How Sam Bankman-Fried’s Sentence Compares With Other White-Collar Cases

by 24USATVMarch 28, 2024, 9:20 p.m. 20
-

Two years in prison for tax and securities violations. Eleven years for deceiving investors. A 150-year sentence for the largest Ponzi scheme in history.

The country’s most notorious white-collar fraudsters — like Bernie Madoff and Elizabeth Holmes — have received a range of punishments for their crimes, from relatively short prison terms to effectively a life sentence.

On Thursday, Sam Bankman-Fried, the onetime cryptocurrency mogul, joined their ranks, receiving a 25-year sentence for fraud, conspiracy and money laundering.

Mr. Bankman-Fried was convicted of stealing $8 billion from customers of his international crypto exchange, FTX — charges that carry a maximum sentence of 110 years. In legal filings, prosecutors cited 13 examples of white-collar prosecutions that involved a loss of more than $100 million. In all but two of those cases, the defendant was sentenced to 40 years or more.

-

Related Articles

HOT TRENDS

América y Pachuca, con sus cuadros de lujo en semifinal de ida

by 24USATVApril 24, 2024, 5:01 a.m.2
HOT TRENDS

The Surprising Literary Inspiration Behind 'Anyone But You'

by 24USATVApril 24, 2024, 5:01 a.m.2
HOT TRENDS

Initiative to remove abandoned cars from Philly streets begins

by 24USATVApril 24, 2024, 4:01 a.m.2
HOT TRENDS

Red Sea Conflict Brings Massive Carbon Emissions Increases

by 24USATVApril 24, 2024, midnight2
HOT TRENDS

FTC Announces Rule Banning Noncompetes

by 24USATVApril 24, 2024, midnight2
HOT TRENDS

WNBA star Plum, Giants' Waller file for divorce

by 24USATVApril 24, 2024, midnight2