* . *
  • About
  • Advertise
  • Privacy & Policy
  • Contact
Friday, October 3, 2025
Earth-News
  • Home
  • Business
  • Entertainment
    Toni Braxton Is Turning Her Biggest Hits Into Lifetime Movies – Yahoo

    Toni Braxton Is Turning Her Biggest Hits Into Lifetime Movies – Yahoo

    Major airline to offer new in-flight entertainment options for passengers – PennLive.com

    Major airline to offer new in-flight entertainment options for passengers – PennLive.com

    Penn State-Themed Restaurant and Entertainment Spot Happy Valley Live Set to Open in State College – StateCollege.com

    Penn State-Themed Restaurant and Entertainment Spot Happy Valley Live Set to Open in State College – StateCollege.com

    The Police Made Chart History With This 1979 Hit Nearly 50 Years Ago – Yahoo

    How The Police Changed Music Forever with Their Iconic 1979 Hit Nearly 50 Years Ago

    Good Deed Entertainment Acquires Worldwide Rights To Liza Mandelup’s Documentary ‘Caterpillar’ – Deadline

    Good Deed Entertainment Lands Global Rights to Liza Mandelup’s Captivating Documentary ‘Caterpillar

    Danielle Fishel Explains Why Being on “DWTS” Makes Her Feel ‘Like It’s 1994 Again’ Filming “Boy Meets World” (Exclusive) – Yahoo

    Danielle Fishel Explains Why Being on “DWTS” Makes Her Feel ‘Like It’s 1994 Again’ Filming “Boy Meets World” (Exclusive) – Yahoo

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Technology Is Becoming More Important Than Humans In CX – No Jitter

    Technology Is Becoming More Important Than Humans In CX – No Jitter

    A Tech Expo Shows What China Can Make, but Not Who’ll Buy It All – The New York Times

    Inside China’s Tech Expo: Cutting-Edge Innovations Face Uncertain Demand

    Steampunk Metal Oval Technology Sense Sunglasses Personality Handmade Chain Multicolor Sunglasses UV400 – The San Joaquin Valley Sun

    Steampunk Metal Oval Sunglasses with Handmade Multicolor Chain – Bold UV400 Protection and Unique Style

    STELLA Automotive AI Appoints Fred Seidelman as Chief Technology Officer – Yahoo Finance

    STELLA Automotive AI Appoints Fred Seidelman as New Chief Technology Officer

    Saving Energy and Money with Smart Technology – Terms of Service with Clare Duffy – Podcast on CNN Podcasts – CNN

    Saving Energy and Money with Smart Technology – Terms of Service with Clare Duffy – Podcast on CNN Podcasts – CNN

    Four Strategic Signals Technology Leaders Are Tuning In To – SPONSOR CONTENT FROM ARM – Harvard Business Review

    Four Essential Strategic Signals Every Technology Leader Should Watch

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
  • Home
  • Business
  • Entertainment
    Toni Braxton Is Turning Her Biggest Hits Into Lifetime Movies – Yahoo

    Toni Braxton Is Turning Her Biggest Hits Into Lifetime Movies – Yahoo

    Major airline to offer new in-flight entertainment options for passengers – PennLive.com

    Major airline to offer new in-flight entertainment options for passengers – PennLive.com

    Penn State-Themed Restaurant and Entertainment Spot Happy Valley Live Set to Open in State College – StateCollege.com

    Penn State-Themed Restaurant and Entertainment Spot Happy Valley Live Set to Open in State College – StateCollege.com

    The Police Made Chart History With This 1979 Hit Nearly 50 Years Ago – Yahoo

    How The Police Changed Music Forever with Their Iconic 1979 Hit Nearly 50 Years Ago

    Good Deed Entertainment Acquires Worldwide Rights To Liza Mandelup’s Documentary ‘Caterpillar’ – Deadline

    Good Deed Entertainment Lands Global Rights to Liza Mandelup’s Captivating Documentary ‘Caterpillar

