https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiwDXoRlk7AuQHqSXTJftfoHCdJBzFFhBMigHsi1m5avTr87oJMKTCWbtEcNCB_0gX2xvB8KeC0zeAq3UJdn1Rv-3evDM3TJ-mf1z3C9Ic303jals3LKj6HsRR7Oc6P0fUH8jW-aQ_sAdcx7-b60cEQdLO8FNv48JfEwM82goDhaFk1qq9HPvKVpcC9lLfO/w640-h640/Screenshot_16.jpgFormer cryptocurrency billionaire Sam Bankman-Fried is facing between 40 and 50 years in prison due to crypto scamIn November 2023, Sam Bankman-Fried the CEO of FTX (cryptocurrency exchange), was found guilty of some really serious stuff. The charges against him was fraud, conspiracy, and money laundering. It's a big deal because the prosecutors say these crimes involved a ton of money and hurt lots of people, over a million, in fact.
The prosecutors think that Bankman-Fried came up with a plan to trick investors, customers, and lenders. They say this plan caused FTX to fall apart. That's a big accusation!
Because of how serious these accusations are, the prosecutors are asking for a really tough punishment. They want Bankman-Fried to spend between 40 and 50 years in prison.
Continue reading....
https://www.cryptocrit.xyz/2024/03/sam-bankman-in-prison.html