SBF to serve jail term in medium security prison near San Francisco, ordered to forfeit $11 Billion
Samuel Bankman-Fried, the former CEO of FTX, has been sentenced to serve his 24-year jail time in a medium-security prison, with a recommendation for a facility as close to the San Francisco – Bay Area as possible. This decision, made by Judge Lewis A. Kaplan during the sentencing on March 28, 2024, takes into account...