"FTX Founder Sam Bankman-Fried Sentenced to 25 Years for Crypto Fraud and Gambling"
TL;DR Summary
Former FTX CEO, the company that sponsored the Mercedes Formula 1 team, has been sentenced to 25 years in prison for fraud and conspiracy to launder money, after being held responsible for losing approximately $10 billion in customer funds. The partnership between FTX and Mercedes ended prior to the 2022 Brazilian Grand Prix, and the CEO has also been ordered to forfeit $11 billion in assets to the US government.
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- How Sam Bankman-Fried's ex-girlfriend and early recruit helped put the FTX founder behind bars for 25 years CNBC
- Sam Bankman-Fried's pleas to have his autism considered in sentencing thankfully fails MSNBC
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