How Many Years Will SBF

Spend In Jail?

December 14, 2022 Story: Divya Sinha

On Tuesday, the US government charged SBF, former CEO of FTX, for a series of

financial crimes

through the multi-billion-dollar collapse.

The 13-page indictment alleges that since 2019, SBF

devised schemes

and tactics to defraud FTX customers and investors.

On Monday, Former FTX CEO Sam Bankman-Fried got arrested in the


at the behest of US prosecutors.

The US government has charged him with

eight criminal

violations from wire fraud to money laundering to conspiracy to commit fraud.

According to Nicholas Biase, a spokesperson for US prosecutors said that the charges could land SBF in jail for decades, carrying maximum penalties of

115 years

The SEC alleges that SBF deceived investors and illegally used the money to

purchase real estate

for himself and his family.

On November 11, FTX and its affiliates filed for


after SBF resigned from his CEO position.