'crypto king' sam fried-man bank craft.

................................................................................Sam Bankman-Fried, co-founder of the failed crypto exchange FTX, has been sentenced to 25 years in prison for defrauding customers and investors of his now-bankrupt firm.The ruling cements the downfall of the former billionaire, who emerged as a high profile champion of crypto before his firm's dramatic collapse in 2022.He was found to have stolen billions from customers ahead of the failure.Bankman-Fried's legal team will appeal against his conviction.A message from his parents shared with the BBC by a representative for Bankman-Fried said: "We are heartbroken and will continue to fight for our son."Earlier, the 32-year-old said in court he knew "a lot of people" felt "really let down"."I'm sorry about that. I'm sorry about what happened at every stage," he said, speaking quietly and clearly ahead of his sentencing.FTX was one of the world's largest crypto exchanges before its demise, turning Bankman-Fried into a business celebrity and attracting millions of customers who used the platform to buy and trade cryptocurrency.Rumours of financial trouble sparked a run on deposits in 2022, precipitating the firm's implosion and exposing Bankman-Fried's crimes.He was convicted by a New York jury last year on charges including wire fraud and conspiracy to commit money laundering, after a trial that detailed how he had taken more than $8bn (£6.3bn) from customers, and used the money to buy property, make political donations and put toward other investments.Before reading the sentence on Thursday, Judge Lewis Kaplan provided a harsh assessment of Bankman-Fried's behaviour, saying he had lied during his testimony at trial when he claimed he was unaware until the last minute that his companies were taking money entrusted to them for safe-keeping by customers and using it for other purposes.Everyone got duped by Sam Bankman-Fried's big gambleThe fall of ‘King of Crypto’ Sam Bankman-FriedWho is Sam Bankman-Fried?"He knew it was wrong. He knew it was criminal. He regrets that he made a very bad bet about the likelihood of getting caught but he's not going to admit a thing," the judge said.Though Bankman-Fried had made "protestations of sorrow" about customer losses, he had uttered "never a word of remorse for the commission of terrible crimes", he added.While 25 years constitutes a serious prison sentence, it is far less than the more than 100 years Bankman-Fried could have received under official government guidelines.***Fair Use Disclaimer: =This channel may use some copyrighted materials without specific authorization of the owner but contents used here falls under the “Fair Use” as described in The Copyright Act 2000 Law No. 28 of the year 2000 of Bangladesh under Chapter 6, Section 36 and Chapter 13 Section 72. According to that law allowance is made for "fair use" for purposes such as criticism, comment, news reporting, teaching, scholarship, and research. Fair use is a use permitted by copyright statute that might otherwise be infringing. Non-profit, educational or personal use tips the balance in favor of fair use."Copyright Disclaimer Under Section 107 of the Copyright Act 1976, allowance is made for fair use for purposes such as criticism, comment, news reporting, teaching, scholarship, and research. Fair use is a use permitted by copyright statute that might otherwise be infringing. Non-profit, educational or personal use tips the balance in favor of fair use."CNNBBCAl zajeeraWorld news News Asia news Middle east newsAmirica news Africa newsRussia Newsbangla news | bangla news today | bangla news live | news bangla | republic bangla news | bd news | latest bangla news | bangla latest news | bengali news | bangla news 24 | atn bangla news | bd news bangla | news bangla 24 | bangla tv news | bangla news update | bangladesh news | bangla khobor | live news bangla | bangla news republic bangla | today news bangla | republic bangla bengali news live | bangladeshi news | bangladesh news | somoy tv news | bangla news today | latest bangla news | bangla news live | latest bangladeshi news | bangladesh tv news | latest somoy tv news | latest bangladesh news | republic bangla news | bangla tv news | somoy tv | somoy news | bangla tv channel | bd news | news bangla | bangladesh | latest news | bangladesh news today | breaking news | news | bangla news update | news today bangladesh jamuna tv live | latest somoy news | news today......................RussiaUkraineRussia ukraineRussia ukraine warrussia ukraine war newsukraine russia war newsWar newsukraine russia latest war news lisrael gaza news gaza israel news Middle east newspalistine israel newsisrael gaza war newsgaza israel war newspalistine israel war newsisrael palistine war news.