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so the sentencing is in.. and it seems he is getting 25 years. good(shoulda got longer)
obviously he will try and appeal it. but atleast he isnt going to get to play CEO again any time soon (he was hoping to be allowed to be free to get back to business to 'make everyone whole' unpunished)

this might make a few other scammers realise trading in crypto does not alleviate them of the law, a scam is still a scam no matter what the asset/value/currency is

Justice :) I will add it to my history book

Serves him right, with all the investors funds that he mismanaged and made them start all over again, he should be given 50 years, so that he will not think of running any business anymore. Because such person might still come out and decide to continue to scam more people.

I just hope that other people like him would learn from him, but it seems like scammers don't care about what has happened to the previous scammers, but they will still continue as long as they have not been caught. I am happy that Justice has been done to SBF.

He is even lucky to get a 25-year sentence after the whole thing; he should just accept it instead of trying to appeal his way out of it.

He is not supposed to get anything less than 20 years in prison so that he can also feel the pain that others who lost their money and lived as a result of his selfish decision feel.

 Bankman-Fried sentenced to 25 years for multi-billion dollar FTX fraud  (https://www.reuters.com/technology/sam-bankman-fried-be-sentenced-multi-billion-dollar-ftx-fraud-2024-03-28/)

I watched somewhere on the news where the parent made a statement, “We are heartbroken and will continue to fight for our son.” Is it that they don't know that their son is guilty or what, or are they using the love they have for their child to blind themselves to what's right?

25 years is less than the 40-50 years suggested by the federal persecutors, so he should not feel too bad. He is also to pay $11 billion in forfeiture, which will make him totally broke. At the end of his prison term, he would be 57 and would have a limited time to pursue his goals and ambitions. He is fortunate that he is not from some authoritarian nation that would have sentenced him to death or life imprisonment. The US has one of the best prison systems that give convicts the privilege of getting parole after some years. So it is possible he could get parole since the sentence is not without parole. But his parents said after the sentence that they would continue to seek justice for their son, which means the judgement will be appealed as soon as possible.

Throughout his trial, Sam Bankman-Fried has never accepted that he committed fraud or scam. He has always maintained that FTX went bankrupt because of a liquidity crisis. When he was lying to investors, living in luxury and giving donations like Santa Claus, he never knew that it was wasting other people's money.

This is good, their acts has has destroyed many people life's and they should be punished for that. However, if am not mistaken, I think this happened around November 2022 and till date the whole maters was conner sided (although is was still on investigation process then) but now it's already revealed to everyone that they are guilty of the crimes and they should serve the government for the tim/years that was given to them.
Just imagine how they ruined the live of the innocent people when they scammed them, now they have to start they investment from below, the age they have passed they still have to go back and continue from there (very bad).

@Nwada001
That's bad of them, the parents are supporting their child because they don't believe their children is already guilty of the crime committed. The USA judiciary system is very corrupt that's the reason why they always prolong the matters from 2022 till date.

When I hoped he'll go to jail (https://bitcointalk.org/index.php?topic=5422359.0), many thought he would remain free, that he was above justice because of all his political relations. I'm happy to see they didn't help. A 25 years sentence is more than I had wished. He's still a young guy, but he'll be old and broke when free. It's also quite likely he will still have plenty to pay back to the people he robbed, meaning that whatever job he'll get, part of his salary will be seized, and that he will remain poor for the rest of his life.

Tough for him, but good for crypto. This is an example to other crypto start-ups and exchanges. Now, they know that they have to behave, otherwise they'll end up in jail.

for details
https://www.courtlistener.com/docket/66631291/united-states-v-bankman-fried/?order_by=desc

count 1: 240 months (20 years)
count 2: 240 months (20 years)
count 3: 189months+51month (240 months (20 years))
count 4: 189months+51month (240 months (20 years))
count 5: 51month (4.25 years)
count 6: 51month (4.25 years)
count 7: 240 months (20 years)

so 1,2,7 served side by side at same time(concurrent) along with 189months of count 3&4
meaning majority of 5 counts of many years(91.5 years) served as one lump of 20 years

51 months of 3&4 and counts 5&6 served as another single lump after(consecutive) the 240 months single lump

so its actually more like 24 years and 3 months in total(24.25 years(291 months))
(personal opinion it should have all been consecutive)
20+20+20+20+20+4.25+4.25=108.5 years

The amount of fraud reached trillions, I think the sentence received by Sam Bankman was very appropriate, there was no intention to return consumer balances from the FTX market which was the judge's consideration in giving a sentence of 25 years in prison.
I felt a little relieved by what he got because he took responsibility for what he had done and I also lost a large amount on the FTX market.

