Want to create an interactive transcript for this episode?
Podcast: Sam Bankman-Fried - Biography Flash
Episode: Breaking News: FTX Founder Sam Bankman-Freed Sentenced to 25 Years in Prison for Massive Crypto Fraud
Description: In a stunning conclusion to one of the biggest financial fraud cases in U.S. history, Sam Bankman-Freed, the once-celebrated founder of the now-defunct cryptocurrency exchange FTX, was sentenced to 25 years in prison on Thursday. U.S. District Judge Lewis Kaplan handed down the sentence in a Lower Manhattan federal courtroom, rejecting Bankman-Freed's claims that FTX customers did not suffer substantial losses and accusing him of obstruction of justice and witness tampering during his defense.Bankman-Freed, 32, was convicted on seven criminal counts in November for his role in defrauding FTX users of $8 billion. In a statement before the...