Sam Bankman-Fried sentenced to 25 years in prison for cryptocurrency fraud
Переглядів 58,949
Місяць томуFTX CEO Sam Bankman-Fried was sentenced to 25 years in federal prison for his role in a multi-billion dollar cryptocurrency fraud scheme. A jury convicted Bankman-Fried on all seven counts of wire fraud and conspiracy. NBC News’ Brian Cheung breaks down Bankman-Fried’s sentencing.
» Subscribe to NBC News: / nbcnews
NBC News Digital is a collection of innovative and powerful news brands that deliver compelling, diverse and engaging news stories. NBC News Digital features NBCNews.com, MSNBC.com, TODAY.com, Nightly News, Meet the Press, Dateline, and the existing apps and digital extensions of these respective properties. We deliver the best in breaking news, live video coverage, original journalism and segments from your favorite NBC News Shows.
Connect with NBC News Online!
Breaking News Alerts: link.nbcnews.com/join/5cj/bre...
Visit NBCNews.Com: www.nbcnews.com/
Find NBC News on Facebook: / nbcnews
Follow NBC News on Twitter: / nbcnews
Get more of NBC News delivered to your inbox: nbcnews.com/newsletters
#SamBankmanFried #FTX #Crypto
@96clarkey Місяць тому
He will get out in 10 years or so then he will become a sales guru selling a course...
@DistrustHumanz Місяць тому
Fed time, not state. At least 80%
@redfin382 Місяць тому
I'm sure he hid millions, so he'll probably live on an island somewhere.
@zeroin6718 Місяць тому
@@DistrustHumanzhell yea, dude is cooked. He gonna be sittin for a hot minute.
@CSAccetura Місяць тому
@@DistrustHumanz85
@samuelpankonien4084 Місяць тому
He isn't making it out bro . He's rich . When his money runs out he's gone
@tamicawoods8839 29 днів тому
I am really confident for this bullrun, MEV arbitrage is the way
@JamesjJacobus 29 днів тому
MEV! i am learning it
@daryneedarynee3126 29 днів тому
wow what is this about?
@danielspenceriii2365 29 днів тому
i did this last bullrun on ethereum network, very profitable
@rubincarey2166 29 днів тому
My easiest 2.5Eth was from Mev
@danielspenceriii2365 29 днів тому
really think arbitraging is flying?
@misterchris8916 Місяць тому
Ill do 2 years for him if he pays me 5 million dollars.
@MoonCricket-yr1xn Місяць тому
That's a good deal😅
@danhusterd6376 Місяць тому
Will you also drop the soap
@soc789 Місяць тому
People do 35 years of prison for that much money. It’s called a job.
@theredmenace2387 Місяць тому
You don't want to. You may well end up blind, crippled, or dead.
@Aw3someOpZ Місяць тому
Man’s willing to go to the booty house for that much; Everyone has a price.
@RebuttalRecords Місяць тому
The judge should have tacked-on an extra five years just for using Quickbooks to run a multi-billion dollar business.
@SuzNbhollenberry Місяць тому
😂
@Tankeryanker339 29 днів тому
But the quicken didn’t turn red
@RebuttalRecords 29 днів тому
@@Tankeryanker339 Quicken isn't the same as Quickbooks.
@VanessaBier-pc7yz Місяць тому
This is an injustice to people who lost all of their money. He will be out to live his lavish life and perhaps write a book
@paulrovira873 29 днів тому
He paid the Democratic Party he gave them millions of other peoples money. You are a hottie
@jaycee9153 29 днів тому
oh well, lesson learned
@ajossi 29 днів тому
You think he's gonna make it in prison?
@bmichael8187 29 днів тому
Idk, 25 years sounds like a long time.
