Federal judge Lewis Kaplan has sentenced former FTX crypto wiz and Democratic moneyman Sam Bankman-Fried to twenty-five years in the slammer. For the peculiar, truly twitchy criminal who was convicted of securities fraud after bankrupting his cryptocurrency exchange and a mutual fund, it has to be a victory of sorts, as prosecutors were out for a term of 40-50 years. For all SBF’s lawyers argued that he deserved no more than five years or so in the hoosgow by virtue of that same innate oddness, the judge was having none of it.
This felonious freak, the judge basically said, would do it all over again in a heartbeat.
FTX founder Sam Bankman-Fried was sentenced to 25 years in prison on Thursday for the massive fraud and conspiracy that doomed his cryptocurrency exchange and a related hedge fund, Alameda Research.
The sentence in Manhattan federal court was significantly less than the…
