Posted 3/28/2024, 1:55:29 PM
Bankman-Fried Apologizes in Court, Faces Decades in Prison for FTX Fraud Conviction
- Sam Bankman-Fried apologizes in court, saying "I am sorry" to those let down by FTX's collapse
- Judge says Bankman-Fried committed witness tampering, perjury, wire fraud and money laundering
- Bankman-Fried's sentencing hearing underway; he faces over 100 years in prison
- Prosecutors request 40-50 year sentence; defense argues for 6 years
- Bankman-Fried was convicted on 7 counts of fraud and conspiracy in November