US District Judge Lewis Kaplan handed down the sentence at a Manhattan court hearing after rejecting Bankman-Fried's claim that FTXcustomers did not actually lose money and accusing him of lying during his trial testimony.
A jury found Bankman-Fried, 32, guilty on November 2 on seven fraud and conspiracy counts stemming from FTX's 2022 collapse in what prosecutors have called one of the biggest financial frauds in US history.
Kaplan said Bankman-Fried had shown no remorse.
"He knew it was wrong," Kaplan said of Bankman-Fried before handing down the sentence."He knew it was criminal. He regrets that he made a very bad bet about the likelihood of getting caught. But he is not going to admit a thing, as is his right!"
Denne historien er fra March 29, 2024-utgaven av Financial Express Mumbai.
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Denne historien er fra March 29, 2024-utgaven av Financial Express Mumbai.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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