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SBF Sentenced to 25 Years in Prison | Bloomberg Crypto 

Bloomberg Television
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FTX co-founder Sam Bankman-Fried was sentenced to 25 years in prison for stealing billions of dollars from customers. US District Judge Lewis A. Kaplan delivered the sentence in federal court in Manhattan moments after Bankman-Fried said he was “sorry about what happened at every stage.” On this episode of "Bloomberg Crypto," O'Melveny Partner Rebecca Mermelstein, Crypto Council For Innovation CEO Sheila Warren, 'Number Go Up' Author Zeke Faux, Pallas Partners Partner Joshua Naftalis, and FTX Creditor Co-Founder Louis d' Origny, discuss the sentence and the crypto industry.

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27 мар 2024

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Комментарии : 64   
@Unknown-account3
@Unknown-account3 2 месяца назад
How does he even still have 11B dollars to forfeit? That makes no sense. His parents should also be charged in this case. Ridiculous, but not as ridiculous as Trevor Milton, found guilty of securities fraud well over a year ago, still on the streets after raking in a billion dollars with his Nikola scam.....and then sentenced to 48 months? Some judges can be bought.
@Ulyssestnt
@Ulyssestnt 2 месяца назад
Thats largely symbolic,he still has to pay largely symbolic sums out of his prison pay checks towards that sum though. The entire management team should be sharing this sentence instead of making one dude basically forfeit his life as a sacrifice to wall street.
@EbenezerNimh
@EbenezerNimh 2 месяца назад
He gets 25 years. There are people who got 25 years who did far less, what a joke.
@gen-X-trader
@gen-X-trader 2 месяца назад
do you even comprehend how severe 25 years is? stop normalizing excessive sentences. your life is over. months in jail is huge. a year is life breaking. 25 isn't even possible to really comprehend. try to put yourself in that position
@BTCSowhat
@BTCSowhat 2 месяца назад
You are a joke! You don’t know a fkn thing.
@Ulyssestnt
@Ulyssestnt 2 месяца назад
@@gen-X-trader Its insane to give "football numbers" to a non violent offender when its not symbolic like Madoff. I freely admit I had a lot of schadenfreude a year ago but I just dont think this is right,he shouldnt have to forfeit his life,he cant recoup that while people can(and will) recoup a haircut. This is a lazy way out.
@FidelityElectric
@FidelityElectric 2 месяца назад
Yeah it is a joke. The message it sends is that if you are going to steal do it with white collar crime. If he had walked into a 7-11 and got $50 in an armed robbery he would have gotten more time. Is he going to get off time on good behavior? Supposedly should do 85% of the time.
@whodouthinkuare
@whodouthinkuare 2 месяца назад
As Sams defence said in court yesterday "Hes just a math nerd who is out of his dept". LOL
@user-de9jp5oq8e
@user-de9jp5oq8e 2 месяца назад
this is not enough. he should rot in prison for the rest of his sorry useless life for all the harm he caused and blatant disregard for the law
@davidwaddell7789
@davidwaddell7789 2 месяца назад
Ya man he got off light. They should thrown thr book at his ass 200 years etc. No parole.
@SeeLasSee
@SeeLasSee 2 месяца назад
Elizabeth Holmes had people depending on the largely fraudulent blood testing. It’s not clear to me that SBF was worse.
@Ulyssestnt
@Ulyssestnt 2 месяца назад
Thats because you have a moral compass I suspect.
@g41133
@g41133 2 месяца назад
Watren is right. Glad she talked about it, we give young people too much valor/ctedit when it hasn't been definitively proven whether they are deserving.
@sunshinegirl4715
@sunshinegirl4715 2 месяца назад
How is it that Caroline Ellison got off so lightly in comparison to SBF? They both behaved fraudulently, showed the same appalling disregard for the damage they were doing to investors.
@jeremymain7303
@jeremymain7303 Месяц назад
She sang.
@sunshinegirl4715
@sunshinegirl4715 Месяц назад
@@jeremymain7303 Yeah, she really dumped SBF in the dog poop.
@nygariottley245
@nygariottley245 2 месяца назад
"Coffeezilla" needs his flowers.
@user-vj3he7ys1g
@user-vj3he7ys1g 2 месяца назад
Where was the SEC in all this mess
@Hegemonic20
@Hegemonic20 2 месяца назад
Same place they were in with Madoff. They’re a joke
@joshw1008
@joshw1008 2 месяца назад
they were taking bribes
@careymulligan1403
