cdarwin, to cryptocurrency
@cdarwin@c.im avatar

-, once the CEO of and a billionaire wunderkind of the world, will be sentenced to prison time on Thursday in New York City.

Should the judge in his case impose the harshest penalty allowed, the 32-year-old would face more than 100 years and die an incarcerated man, a possibility his lawyer has called “grotesque.”

In advance of the hearing, lawyers for the US Department of Justice and for Bankman-Fried have engaged in bitter back-and-forth over how long of a prison sentence would be appropriate.
His lawyers have argued for a minimal sentence of just six years.
Prosecutors are advocating for 40-50 years for his “unmatched greed and hubris” in perpetrating the🔸 $8bn (£6.3bn) fraud.🔸

https://www.theguardian.com/business/2024/mar/25/sam-bankman-fried-sentenced-multi-billion-dollar-fraud?CMP=Share_iOSApp_Other

itnewsbot, to random
@itnewsbot@schleuss.online avatar

Sam Bankman-Fried Seeks Lenient Sentence and to Appeal Conviction - Since the disgraced cryptocurrency mogul was convicted of fraud last year, his supporters... - https://www.nytimes.com/2024/02/27/technology/sam-bankman-fried-fraud-ftx.html (brooklynny) (futuresexchange) (criminal) (1951-) -friedsam

itnewsbot, to random
@itnewsbot@schleuss.online avatar

The Best and Worst of Tech: Smartphones, Self-Driving Cars, More - The best tech, from universal power charging to foldable phones, solved practical problem... - https://www.nytimes.com/2024/01/10/technology/personaltech/tech-smartphones-self-driving-cars.html (futuresexchange) -friedsam

itnewsbot, to random
@itnewsbot@schleuss.online avatar

The Hot New Market in Crypto? Trading FTX’s Carcass. - Investors are spending hundreds of millions of dollars on FTX bankruptcy claims, betting ... - https://www.nytimes.com/2023/12/20/technology/crypto-trading-ftx-bankruptcy.html (futuresexchange) (law) -friedsam

itnewsbot, to random
@itnewsbot@schleuss.online avatar

The Hot New Market in Crypto? Trading FTX’s Carcass. - Investors are spending hundreds of millions of dollars on FTX bankruptcy claims, betting ... - https://www.nytimes.com/2023/12/20/technology/the-hot-new-market-in-crypto-trading-ftxs-carcass.html (futuresexchange) (law) -friedsam

gualdo, to TeslaMotors Italian
@gualdo@mastodon.uno avatar

Il Podcast Tech Won't save us ha fatto un sondaggio sul soggetto peggiore del mondo "Tech" con il metodo delle sfide dirette

Ai blocchi di partenza 32 partecipanti, tra cui Bill , Sam , Marck , Satya , Sam -Fried, Jack , Linda .

In finale sono arrivati Jeff ed Elon

Non è difficile immaginare il vincitore...🙃

Comunque qui abbiamo il tabellone:

itnewsbot, to Bitcoin
@itnewsbot@schleuss.online avatar

The Power Vacuum at the Top of the Crypto Industry - A year ago, Sam Bankman-Fried and Changpeng Zhao ran two of the largest crypto companies.... - https://www.nytimes.com/2023/12/11/technology/crypto-industry-power-vacuum.html (futuresexchange) (1983-) (currency) -friedsam

itnewsbot, to random
@itnewsbot@schleuss.online avatar

Sam Bankman-Fried Was a Grown Up Criminal, Not an Impulsive Man-Child - Investors bought into the perception of the FTX founder as an unkempt boy genius. The jur... - https://www.nytimes.com/2023/11/03/nyregion/sam-bankman-fried-ftx-trial-cryptocurrency.html (futuresexchange) (manhattanny) -friedsam

itnewsbot, to ArtificialIntelligence
@itnewsbot@schleuss.online avatar

Silicon Valley Shrugs Off Sam Bankman-Fried’s Trial - Tech investors lauded Mr. Bankman-Fried and helped fund his FTX crypto exchange. The tech... - https://www.nytimes.com/2023/11/02/technology/sam-bankman-fried-silicon-valley.html (futuresexchange) -friedsam -ups

itnewsbot, to random
@itnewsbot@schleuss.online avatar

Sam Bankman-Fried’s Wild Rise and Abrupt Crash - The crypto king gambled that his trading platform would make him a benevolent trillionair... - https://www.nytimes.com/2023/11/02/technology/sam-bankman-fried-rise-crash.html (futuresexchange) -friedsam

itnewsbot, to random
@itnewsbot@schleuss.online avatar

Sam Bankman-Fried Is Found Guilty of 7 Counts of Fraud and Conspiracy - The case against the founder of the failed FTX exchange had come to symbolize the excesse... - https://www.nytimes.com/2023/11/02/technology/sam-bankman-fried-fraud-trial-ftx.html (futuresexchange) (1994-) -friedsam (gary)

itnewsbot, to random
@itnewsbot@schleuss.online avatar

Jury Begins Deliberations for a Verdict in Sam Bankman-Fried’s Trial - The trial for the founder of the collapsed FTX cryptocurrency exchange has moved more spe... - https://www.nytimes.com/2023/11/02/technology/sam-bankman-fried-ftx-jury-deliberations.html (futuresexchange) -friedsam