Hopefully the punishment received by FTX founder Sam Bankman will be a lesson for future owners of exchanges or coin projects if they commit fraud and must be prepared to face the risk of being imprisoned for more than 25 years, maybe this will be very effective in providing a lesson for scammers in cryptocurrency.

The decision has been made and there will definitely be a lot of people who don't accept this, including myself because the punishment given for SBF's behavior is not really worth it and should be longer.
But in the end when the decision is made we can't push any further because in the end all parties just have to accept this.

But in a way I agree with what you said because in the end fraud is still fraud and this is precisely what is noticed because when the punishment for a big fraud like this is only sentenced to 25 years it will seem trivial with the results he gets in the end.
But hopefully this case is not like other scams where Do Kwon who also did the same thing and was arrested was released now. I hope the 25 years is really 25 years without any reduction in the sentence.

Definitely a low sentence, especially when compared to what Ross got. I'd say he scratched a couple of backs during his reign as "the king of crypto" and now he's being scratched back.
How many of you believe that he's going to spend 25 years in prison? I guess that his friends in high places are going to make sure he gets moved to a low security facility and then to a prison camp for good behavior, health problems, or whatever. Finally he'll be released early. I give him 10 years of actual prison at most and he's out enjoying private jets, yachts and all that.

I've read the comments and I am a bit surprised: my views are a bit more lenient and tolerant. I believe that financial crimes should cause FINANCIAL consequences/punishment. FFS, take all his money, ban him from doing business for life etc but I think 25 years in jail is an overkill. Just my subjective opinion.

my views are also that rapists and murders should get life that means life.. and those crimes should be hardened and made harsher first..
and then financial crimes dealt with less harshness below that.. but..

but when financial crimes then cause physical harm(people commit suicide due to losses caused by others) then added charges of manslaughter should be added to a financial crime and sentenced accordingly..
. but even without single suicide/death.. many people would have individually filed for damages of mental injury(stress, depression) which cumulatively would have added up to decades/centuries.. which would also then be fair..
and so when you read sentencing guidelines that have different timescale categories about numbers of victims, amount of value victimised.. you start to appreciate that they TRY to find a fair balance..

what i dislike is the whole concurrent policy vs consecutive or where "life" no longer means life

if he had 7 charges totalling 108 years.. that should be the end sentance

I am sure so many people are going to disagree with your opinion, the jail term serves as deterrent to others. If people know that they can run their business anyhow they like, misappropriate funds, commit fraud and use customers fund for their own benefit, and then in the end they get fined and banned from running their company, surely we would see the likes of sbf multiply.

Take note that financial crimes cause a lot of harm to the creditors or victims, some of which commit suicide because of the huge losses. I honestly expected sbf to get a stronger sentence, but yeah.

Only 25 years? The King of Shitcoins got off easy considering Bernie Madoff received a prison sentence of 150 years.

If I were the judge I would have given him a minimum of 75 years to make sure he will never be released to do it again.

With all of the ruckus he's made with people's money, I think as well that it should be longer.

No need to give figures but just have a verdict of a lifetime sentence and that's no negotiation needed to lessen it even with good conduct inside the prisons.

Is it possible that one of the victims will file something and request to prolong his sentence?

If the Fed seizes all his funds and property, what else do they want to use that for? If they can't channel those properties into funds, they can use all that to pay back some of the affected victims and not convert it into government assets if they have the intention of doing that.
 
Banning him from managing or having any business for the time being is also a good decision, as he has proven himself not to be trusted with public funds, and as such, he should be revoked of such access.

he did get 108.5 years. but the judge decided to do most of the sentence side by side(concurrently) instead of one after the other (consecutively)

The sentence may be lenient, but at least he's being punished here. I hope he won't go back to any business or manage any in the future. We know, a lot of investors suffered from this failed company. Now, people should be very cautious on where they will put their money into. Learn the lessons well, and remind yourself not to ride the hype.


We don't know the full basis of the judge how he came up with the sentence but for sure he had done his duty on how he got this sentence. Definitely, they have long hours studying this high-profile case. Consultations, discussions and a lot more have been done. So we can't judge the judge how he gave this sentencing for SBF.

These kind of people (big time scammers) are often have exit plans, it just it never work on Bankman, he is too obvious for that to not get an attention. Any businesses with frauds should be given punishment like this so people will unlikely to imitate them.

Even though the sentence isn’t as long as the victims would have wanted, 25 years is a long time and therefore would definitely leave a mark for the rest of his life. He was a billionaire and he’s got connections so I know for a fact that he wouldn’t be really suffering too much in prison but still the fact that he would be there jailed would be something that would make him feel a little of regret. Even after he comes out he would be followed everywhere by that 25 years.