@careymulligan1403 2 месяца назад
Rug pulling scumbags are probably at least a little relieved, that he got significantly less than the possible 110 years, just in case the justice hammer eventually falls on them, too.
@christhefou
@christhefou 2 месяца назад
who cares about SBF . jail him and throw the key. What I care is the peoples who lost their savings because of this crook.
@juanherdandez3281
@juanherdandez3281 2 месяца назад
Good morning America 🇺🇸
@richardbond4496
@richardbond4496 2 месяца назад
is that all ?
@jaym9846
@jaym9846 2 месяца назад
Currently each US tax payer (or your children) owes $267K (rising each second) due to government spending more than it takes in. How much monetary damage did Sam inflict on his investors?
@960john
@960john 2 месяца назад
Not the same... debt can be used to increase gdp, therefore incomes. Also that money is given back to citizens in forms of services. It can be a bad investment, not a scam.
@rhondabradfute4396
@rhondabradfute4396 2 месяца назад
Gensler when working at MIT- worked for SBF’s Girlfriend’s FATHER!!! This goes way deep?!!
@Masterbuten333
@Masterbuten333 2 месяца назад
I was here. - BIG DATA DADDY
@ThisAuthenticVibe
@ThisAuthenticVibe 2 месяца назад
Kind hearted! How much you get? 😂😂😂
@hmodarres
@hmodarres 2 месяца назад
Only 25 years, wow, just wow, i wonder if it has anything to do with all the people he bought
@gabrieljordan8015
@gabrieljordan8015 2 месяца назад
People are enraged at 25 years. Keep in mind that his life is over and at best he will be able to work at a fast food joint once hes out. These actions he took will haunt him to the grave. Plus the collaspe happened right after turning 30 which is suppose to be the start of your prime years for most men. His will eventually start experiencing a level of depression and anxiety he didn't know could exist due to an insane level of regret. I don't feel bad for him - I'm just saying.
@Damadoo
@Damadoo 2 месяца назад
Much more worried about our banking system. Now banks need to own over 10% of the money they use to make profits, that really does not belong to them. We need to move a way from that. Slowly but hopefully consistently.
@kevinj210
@kevinj210 2 месяца назад
25 really maybe 10 but 25 this world is so weird
@willrose5424
@willrose5424 2 месяца назад
Rich kids don't know patience?
@Miranox2
@Miranox2 2 месяца назад
He will likely be released after less than 10 years.
@mikenn1734
@mikenn1734 2 месяца назад
Why his parents not in jail....what a corrupt system
@RandomButBeautiful
@RandomButBeautiful 2 месяца назад
there's always a fall guy....
@Yolicious111
@Yolicious111 2 месяца назад
STUPID question. What will he do in 25 years. Exactly what Black prisoners must do.
@joshw1008
@joshw1008 2 месяца назад
So glad to see this, i originally thought he would get away with it for donating stolen funds to democrats
@stevesilverman3213
@stevesilverman3213 2 месяца назад
Damn, 25 years is no joke. Maybe he should get more, but some of you act like it's nothing. Dude is going to come out of prison with no friends, hair loss, gaping butth*le, exponential increase in anxiety, parents likely dead or on their death beds, still no social skills, and a world that already wants to forget him entirely. His only option is to write a book. I think he is getting what he deserves. Stay hard, SBF.
@newhorizon4066
@newhorizon4066 2 месяца назад
"Stay hard, SBF." Bad advice, that will sure lead to "gaping butth*le."
@omarwjwiippa8726
@omarwjwiippa8726 2 месяца назад
Most killers don't kill a 2nd victim & they Don't get to walk away
@ThisAuthenticVibe
@ThisAuthenticVibe 2 месяца назад
Good 👍 judgement day
@avocadoarmadillo7031
@avocadoarmadillo7031 2 месяца назад
25 years sounds reasonable in this case. Massive fraud and theft, but he didn't commit violent crime. A lot of times sentences are whack but this seems fair IMO.
@innerdinosaur2898
@innerdinosaur2898 2 месяца назад
😳
@rhondabradfute4396
@rhondabradfute4396 2 месяца назад
What a joke…
@peterbarrett5496
@peterbarrett5496 2 месяца назад
Got off easy
@gen-X-trader
@gen-X-trader 2 месяца назад
I think people are literally insane when you talk about 25 years as being light and if anything it's just a reflective of how punitive the American justice system is
@ThisAuthenticVibe
@ThisAuthenticVibe 2 месяца назад
What's wrong with you? 1st time white collar that committed crime???
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