Sam Bankman-Fried Gets 25 Years for Crypto Fraud (Newser Breaking News)

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March 28, 2024 Sponsored by Wise Bread   Happening Now Sam Bankman-Fried Gets 25 Years for Crypto Fraud Sam Bankman-Fried is going to federal prison for a long time over his fraud conviction in the world of crypto, though not as long as prosecutors wanted. Judge Lewis Kaplan on Thursday sentenced the 32-year-old former wunderkind to 25 years related to the collapse of his FTX crypto exchange, which cost his investors—many of them ordinary folks lured by celeb endorsements—bundles, reports the New York Times. Keep reading   From our sponsor Earn $200 After Spending $500 Earn a $200 bonus with these high earning rewards cards — that's like 40% cash rewards on your first $500 in spend. Plus, enjoy unlimited rewards. Start racking up huge cash rewards. Learn More   Today's 6 Most-Read Stories   Manage your subscriptions  |  Unsubscribe from Newser emails  |  Privacy Policy We'd love to hear from you. Send us a note at feedback@newser.com. Read our stories on MSN. Newser, LLC  |  1395 Brickell Avenue  |  Suite 800  |  Miami, Florida  |  33131 © 2024 Newser, LLC. All rights reserved