    Danielle Fishel Explains Why Being on “DWTS” Makes Her Feel ‘Like It’s 1994 Again’ Filming “Boy Meets World” (Exclusive) – Yahoo

    Danielle Fishel Explains Why Being on “DWTS” Makes Her Feel ‘Like It’s 1994 Again’ Filming “Boy Meets World” (Exclusive) – Yahoo

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Technology Is Becoming More Important Than Humans In CX – No Jitter

    Technology Is Becoming More Important Than Humans In CX – No Jitter

    A Tech Expo Shows What China Can Make, but Not Who’ll Buy It All – The New York Times

    Inside China’s Tech Expo: Cutting-Edge Innovations Face Uncertain Demand

    Steampunk Metal Oval Technology Sense Sunglasses Personality Handmade Chain Multicolor Sunglasses UV400 – The San Joaquin Valley Sun

    Steampunk Metal Oval Sunglasses with Handmade Multicolor Chain – Bold UV400 Protection and Unique Style

    STELLA Automotive AI Appoints Fred Seidelman as Chief Technology Officer – Yahoo Finance

    STELLA Automotive AI Appoints Fred Seidelman as New Chief Technology Officer

    Saving Energy and Money with Smart Technology – Terms of Service with Clare Duffy – Podcast on CNN Podcasts – CNN

    Saving Energy and Money with Smart Technology – Terms of Service with Clare Duffy – Podcast on CNN Podcasts – CNN

    Four Strategic Signals Technology Leaders Are Tuning In To – SPONSOR CONTENT FROM ARM – Harvard Business Review

    Four Essential Strategic Signals Every Technology Leader Should Watch

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
Earth-News
No Result
View All Result
Home Business

Judge To Decide Sam Bankman’s Fate: Faces 40-50 Years For Financial Crimes

March 17, 2024
in Business
Judge To Decide Sam Bankman’s Fate: Faces 40-50 Years For Financial Crimes
Share on FacebookShare on Twitter

You are here: Home / News / Judge To Decide Sam Bankman’s Fate: Faces 40-50 Years For Financial Crimes

Judge To Decide Sam Bankman's Fate Faces 40-50 Years For Financial Crimes

March 16, 2024 by Kashif Saleem

The fall from grace of Sam Bankman-Fried, once hailed as a wunderkind of the cryptocurrency world, continues with a vengeance. On Friday, U.S. prosecutors filed a sentencing memo recommending an astonishing 40-50 years in prison for Bankman-Fried, the founder and ex-CEO of FTX.

Prosecutors strongly criticize Bankman-Fried following his conviction last November on seven counts of fraud and conspiracy linked to the dramatic downfall of FTX, a major global crypto exchange. They accuse him of deceiving investors by lying, using counterfeit documents, and unlawfully channelling millions into political campaigns.

The government urges the court to impose a sentence that underscores the remarkably serious nature of the harm to thousands of victims; prevents the defendant from ever again committing fraud; and sends a powerful signal to others who might be tempted to engage in financial misconduct that the consequences will be severe, said the prosecutors.

Bankman-Fried’s actions immensely damaged the crypto industry. Many investors lost a lot of money in the FTX collapse. Prosecutors say the total harm could be more than $1 billion. The memo claims Bankman-Fried knew his actions were illegal and thought he was above the law.

The prosecution’s sentencing proposal seeks to do more than just penalize Bankman-Fried. It intends to discourage future financial misconduct by sending a strong warning: severe consequences await those who commit such crimes. The memo emphasizes the unprecedented nature of the purported campaign finance breaches, labelling them as the most significant campaign finance violation on record.

Prosecutors Push for Sam Bankman’s Penalties

The government doesn’t just seek incarceration; it also seeks hefty financial penalties. Prosecutors propose a judgment of over $11 billion, along with the forfeiture of assets tied to Sam Bankman. This includes funds seized from his bank accounts, holdings in cryptocurrency exchanges, and proceeds from the sale of Robinhood shares.

The prosecution’s stance is harsh. In contrast, Sam Bankman’s defence team has advocated for a much lighter sentence of only 6 years. The prosecution finds this suggestion “woefully inadequate”, considering the magnitude of the alleged crimes.

