Evening Edition: Why Sam Bankman-Fried Should Not Be Shown Leniency

The Fox News Rundown

FOX News Podcasts

Daily News, News, Politics

3.4 • 1.7K Ratings

🗓️ 19 March 2024

⏱️ 14 minutes

🔗️ Recording | iTunes | RSS

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Summary

Prosecutors are recommending that Sam Bankman-Fried be sentenced to up to 50 years in prison and fined up to $11 billion for his role in defrauding investors and mishandling billions of dollars worth of customer funds causing the collapse the of crypto exchange FTX in 2022. The defense has urged the District Judge that he spend no more than six and a half years behind bars for his crimes. FOX's John Saucier speaks with Scott Bessent, CEO for 'Key Square Group', a Greenwich, Charleston and London based partnership founded in 2015, who says Sam Bankman-Fried should not be shown any leniency at his sentencing. Click Here To Follow 'The FOX News Rundown: Evening Edition' Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:27.0	I'm Ashley Webster.
0:31.0	I'm Kennedy.
0:32.0	I'm Jason Chaffetz, and this is the Fox News
0:34.5	rundown Tuesday March 19th 2024 I'm John saucier We know the Sam Bangman Freed was found guilty last year of defrauding
0:46.0	investors related to the massive downfall of his crypto exchange company FTX in 2022.
0:51.2	What we're still waiting to learn is how he'll be punished for it.
0:55.0	His lawyers have submitted their recommendations, but some others in the financial world say their ideas would be a slap in the face
1:01.0	everyone who lost money in this scheme.
1:02.7	I think it's very important for average Americans to see that justice is blind, especially
1:09.4	regardless of wealth or social status.
1:12.8	This is the Fox News rundown, evening edition.
1:16.4	This episode is brought to you by Cracken.
1:23.0	Cripo is like the financial system, but different.
	...

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