@wyattrorick5285 29 днів тому
My got no he won’t trust ain’t no one gonna work with him when he out crypto in 25 years will he insaine so many new projects and he will be out of the game by a big time but I definitely still believe he has money stashed away on cold wallets
@Clara_linking Місяць тому
Just waiting for a youtuber to cover this so we can get some real information
@luislebron7433 Місяць тому
@coffeezilla
@FinishCarpentryTV Місяць тому
@@luislebron7433nah
@hihellokitty85 Місяць тому
He got off easy. He will not serve fulll term, unfortunately.
@GregLakatosChradm Місяць тому
The feds don't have parole.
@MoonCricket-yr1xn Місяць тому
He'll serve 80% of this time
@MoonCricket-yr1xn Місяць тому
@@GregLakatosChradmGreg lakatos sound like you're Hungarian
@MoonCricket-yr1xn Місяць тому
Well when does Sam beckman's ex-girlfriend going to jail😅
@relentless305 Місяць тому
ONLY POSSIBILITY IS TO APPEAL THE SENTENCE THERES NO PAROLE NO WORK RELEASE THERES NOTHING ONLY DOING 100 % OF YOUR DAYS. IS THE FEDS STATE PRISONS SHOULD BE LIKE THIS MAYBE PPL THINK ABOUT IT BEFORE DOING IT
@libiure Місяць тому
25 years for a con that only lasted a few years - fun fact - both of sam's parents are professors at stanford law university - wonder why they didn't give him any legal advice - like don't commit massive fraud ..
@karenmessinger9609 Місяць тому
Are the politicians who took advantage of the scam going to be punished as well?
@janejones8672 Місяць тому
No
@DouglasLippi Місяць тому
Amazing someone was actually held accountable.
@mariosanders1861 28 днів тому
😂😂
@theredmenace2387 Місяць тому
Couldn't happen to a better, more deserving guy. I wish him luck with his new husband.
@alejandroherrera5271 Місяць тому
👏👏👏👏👏 The only thing that sucks as those he stole from, won't get their money back.
@136jab Місяць тому
Most of them were rich, so I really don't care all that much
@markusanderson1517 Місяць тому
Brain donor .... @@136jab
@4sbel885 Місяць тому
@@136jaband were stupid enough to buy into crypto scams
@ryg2304 Місяць тому
Most of them were filthy rich. Why do you think the punishment was so steep?
@rishilpatel3404 29 днів тому
No they can definitely try to get their money back. Bernie Madoff’s victims have recovered 95 percent of their wealth.
@HippieRacing Місяць тому
That’s it? 25 years? Dude stole billions………. Madoff would have been thrilled with 20 years.
@TheBadmatter Місяць тому
Madoff didn't pay the right people lol
@redfin382 Місяць тому
Yeah that's crazy. Bernie got 150 years... How did this dude only get 25?
@user-bo3mp8un6c 29 днів тому
Gang murderers and child rapists get less than 10 years. In California the DAs won't even prosecute gang members. This is a huge sentence, I believe it's warranted but disproportionate
@kenc7120 Місяць тому
What happens to the millions he donated to crooked politicians?
@robertgworek2497 Місяць тому
Where probably spent on campaigns. Don't worry, those money have not disappeared.
@janejones8672 Місяць тому
They got to keep it
@artarm946 Місяць тому
25 years is a joke. If he serves all 25 years wichis is less likely, he will be out at 57. That is how you retire billionaire at 57
@CSAccetura Місяць тому
A federal sentence is mandatory 85% be served no matter what..
@daisyrosario3438 Місяць тому
Are the democrats going to return the money they received from his donations?
@RandyCapor Місяць тому
What do you think!!! The won the midterm elections on 100's millions Sam gave them and the media dropped covering it!
@E_X_H_U_M_E_D_06 Місяць тому
😂😂😂 there's always that one 🤡 making it political.
@DrBlood-cq2cm Місяць тому
Aaaaaaaand its gone.
@brandons9027 Місяць тому
Why? He is in prison and they got his money. Seems like a W to me
@JohnRangel-if2qm Місяць тому
@@E_X_H_U_M_E_D_06 this what they wake up and live for lol
@michaelivas3454 Місяць тому
He should have been given the max sentence for being a man with a hyphenated last name
@user-dy9bm7sk7n 29 днів тому
LOL.