The judge will decide Sam Bankman’s fate. The sentencing is on March 28th. The final sentence may not match the prosecution’s recommendation. But one thing is clear: long prison time seems very likely. This case is a stark reminder of the risks of white-collar crime in the crypto sphere. It shows how far authorities will go to hold bad actors accountable.

Related Reading | Solana (SOL) Strong Performance Sets Stage for New ATH in March; Analyst Eyes $305

>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : TronWeekly – https://www.tronweekly.com/judge-to-decide-sam-bankmans-fate/

Tags: businessDecideJudge
Previous Post

Grayscale Pushes Ethereum Trust ETF Uplisting Amidst Regulatory Scrutiny

Next Post

Ethereum Dencun Upgrade: A Boost or Bubble?

West Seattle Ecology Fair 2025, report #2: Heat waves aren’t just a source of discomfort – West Seattle Blog…

West Seattle Ecology Fair 2025: Uncovering the Hidden Impacts of Heat Waves Beyond Our Comfort

October 3, 2025
Roam The Huntington after dark at an atmospheric ‘Strange Science’ night – NBC Los Angeles

Uncover the Secrets of The Huntington After Dark at the Enchanting ‘Strange Science’ Night

October 3, 2025
Viral apple cider vinegar weight loss study retracted for flawed science – ScienceDaily

Viral apple cider vinegar weight loss study retracted for flawed science – ScienceDaily

October 3, 2025
A love letter to the garden – The Inquirer and Mirror

A Heartfelt Ode to the Garden: Celebrating Nature’s Timeless Beauty

October 3, 2025
Technology Is Becoming More Important Than Humans In CX – No Jitter

Technology Is Becoming More Important Than Humans In CX – No Jitter

October 3, 2025
NFL Power Rankings, Week 5: Rodgers, Steelers surge into top 10; Ravens in free fall – CBS Sports

NFL Power Rankings, Week 5: Rodgers, Steelers surge into top 10; Ravens in free fall – CBS Sports

October 2, 2025
Alabama man earns world record for 3-foot, 6-inch beard locks – upi.com

Alabama man earns world record for 3-foot, 6-inch beard locks – upi.com

October 2, 2025
How Trump could use a government shutdown to turbocharge his economic agenda – Yahoo Finance

How Trump could use a government shutdown to turbocharge his economic agenda – Yahoo Finance

October 2, 2025
Toni Braxton Is Turning Her Biggest Hits Into Lifetime Movies – Yahoo

Toni Braxton Is Turning Her Biggest Hits Into Lifetime Movies – Yahoo

October 2, 2025
Reproductive Health Emergency Kits To Be Distributed Saturday At Jacksonville Really Really Free Market – Center for Biological Diversity

Reproductive Health Emergency Kits To Be Distributed Saturday At Jacksonville Really Really Free Market – Center for Biological Diversity

October 2, 2025

Categories

Archives

October 2025
M T W T F S S
 12345
6789101112
13141516171819
20212223242526
2728293031  
« Sep    
Earth-News.info

The Earth News is an independent English-language daily published Website from all around the World News

Browse by Category

  • Business (20,132)
  • Ecology (848)
  • Economy (868)
  • Entertainment (21,742)
  • General (17,375)
  • Health (9,911)
  • Lifestyle (881)
  • News (22,149)
  • People (870)
  • Politics (879)
  • Science (16,079)
  • Sports (21,369)
  • Technology (15,852)
  • World (851)

Recent News

West Seattle Ecology Fair 2025, report #2: Heat waves aren’t just a source of discomfort – West Seattle Blog…

West Seattle Ecology Fair 2025: Uncovering the Hidden Impacts of Heat Waves Beyond Our Comfort

October 3, 2025
Roam The Huntington after dark at an atmospheric ‘Strange Science’ night – NBC Los Angeles

Uncover the Secrets of The Huntington After Dark at the Enchanting ‘Strange Science’ Night

October 3, 2025
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

Go to mobile version