Former CEO of now-bankrupt FTX cryptocurrency exchange received 25 years in prison for masterminding the fraud that led to the collapse of FTXSam Bankman-Fried’s parents are in the courtroom to witness their son’s sentencing.Joseph Bankman and Barbara Fried are both law professors at Stanford University, the former of tax law and the latter of legal ethics. Bankman-Fried said they were not involved in “any of the relevant parts” of FTX’s operation. Continue reading…
Source link : https://www.theguardian.com/business/live/2024/mar/28/sam-bankman-fried-ftx-sentencing-live-updates
Author : Nick Robins-Early and Blake Montgomery
Publish date : 2024-03-28 16:04:56
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Sam Bankman-Fried sentenced to 25 years in prison for orchestrating $8bn fraud – live