I tend to agree with this statement, but frankly, scamming people, stealing money from their hard work, and wasting it on personal interests without caring about them or even thinking about ever regretting it deserves more years of financial crimes.

In my country, if it is related to a criminal event, it is likely that she will receive a life sentence. However, if it is fraud, it will be between 25 and 50 years for each accusation, but in most cases it is 5 years for minor charges and 40 years for public opinion cases. 25 years is a very lenient version, especially since the sentence It was 108 but that's what it is.

I am surprised how the ruling was made so quickly. Judicial rulings take an average of 5 years.

Does that mean those who lost a lot of money in the FTX Exchange will able to get their money back?

I saw a lot of people complaining about 25 years sentenced, some said it's not enough for Sam Bankman, it should be a lifetime, well that's their opinion.

Some still hoping they will get their money back.

They will receive money but at rates of cryptocurrencies in a bear market, 2 years ago. That is painful loss for FTX and SBF victims.

25 years sentence is too soft as months ago, speculation is about 100 years sentence for SBF. Will SBF receive reduction of his 25-years sentence after some years in jail?

If he gets reduced sentence and be free from jail after like 5 years, it's unfair for people lost money because of his scam.

People got forced liquidations lost their money forever.
People did not use leverages, did not touch Futures trading but were panic sold in a bear market and FTX fiasco, lost their capital forever.

Not surprised if this lenient sentence comes from lobbying efforts behind the scene by politicians.

I think that's about right. I was thinking 20-25 years. The 5-6 years the defense was asking for was completely absurd, but so was the like 50 years the prosecution wanted. 25 years I think is just right. He played fast and loose with financial laws, screwing over people's money, and ruined his life and won't get out of jail until his late 50s now (assuming no changes to his sentence or early parole) so he can still get out in time to have some sort of life much later in life, but at the consequence of completely screwing over his life with a quarter century in prison.

Perhaps it's a nice idea to sentence him to 25 years in prison as he didn't think he was going to have such a long year in there but to his greatest surprise the judge wasn't fair to him but did what was right. If he had gotten the length of sentence that a lot of people where suggesting I guess by now I he would have better been dead because most people with pain and anger proposed that he should be sentenced to 90 years, some wanted 60 years etc. and perhaps if had gotten this length it would have equally amounted to life imprisonment because his 32 already and that to 90years or 60 years is not a joke if only he would be alive to witness it.

In conclusion, the crime that got him into 25 years in jail is always commited regularly by different people in different areas of business but this will serve as a great warning to all exchanges CEOs or exchange it's self to stay away from such crime. Hence, some exchange will begin to up there games and be more careful this time.

He got the punishment which he deserved.

Now I hope that other scammers related to bitcoin community take this as a lesson and leave all the scams. Because the people affected by these scams are always general public who loose their hard earned money. Also, we as crypto users, should always report all frauds we come across during our involvement with some crypto project.

I remember back in Nov 2022 when he was seen walking around his Bahamas city pretending like nothing happened. Everybody was tweeting him “why aren’t you in jail yet?” And he basically thought that just by saying “sorry” in a twitter post was all it was going to take to keep him out of jail. He sure was wrong.

It also took a long time for them to finally arrest him. Took weeks if I remember correctly, he was doing interviews and everything during that time. People were furious. But the day finally came. Wonder what will happen to the other FTX managers who knew what was going on.

It's actually a welcome development, even though I wanted it to be more sevier like life in prison, because that actions will strike some fear into the minds of others, to think twice before defrauding people in the crypto ecosystem.

Another thing that to me should have been added to his punishment, which to me would have been really fair is, they would have seize all his money and asset,  then sell it off, and use that money in compensating most of the victim affected, it's just those that have committed suicide that I feel for the most, but to me, this 25year sentence is less punishment compared to the life's he has ruin.

i think all scammers believe that they are untouchable. The adrenaline of getting
your profit from multitude of scams would have your heart racing and excited and happy.
all scammers think superiorly of themselves and if they see other scammers being jailed,
they probably will just think that they are better than them. no other way to humble
scammers than having them caught.

You have a point, but SBF scammed their investors too much money, that is why he is receiving this sentence, but a scammer that scammed way less than that most likely can get away with it unless they really make a dumb mistake that expose completely who they are, however even if the sentence given was long I have no hopes at all that he will spend so much time in jail, I am sure his lawyers and his family will find a way to get him out of jail in 5 to 10 years, which considering all the money he stole and the consequences his victims suffered, it does not seems as if it is enough.

Yea, it shoulda be longer. Bernie Maddoff got more time. He should have received the 50 years max with no parole.

