Sam Bankman-Fried Sentenced to 25 Years in Prison For Crypto Fraud Case
FTX founder Sam Bankman-Fried is going away for a long time ... the judge hit him with a 25-year sentence for scamming customers and investors in his federal cryptocurrency fraud case.
Judge Lewis Kaplan handed down the hefty sentence Thursday in Manhattan, and although he didn't order restitution -- due to the large number of victims impacted by SBF's biz -- the judge did order a forfeiture of more than $11 billion.
Explaining the lengthy sentence and fine, Judge Kaplan said ... "This man will be in a position to do something very bad in the future, and it’s not a trivial risk.”
The sentencing comes 4 months after Sam was found guilty of seven counts of fraud, money laundering and conspiracy.