and Fried in Sept. 2023. Less than two months later, their son, Bankman-Fried, […]