It's funny that he looks like the Prime Minister of my country - Irakli Kobakhidze

He is lucky that he got 25 years sentence after everything that he did with people's money. He is lucky that he will spend 25 years in the USA and not in Russia. If he was in Russia, he would suddenly fall out of the window or would get an unknown disease or would feel unwell and pass...
But another problem is that people don't learn from their mistakes and Cointelegraph published an article right now about how memecoin based on Sam Bankman-Fried pumps and dumps as he gets a 25-year prison sentence. One scam is not enough for people, they are looking for another, that's strange.

Well, in that case, I think that enough justice has been given to those who got large funds that year. Maybe even if Sam Bankman appeals, his appeal will not be able to do anything. It means that the amount of money he had didn't do anything either.

Justice really existed for the people who were victimized by SBF. I am happy for the people who were cheated and victimized by what Sam Bankman did. 25 years is quite a long time, and many things can change in that regard. Let's see and wait on that matter.

We need more convictions of crypto scammers because the crypto space still has a lot of crypto scammers running rampant all over the market, they're not scared that SBF is getting sentenced to 25 years, they know that they can never be caught but to be honest, there's just not a lot of people that want to try their hands on capturing these scammers. I believe that more examples is going to be the biggest thing that anyone can do to make a statement that crypto scammers aren't immune to prosecution, I just that SBF isn't the last person that's going to be indicted of these kind of crimes. It's a big news for us that want to see this criminal pay for what he's done. Looking forward to the Luna founder too being extradited in US and getting sentenced in the US.

Parents can't accept what's bad in their children even if it's proven. They might know he did something wrong, but they can't stand and watch him spend 25 years in prison without doing anything, after all, he is their child and parents love their children more than anything in the world.  :)

That being said, SBF getting the treatment he deserves will surely be an example in this industry for all industry leaders to not do things that SBF did, otherwise, you can end up spending the rest of your life in prison and the money you may earn through fraud and scams won't be of any use.

That's right, no matter how wrong their children are, parents will never abandon them. I feel happy that SBF was sentenced to 25 years in prison because his actions have caused so many people to suffer, and even suicide.

In addition, instead of just blaming SBF or any scammers, we should also look at ourselves, because if we are not greedy, we will not participate in projects that promise high interest rates, then no one will be able to cheat and take our money. Don't be too greedy and selfish when we want high profits while still being safe and protected by the law.

Welcome to America. Where people will act like they did not do anything. Where people will act like their son/daughter/relative didn't do anything against other people. :D
Kidding aside, both of his parents are experts, and correct me but one of them or both of them are lawyers but nevertheless, they can say that they will continue to fight for their son, but it has been served already.

Justice has been served? For 25 years, I think that it wasn't enough, but it's the judge's decision so.. I guess those who lost their money in the FTX fiasco must accept it. The question is when they will start to pay the $11 Billion dollar forfeiture that will be paid to those investors. Now that a crypto project owner has been sentenced to jail because of his fraudulent activities, I hope that this will create a domino effect towards other projects and will think twice if they will try and do what FTX also did or not. I mean we've seen Celsius, Gemini, Bitconnect way back 2018 and now FTX. I hope that there will be less and less scenarios like this that will happen in the future.

25 years for me isn't enough, but as long as the investors who lost their money will be repaid then it's all good. :)

This is indeed a great news and atleast restores some sort of faith in justice and I sure most of you will agree that he was assuming that he could escape the jail sentence and I just wish all his appeals get denied and this was really necessary to punish him because this should be an alarm for all other scammers in crypto domain or those who intend to do because they think government and justice system will not be involved.

I am sure that such terms are received by people with much smaller amounts of fraud. That's who will be dissatisfied with the verdict, comparing their misdeeds with the billions stolen by Sam. Nevertheless, 25 years—this is a quarter of a human life—let him be gnawed by the understanding that nothing can replace the freedom that he lost for 25 years.

Although he should have gotten more than 25 years in prison, the sentence brings some hope for investors that justice isn't totally alienated from what happens in crypto universe. This sentence will be helpful to intimidate potential scammers who are still running their schemes to not be so confident on the impunity. Besides Bankman Fried, Mashinsky from Celsius is also arrested and may also be sentenced to several decades in prison. Meanwhile, Celsius investors have already received about 33% of the scammed money back to their Coinbase accounts. What about FTX's users?

I just think these scammers should have their patrimonies seized in order to pay off the losses they caused to the users of their platforms.

Justice was served, although the prison term imposed could have been longer (many predicted this). SBF’s lawyers can still appeal this court decision (25 years), which will most likely happen. How will the FTX's injured clients react if the lawyers manage to reduce their sentences by several years?

Will this precedent serve as a lesson for scammers? Most likely, not much, because in the cryptoindustry there are opportunities to hit a very big jackpot and at first glance it seemed that SBF would be able to avoid punishment. There is little that can scare away scammers from the pursuit of big and easy money.

