this post was submitted on 14 Aug 2023
470 points (98.4% liked)

Technology

58135 readers
4379 users here now

This is a most excellent place for technology news and articles.

Our Rules

  1. Follow the lemmy.world rules.
  2. Only tech related content.
  3. Be excellent to each another!
  4. Mod approved content bots can post up to 10 articles per day.
  5. Threads asking for personal tech support may be deleted.
  6. Politics threads may be removed.
  7. No memes allowed as posts, OK to post as comments.
  8. Only approved bots from the list below, to ask if your bot can be added please contact us.
  9. Check for duplicates before posting, duplicates may be removed

Approved Bots

founded 1 year ago
MODERATORS
L3s@lemmy.world
enu@lemm.ee
fry@fry.gs
L3s@fry.gs
enu@lemmy.world
L4s@fry.gs
L4s@lemmy.world
470
Sam Bankman-Fried is going to jail (arstechnica.com)
submitted 1 year ago by L4s@lemmy.world to c/technology@lemmy.world
32 comments fedilink hide all child comments
 

Sam Bankman-Fried is going to jail::Judge also denied SBF's request to delay jail time.

you are viewing a single comment's thread
view the rest of the comments
[–] rockSlayer@lemmy.world 27 points 1 year ago (2 children)

That was his real crime. He stole rich people money. Where's the CEO of bitconnect? Not in jail, I can tell you that.

[–] TheBat@lemmy.world 10 points 1 year ago (1 children)

Glenn Arcaro was sentenced to 38 months in September 2022

[–] rockSlayer@lemmy.world 1 points 1 year ago (1 children)

Arcaro was an American co-conspirator, not the CEO

[–] TheBat@lemmy.world 1 points 1 year ago

AFAIK the CEO was not in America when BitConnect scam got exposed. He was in India and managed to disappear. If found, he faces 70 years in prison. Arcaro was the second in command. That's better than nothing.

[–] SwallowsDick@lemmy.world 1 points 1 year ago (1 children)

What did he do?

[–] rockSlayer@lemmy.world 2 points 1 year ago

Bitconnect was a crypto ponzi scheme