@skankhunt-zh1mo Місяць тому
only 25 years and I bet when he gets out he will go get the millions of dollars he has stored somewhere
@susy590 Місяць тому
Well, since he has millions stored in the offshore accounts of the Democrat politicians he gave money to, he'll never see a dime.
@janejones8672 Місяць тому
This guy was handling billions of dollars, not millions
@ShakespeareCafe Місяць тому
This is 25 years playing tennis, golf and cards at Club Fed
@samuelpankonien4084 Місяць тому
U obviously don't know how prison works
@DJAngelShadows Місяць тому
bro it's federal prison not state prison--it'll be like a secure retirement home. @@samuelpankonien4084
@andreamckinney7500 Місяць тому
He donated to both parties.
@treehuggerdeluxe5598 Місяць тому
@@samuelpankonien4084you don't know how rich federal prisoners do time. Many are basically in halfway houses that are "prisons". They have a key to their own private room.
@jeanna7851 Місяць тому
Hes not going to the state pen@samuelpankonien4084
@jerryfitzhugh5198 Місяць тому
This is b.s. where are the restitution to all the people that got swindled. Class action law suit for all these people. Get the money back from all the politicians and any place else that can be tracked down.
@CSAccetura Місяць тому
Apparently it can be tracked down and returned and based on that alone MSNBCs Chris jansing believes this should not have been prosecuted as a fraud if prosecuted at all.
@kevinyoshida3586 Місяць тому
When it comes to crooked politicians unfortunately there's never a real investigation and the money somehow dissappears like a fart in the wind! 😮
@pibarrante6901 Місяць тому
Not long enough.
@robertboudah4630 Місяць тому
Where’s the money?
@trapaneezus Місяць тому
He'll do 10 in a nice, isolated cell with a TV, microwave, plenty of $$$ for commissary, probably has plenty of $$$ waiting for him when he gets out.
@DistrustHumanz Місяць тому
Fed time, not state. At least 80%
@Abdul-rj4xt Місяць тому
Just waiting for a youtuber to cover this so we can get some real information.
@DistrustHumanz Місяць тому
Hah!
@monicagrorud2225 29 днів тому
The lawyer parents expected 5 years for their son
@Swishersweetcigarilo Місяць тому
Thats all?!?! He should've gotten life. He ruined so many lives. People lost everything and committed suicide. Hes in bed with the democrats.
@shamilton1990 Місяць тому
Still kind of a light sentence for what he did. Still, glad he got locked up. People like him are why people don't like supporting new technology, especially currency.
@user-ec9rz7xh7e 29 днів тому
This has put me investing in cryptocurrency for life! 😭😭
@dealerofgame Місяць тому
This was the same guy who said he lived a frugal life
@mangafq8 29 днів тому
Frugal? Cuz he had poor taste in clothes wearing shirts and flip flops and a lousy barber?
@beblessed4020 Місяць тому
Where’s my money
@janejones8672 Місяць тому
Gone
@arnaldomontes5616 Місяць тому
Relatively lavish?????? Please, private jets, multiple real estate properties, unbridled spending on customer assets...........
@willbrink Місяць тому
Add a zero to that sentence.
@blakedesmond 27 днів тому
How many people’s lives did he destroy because of his greed? 25 years isn’t enough. People lost everything.
@writerconsidered Місяць тому
You go to jail from stealing from rich people. When companies steal from poor people they get a little fine if any punishment at all. And they tack that up to the price of doing business. Ergo the biggest crime in America is wage theft, when is the last time you saw a CEO go to jail for wage theft?
@pastorjohnculbertson661 Місяць тому
That young man will never be able to fart again 😅
@mikafiltenborg7572 Місяць тому
Scam Bankman Fraud - don't drop the soap!! 🧼🚿😁
@user-dy9bm7sk7n 29 днів тому
@@mikafiltenborg7572 Bubba is waiting :)
@Hi-Phi 28 днів тому
Lol.