He would have learnt his lessons same as everyone of us to have our assets in our custody, but i wonder how the judgement of 100 years turns to be 25 years, aside this, this indeed will teach everyone a lesson that no one is above the law, but i just pity those that have already been a victim of this man mistakes, some are yet to recover from the downfall he has caused them till date.

I don't think that those two things are connected as SBF has been kicked out of FTX and bascially has nothing to do with it anymore.


Those who lost money in FTX will probably get portion of it back, but not everything. Probably something similar to what happened in Celsius case, but on a smaller scale.


Problem is that he will probably serve half of that amount, in a minimum security prison.

\

his parents have friends so he got a lighter sentence. and from what i heard he used the autism excuse, i don't know if it worked but maybe this is the result.

i still think the guy was used by Gensler. he isn't the real head of the criminal, Gensler knew him from the beginning. Sam doesn't look like he could plan it all but because he is the CEO, i guess the blame is on him.

BD seems to be a couple of hours behind WO, and there they not only announced the news first, but also expressed it in poetic form. I honestly doubted that that scumbag would get a long-term sentence, although 25 years seems like a long time to some, keep in mind that little Bankman will probably be out for a maximum of 15-16 years if not sooner.


https://www.talkimg.com/images/2024/03/29/VQiIH.png

I was expecting longer, he is lucky it is just 25years.
He is a big lesson to many other scammers hiding behind the title of CEO.

Justice was served appropriately and the victims of the treacherous act of Sam Bankman Fried be appropriately compensated with the siezed assets as the case may be. His act were very devastating as many lost huge amount of money as a result of his carelessness. Sentencing him should not just stop there, victims should also have their own say too.

I heard he was asked to pay some certain amount of money as well. Does that go in for the compensation or bail or what? I really need clarification on it because that amount of money mentioned could go a long way to see through the affected victims.

he actually got 108.5years in total for 7 charges. but had most of that time put beside each other rather than one after the other
thus in the end got a 78% discount compared to serving all the time one after the other

his parents want to have him file an appeal against this lenient sentence to try to get it cut down even more..
i think the best he can hope for is for the 24.25 years to also absorb 'time served' of the pre sentencing jail time
and maybe have the 3 year parole(supervised release) be absorbed. to get it down to 20 years in prison+3year parole out of prison (23 years start to end from today).

it would be funny if things are said in any appeal that actually made it worse for SBF whereby a judge undoes the 'concurrent' leniency's and instead evaluates that some of those concurrent sentences should be turned into consecutive sentences, to mean he has to serve longer time

He should be thankful for the American judicial system, 25 years is a slap on the wrist. He'll be out before you know it and start living his life. In countries like Turkey and South Korea, he'd have rot behind bars all the days of his life. Where I think they got it right is the payment of $11 billion dollars in forfeiture to the US government. From what I understand, he's not worth up to the said amount, and if he gets out of prison, he'll have to be paying the money until he clears it, which is very unlikely.

Yes, that's how the US Justice system is, minimum of 20 years, but I guess the judges just added 5 more years to the usual sentences that they gave. Turkey? yeah, you might be jailed for the rest of your natural life and then judges still going to add more sentence to you, like this case,

https://www.bbc.com/news/world-europe-66752785


And probably SBF is smiling inside for this light sentence and maybe he can go out early if he shows good behavior inside the jail.

People were calling for a more severe sentencing, that he should be handed 50 years, but I guess that we'll have to accept the 25 years imprisonment that's handed to him, for a scammer without conscience, it's people like him that makes other people to label the crypto industry as a den of scams and hacks. I hope that his sentencing will restore some level of trust in the crypto space, that it's criminals can be caught and prosecuted, and I hope that his sentencing will send a message to other scammers that the law will always catch up with them.

What a nice picture that tells all about Sam's life in jail without the need for words.
Guess who's cleaning the toilet and doing the laundry for the next 25 years. He's gonna be praying the crew is happy with that or some of these nice guys will try to turn him into his girlfriend. And if you think that's the worst that can happen then it's not. It's better to have one boyfriend than a different one every night.
It's going to be long 25 years... (I know he's going to get released much sooner, but still, I wouldn't take 10 in exchange for all his money).

Sam Bankman Fried should go to jail for a lifetime and should not accept appeal. It should, because other platform owners should learn they won't just skip with user funds. It's very unfair when we trade on an exchange and suddenly everything is gone. I am lucky I haven't used FTX; otherwise, I would have had to suffer like other users. After that story, it's become very hard to trust any centralised exchanges for storing funds there. However, this would be a lesson for platform owners and users as well. 

Sam Bankman Fried was responsible for a lot of people losing money, possibly a lot of people ended up taking their own lives because of everything he did...

