'Crypto King' Sam Bankman-Fried is jailed for 25 years for fraud
Global News Podcast
BBC
4.3 • 8.2K Ratings
🗓️ 29 March 2024
⏱️ 30 minutes
🧾️ Download transcript
Summary
Co-founder of the failed crypto exchange FTX, Sam Bankman-Fried, defrauded customers and investors of his now-bankrupt firm. Also: France moves closer to a ban on hair discrimination, and study says climate change could affect timekeeping.
Transcript
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| 0:00.0 | Where to be a woman is the podcast celebrating the best of women's well-being. |
| 0:05.0 | Listen now wherever you get your BBC podcasts. |
| 0:09.0 | This is the Global News Podcast from the BBC World Service. |
| 0:16.0 | I'm Rachel Wright and in the early hours of Friday the 29th of March these are our main stories. |
| 0:22.0 | The former cryptocurrency billionaire Sam |
| 0:25.0 | Bankman-freed has been sentenced to 25 years in jail for one of the biggest |
| 0:29.4 | financial frauds in US history. The International Court of Justice has ordered Israel to take urgent |
| 0:35.6 | action to ensure basic food supplies to Palestinians in Gaza, saying starvation is spreading. |
| 0:42.4 | Doctors have reported a sharp increase in cases of |
| 0:45.1 | dengue fever in the Americas which could be linked to global warming. |
| 0:49.2 | Also in this podcast, the |
| 0:54.0 | the bill states that it's against the law to discriminate on the basis of the cut, |
| 0:59.0 | length, color or texture of a person's hair. |
| 1:02.0 | The French Lower House of Parliament begins the legal process to protect against Bankman freed goes, the circus follows. |
| 1:19.0 | Thursday was no exception. |
| 1:21.0 | As the world's media gathered outside a court in Manhattan in New York, the |
| 1:25.2 | former crypto king arrived with his trademark bushy black hair, but wearing prison clothes |
| 1:30.6 | supplied by a detention center. |
| 1:33.1 | He's been held there since August last year when a judge revoked his bail |
| 1:37.3 | because of what he called likely tampering with witnesses. |
| 1:41.1 | But with a sentence of 25 years for stealing $8 billion from the customers of the now bankrupt |
| 1:47.1 | FTX cryptocurrency exchange, it may be Sam Bankman-Freed's last appearance in public for some time. His parents, who are both |
... |
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