Ouch!

Author

Date

Category

Prosecutors Recommend up to 50-Year Prison Sentence and $11,000,000,000 Money Judgment for Sam Bankman-Fried

Prosecutors are recommending that disgraced FTX founder Sam Bankman-Fried serve decades behind bars as well as be ordered to pay a staggering $11 billion money judgment.

In a new court filing, the prosecutors in the case say that while the guidelines recommend a sentence of up to 100 years – which is effectively a life sentence for the 32-year-old former chief executive – they are only going to advocate for a sentence of 40-50 years instead.

“The Government urges the Court to impose a sentence that underscores the remarkably serious nature of the harm to thousands of victims; prevents the defendant from ever again committing fraud; and sends a powerful signal to others who might be tempted to engage in financial misconduct that the consequences will be severe.

A sentence of 40 to 50 years is necessary to serve such purposes.”

Furthermore, the prosecution says that Bankman-Fried should be ordered to pay a fine of over $11 billion, a sum they described as being a conservative amount.

“At sentencing, the Court should impose a money judgment of $11,020,000,000, along with forfeiting the defendant’s interest in the specific property listed in the preliminary order of forfeiture submitted as an exhibit to this memorandum.

Such a money judgment represents the appropriate measure for forfeiture, under the facts and under the law; indeed it is a particularly conservative sum.”

Bankman-Fried was found guilty late last year of defrauding investors and mishandling billions of dollars worth of customer funds related to the multi-billion-dollar downfall of crypto exchange FTX in November 2022.

Previous article
Next article

10 COMMENTS

  1. …….”A sentence of 40 to 50 years is necessary to serve such purposes”……

    In Godzone, once he’d found an iwi to reconnect to & a sympathetic cultural report, he’d get two years converted to 12 months home detention.

    6

    0

  2. That is so unfair..
    They keep locking up the jews.
    Epstein, Ghislaine Maxwell (daughter of Robert; him born Ján Ludvík Hyman Binyamin Hoch) ,
    Weinstein, Bernie Madoff with ya dosh,
    Julius and Ethel Rosenberg, David Greenglass, Harry Gold (Heinrich Golodnitsky ) ,
    Rodney Adler

    This is so anti-semitic !!!!

    They are sooo oppressed and then the US goo-mint does this.
    More sufferings through the millennia.

    3

    0

  3. Mumsy
    Barbara Fried

    wiki
    She has investigated such topics as contractualism, libertarianism, and utilitarianism,[8] and is considered an
    >> expert on legal ethics
    ..well, she fucked up there
    —————
    Her academic work centers on a branch of ethics known as consequentialism, or the idea that the results of our actions are
    >> more important than abstract notions of right and wrong
    —————————
    Fried is a co-founder of the political fundraising organization Mind the Gap, which advocates support for Democratic Party candidates and funds get-out-the-vote groups.[15] The organization, described by Vox in January 2020 as “Silicon Valley’s secretive donor group”

    …Ah ha – down and dirty with the Demonrats. Quelle Surprise !
    ——————

    Fried’s partner is Stanford Law School professor Joseph Bankman, whom she met in 1988 while teaching at Stanford.
    >> The couple did not marry because they felt it was unfair to gay couples who could not legally marry.

    Ah, isnt that nice, dear. Thinking of the poofs.

    5

    0

Recent posts

More UN Bullshit

Have Your Say

More For The TDS Idiots

Have Your Say

Recent comments

Starving Artist on Have Your Say
waikatogirl on Have Your Say
Francis on Have Your Say
Private Godfrey on Have Your Say
DylanHunt on Have Your Say
DylanHunt on Have Your Say
Sooty on Have Your Say
Editor on Have Your Say

Pike is our weekly review of the most popular posts and comments seen on YSB in the past week.
Hamilton
overcast clouds
12.8 ° C
13 °
12.8 °
93 %
4.1kmh
98 %
Fri
13 °
Sat
12 °
Sun
14 °
Mon
13 °
Tue
13 °
NZD - New Zealand Dollar
USD
1.6337
EUR
1.7841
AUD
1.1054
CAD
1.1973
GBP
2.1204
JPY
0.0104
CNY
0.2253
INR
0.0196