  I think 25 years is not enough for all the evil he did, he should get life in prison... the harm he caused to people was impressive, it's much more than one man killing another man... The crime he committed was on a global scale, people all over the world suffered and still suffer because of it.

Going with that victim card, he and his gang seem to have an idea on how to at least lessen it and getaway with it. But even though, they're not able to get out of it completely and a lot of years have been given to them and we can see that justice is moving for the victims.

When SBF was still on the position, he used to give donations to political parties to influence them and it seem to worked that early for him. But this time, as the sentence is served to him, they can no longer used that influence and he's going to serve jail time.

Hmm, that's good to see him in prison for 25 years. 
 
I am very glad to see that another scammer has met his end. I think the prison sentence should have been a little less, at least 50 years because such people should not be pitied. This evil person has stolen money from many poor people and was going to live a luxury life on it, but God punished him for his bad work by doing justice. 
 

Yes, definitely, Many scammers will learn a lesson from this and will not think like the same person or any type of scammer in the future.

I am not a victim of FTX, so for me, 25 years is an appropriate sentence. It is enough to scare scammers, and it is not too heavy for Sam's future. It is a pity that Sam is a talented person, at least in terms of communication for the crypto market. I hope that while in prison, Sam will still be able to contribute to the development of the market in the role of a consultant for crypto projects or assist the police in investigating fraud cases in the crypto market.

Spoken like someone who hasn't been to jail. Jail isn't just a rapefest... He likely won't be touched unless he wants it. This whole culture of just forcing gay sex in jail is extremely rare and basically never happens. So sorry to burst your bubble, but his going to be 100% fine and out in half the time with a intact butthole.
 

I guess those who are secretly backing him up turned the 100 years around to 25years, believe it, they fought to turn down the sentencing to 25, its all they can do.

---

Sam has human blood on his head already, because few people took their life when they lost everything, I am sure that he will be dealt with not only in this earth but also in thr afterlife, I do hope that this strikes fear in the mind of others like him.

I have read a lot of comments om here, scam is a scam but no one is really free of sin, many people on here can or could have taken advantage of other people too, we are all sinners, and everyone deserves to ask for forgiveness.

I hope Sam has a change of heart and turns into a new leave, even if we acquire everything, it ends here on earth, we are not going to take them to heaven, Richy isn't something worth going the extra mile for, do the right thing and never trample on your fellow humans to get to any level, its not worth it.

You are pretty sure that US prisons are the exact opposite of what we have been shown for decades in many movies/series when it comes to the US. But I would not agree with that, not because I was in prison, but because people who are in prison are mostly very violent and they show that violence also through sexual abuse.

These guys in the picture don't look friendly at all, unless you think they ended up in jail for stealing beer and cigarettes from gas stations?

I mean what do you expect a parent to say? It's good that their son is going to jail? That's not going to happen, at least not frequently, the most common response would always be denying that your child commit the crimes people claim he did, and just figure out a way in your brain to make sure that he is innocent and it is something else to blame for whatever happened. It could be the market, it could be other investments, it could be bad friends, whatever it is, it's never their son.

However, court doesn't care about any of that, they check the evidence and it showed that he did something stupid, he could have been a very wealthy man if he kept going the good and legal route, he wanted more and that's why he is having all of this trouble.

Whether 25 or 100 years is ultimately irrelevant. His life is messed up and it's his own fault. I feel more sorry for the many people who have lost a lot of money through his scam. I wasn't affected myself, as FTX was rather suspicious right from the start to me. However, I know someone from my circle of acquaintances who lost crypto worth 160k euros. He only invested 12k of it himself (so the actual loss is limited), but these cryptos had risen sharply in recent years and he wanted to buy a house in the near future for his young family. This dream is dead now.

I'm laughing my ass off right now with that picture, that can't be the same dude that was attending the court wearing those swanky suits, that guy looks disheveled as the word disheveled can be, there's no way that he'll survive that long in that prison. I'm not speculating but he's either going to die there or as you've said he's going to be one of those inmates that would become a slave of the other inmates, no way around it, I hope that running away with the money was well worth it because that's the price that he's going to pay, such a sad thing though that he's the only one that's getting the bad luck, he's got a lot of accomplice don't he?

Oh, mate!  :'(
 
Let me tell you about this, I know a lot of people who have lost their lives due to the FTX collapse.
I feel so sucky when I read their story. How hard these poor people had earned money and invested in crypto by trusting FTX, but Bankmen did great cruelty and robbed the poor. 
 