@pastorjohnculbertson661 28 днів тому
@@mikafiltenborg7572 ukposts.info/have/v-deo/hmGiZ3uFbZl2u40.htmlsi=MLpkHurVfm2Zwqi8
@pastorjohnculbertson661 28 днів тому
@@Hi-Phi ukposts.info/have/v-deo/hmGiZ3uFbZl2u40.htmlsi=MLpkHurVfm2Zwqi8
@shawnwillis6496 Місяць тому
Is that all
@tishie42 Місяць тому
Meanwhile we have literal murderers going free without bail. This shows us exactly the only thing they care about. Money. We have been sold by these people. I'm tired of it.
@antonlemmy1417 Місяць тому
Sure it’s a long sentence but people who have murdered get less than this. There’s a huge difference in these crimes that’s not reflected in the sentence.
@user-dy9bm7sk7n 29 днів тому
The flow on of his actions will be felt for a long time by the people who lost retirement funds to this creep.
@sswcustomsewing4276 Місяць тому
Let's see how long he survives in prison.
@GregLakatosChradm Місяць тому
He's going to club fed.
@pete6705 Місяць тому
@@GregLakatosChradm I don’t think so, not with a sentence that long. I think he’ll do medium security, but in like 7 years he might be able to transfer to minimum security
@GregLakatosChradm Місяць тому
@@pete6705 Anything is possible but usually white collar crime goes to club fed.
@jeanna7851 Місяць тому
@@pete6705 he's doing federal time for white collar crime. He'll be fine
@pete6705 Місяць тому
@@jeanna7851 his sentence is too long for minimum security. He might get transferred to minimum security at some point but he’ll probably start off in a very tough prison
@saintfrancis9619 Місяць тому
Should of got 200 years
@BadDrucifer Місяць тому
The privilege got off with a light sentence again.
@Tanakun09 23 дні тому
25 years is a joke. Our court system is a joke and a failure
@DarkstarDarth Місяць тому
No electronic devices for 25yrs.... yikes!
@pibarrante6901 Місяць тому
They have access in club fed
@CSAccetura Місяць тому
To all of you saying he will be out in just a few years you need to realize a federal sentence makes you serve out 85% of the sentence no matter what
@jeanna7851 Місяць тому
80%
@CSAccetura Місяць тому
@@jeanna7851 besides it being a simple Google search I'm telling you from experience it is 85%
@michaelbrinks8089 27 днів тому
When a bunch of celebrities are on a TV commercial telling people they should buy a certain stock like FTX. What that really means is. If you own any of that stock, it's time to get rid of it asap.
@tbolton6156 Місяць тому
So, how come Elizabeth Holmes got much less time? Female perhaps? 🤔
@theindividualinvestor1 Місяць тому
The people she scammed should have known better. Elizabeth didn't scam a single mom and pop investor. Her victims all touted themselves as savvy institutional investors.
@rovermiles1 Місяць тому
Justice.
@ericheine2414 Місяць тому
On what island?
@haharrr7018 Місяць тому
He needs protection service if he were to be out. He disappears 10 years safely in Fed prison and probably most investors would not sue him and after he is out almost everyone would have forgot about him and he will disappear enjoying his stash of cash.
@DistrustHumanz Місяць тому
Fed time, not state. At least 80%
@yasinali3754 29 днів тому
25 years is nothing. NY law's just broken
@LeslieMariel. Місяць тому
DuIl BuII Coin gonna hit $10 in few days🔥
@user-ps1rk5my8u Місяць тому
😂
@i486DX66 Місяць тому
He donated a lot to Dems so I'm not surprised by the light verdict.
@E_X_H_U_M_E_D_06 Місяць тому
If it were a Republican nobody would say anything 😂 they'd make an excuse for them.
@user-uv2bd7ee3q Місяць тому
It's fraud, not murder lol. Wouldn't have matter who he donated to, it was going to end the same.
