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Sam Bankman-Fried Sentenced to 25 Years in Prison for Cryptocurrency Fraud
Sam Bankman-Fried, the disgraced founder of the failed FTX cryptocurrency exchange, was sentenced to 25 years in prison by a federal judge Friday.
In December 2022, Bankman-Fried was arrested in the Bahamas and extradited to the U.S., where he was released on a $250 million bond with electronic monitoring and a requirement that he remain at his parents’ residence in Palo Alto, Calif. Amazon was quick to put an FTX limited series project in development last year from the Russo brothers Amazon-based AGBO Studios and writer David Weil, creator of “Hunters.” Investors in FTX had included Endeavor’s IMG sports division, NFL quarterback Tom Brady and New England Patriots owner Robert Kraft, according to bankruptcy court documents.
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