The lawyer for the former chief executive of the now-bankrupt cryptocurrency exchange FTX reiterated a pledge to appeal against the term.
Bankman-Fried, who was convicted of fraud and conspiracy to launder money last year, appeared in court in New York yesterday. He gave little reaction as the judge, Lewis Kaplan, read out his judgment.
During the sentencing, Kaplan described Bankman-Fried as a calculating maths genius who sought power and influence while knowingly committing wrongdoing. Although Bankman-Fried had admitted to "a series of bad decisions" over FTX's downfall, Kaplan stated that there was "never a word of remorse" for his crimes, adding: "He knew it was wrong, he knew it was criminal."
Kaplan likened the defence's claim that customers could be paid back for their losses to a situation where a thief takes his plunder to Las Vegas, then appeals for leniency if he can return with winnings.
Before Kaplan read out his decision, Bankman-Fried delivered a meandering apology of sorts, blaming the crisis at FTX on mismanagement and saying that he was "sorry about what happened".
He praised his former employees and executives, including his co-founder Gary Wang and his former girlfriend Caroline Ellison - both of whom testified against him in the trial.
Bankman-Fried claimed that he wished he could help return customers' funds, but acknowledged he was no longer in a position of power. "My useful life is probably over," the 32-year-old said.
Diese Geschichte stammt aus der March 29, 2024-Ausgabe von The Guardian.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent ? Anmelden
Diese Geschichte stammt aus der March 29, 2024-Ausgabe von The Guardian.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent? Anmelden
Parry: Premier League would be 'sterile' without EFL
Rick Parry has accused the Premier League of undervaluing the football pyramid, arguing that without the \"variety and competition\" that come from relegation and promotion the game would become \"sterile\".
Official review: Coote faces FA investigation as Webb breaks silence on video
The Football Association has launched its own investigation into the behaviour of the referee David Coote after remarks he made about Jürgen Klopp in a video that surfaced online this week.
Match-by-match: Coote's Liverpool games as an official
Referee who has been caught on video in a foul-mouthed tirade against Jürgen Klopp officiated 21 Liverpool games. Andy Hunter takes a look at the decisions in each one
Wretched, haunted but human: a referee shaped by modern football
Is it really a surprise that an official or someone similar should end up glassy-eyed and spitting toxins on a sofa?
Hall's audition adds intrigue to England's Nations League finale
In-form Newcastle defender can show Thomas Tuchel he can be the solution to perennial problem on the left
'It's about robust planning, proper financial control'
is about \"preventing the shocks\" that have disrupted the sport in recent years.
'People are going to see women's boxing at its very best'
The super-lightweight world champion Katie Taylor says her rematch against Amanda Serrano in Texas, as the main support act to Tyson v Paul, will be something special
Blindkilde Brown and Fujino help City avoid slip up
Manchester City maintained their 100% start in the Women's Champions League group stage as second-half goals from youngsters Laura Blindkilde Brown and Aoba Fujino were enough to beat a determined Hammarby side.
Players must cope with extra scrutiny, says Lewis
The England coach, Jon Lewis, said his players experienced a \"sharp learning curve\" about perception management in the fallout from their disastrous group-stage exit in last month's T20 World Cup.
No input from Jones in England's plan to upset Springboks
England will not be benefiting from the insider knowledge of their former Springbok assistant coach Felix Jones this weekend after it emerged that neither their players nor key staff members have been in contact with the Irishman, still supposedly employed remotely by the Rugby Football Union (RFU).
