Article Image

IPFS News Link • Courtroom and Trials

"I'm Sorry" - FTX Founder Sam Bankman-Fried Sentenced To 25 Years In Prison

•, by Tyler Durden

SBF will also have to forfeit more than $11 billion.

Judge Kaplan did not hold back during his sentencing:

"When not lying, he was evasive, hair splitting, trying to get the prosecutors to rephrase questions for him. I've been doing this job for close for 30 years. I've never seen a performance like that."

Update (1105ET): Just before the federal judge was about to sentence Bankman-Fried in his fraud case, the former FTX founder said that he was "sorry."

"I know a lot of people feel really let down," he said at his sentencing hearing Thursday morning in lower Manhattan.

"I'm sorry about that. I'm sorry about what happened at every stage."

"All of the company followed me across the earth, across continents, burning the midnight oil working until 2 a.m., 4 a.m., dedicated to FTX," he said in a plea for leniency. "I remember so many of them."

He said the staff "all built something really beautiful. They threw themselves into it and then I threw that all away. It haunts me every day. I made a series of bad decisions. They weren't selfish decisions, they were bad decisions."

Bad decisions indeed Sam.

Agorist Hosting