Sam Bankman Fried (scam banker fraud) 25 years

[uneng]

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.

[m2017]

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 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.

[Dunamisx]

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

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.

[Rikafip]

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

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.

Some still hoping they will get their money back.

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.

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.

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

[electronicash]

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

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.

\

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.

[Lucius]

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.

Goodbye, Sam Bankman-Fried
Though I never knew you at all
You were a curly haired scamming cunt
While those around you had a ball

They crawled out of the woodwork
And like you, they all belong in jail
You only got 25 years behind bars
But I'm so glad that we got to see you fail

And it seems to me you lived your life
Like a fart in the wind
Always smelling so bad
When the rain set in

And I'm glad I never knew you
You were just a cunt
You ended up behind bars
After your stupid stunts

[Queentoshi]

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)

I was expecting longer, he is lucky it is just 25years.

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

He is a big lesson to many other scammers hiding behind the title of CEO.

[CryptSafe]

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.

[franky1]

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)

I was expecting longer, he is lucky it is just 25years.

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

[sokani]

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.

[btc_angela]

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

A Turkish cryptocurrency boss and his two siblings have been jailed for 11,196 years each for defrauding investors of millions of dollars.

Faruk Fatih Ozer, 29, fled to Albania in 2021 with investor assets after his Thodex exchange suddenly collapsed.

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.

[Kelward]

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.

[darkangel11]

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).

[The Cryptovator]

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. 

[criptoevangelista]

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.

[tabas]

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.

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.

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.

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.

[GbitG]

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)

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. 
 

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

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.

[Vincom]

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.

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.

[Rabbitqt]

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

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).

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.
 

[Z390]

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

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 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.