FTX Founder Sam Bankman-Fried Headed To Prison, What Was He Convicted Of?

The jury in the trial of the former CEO of the defunct crypto exchange FTX, Sam Bankman-Fried (SBF), gave its verdict on November 2 in what signals the beginning of the end for the one-time billionaire who faces a long prison term following his conviction.

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Tax Evasion Puts Oyster Protocol’s Founder In Jail For 4 Years

The court has sentenced Amir Bruno Elmaani, the founder of the defunct crypto firm Oyster Protocol, to four years in prison for evading taxes. According to the US Attorney’s Office’s October 31 statement, 31-year-old Elmaani, alias Bruno Block, received the sentence after pleading guilty on April 6.

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Oyster Protocol imprisoned for $5.5m in tax offenses

Oyster Protocol founder Amir Bruno Elmaani admitted he had secretly minted and sold the project’s PRL tokens for his gain. Elmaani will spend four years in prison for causing $5.5 million in tax losses. In a press release on Oct.…

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FTX Ramps Up Restitution Efforts, Subpoenas AI Firm CAIS Over $6.5M Investment

Bankrupt crypto exchange FTX, led by newly appointed CEO John Ray III, has embarked on an intensive legal campaign to regain control and recover assets in its pursuit of financial restitution.   As founder Sam Bankman-Fried awaits possible conviction and faces a staggering 114 years in prison if found guilty, FTX’s asset recovery plan continues under Ray’s leadership.

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Silk Road founder fears he’ll spend life in prison

The founder of one of the largest darknet platforms, Silk Road, Ross Ulbricht, has spent 10 years behind bars.

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Crypto firm 3AC's founder Su Zhu arrested in Singapore

3AC founder Su Zhu has been arrested by the Singapore authorities The founder along with his partner Kyle Davies has been sentenced to 4 months of prison time Su Zhu, co-founder of Three ArrThe post Crypto firm 3AC's founder Su Zhu arrested in Singapore appeared first on AMBCrypto.

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SBF’s lawyers file another request for temporary release from jail

Lawyers for FTX founder Sam Bankman-Fried have filed a new request to temporarily release him from prison to prepare for legal battles.

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Sam Bankman-Fried (Probably) Won’t Get a 115-Year Prison Sentence

If he’s convicted of wire fraud and/or conspiracy charges, FTX founder Sam Bankman-Fried will probably spend quite a bit of time behind bars. But there’s a good chance the 31-year-old won’t spend the rest of his life in prison.

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OneCoin Co-Founder Receives 20-Year Sentence and $300M Fine

The founder of OneCoin has been sentenced to 20 years in prison.

The post OneCoin Co-Founder Receives 20-Year Sentence and $300M Fine appeared first on BeInCrypto.

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No Bars Behind Bars? FTX Founder's Lawyers Decry Shoddy Prison Internet

Having poor internet connection is not just inconvenient — it could also impact course of justice; that is what lawyers for FTX founder Samuel Bankman-Fried are arguing in recent court filing

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Thodex Founder Gets 11,196 Year Prison Sentence

After being extradited from Albania last year, Thodex funder Faruk Fatih Ozer has been sentenced to over 11,000 years in jail.

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Why This Crypto Exchange Founder Got 11,000 Years In Prison

A little over a year ago, Faruk Fatih Ozer, founder and CEO of crypto exchange Thodex was arrested by Turkish authorities. After a long trial, Fatih was sentenced to over 11,000 years in prison after being found guilty of several financial crimes.

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Founder of Turkish crypto exchange sentenced to over 11,000 years in prison

Thodex once stood as one of Turkey's largest cryptocurrency exchanges, but it abruptly went offline in April 2021. The collapse of the exchange had a profound impact on Turkish citizens, as cryThe post Founder of Turkish crypto exchange sentenced to over 11,000 years in prison appeared first on AMBCrypto.

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Turkey sentences Thodex founder to over 11,000 years in prison

Turkish crypto exchange Thodex’s founder and his two siblings face over 11,000 years in jail each after being convicted of fraud, money laundering, and running a criminal organization. A Turkish court sentenced Faruk Fatih Ozer — the man behind Thodex,…

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SBF Claims Prison Roll-Call Disrupts Review Time

FTX founder Sam Bankman-Fried (SBF) is facing issues with his discovery materials review process in prison due to frequent interruptions and varying internet speeds, according to a court filing. The post SBF Claims Prison Roll-Call Disrupts Review Time appeared first on BeInCrypto.

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Sam Bankman-Fried’s Lawyers Given Green Light for Unlimited Prison Visits

The FTX founder's lawyers will visit him in prison to prepare their defense after a judge denied Bankman-Fried’s request to have daily meetings at his lawyers’ Manhattan office.

