FILE - FTX founder Sam Bankman-Fried leaves Manhattan federal court, June 15, 2023, in New York. The chief executive of the cryptocurrency company Sam Bankman-Fried founded attacked the onetime crypto power player on Wednesday, March 20, 2024, in a letter to a federal judge scheduled to sentence him next week, saying his claim that customers, lenders and investors were not harmed was callously false and he was living a “life of delusion.
Ray said he wanted to “correct material misstatements and omissions” in a sentencing submission in which a lawyer for Bankman-Fried wrote that statements made during a recent bankruptcy proceeding showed that the “harm to customers, lenders, and investors is zero” because FTX was solvent when it entered bankruptcy proceedings.
Bankman-Fried’s lawyer has requested a prison term in the single digits, relying in part on claims that those who lost money will be reimbursed.
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FTX chief executive blasts Sam Bankman-Fried for claiming fraud victims will not sufferThe chief executive of the cryptocurrency company Sam Bankman-Fried founded attacked the onetime crypto power player in a letter to a federal judge, saying his claim that customers, lenders and investors were not harmed was callously false.
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FTX chief executive blasts Sam Bankman-Fried for claiming fraud victims will not sufferThe chief executive of the cryptocurrency company Sam Bankman-Fried founded attacked the onetime crypto power player in a letter to a federal judge, saying his claim that customers, lenders and investors were not harmed was callously false.
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FTX Founder Sam Bankman-Fried Sentenced to 40-50 Years in Prison for $8 Billion TheftSam Bankman-Fried, the founder of FTX cryptocurrency exchange, has been convicted of stealing $8 billion from customers and has been sentenced to 40 to 50 years in prison. Prosecutors stated that Bankman-Fried defrauded investors, customers, and lenders during the collapse of his crypto empire. Despite the conviction, Bankman-Fried refuses to admit his wrongdoing. His lawyers argue for a prison term of 5¼ to 6½ years.
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