How Sam Bankman-Fried's Crypto Scam Worked | Insider News

Sam Bankman-Fried was found guilty of seven counts of fraud and conspiracy. Insider reporter Jacob Shamsian fills you in on how the former crypto billionaire got here.

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Why Sam Bankman-Fried Is Facing Up To 110 Years In Prison | Insider News

[Matt-bgwg]

The parents are complicit in this whole thing and definitely need to be prosecuted

[JohnnyKidder]

Unpopular opinion warning: The whole point of cripto is to avoid the banking system and have the block chain store and secure all the info. If you avoided al the protections of the gov. backed banking system, decided to bet on cripto, but then trusted a random douche bag owned company instead of storing all your cripto keys yourself, you kinda had it coming

[jayjay-bzrr]

110 years will fly by in no time at all

[b]

He won't get anything like 110 years and he will go to cupcake jail. The same kind of place Martha Stewart or Jordan Belfort went.

[humphrey]

The Enron guys served 6 years and 5 years respectively. SBF will get a big sentence initially then get let out very early.

[untouchablex]

"Behind every great fortune lies a great crime."

[southernbreeze]

this channel shadow bans comments they don't like

[Cucumberflavoredmustard]

He needs to be made an example of, in prison for so long that he will not get to enjoy anything he had hidden away. There are many would-be scammers just waiting to be how harsh his sentence will be.

[dainguyen]

An option for sam is to be recruited into the russian army, and after serving 6 months and he can be set free if he survive.

[southernbreeze]

he gave 200 million to democrats and 40 thousand (virtually nothing) to republicans. this guy made it sound like he gave as much to one as the other. Ridiculous

[-VForValhalla-]

Why? Because he scammed some extremely rich people and that's a big no-no! If he had robbed some poor smuck, that's would've been okay according to the justice system.

[williamangeles]

They will give him 10 to 15 years. He will be out in 5 years.

[fabiobonetta]

Oh that great line from The Wolf of Wallstreet comes to mind:
" I need you to dress up"
"Why? What the fucks going on?"
"You're going to jail"

[TuxedoSuite]

Does this mean the politicians who accepted his money will be charged also?

[ralphtv]

When said and done 5 years people with money don’t go to jail and that will later get converted to house arrest

[tjbellah]

I hope he doesn’t get enough time to make them drop his trial next year. I think we all deserve to know what he thought he was buying with all those campaign donations.

[steveng]

Parents are Stanford prof's. he'll get about 7 years.

[mikedawolf]

People didn’t want to get screwed over by a bank and they still got screwed over by a Bankman

[robbylebotha]

Ironically, if everyone would try to withdraw all theor money from any traditional bank, it would go the same way as FTX. FTX operated the same way as any bank.

[VVIPWORLDUSA]

Give your money to a kid, maybe this is what you get...