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Sam Bankman-Fried arrested as bail is revoked

Sam Bankman-Fried, the founder and former CEO of FTX, has had his bail revoked and will now be held in prison, Reuters said on Aug. 11. That report indicates that U. S. District Judge Lewis Kaplan revoked Bankman-Fried’s bail following earlier concerns about witness tampering.

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Breaking: FTX founder Sam Bankman-Fried jailed for tampering with witnesses

Sam Bankman-Fried has been found guilty of violating bail conditions and as a result, has been sentenced to jail The former FTX CEO will be allowed to have access to the Internet in prison SThe post Breaking: FTX founder Sam Bankman-Fried jailed for tampering with witnesses appeared first on AMBCrypto.

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Do Kwon Guilty of Passport Forgery; Sentenced to 4 Months in Montenegrin Prison

Do Kwon, the founder and former CEO of Terraform Labs, and former chief financial officer of Terra, Han Chang-joon, has been found guilty of passport forgery and sentenced to four...

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Just In: LUNA Founder Do Kwon Slammed with 4-Month Sentence in Prison

Creator of Terra, the embattled Do Kwon, has been sentenced, but it's not about LUNA token crash

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My Big Coin founder sentenced to 8 years in prison for fraud

My Big Coin founder Randall Crater has been found guilty of committing wired fraud and unlawful monetary transactions. He is sentenced to 100 months in jail and $7.6 million in fines. My Big Coin fraud story Randall, 52, of Lake…

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Former SEC Chair Discusses SBF’s Options To Avoid Life In Prison

The founder and former CEO of failed crypto exchange FTX, Sam Bankman-Fried (SBF), stirred controversy one more time. Following his extradition from the Bahamas to the United States, the crypto company founder was released into the custody of his parents.

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SBF spent first night in prison in ‘good spirits’

FTX founder Sam Bankman-Fried spent his first night in prison “in good spirits,” the Nassau Guardian reported, citing Bahamas Acting Commissioner of Corrections Doan Cleare. The post SBF spent first night in prison in ‘good spirits’ appeared first on CryptoSlate.

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From A Penthouse To No Bed: FTX Founder Sent to Prison Unfit for Humanity

The co-founder and former CEO at failed crypto exchange FTX, Sam Bankman-Fried (SBF), was taken into custody by Bahamian authorities. According to recent reports, SBF was taken to one of the worst prisons in the world, called Fox Hill.

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Bithumb Founder Could Face Eight Years in Prison for $70 Million Fraud Charges

South Korean prosecutors are seeking an eight years sentence for the founder of Bithumb, Lee Jung-hoon, on charges that he defrauded the chairman of cosmetic surgery company BK Group, Kim Byung Gun, of 100 billion won (around $70 million).

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Bithumb Founder Could Face 8 Years in Prison Over $70M Fraud

The founder of Bithumb crypto exchange is facing a potential eight-year prison sentence over allegations of a $70 million fraud. The post Bithumb Founder Could Face 8 Years in Prison Over $70M Fraud appeared first on BeInCrypto.

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Silk Road Founder Ross Ulbricht Begins His 10th Year in Prison

On ninth anniversary of his imprisonment, living legend of early Bitcoin (BTC) movement shares message to his supporters

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Bitmex’s Arthur Hayes Requests Leniency, No Jail Time for Violating the US Bank Secrecy Act

Quick take: Bitmex’s founder and former CEO, Arthur Hayes, has requested leniency from the judge handling his court case Mr. Hayes is requesting no jail time and permission to live abroad and travel freely His lawyers have also asked for probation with no home detention or community confinement Arthur Hayes had struck a plea deal that would result in a prison sentence of 6 to 12 months The founder of Bitmex and former CEO, Arthur Hayes, is requesting leniency from […]

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Bitcoin Pioneer Ross Ulbricht Auctioning Original Artwork, NFT Created In Prison

Ross Ulbricht, founder of darknet bitcoin marketplace Silk Road, is auctioning a series of art created while serving his life sentence.

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Founder of Silk Road set to launch NFT collection

Founder of now-defunct illegal website set to launch Bitcoin NFT collection from prison; here’s more info about this development Silk Road: Dark force on the Dark Web For a considerable amount of us, when we hear the phrase Silk Road, we imagine the ancient trade route from China in the Far East, all the way […] The post Founder of Silk Road set to launch NFT collection appeared first on NFT News Today.

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Silk Road Founder Ross Ulbricht Plans To Release His NFTs Amid Divided Opinions

Ross Ulbricht, the mastermind of The Silk Road reveals plans to launch his NFTs. Proceeds from the sale will be used to set up a trust with the aim of securing his release from prison. Ross Ulbricht is currently serving a double life imprisonment sentence for his role in the Silk Road. Founder of the […]

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Eccentric Crypto Evangelist John McAfee Reportedly Commits Suicide in Spanish Prison

British-American computer programmer, founder of one of the earliest software anti-virus companies McAfee Associates, and cryptocurrency evangelist was reportedly committed suicide in a prison in Spain.

