{"id":149334,"date":"2023-11-04T10:09:18","date_gmt":"2023-11-04T14:09:18","guid":{"rendered":"https:\/\/valorguardians.com\/blog\/?p=149334"},"modified":"2023-11-04T10:29:40","modified_gmt":"2023-11-04T14:29:40","slug":"crypto-clown-guilty","status":"publish","type":"post","link":"https:\/\/www.azuse.cloud\/?p=149334","title":{"rendered":"Crypto-Clown Guilty"},"content":{"rendered":"

\"\"
\nTrust me<\/em><\/p>\n

He was called the J.P. Morgan of crypto, the next Warren Buffett. He was reinventing money itself!<\/p>\n

He cultivated high-profile people and programs. Star quarterback Tom Brady and then-wife supermodel Gisele B\u00fcndchen became ambassadors for his FTX crypto exchange and reportedly received equity in the company as compensation. In June 2021, the company announced a deal with MLB that placed the FTX logo on all umpires\u2019 uniforms.<\/p>\n

\u201cFTX has an industry-leading brand, endorsed by some of the most trustworthy public figures, including Tom Brady, MLB, Gisele Bundchen, Stephen Curry, and the Miami Heat” a sales pitch boasted.<\/p>\n

No one asked the obvious, how was he so successful when everyone else in the market was hemorrhaging money?<\/p>\n

Easy, fraud.<\/p>\n

Sam Bankman-Fried: What’s next for FTX founder, friends, and family of crypto fraudster?<\/h3>\n

by Barnini Chakraborty, Senior Investigations Reporter<\/strong><\/p>\n

Three of FTX founder Sam Bankman-Fried’s closest friends helped federal prosecutors put the final nail in his coffin in one of the largest fraud trials in the country’s history.<\/p>\n

Now that the former crypto king has been found guilty of seven federal charges stemming from the stunning collapse of his cryptocurrency exchange and affiliated hedge fund, what’s in store for the former friends who helped bring him down? How much time is Bankman-Fried looking at behind bars, and what’s next for him as well as his parents, who are tangled in the mess?<\/p>\n

When will Bankman-Fried be sentenced?<\/strong><\/p>\n

U.S. District Judge Lewis Kaplan set Bankman-Fried’s sentencing for March 28, 2024.<\/p>\n

How much prison time will Bankman-Fried get?<\/strong><\/p>\n

While most white-collar criminals end up receiving only a fraction of the prison time allowed under federal law, prosecutors may argue that Bankman-Fried should get the max, 110 years, because his crimes affected thousands of people and he showed very little remorse at his trial.<\/p><\/blockquote>\n

Washington Examiner<\/a><\/p>\n

Not so rosey for Mr. Bankman-Fried now that the Adderall has worn off. Mom and Dad are quite the pair too. Both of the tenured Stanford law professors have been named in a lawsuit that claims they received a $10M cash gift and Bahamas property worth $16.4M. Both are also accused they knew directly or “ignored bright red flags\u201d that their son and his partners were \u201corchestrating a vast fraudulent scheme.\u201d<\/p>\n

Joseph Bankman specializes in tax law, while Barbara Fried is an expert in legal ethics.<\/p>\n","protected":false},"excerpt":{"rendered":"

Trust me He was called the J.P. Morgan of crypto, the next Warren Buffett. He was … Crypto-Clown Guilty<\/span>Read more<\/a><\/p>\n","protected":false},"author":657,"featured_media":149335,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[209,680,15],"tags":[],"class_list":["post-149334","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-teh-stoopid","category-caveat-emptor","category-legal"],"_links":{"self":[{"href":"https:\/\/www.azuse.cloud\/index.php?rest_route=\/wp\/v2\/posts\/149334","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.azuse.cloud\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.azuse.cloud\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.azuse.cloud\/index.php?rest_route=\/wp\/v2\/users\/657"}],"replies":[{"embeddable":true,"href":"https:\/\/www.azuse.cloud\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=149334"}],"version-history":[{"count":0,"href":"https:\/\/www.azuse.cloud\/index.php?rest_route=\/wp\/v2\/posts\/149334\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.azuse.cloud\/index.php?rest_route=\/wp\/v2\/media\/149335"}],"wp:attachment":[{"href":"https:\/\/www.azuse.cloud\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=149334"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.azuse.cloud\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=149334"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.azuse.cloud\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=149334"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}