@ErikPT 27 днів тому
@@user-uv2bd7ee3qthis guy did worse than Enron. Mind you that nearly crashed the entire market this shows how justice is lenient on these crimes
@paullewis4134 27 днів тому
25 years is light to you?
@JackF99 26 днів тому
He donated a lot under the table to the Republican Party as well. He was simply covering all bases.
@aschkansabaghi4901 28 днів тому
Lost $30 billion not $10! He deserves 30 lifetimes in prison!
@aaroncort8460 Місяць тому
You said the Feds don't hand out parole, you need to study that for a minute, you get 54 days a year good time and that is all and you have to do 5 years parole when you get released, no choice of the matter, they can let you off parole early but usually not.
@bark1x Місяць тому
Still crazy that he gets 25 years for this yet people that murder get less time than thus.
@twoblacklabs904 Місяць тому
Are you actually “excusing” his years of crypto-FRAUD? You might be complicit to his scheme, you 🤡…
@jeanna7851 Місяць тому
That's my thought as well.
@thesummerland6165 28 днів тому
many people committed suicide, lost everything, his sentence is too lenient!
@MannyMaurice5348 29 днів тому
This judge should be totally ashamed of himself. A lot of innocent victims are once again victimized with the results of this sentencing. No justice at all for those with influence.
@treashurehunter800 Місяць тому
Just another call of duty Manchurian who reached level 33
@danasmith858 Місяць тому
Criminals get special treatments for sharing the money they stole
@YourSecretIsSafeWithMe Місяць тому
Why is he smiling?
@thuggerbae2531 Місяць тому
Wow what a joke 25 years 😢 praying for all his victims
@cynthiavargas1312 Місяць тому
That’s it?
@adancer3592 29 днів тому
Federal means you probably will be doing the whole sentence
@monicajaretzi1306 Місяць тому
Get ready for Blocksailor to develop exponentially!
@mangafq8 29 днів тому
He didn’t enjoy his lavish lifestyle???? On the private jet the chair didn't turn into a bed😢 His Mommy and Daddy are sad. I guess they should not have raised a thief.
@lostar1157 28 днів тому
Why does logan paul get to just apologize and go on free
@420thebass Місяць тому
Someone really really big , helped this kid
@rosaivanenko7466 27 днів тому
I believe that the victims should get their money back. Mostly ordinary people suffered. And I, too, suffered from these scammers.
@blackleague212 Місяць тому
“ crypto is secure” They said… “ crypto has block chains that show verified proof of transactions” They said… Where were you the day your crypto account was chopped in half?
@janejones8672 Місяць тому
No my crypto account went to zero
@Asi_de_bello Місяць тому
ALL ABOUT THAT DOLLAR…hope it was worth it!😢
@HattoriYakuza 28 днів тому
His last name literally could not be more on the nose 😂 We gotta get Mr. Guilty Serial-Killer on the news next and act surprised when we find him.
@micheledefazio5482 Місяць тому
He will never last in prison.
@definitionXrp 29 днів тому
Did he make luna crash?
@chevy454dg Місяць тому
That was fast 😮
@chillingspree3938 21 день тому
Kevin O’Leary should be sent to jail as well. 😤😤😤😤😤😤
@m4m4b0y2 Місяць тому
You know he has a crypto-wallet stuffed with bitcoin that's only going to grow while he sits in prison. He'll most likely be out in twelve years and he'll be a billionaire when his feet hit the street. His prison sentence is like a living savings account at the expense of the tax payer.
@DistrustHumanz Місяць тому
Fed time, not state. At least 80%
@Bell207B 29 днів тому
Why isn't Trump being tried and tossed in prison as fast as Sam? Why is Trump getting all these court delays and NOT in prison after being found guilty of bank and tax fraud in NYC? Get Trump in prison to protect honest Americans.
