Legal Experts Weigh up Sentencing of FTX Founder Sam Bankman-Fried Amidst Cryptocurrency Market Chaos

Published on November 17, 2023

Now that a Manhattan jury has taken just four hours to find Sam Bankman-Fried, founder and former CEO of the cryptocurrency exchange FTX, guilty of an array of felony charges, the question remains of what penalty the former crypto entrepreneur should receive at his sentencing in March. The question presents a number of difficult subsidiary issues, legal experts and specialists in white-collar crime have told The Epoch Times. For all the seriousness of the fraud he perpetrated, Mr. Bankman-Fried is a nonviolent offender with no prior criminal history. Yet the impact of his fraud on the global financial markets and the cryptocurrency sector is so severe, and the need to deter future recklessness and malfeasance so drastic, that Mr. Bankman-Fried well deserves decades in prison, they say....

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