The Guardian Australia – Business ·business ·3 hours ago

Sam Bankman-Fried loses bid to appeal against fraud conviction in FTX case

Sam Bankman-Fried lost his appeal against a fraud conviction on Friday, resulting in a 25-year prison sentence. A three-judge panel upheld the ruling, citing overwhelming evidence of his guilt in stealing $8 billion from FTX customers. Bankman-Fried, a former crypto mogul, is incarcerated in California and eligible for release in 2044.

Summary by OZbrief · The Guardian Australia – Business

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