(comprehensive in New York) The co -founder of the cryptocurrency trading platform FTX, Freid, was established for the stolen client's $ 8 billion (about S $ 10.8 billion), and was sentenced to 25 years in prison by US judges.He stated that he would appeal.
TheFTX exchange closed down in November 2022.The jury determined on November 2 last year that Sam Bankman-Fric committed two electrical exchange fraud, four conspiracy fraud and a crime of co-conspiracy.The maximum penalty of these crimes is a total of 110 years of imprisonment.
Thursday time (March 28), 32 -year -old Fried appeared in court for 20 minutes to the judge.He "sorry for what happened at all stages." He admitted that his customers were losing losses and apologized to FTX's former colleagues, but he did not admit that he had criminal fault.
The judge Kaplan read the verdict that the defendant did not really regret it. He weighs Fried's shameless behavior when he quits, lacks repentance, and the possibility of his future crime."This person may do something very bad ... this risk must not be underestimated."
Prosecutor Williams said in his words that Fried was unlikely, "intentionally and continued to lie."He described Fried as a "skilled" political expert, and had the ability to commit more malfeasance.
Prosecutor Rus has been sentenced to 40 to 50 years to ensure that "the defendant will not commit it again."The defense lawyer group argued that Fried had ignored risk management, but did not steal customer funds. It was appropriate for the sentence of less than six years. This allowed him to "return to society and play a positive role."The lawyer of the defense said that Fried was not a "ruthless financial serial killer", but a "clumsy mathematical nerd", and also said that he worked hard to let customers get money back.
The prosecution mentioned that Bernie Madoff, who was charged with the Ponzi scheme, was sentenced to 150 years. The Manhattan Federal Court now sentenced Fried to the former president of Anran Group Jeffrey Skilling (Jeffrey Skilling) 24 years in prison for accounting fraud.Former federal prosecutor Beni said that the 25th year of imprisonment was "a long period of sentence."
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Fried graduated from the Massachusetts Institute of Technology, and his father Joseph and his mother Barbara was a professor of law at Stanford University.Before the age of 30, Fried was a billionaire. He transformed the small startup FTX founded with partners in 2019 into the world's second largest trading platform. The FTX's valuation in early 2022 was about $ 32 billion.
TheFTX Empire collapsed in November 2022 and could not deal with the withdrawal request. Some of the company's funds had been transferred to Fried's personal hedge fund Alameda Research for high -risk operation.
Fried colleagues pointed out during the trial that he was a key decision maker that caused the company to lose $ 8 billion.Former Alameda president Caroline Ellison said Alameda stole about $ 14 billion in FTX customers.She claimed that Fried instructed her to commit crimes.Erisen is also Freid's intermittent girlfriend.
Judge Kaplan also ordered Freud to charge about $ 11 billion in assets.When the judge gave a speech, Fried was expressionless, but he stated that he would appeal to the convicted verdict and sentence.
FTX has exceeded 1 million global users. Some previous customers expressed anger and disappointment about the verdict, thinking that Fried's punishment was too light.London resident Sonier Kafari said that he had a deposit and originally wanted to use it in buying a house and the education of children, but now he was lost.