There were many people who committed suicide and lost their lives over the FTX collapse.
In the below source, you can see how many people were forced to commit suicide by FTX, i.e., Bankman.

https://cryptopotato.com/indian-student-committed-suicide-after-becoming-a-victim-to-a-bitcoin-scam-report/?amp

Either he gets lucky and these guys decide that he's a walking bag of money and it's more profitable for them to befriend him than make him their b***h, or they just treat him like the awkward, childish guy that he is and make him a slave who does the laundry, cleans the cell, sucks c**** and all that. I really hope gets the second option because I have no respect for the guy, even though I had no money on FTX. I understand what people who lost money had to go through because that guy wanted to fuck his girlfriend on a terrace overlooking the Bahamas marina. If you don't know what I'm talking about google SBF Orchid penthouse. The guy literally bought a 35 million dollar apartment because he wanted to fuck looking at expensive boats.

You personally knew people that killed themselves over loosing money via FTX fiasco?


In the link you shared there is no mention of anything related to FTX/SBF causing suicides and instead tells a story of Indian student who decided to kill himself over $4200 he lost in some ponzi scheme. And no, he and anyone else who killed themsleves wasn't forced into it.

I love how he was treated fairly, height even do 15 years and would be reconsider, that's if the judges want to look at what he has done positively in the past and what his parent has done to help the United state. This sentencing will send a big message across the crypto space especially the so called scammers looking for opportunity to scam victims of their money, the government might not really like how things are been done here but they definitely watching and would used anyone as a scape goat to teach others some lessons.

As for the other scammers that don't care and feel they can continue to hide, there is nothing under the shadow that the sun will not see, nothing is anonymous in crypto, there is going to be an end user who will used that coin and will be traceable back to the origin of the scam and such person will be pick up without much stress. Even other centralized exchanges that are doing the same thing SBF has done would be afraid to continue henceforth.

Yep Boss, you said right, but maybe you didn't read out the whole article, right, The first one in it is the story of an Indian boy who committed suicide by losing funds, but boss, if you go down to the article in this link at the end of the article, you will be able to see it clearly. A boy resident of Eastern England has given a report on iNews in which he has regularly criticized his friend, saying that I myself lost $10,000 and my friend also lost funds in the same way, and after that he thought about committing suicide.
 
Apart from this, I also provide you with another link in which the incidents related to FTX are recorded, meaning the stories of the affected people have been reported.
https://amp.theguardian.com/technology/2022/nov/19/the-money-is-gone-people-who-lost-out-in-ftxs-collapse

Let's not get too imaginative and optimistic about what his fate will he get in prison, I think that the US prisons are always a brutal one which means that he's definitely going to get the same treatment and that thing about him having money means that he's going to be a target of a lot of extortions on the prison, that they're going to do what they do with new guys in prison, it's not a surprising thing for them to also extort these people. If I was the prisoner and I've been presented the opportunity to easily extort money from someone, it's probably an opportunity that I'm going to take, it's a no-brainer and I really don't like the imagination that he'd get off easy on this one, this man is still a criminal and a heinous one at that, just imagine the lives that he's ruined running away and stealing those money from the exchange, and with all that depravity that you've talked about, it's a disservice to wish this man a lighter consequence to his crimes.

25 years is a really big sentence. While I agree that prison time is needed to discourage others from committing similar crimes, I think financial punishment (huge fines, confiscation of assets) and financial reimbursement of victims is way more important in such crimes. After all, it's a non-violent crime, and forcing SBF to give his wealth away would be both useful and a good punishment, in my opinion. If there's a lot of real damage to the victims (mental health), it can be accounted for, and it can contribute to some prison time. But the news I've seen focus on prison time and don't mention financial consequences.

Its sucks Children of such people are also like that. That is, all this blame goes to the training of his parents that they did not train their son that it is not a good thing to cheat poor people and steal their funds and then lie in the court hearing. These people feel sorry for their children but not for these poor people, they were also the children of a mother, their parents must have been sad when their funds were stolen. Or their children committed suicide after losing funds.

I've come through this video Nas Daily Sam Fried Bankman interview (https://youtu.be/zgoLpOTUeCE?si=ex-1KnvMND-yTkhN). Watching this video, no one will find anything wrong with him. The beginning of the video begins with his thoughts of charity and doing good to the people. I think getting more and more money had deviated his thoughts, and he finally got this punishment. This needs to be a learning experience. So that no one will think of making money out of the poor people's hard earnings.

