Sam Bankman-Fried Sentencing: U.S. Attorney Damian Williams’ Statement

Damian
Williams,
U.S.
Attorney
for
the
Southern
District
of
New
York,
released


this
statement

on
social
media
platform
X
(formerly
twitter)
after
Sam
Bankman-Fried
was
sentenced
to
25
years
in
prison:

Samuel
Bankman-Fied
orchestrated
one
of
the
largest
financial
frauds
in
history,
stealing
over
$8
billion
of
his
customers’
money.
His
deliberate
and
ongoing
lies
demonstrated
a
brazen
disregard
for
customers’
expectations
and
disrespect
for
the
rule
of
law,
all
so
that
he
could
secretly
use
his
customers’
money
to
expand
his
own
power
and
influence.

The
scale
of
his
crimes
is
measured
not
just
by
the
amount
of
money
that
was
stolen,
but
by
the
extraordinary
harm
caused
to
victims,
who
in
some
cases
had
their
life
savings
wiped
out
overnight.
As
a
result
of
his
unprecedented
fraud,
Bankman-Fried
faces
25
years
in
prison,
forfeiture
of
over
a
billion
dollars
and
restitution
to
his
victims.

Today’s
sentence
will
prevent
the
defendant
from
ever
again
committing
fraud
and
is
an
important
message
to
others
who
might
be
tempted
to
engage
in
financial
crimes
that
justice
will
be
swift,
and
the
consequences
will
be
severe.

Here
are
the
full
press
releases
from
the

U.S.
Attorney’s
Office,
Southern
District
of
New
York
and

Office
of
Public
Affairs.

Read
more:



Sam
Bankman-Fried
Sentenced
to
25
Years
in
Prison