Here Are The Criminal Charges Against Sam Bankman-Fried
"From at least in or about 2019, up to and including in or about November 2022, Samuel Bankman-Fried... and others known and unknown, willfully and knowingly, did combine, conspire, confederate and agree together and with each other to commit wire fraud," the US alleged, in an eight-count indictment unsealed on Tuesday.
The indictment served as the basis for Bankman-Fried's arrest on Monday evening in the Bahamas.
Other charges included conspiracy to commit money laundering and conspiracy to
I wonder whether he truly thinks he may be able to get away with it (or get a reduced sentence) by making statements like “I messed up, I didn’t know etc”. I highly doubt anyone in the world will accept that at all coming from a (former?) billionaire ceo of one of the until recently largest crypto exchanges in the world. While I am clueless as to how the legal system works, imo it is probably fair that he receives a higher sentence than Theranos’s Holmes.
Holmes defrauded large investors. Bankman-Fried defrauded both large and small investors. That alone is a good reason he should serve many decades.
Some of the large investors may be ponying up some of the money he gave them for various reasons
Pharma Bro has already been released (early) from his original 7 year sentence.
There’s another business hero! I wonder what he will do next.
I wonder how much (in USD’s) he has hidden away that only he can get to…….
Certainly less than he would like, and more than anyone else would like. It sounds like too many shiny Bahamian cays caught his eye… not so hidden away, those assets. Hopefully the sellers didn’t take crypto at the closing.