U.S. District Judge Lewis Kaplan noted the ex-crypto entrepreneur's "exceptonally privileged background" in meting out his sentence.
March 28, 2024 at 07:05 PM
4 minute read
The original version of this story was published on New York Law Journal
In sentencing FTX founder Sam Bankman-Fried to 25 years in federal prison on Thursday, U.S. District Judge Lewis Kaplan of the Southern District of New York considered not only the amount of money lost in the cryptocurrency empire’s collapse but also Bankman-Fried’s acceptance of responsibility and honesty.
His findings were not positive, white-collar attorneys observed later in the day Thursday.
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Senior District Judge Lewis A. Kaplan of the U.S. District Court for the Southern District of New York. Photo: Ryland West/ALM
