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Bankman-Fried found guilty of massive crypto fraud


BenStark

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https://news.yahoo.com/former-crypto-tycoon-sam-bankman-002733975.html

 

Sam Bankman-Fried, the one-time cryptocurrency golden boy accused by US prosecutors of stealing billions of dollars of his customers' money, was found guilty on Thursday on all counts, and now faces up to 110 years behind bars.

 

Underlining the high level of interest in the case, US Attorney General Merrick Garland issued a statement after the verdict thanking prosecutors and the FBI for their "outstanding work in bringing Mr Bankman-Fried to justice."

"This case should send a clear message to anyone who tries to hide their crimes behind a shiny new thing they claim no one else is smart enough to understand: the Justice Department will hold you accountable," he said.

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Ever since the US tax donkeys and bureaucrats started to track and hunt US citizens having accounts in Switzerland, people are now loosing money as US residents have no choice but to be forced to put in their savinga in the USA and not in Switzerland . Switzerland that has the best banking in the world - crooked bankers obviously but at least they do not steal clients money like in the US and your cash savings are safe and guaranteed to a certain amount by the Swiss government.

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Sam Bankman-Fried faces over 100 years in prison at sentencing. Experts weigh in on how much time he’ll actually get

 

 

KEY POINTS
  • Sam Bankman-Fried could face more than 100 years in prison after being convicted on seven charges related to the collapse of his crypto empire.
  • Some legal experts predict he’ll get less than that, as federal sentencing guidelines are “sky-high.”
  • But others compare him to Bernie Madoff, who was sentenced to 150 years for defrauding investors in his Ponzi scheme.

Read more here:  https://www.cnbc.com/2023/11/04/sam-bankman-fried-sentence-could-be-100-plus-years-or-mere-decades.html

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