Sam Bankman Fried (SBF), the founder of FTX, was sentenced to 25 years of prison for fraud. His parents explored the possibility of ensuring a forgiveness for the son of the President of the United States Donald Trump.
According to reports, they met lawyers and individuals during Trump’s admission to discuss clemency.
Trump has granted the clemency to individuals in cases of high profile, including the recent forgiveness of the founder of Silk Road Ross Ulbricht. The SBF legal team claims that its sentence is excessive, in particular as they claim that most FTX customers managed to recover their funds. However, unlike Ulbricht, SBF does not like public support for his forgiveness.
Sam Bankman-Fried, previously sentenced to 25 years for his involvement in the fraud of the Cryptocurrency FTX, actively has his parents looking for an presidential forgiveness by Donald Trump. Various relationships indicate that legal experts are consulted, highlighting an attempt to mitigate …
– Mike Sylvester, CPA (@forWaynecpa) January 31, 2025
The FTX scandal deepens: the despair of the victims grows while Sam Bankman-Fried’s parents ask for Trump’s mercy
SBF was born on March 6, 1992 in Stanford, California. Barbara Fried and Joseph Bankman, professors at Stanford Law School, grew up with both parents. His first education included Mathcamp Canada/USA, a program for mathematically talented students.
Later, he pursued higher education at the Massachusetts Institute of Technology (MIT), where he graduated in 2014 with a degree in physics, also in mathematics. His academic background has laid the foundations for his future in finance and technology.
After the MIT, SBF’s career began with an internship at Jane Street Capital, a commercial company, where she exchanged international ETFs. He returned to Jane Street after graduating for full -time work. In 2017, he left Jane Street to briefly work at the Center for effective altruism, in which the philosophy of “effective altruism” influenced him, influencing his subsequent commercial decisions.
The rise and fall of fried Sam Bankman
His father is a professor in Stanford. So he is his mother.
Studied at MIT, child prodigy
Apparently sometimes being too intelligent is a negative thing
– Romano (@rnr_0) November 10, 2022
In November 2017, Bankman-Fried founded Alameda Research, a quantitative commercial company focused on digital activities. By 2019, Ftx launched, an exchange of cryptocurrencies. FTX has quickly become to become one of the greatest exchanges of cryptocurrencies, at some point worth $ 32 billion. Its wealth has reached an $ 26.5 billion peak, making it one of the most rich individuals under the age of 30 in history.
SBF and his managers, including his parents, have purchased numerous properties at the Bahamas, for a total of over $ 121 million. This included a $ 40 million penthouse in Albany, which used both residence and work space.
SBF Empire started crumbling in November 2022 after a Coindesk relationship highlighted financial issues between FTX and Alameda Research. This led to a racing of the sampling of customers who exposed the lack of liquidity and potential improper use of customer funds.
FTX presented bankruptcy and SBF request resigned from CEO. The investigations revealed accusations of fraud, including the use of customers of customers to finance Alameda’s research and for personal expenses.
Sam Bankman-Fried was arrested in Bahamas on December 12, 2022, just before he was due to testify to the congress. The Bahamian authorities acted on a request from the United States for his extradition to the United States for the process.
(source)
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The protests of the victims of FTX: anger, despair and requests for justice
According to the reports of sources such as Bloomberg, Joseph Bankman and Barbara Fried met lawyers and individuals close to Trump’s circle to discuss clemency for their son. These meetings took place in the week of January 2025.
During Sam Bankman-Fried’s sentence, the victims presented numerous impact statements. The victims expressed their personal and financial devastation caused by the collapse of the Aftx. The idea of clemency is depressing for those who have detailed their losses and emotional anguish in these statements.
Offensive! Sam Bankman-Fried’s parents are now pressing for an presidential forgiveness after having framed billions.
Justice should not be on sale. The collapse of the Aftx destroyed trust, canceled $ 8 billion in activity and damaged countless people.
No special deal for scammers. Let it serve …
– Cryptohondo (@crypthondo) January 31, 2025
Many victims believe that the request for clemency by SBF’s parents is an insult to the victims of FTX, who mostly lost their savings on life. The victims ask that justice be served without special considerations, taking into account the scale and the impact of the fraud.
Trump’s story to grant clemency, including high -profile cases such as Ross Ulbricht’s, could open the way for Sbf freedom. However, many in the cryptocurrency community see Ulbricht as a symbol of the fight against government control and individual privacy, free markets and decentralization. The Crypto community believes that Ulbricht’s case is a clear example of overcoming the government.
Will Trump be free SBF? “Destiny always goes as fate was.”
Related: Ross Ulbricht has lost $ 12 million in a Bot Mev on Solana
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The victims of Post Ftx dispersed while the parents call the president: will Trump free Sam Bankman-Frutta? He appeared first out of 99bitcoin.