@Tacodip420 Місяць тому
Yea we will never know he locked up and not hidden on some private island. I don’t think Maxwell is locked up
@simonac688. Місяць тому
5-6 years max what a Genious 😳
@DistrustHumanz Місяць тому
Fed time, not state. At least 80%
@falconeyes9668 28 днів тому
Meanwhile, Bernie Madoff is looking up to him literally and figuratively.
@balamgomez6061 Місяць тому
Blocksailor's automatic algorithms offer a sense of security. Ready to explore further.
@user-kb1gk6ty2v Місяць тому
He'll serve 8 years then get out on parole....either that, or he'll appeal and win.
@CSAccetura Місяць тому
Federal sentencing requires no less than 85% of the sentence be completed no matter
@gaelbacavilchis8317 Місяць тому
Blocksailor's self-governance concept seems promising. Ready to delve deeper!
@DrBlood-cq2cm Місяць тому
His parents are in denial. Their brilliant little boy cant be guilty. Muttering something about not having access to evidence.
@mangafq8 29 днів тому
The entitled elites are a hot mess.😢
@user-rd6mx1mt7k Місяць тому
And he'll never spend 1 day in prison. He will be on an island somewhere relaxing for the rest of his life.
@GiftOfGabbyH Місяць тому
Anyone who dabbles in imaginary money is a fool. His original sentence was 5 years, the judge added 20 for that haircut
@DistrustHumanz Місяць тому
I agree. But, to be fair, the U.S. Dollar is imaginary, too.
@toadsauce8091 25 днів тому
Anyone else would’ve got life. I’m sure his donations had something to do with his light sentence.
@rafaelledezma9401 26 днів тому
What about the life’s he ruined? People lost everything
@L_AndresArtero-ns9pe Місяць тому
Blocksailor's $10 projection is intriguing. Time to analyze its market dynamics.
@FriendofMineralTown Місяць тому
Oh yeah I guess 5 is in between 25 and 100 years.
@treashurehunter800 Місяць тому
Ocean gate:Scott kilo foxtrot
@KaizenEnergyUS Місяць тому
Way to long. No one list mony.
@shandorkato Місяць тому
He won't have to be socially awkward now..... so don't worry about that.
@kxmode 29 днів тому
That reporter... "many people who had hundreds of thousands, millions of dollars in this trading platform." Also, "they were trying to make a few bucks off bitcoin." If a person invests "hundreds of thousands, or millions of dollars" in a trading platform, they are not aiming to "make a few bucks." They are seeking a substantial return on their investment. While they are victims, they were also pursuing significant financial gain on an unproven trading platform. The reporter's framing is deceptive. He's misrepresenting the level of investment involved with someone putting in "hundreds of thousands" or "millions of dollars."
@onethousandtwonortheast8848 Місяць тому
Poor guy!
@yatarookayama8329 Місяць тому
Moral lesson only invest in Legit - Top Crypto like Ethereum and Bitcoin 🤔🤔
@thesummerland6165 28 днів тому
countless lives destroyed due to this sociopath
@ey2611 Місяць тому
3end Airrry!!!!
@GregLakatosChradm Місяць тому
Sucks to be Sam.
@MrCapochannel Місяць тому
The years will go by quick
@pj2264 Місяць тому
Will be out after 3 years
@RalphDonaldson-dg8le Місяць тому
Even your cyrptocurrency is ZERO
Convicted rapist in Lousisana sentenced to physical castration in addition to 50-year prison sentenc
FOX 26 Houston
Переглядів 318 тис.
FLIP FLOP Hacks
Переглядів 11 млн
NBC News
Переглядів 99 тис.
KARE 11
Переглядів 8 тис.
CNBC Television
Переглядів 14 тис.
[FULL VIDEO] Police release bodycam footage of Monroe County District Attorney Sandra Doorley traffi
News 8 WROC
Переглядів 70 тис.
The Diary Of A CEO
Переглядів 3,7 млн
Forbes Breaking News
Переглядів 4,9 тис.
FLIP FLOP Hacks
Переглядів 11 млн