Two Different Sentences for FTX Founder Sam Bankman-Fried: 25 Years and $11 Billion vs. 16 Months and $8 Billion Losses

The founder of FTX, Sam Bankman-Fried, has been sentenced to 16 months in prison and charged with eight criminal counts, including money laundering and conspiracy. He was involved in a scheme that caused customers to lose $8 billion and allegedly diverted customer funds to Alameda. Bankman-Fried's lawyers had requested a lighter sentence, but the judge rejected their argument that the collapsed company had vowed to return money to its customers. Prosecutors had sought up to 50 years in prison for Bankman-Fried.