'Never a word of remorse': Judge's scathing rebuke of crypto fraudster Sam ... trends now

'Never a word of remorse': Judge's scathing rebuke of crypto fraudster Sam ... trends now

US District Judge Lewis Kaplan condemned Sam Bankman-Fried as a 'thief' who had never issued a 'word of remorse' before he sentenced him to 25 years in prison. 

Kaplan, who is also the judge on the Donald Trump - E. Jean Carroll defamation case, slammed the disgraced FTX founder in a furious tirade in court on Thursday.

He criticized the 'enormous harm that he did, the brazenness of his actions, his exceptional flexibility with the truth,' and 'his apparent lack of any remorse'.

Kaplan sentenced him to 25 years in prison - recommending a medium or low security jail - and ordered him to forfeit $11billion. 

He said: 'There is a risk this man will be in a position to do something very bad in the future and it's not a trivial risk.'

US District Judge Lewis Kaplan condemned Sam Bankman-Fried as a 'thief' and sentenced him to 25 years in jail

US District Judge Lewis Kaplan condemned Sam Bankman-Fried as a 'thief' and sentenced him to 25 years in jail

He explained how Bankman-Fried misappropriated billions of dollars

He explained how Bankman-Fried misappropriated billions of dollars

Throughout the hearing Kaplan walked back through all of the crimes committed by Bankman-Fried.  

He explained how he had misappropriated billions of dollars and illegally used money from FTX depositors to buy luxury properties in the Caribbean, bribe to Chinese officials and charter private planes.

Kaplan said he should not get leniency just because some investors and customers might get some of their losses back. 

He called the argument 'logically flawed' and 'speculative', saying customers lost about $8 billion, investors lost $1.7 billion and lenders were shorted by $1.3 billion.

Kaplan said: 'At the end of the day he knew it was wrong. He knew it was criminal. He regrets that he made a very bad bet about the likelihood of getting caught but he's not going to admit a thing.

'I think one of his pithier expressions was "I f****d up" but never a word of remorse for the commission of terrible crimes.'

He said: 'There is absolutely no doubt that Mr. Bankman-Fried's name right now is pretty much mud around the world.'

The long sentence is 'for the purpose of disabling him to the extent that can appropriately be done for a

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