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Palms casino 5 dollar movies11/16/2023 “Sam Bankman-Fried perpetrated one of the biggest frauds in American history, a multibillion-dollar scheme designed to make him the king of crypto. Notably, the 31-year-old potentially faces a whopping 110 years behind bars if he receives massive, consecutive sentences.ĬBS News reports that Damian Williams, an attorney representing the Southern District of New York, said Sam Bankman-Fried tried to become “the king of crypto” by “perpetrat one of the biggest frauds in American history.” A New York City jury specifically found Sam Bankman-Fried guilty on seven counts. Sam Bankman-Fried Allegedly Tried To Scam His Way To Being “The King Of Crypto”Īccording to NBC News, the ruling arrived on Thursday (Nov. A jury found him guilty of fraud, money laundering, and conspiracy. Sam Bankman-Fried - the CEO of FTX, a cryptocurrency company mired in controversy - is potentially facing quite a hefty prison sentence.
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