Sam Bankman-Fried sent to ‘notoriously hard’ prison in central California

Quick Summary:

"He’s gone from a five-star hotel down to a one-star hotel,” said one federal prison consultant, in reference to Bankman-Fried’s move from Brooklyn to California.

A jury previously found the former CEO guilty of fraud for siphoning more than $8 billion of customer funds from his crypto exchange in one of the largest financial crimes in U.S.history.

Levine guessed that Victorville was Bankman-Fried’s home for the foreseeable future.“It looks like he has been designated,” he said.

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Article Details

Author / Journalist: Ben Weiss

Category: EconomyBusiness

Markets: United States

Topics: Cryptocurrency Sam Bankman-Fried FTX

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-10 @ 20:13:18 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: fortune.com

Language: English

Article Length: 489 words

Reading Time: 3 minutes read

Sentences: 5 lines

Sentence Length: 98 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Fortune

News ID: 27778246

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Official Website: fortune.com

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