217
With no access to crypto, disgraced FTX founder Sam Bankman-Fried is now trading fish to pay for services in prison
(www.businessinsider.com)
this post was submitted on 24 Nov 2023
217 points (89.5% liked)
Technology
59428 readers
3547 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related content.
- Be excellent to each another!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, to ask if your bot can be added please contact us.
- Check for duplicates before posting, duplicates may be removed
Approved Bots
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
He died....? Who will pay back the trillion $ fake gme shares he created?
The payback happened through a fund, where victims could apply, I suppose.
The sentence was to pay back 17 billion and 150 years in prison, so it was inevitable that he'd die in prison. The losses were estimated to be 18 billion, so he got off one billion short in that regard.
However, he paid another heavy price. Both sons died before him. One of them off'ed himsel on the anniversary of his father's arrest.
(To be honest, I just googled all of that. I've never heard any details on this case before because I live on the opposite side of the globe.)