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UNCHAINED: How 'a Criminal Choice' Got Sam Bankman-Fried a 25-Year Prison Sentence

UNCHAINED: How 'a Criminal Choice' Got Sam Bankman-Fried a 25-Year Prison Sentence

FromCoinDesk Podcast Network


UNCHAINED: How 'a Criminal Choice' Got Sam Bankman-Fried a 25-Year Prison Sentence

FromCoinDesk Podcast Network

ratings:
Length:
46 minutes
Released:
Mar 30, 2024
Format:
Podcast episode

Description

Get the scoops on all the details of former FTX CEO Sam Bankman-Fried’s 25-year prison sentence, plus the other conditions of punishment. Listen to the episode on Apple Podcasts, Spotify, Fountain, Overcast, Podcast Addict, Pocket Casts, Pandora, Castbox, Google Podcasts, Amazon Music, or on your favorite podcast platform.Sam Bankman-Fried (SBF), FTX's co-founder, was sentenced to 25 years in prison and $11 billion in forfeiture for massive fraud, marking a historic moment in the crypto industry. Judge Lewis Kaplan emphasized the sentence's necessity due to Bankman-Fried's risk-oriented decision-making philosophy known as “expected value” and lack of remorse. Sam Enzer joined Unchained to unpack the sentencing, discussing the fairness of the length, explaining how the $11 billion forfeiture would work and how it’s different from the bankruptcy proceedings. Additionally, Enzer provided insights into the kind of prison SBF would end up in and into the three-year supervised release SBF will face after his prison term. The conversation further delved into the broader impact of the sentencing on the crypto industry, suggesting it could signify the end of a dark chapter. Show highlights: Whether the 25-year sentence is fair, according to SamWhat the $11 billion in forfeiture means for SBFWhether the assets of SBF actually belong to the FTX estateWhere SBF will likely go to prison and why Sam believes that SBF will not go to a maximum security prisonWhen the clock starts ticking for the 25-year sentenceWhy SBF will not be eligible for parole and whether he could get "good time credit"What the defense will attempt in appealing the convictionWhat types of behavior could get SBF enough credit to appeal for a reduced sentenceWhy SBF will have to be supervised for three years after his releaseHow SBF’s philosophy about “expected value,” was the theme of the crime, according to Judge KaplanWhether the co-conspirators, such as Caroline Ellison, will be sentenced and serve in prisonWhy Sam says that the sentencing represented "the closing of a dark chapter" in cryptoThank you to our sponsors!   iTrustCapital  |  PolkadotGuestSam Enzer, Partner at Cahill Gordon & ReindelPrevious appearances on Unchained:Why the SEC’s Case Against Coinbase Is So Significant for CryptoWhy SBF’s Testimony So Far Has Likely Already Doomed HimAnother Bad Week for Sam Bankman-Fried in His Criminal TrialWhy These Lawyers Say It’s Over for SBF-But His Only Hail Mary Is to TestifySBF Trial: How Sam Bankman-Fried’s Lawyers Might Try and Win His CaseSBF’s Lawyers Could Be Annoying the Judge How Might That Impact the Trial?LinksUnchained: FTX Founder Sam Bankman-Fried Sentenced to 25 Years for Historic FraudSBF’s Prison Sentencing Is Coming Up. How Many Years Will He Get?Is Prison Crypto’s New Glow-Up? Post-Incarceration Do Kwon and SBF Are AdmiredWhat to Expect from Sam Bankman-Fried’s Sentencing – and the Lessons We Should LearnHow Sam Bankman-Fried’s Sentencing Went Down: A Timeline of Events -Unchained Podcast is Produced by Laura Shin Media, LLC.  Distributed by CoinDesk. Senior Producer is Michele Musso and Executive Producer is Jared Schwartz. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Released:
Mar 30, 2024
Format:
Podcast episode

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