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Sam Bankman-Fried sentenced to 25 years in prison for orchestrating FTX fraud

The former cryptocurrency guru was convicted on seven criminal counts in November.

But prosecutors argued the brazenness of the crime, the extent of the victims' losses and damages and Bankman-Fried's evident lack of remorse meant a harsher sentence was warranted. "The burden of financial ruin weighs heavily on my shoulders, leading me to grapple with constant thoughts of suicide and significantly impairing my ability to perform at work.” Paul Tuchmann, a former federal prosecutor who is now a partner with Wiggin and Dana LLP, told CNBC that Bankman-Fried's testimony had been "unpersuasive" and noted it took the jury only three hours to convict him on each count.

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