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๐Ÿ—ž๏ธโ€˜He knew it was wrongโ€™: Sam Bankman-Fried sentenced to 25 years in prison over FTX fraud

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โ€˜He knew it was wrongโ€™: Sam Bankman-Fried sentenced to 25 years in prison over FTX fraud

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2024-03-28 - Nick Robins-Early (from US general21)

Judge orders disgraced crypto mogul to forfeit $11bn in assets and says he showed no remorse for his crimesSam Bankman-Fried, the disgraced cryptocurrency mogul who perpetrated one of the largest financial frauds in history, has been sentenced to 25 years in prison and ordered to forfeit $11bn in assets. His lawyer reiterated a pledge to appeal the sentence the same day.The judge, Lewis Kaplan, issued the penalty in a Manhattan courtroom on Thursday. Bankman-Fried, the former chief executive of the now-bankrupt cryptocurrency exchange FTX, was convicted of fraud and conspiracy to launder money late last year. Continue reading...

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[USA] ๐ŸŒŽ https://www.theguardian.com/business/2024/mar/28/sam-bankman-fried-sentenced-prison-ftx-fraud [๐Ÿง ] [v2] article_embedding_description: {:llm_project_id=>"Unavailable", :llm_dimensions=>nil, :article_size=>1230, :llm_embeddings_model_name=>"textembedding-gecko"}
[๐Ÿง ] [v1/3] title_embedding_description: {:ricc_notes=>"[embed-v3] Fixed on 9oct24. Only seems incompatible at first glance with embed v1.", :llm_project_id=>"unavailable possibly not using Vertex", :llm_dimensions=>nil, :article_size=>1230, :poly_field=>"title", :llm_embeddings_model_name=>"textembedding-gecko"}
[๐Ÿง ] [v1/3] summary_embedding_description: {:ricc_notes=>"[embed-v3] Fixed on 9oct24. Only seems incompatible at first glance with embed v1.", :llm_project_id=>"unavailable possibly not using Vertex", :llm_dimensions=>nil, :article_size=>1230, :poly_field=>"summary", :llm_embeddings_model_name=>"textembedding-gecko"}
[๐Ÿง ] As per bug https://github.com/palladius/gemini-news-crawler/issues/4 we can state this article belongs to titile/summary version: v3 (very few articles updated on 9oct24)

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Title: โ€˜He knew it was wrongโ€™: Sam Bankman-Fried sentenced to 25 years in prison over FTX fraud
Summary: Judge orders disgraced crypto mogul to forfeit $11bn in assets and says he showed no remorse for his crimesSam Bankman-Fried, the disgraced cryptocurrency mogul who perpetrated one of the largest financial frauds in history, has been sentenced to 25 years in prison and ordered to forfeit $11bn in assets. His lawyer reiterated a pledge to appeal the sentence the same day.The judge, Lewis Kaplan, issued the penalty in a Manhattan courtroom on Thursday. Bankman-Fried, the former chief executive of the now-bankrupt cryptocurrency exchange FTX, was convicted of fraud and conspiracy to launder money late last year. Continue reading...

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Author: Nick Robins-Early
PublishedDate: 2024-03-28
Category: USA
NewsPaper: US general21
Tags: Sam Bankman-Fried, Technology, Cryptocurrencies, FTX, Business, US news, New York, Law (US)
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Judge orders disgraced crypto mogul to forfeit $11bn in assets and says he showed no remorse for his crimes

Sam Bankman-Fried, the disgraced cryptocurrency mogul who perpetrated one of the largest financial frauds in history, has been sentenced to 25 years in prison and ordered to forfeit $11bn in assets. His lawyer reiterated a pledge to appeal the sentence the same day.

The judge, Lewis Kaplan, issued the penalty in a Manhattan courtroom on Thursday. Bankman-Fried, the former chief executive of the now-bankrupt cryptocurrency exchange FTX, was convicted of fraud and conspiracy to launder money late last year.

Continue reading...",
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