itnewsbot, to random
@itnewsbot@schleuss.online avatar

Sam Bankman-Fried Built FTX on a ‘Pyramid of Deceit,’ Prosecutor Says - The criminal fraud trial for the founder of the FTX crypto exchange has reached closing s... - https://www.nytimes.com/2023/11/01/technology/sam-bankman-fried-ftx-trial.html (futuresexchange) -friedsam

itnewsbot, to random
@itnewsbot@schleuss.online avatar

Sam Bankman-Fried Denies Knowing FTX Money Was Missing, as He Concludes Testimony - The founder of the FTX crypto exchange was grilled by a federal prosecutor for a second d... - https://www.nytimes.com/2023/10/31/technology/sam-bankman-fried-testify-ftx-money.html (futuresexchange) (1994-) -friedsam

itnewsbot, to random
@itnewsbot@schleuss.online avatar

Prosecutors Turn Sam Bankman-Fried’s Own Words Against Him - Asked during his cross-examination about his public statements and how he ran his crypto ... - https://www.nytimes.com/2023/10/30/technology/sam-bankman-fried-fraud-trial-cross-examination.html (futuresexchange) -friedsam -ups

itnewsbot, to random
@itnewsbot@schleuss.online avatar

Sam Bankman-Fried Testifies That He Made ‘Larger Mistakes’ at FTX - Speaking in his own defense at his criminal trial, the FTX founder denied he had committe... - https://www.nytimes.com/2023/10/27/technology/sam-bankman-fried-testifies-ftx.html (futuresexchange) -friedsam -ups

itnewsbot, to Hair
@itnewsbot@schleuss.online avatar

The Shearing of Sam Bankman-Fried - The disgraced crypto king, on trial for financial fraud, takes the stand. But his hair te... - https://www.nytimes.com/2023/10/27/style/sam-bankman-fried-hair-style-trial.html #hkftxtradingltd(futuresexchange) #fraudsandswindling #your-feed-fashion #bankman-friedsam #suits(apparel) #dresscodes #hair

itnewsbot, to random
@itnewsbot@schleuss.online avatar

The Challenges Facing Sam Bankman-Fried’s Lawyers - They are set to start their defense on Thursday, with the FTX founder planning to testify... - https://www.nytimes.com/2023/10/25/technology/sam-bankman-fried-trial-defense.html (futuresexchange) (1994-) (1984-) -friedsam

itnewsbot, to random
@itnewsbot@schleuss.online avatar

Sam Bankman-Fried Set to Testify at His Fraud Trial - The FTX founder’s plan to take the witness stand sets up a dramatic few days of testimony... - https://www.nytimes.com/2023/10/25/technology/sam-bankman-fried-testify-fraud-trial.html (futuresexchange) -friedsam

itnewsbot, to random
@itnewsbot@schleuss.online avatar

Sam Bankman-Fried Set to Testify at His Fraud Trial - The FTX founder’s plan to take the witness stand sets up a dramatic few days of testimony... - https://www.nytimes.com/2023/10/25/technology/sam-bankman-fried-set-to-testify-at-his-fraud-trial.html (futuresexchange) -friedsam

itnewsbot, to Albany
@itnewsbot@schleuss.online avatar

Sam Bankman-Fried’s Trial Reveals New Details of How FTX Died - Prosecutors in the criminal fraud case have built the most intricate account to date of t... - https://www.nytimes.com/2023/10/20/technology/sam-bankman-fried-trial-ftx-collapse.html (futuresexchange) (newprovidencebahamas) (1994-) -friedsam (gary)

itnewsbot, to newyorkcity
@itnewsbot@schleuss.online avatar

Crypto Influencers and ‘Degenerates’ Flock to Sam Bankman-Fried’s Trial - The presence of crypto YouTubers, podcasters and commentators at the FTX founder’s fraud ... - https://www.nytimes.com/2023/10/20/technology/crypto-influencers-degenerates-sam-bankman-fried-trial.html (futuresexchange) (nfts) (1994-) -friedsam

itnewsbot, to random
@itnewsbot@schleuss.online avatar

New York Attorney General Sues Crypto Firms in $1 Billion Fraud Case - Letitia James has accused Gemini Trust, Genesis Global Capital and Digital Currency Group... - https://www.nytimes.com/2023/10/19/business/cryptocurrency-lawsuit-new-york-winklevoss.html (civil) -friedsam

itnewsbot, to random
@itnewsbot@schleuss.online avatar

Caroline Ellison, Star Witness in Sam Bankman-Fried Trial, Says He Made ‘Terrible Mistakes’ - Mr. Bankman-Fried’s lawyers sought to poke holes in Ms. Ellison’s testimony, but her acco... - https://www.nytimes.com/2023/10/12/technology/caroline-ellison-sam-bankman-fried-trial.html (futuresexchange) (1994-) -friedsam -ups

itnewsbot, to random
@itnewsbot@schleuss.online avatar

Sam Bankman-Fried’s Closest Friends Become His Foes in Courtroom Clash - The FTX founder’s criminal trial has made clear just how much his inner circle has turned... - https://www.nytimes.com/2023/10/12/technology/sam-bankman-fried-friends-witnesses.html (futuresexchange) (1994-) -friedsam (gary)

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