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Sam Bankman-Fried to be sentenced to jail time
Sam Bankman-Fried, the disgraced crypto entrepreneur, is due to face sentencing after being convicted of fraud and conspiracy.
Sam Bankman-Fried, owner of the bankrupt crypto exchange FTX, will receive sentencing in New York today (March 28) after his convictions for fraud and conspiracy last year. Canadian Angela Chang had about a quarter of a million dollars in FTX, and its fall has led to her taking out credit card debt and ultimately selling a portion of a claim to an investor. Despite the pleas from family and friends and the fact that Bankman-Fried is a non-violent first-time offender, Professor Richman believes it would be “really surprising” for the Judge to come anywhere close to the defense’s request of 6.5 years.
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