saying he was into charity. but then giving none = something wrong
saying he was into charity. but then using other peoples money to buy HIMSELF and PARENTS extra houses (note they were not homeless) is something wrong

as for him and the other altruists that claim they want to give away 95% of their wealth. .. when you look at their funding, they dont actually give away their wealth to poor/homeless/minority/disabled services(real charity stuff).., they just tax dodge to spend wealth on themselves and between themselves for other profitable projects each other has. to avoid tax

what they do is they set up a trust/foundation declared as a charity(but with no front line goodwill service) and when they make [lets say] $10billion they put 9.5b into the trust and not give it to actual charity. they instead call THEIR trust a charity/foundation and then invest that money to accumulate more. and they then take out their own management and business costs from that trust as ongoing services, and also personal expenses usually in the form of personal unconditioned loans to themselves so its tax free..(loans with no repayment plan are still loans. and loans are non taxable)

its basically a way to skirt around taxes whilst dangling a carrot around with empty promises of future charity.
and when it comes to "charity" its not real front line services to help the people in need. its instead "fundraising" and "donations" to other elite peoples foundation trusts they set up. so its just a money shuffle amongst the elites

just look at all the gala events and balls and auctions and such. when people pay $10k a seat. that is not a true charity donation.. thats just a tax write-off to shuffle money to their rich buddies foundation
welcome to laundering 2.0

This kind of people really need to be punished they deserved it, and not just this person but those person that is also doing wrong like scamming or taking advantage of those people who is not that illiterate in crypto currency, but sad reality not all people or organizations that scam people can be discovered or sued because some is being protected by authority or they are using authority to cover their nasty doings, I hope not just in crypto field but also in other aspect in society, those scammers or people who is committing fraud should be punshied fairly and deserved to be locked down in prison for too long. I once become a victim of scammers in crypto currency and I trusted those people but they are heartless and will never listen to what you will say even you said that money is hard earned and has something important to do.

He should be thankful that he is not in Russia. If he was in Russia, they would beat the hell out of him like they publicly did with crocus terrorists (I hope they caught real terrorists and not just random people). It's also curious but in Russia, people like him are often found dead, sometimes they accidentally fall out of the window or their airplane crashes. Yes, I know that's crazy but these strange things accidentally happen only in Russia.
By the way, if I was Norwegian and would spend time in Norwegian prison, I would probably wish to be in his shoes :D

Is that a real picture? Or a result of photoshop? I mean, how are those dudes so buffed up in prison, do they really eat lean meat, high protein / low carb diet?
By the way, was it really worth for Sam to do this for money? Look at his face, his every second will be a nightmare in that prison. No money worth for such a terrible experience that will last for years, Sam.

There is a name of the source, so you could check it - but as far as I know, it was published by a journalist whose name is listed as a source, and who supposedly has very good connections. The picture was published a few months ago, and supposedly the journalist was making a documentary in which one of the main characters is this guy whose face is not blurred.

Whether Bankman was in the picture by chance or not remains a question, but according to everything I have read, it is an original photo.

Sharing my sentiments regarding his jail time, pretty sure he deserves at least 50 at most, but I'm no law graduate nor a law student so I don't really know anything about the stipulations and all that shit. I'm just happy to see him rot in jail. Pretty sure the girlfriend who looked like that one character from Ice Age deserves her own set of jail time as well, but I'm guessing she's using SBF as a scapegoat so she can get away with the crime scot-free, even though she was an active accomplice and there were evidences of her being actively involved in the massive crime these two fucks and the sham of a company they created did.

As for being able to found his or be an executive for companies in the future, I would also like him to be barred from ever having a business ever again, and as much as that's fucked up I think he deserves it. If we can bar people from having access to the internet for even less, then maybe scammers like these shouldn't be allowed to set up their own business, nor use their infamy or likeness in the future to paint a narrative that would support yet another business venture they can use to scam people.

Finally happy that he's fucking one already, but this is just the start in cracking down against people who would think of crypto as a way to make money illegally. I once again share your sentiment, they are not exempt from the law.

He looks like a very shy guy at the party taking a photo with extrovert friends :D

There is a news about Sam, read this: Sam Bankman-Fried speaks out after sentencing: ‘I never thought what I was doing was illegal’ (https://cointelegraph.com/news/sam-bankman-fried-post-sentencing-statement).
Isn't it really funny? Guy says that he didn't have any idea about whether what he was doing was legal or illegal. He didn't ever intend to harm anyone, it wasn't his wish and how he feels haunted every day. He is a pathological liar. 25 years is too small for the loss that many people experienced because of his actions but if people that we see in photos are his inmates, then he will have an interesting time in prison. He might think about what he did and what mistakes he made, what was the cost of his debt.

technically everyone knows if you put a clause in a service agreement terms that mentions "you can also lose your investment aswell as gain" it sets customers minds up to realise they can be left with nothing, which fund managers can then use and abuse that statement for managers profit but customers loses.. however he didnt also include the clause "we will co-mingle/use customers funds for internal use" which would have protected him more... yep thats right a business can set its own standards of how it uses customers funds and get away with alot and it would become completely legal to do so.. but, SBF didnt set up the services terms and conditions to protect him further