- SBF’s trial raises speculation of a 150-year prison term like Bernie Madoff.
- Details of Kevin O’Leary’s $15.7 million FTX promotion deal emerged.
- O’Leary commits to supporting Sam Bankman-Fried in future ventures.
Amid the commencement of the trial of Sam Bankman-Fried (SBF), the disgraced founder of the bankrupt FTX exchange, the crypto community speculates about the possibility of the former crypto CEO bagging a 150-year jail term.
In a recent tweet, a crypto influencer named Andrew claimed to have received new information concerning the court proceedings of SBF. Andrew reported that the prosecution has revealed Bankman-Fried was never offered a plea deal.
UPDATE: per court proceedings in the @SBF_FTX fraud case today…– prosecution states that SBF was NEVER offered a plea deal. – ^ means Caroline, Ryan, and Gary provided meaningful intel to convict. – DOJ source earlier today said the following: “a light sentence would be 30…— Andrew (@AP_Abacus) October 3, 2023
Furthermore, Andrew claimed that a Department of Justice (DOJ) source shared a significant statement about SBF’s fate. According to the reported DOJ source, even a relatively lenient sentence for Sam Bankman-Fried would be 30 years behind bars.
Moreover, the statement drew parallels to one of the most infamous financial fraud cases in history, Bernie Madoff, who received a staggering 150-year sentence.
Coffeezilla, a well-known figure in the crypto community renowned for exposing scams, weighed in on the SBF matter. He reiterated the lack of a plea deal for Sam Bankman-Fried and underscored the potential gravity of the situation.
Meanwhile, in a separate conversation thread, Coffeezilla unearthed the staggering amount of money a prominent promoter of FTX received from the disgraced CEO. Coffeezilla disclosed that the millionaire “Shark Tank” television personality, Kevin O’Leary, was paid nearly $1 million per hour to promote and defend SBF.
Now we know why Kevin O’Leary likes SBF so much. He was paid nearly $1 million per hour to shill for Sam. All time grifter. pic.twitter.com/3TVllNBXjb— Coffeezilla (@coffeebreak_YT) October 3, 2023
According to the screenshot accompanying the tweet, O’Leary allegedly received a paycheck for $15.7 million for providing “twenty service hours, 20 social media posts, one virtual lunch, and five autographs” to promote the bankrupt FTX exchange.
Interestingly, O’Leary was asked during an interview if he would back Bankman-Fried once again in another crypto-based venture. He stated, “Yes.”
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