Sam Bankman Freed has been sentenced to 25 years in prison and lawyers are gearing up for a legal

fight over the Baltimore Bridge collapse.

What we've got here, this is one of the biggest ever machine insurance losses.

It's very complicated.

There's lots of different types of claims including for things like businesses that have lost revenue, the port itself,

clearing the wreckage. So it's a very complicated situation.

Plus why a bond reclassification might be raising your electricity bill.

It's Thursday March 28th, I'm Anne Marie Fertoli

for the Wall Street Journal. This is the PM edition of What's News, the top headlines and

business stories that move the world today. FTS founder, Sam Bankman Freed has been sentenced to 25 years in prison for fraud tied to the collapse of the digital exchange.

Last year a jury found him guilty of stealing billions of dollars from FTX customers

and defrauding investors and lenders to his crypto investment firm Alameda.

Cryptocurrency reporter Caitlin Ostroff has more on his sentencing today.

Judge Lewis Kaplan, who's been citing over the trial, said that 25 years felt like a fit sentence, that wasn't overly burdensome but that

fit the severity of the crimes Bankman Freed was convicted for and he also

added on that you know one of the things that weighed into his thinking was that Bankman Freed committed perjury when he testified before the jury.

And he also spoke about the risk of Bankman Freed basically committing similar crimes or attempting to commit similar crimes in the future and how the way that Bankman Freed thought about risk and the testimony of others from the trial who said that he took these

very kind of calculated risks of what he thought could be really good bets even if they could also end up disastrously

meant that Bankman freed still posed risk of doing somewhere crimes again if he

re-entered society too soon.

Federal prosecutor said Bankman Freed committed one of the greatest financial frauds in US history.

Today, in a 20 minute statement before you was sentenced, he said, quote,

...