Crypto entrepreneur Sam Bankman-Fried was sentenced Thursday to 25 years in prison for a massive fraud that unraveled with the collapse of Ftx, once one of the world’s most popular platforms for exchanging digital currency.
Bankman-Fried, 32, was convicted in November of fraud and conspiracy — a dramatic fall from a crest of success that included a Super Bowl advertisement and celebrity endorsements from stars like quarterback Tom Brady, basketball star Stephen Curry and comedian Larry David.
U.S. District Judge Lewis A. Kaplan imposed the sentence in the same Manhattan courtroom where, four months ago, Bankman-Fried testified that his intention had been to revolutionize the emerging cryptocurrency market with his innovative and altruistic ideas, not to steal.
Kaplan said the sentence reflected “that there is a risk that this man will be in position to do something very bad in the future. And it’s not a trivial risk at all.
Bankman-Fried, 32, was convicted in November of fraud and conspiracy — a dramatic fall from a crest of success that included a Super Bowl advertisement and celebrity endorsements from stars like quarterback Tom Brady, basketball star Stephen Curry and comedian Larry David.
U.S. District Judge Lewis A. Kaplan imposed the sentence in the same Manhattan courtroom where, four months ago, Bankman-Fried testified that his intention had been to revolutionize the emerging cryptocurrency market with his innovative and altruistic ideas, not to steal.
Kaplan said the sentence reflected “that there is a risk that this man will be in position to do something very bad in the future. And it’s not a trivial risk at all.
- 3/28/2024
- by The Associated Press
- The Hollywood Reporter - Movie News
A new Peacock docuseries about the ex-wife and family of suspected Long Island serial killer Rex Heuermann has unsurprisingly irked authorities and some families of victims potentially tied to the case.
The project was first confirmed earlier this month, and, as The New York Times notes, camera crews have been spotted at the home of Heuermann’s ex, Asa Ellerup, as well as following her to one of Heuermann’s recent court hearings. 50 Cent’s G-Unit Productions is helping to develop the project along with Texas Crew Productions and New York Post Entertainment.
The project was first confirmed earlier this month, and, as The New York Times notes, camera crews have been spotted at the home of Heuermann’s ex, Asa Ellerup, as well as following her to one of Heuermann’s recent court hearings. 50 Cent’s G-Unit Productions is helping to develop the project along with Texas Crew Productions and New York Post Entertainment.
- 11/28/2023
- by Jon Blistein
- Rollingstone.com
John Regis, a comedian and entertainer who performed on talk shows and cruise ships and was a headliner on the Playboy Club circuit, died Aug. 19 in Los Angeles, magician Kerry Ross announced. He was 94.
As a “road comic” in the 1960s and ’70s, Regis was a regular at the Purple Onion and Hungry i nightclubs in San Francisco, toured Canada in a comedy show with Lyle Waggoner and opened for the likes of Bob Hope, Ray Charles, Rosemary Clooney, Stan Kenton, Woody Herman and Peter Marshall during his career.
He also showed up in the 1991 film Joey Takes a Cab, starring Lionel Stander; on talk shows hosted by Steve Allen, Della Reese, David Frost and Alan Thicke; and on stage in regional productions of Kiss Me Kate, Under the Yum Yum Tree, Sunday in New York and other plays.
Born John Ray and raised in the Ozarks, Regis produced “Tops...
As a “road comic” in the 1960s and ’70s, Regis was a regular at the Purple Onion and Hungry i nightclubs in San Francisco, toured Canada in a comedy show with Lyle Waggoner and opened for the likes of Bob Hope, Ray Charles, Rosemary Clooney, Stan Kenton, Woody Herman and Peter Marshall during his career.
He also showed up in the 1991 film Joey Takes a Cab, starring Lionel Stander; on talk shows hosted by Steve Allen, Della Reese, David Frost and Alan Thicke; and on stage in regional productions of Kiss Me Kate, Under the Yum Yum Tree, Sunday in New York and other plays.
Born John Ray and raised in the Ozarks, Regis produced “Tops...
- 9/5/2023
- by Mike Barnes
- The Hollywood Reporter - Movie News
Megadonor and disgraced crypto billionaire Sam Bankman-Fried burrowed his campaign cash so deep into the Democratic Party that lawmakers are now preparing internal investigations to be sure they’re rid of it — and prepared for any potential restitution to victims of Bankman-Fried’s crimes.
The campaign of Rep. Ritchie Torres (D-n.Y.) is currently conducting an internal assessment of any donations it may have received from political or professional associates of Bankman-Fried. Once those donations have been identified, the Torres campaign will set them aside for a fund it expects...
The campaign of Rep. Ritchie Torres (D-n.Y.) is currently conducting an internal assessment of any donations it may have received from political or professional associates of Bankman-Fried. Once those donations have been identified, the Torres campaign will set them aside for a fund it expects...
- 12/22/2022
- by Kara Voght
- Rollingstone.com
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