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John McAfee: Praise And Conspiracy Theories Follow The Death Of The Antivirus Software Mogul

John McAfee, the founder of the antivirus software company McAfee, was found dead in his cell in Spain, apparently by suicide, just hours after the country’s highest court approved his extradition to the United States, where he was wanted on tax-related criminal charges carrying a maximum sentence of 30 years in prison. John McAfee: Crypto […]

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Silk Road Founder Ross Ulbricht Speaks Publicly for the First Time Since 2013

At the Bitcoin 2021 conference in Miami, attendees listened to the first phone interview with the Silk Road’s Ross Ulbricht from the depths of the maximum-security prison in Tucson, Arizona. During the interview, Ulbricht spoke about bitcoin and how the decentralized crypto asset is “transforming the global economy.

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In First Interview Since Arrest, Silk Road Founder Ross Ulbricht Appeals To Bitcoin Users

Ross Ulbricht, founder of infamous bitcoin-based darknet marketplace Silk Road, called Bitcoin Magazine from prison to appeal for freedom.

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Ross Ulbricht Sues Federal Government, Alleges Religious Rights Are Being Violated In Prison

Ross Ulbricht, founder of Bitcoin darknet marketplace Silk Road, is suing over the right to communicate with his father.

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Crypto Hedge Funds Defraud $100 Million From Investors, Founder Faces 20 Years in Prison

The founder of two cryptocurrency hedge funds has been charged in U. S. federal court for securities fraud. He has pleaded guilty and is facing up to 20 years in prison. His two funds cumulatively had over $100 million in investments.

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Crypto Founder Faces 10 Years in Prison Over Millions of Dollars in Exit Scam Without Paying Taxes

A cryptocurrency founder has been arrested and is facing up to 10 years imprisonment for tax evasion after running an exit scam. He allegedly made millions of dollars from his cryptocurrency and used an elaborate scheme to avoid paying taxes.

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BTC-e Saga Ends in Prison Time for Founder

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Crypto Founder Sentenced to Seven Years in Prison for $25 Million Scam

A federal court in Manhattan sentenced the founder of a $25 million ICO scam to 87 months and a fine of up to $250,000.

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Silk Road Founder Ross Ulbricht: 'The Sky is the Limit' for Bitcoin

Writing from prison, Ross Ulbricht predicts the third wave of Bitcoin may result in prices rarely dropping below $20,000

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Silk Road Founder Shares Update from Prison Amidst COVID-19 Pandemic

Incarcerated Silk Road founder Ross Ulbricht says that he 'feels well' as coronavirus cases surge at a rapid pace in prisons

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Gemcoin Founder Admits to Fraud in $147 Million Scheme

Gemcoin mastermind faces 10-year prison sentence over $147 million cryptocurrency scheme

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OneCoin Founder’s Brother Arrested in Los Angeles Now Risks 90 Years in Prison

Konstantin Ignatov, brother of the missing Cryptoqueen founder of OneCoin, pleads guilty to actions related to the known scam and now faces 90 years in prison. According to a BBC report on November 14, Ignatov will not risk further charges and could apply to the US witness protection.

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Silk Road Founder Gets Support from Charlie Kirk: "Total Miscarriage of Justice"

Conservative commentator and Trump supporter Charlie Kirk is appalled by Ross Ulbricht's draconian prison sentence

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Petition for Clemency for Silk Road Founder Ross Ulbricht Nears 200k Signatures

Silk Road founder Ross Ulbricht has spent six years in prison and has 34 years and two life sentences to go unless a petition spearheaded by his mother and sister lead to a grant of clemency. 195K Signatures and Counting For Ulbricht A petition seeking clemency for Silk Road founder Ross Ulbricht is quickly approaching 200,000 signatures.

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Plea Bargain Means Silk Road 2 Admin Will Likely See No Prison Time

Following the sentencing of Thomas White, the founder of the Silk Road 2 (SR2) marketplace during the first week of April, another SR2 administrator may evade prosecution. According to reports, SR2 admin Blake Benthall cooperated with global law enforcement and may only face fines for avoiding taxes.

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‘Bitcoin Jesus’ Preaches Libertarian Gospel of Crypto & Crack Cocaine

By CCN: Roger Ver took to YouTube to read another letter from Ross Ulbricht, creator of the first darknet market using Bitcoin. The libertarian idealist used the opportunity to rail against the war on drugs.

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Wikileaks Founder Julian Assange Arrested in London, Site’s Bitcoin Donations Spike

Julian Assange, co-founder of Wikileaks and early Bitcoin supporter, was arrested at the Ecuadorian Embassy in London and faces extradition to the U. S. on conspiracy charges.

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