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"FTX founder Sam Bankman-Fried Punishment and Fine":🫣
KEY POINTS🔥🔥
🔴 FTX founder Sam Bankman-Fried was sentenced to 25 years in prison for the securities fraud conspiracy that doomed his cryptocurrency exchange and a related hedge fund, Alameda Research.
🟠 Bankman-Fried also was ordered to pay $11 billion in forfeiture at the sentencing in Manhattan federal court.
🔵 "There is a risk that this man will be in position to do something very bad in the future," Judge Lewis Kaplan said.
Disclaimer: Includes third-party opinions. No financial advice. See T&Cs.
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