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Sam Bankman-Fried moved to a low-security prison

Summary by Cointelegraph
Sam Bankman-Fried, the convicted FTX co-founder, has been moved to a lower-security prison in California — a decision now under scrutiny by legal and financial experts.
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The founder of FTX, convicted of financial fraud, is now serving his sentence in a low-security prison environment, where figures such as Al Capone and Charles Manson have been. *** Sam Bankman-Fried was transferred to a less violent prison located off the sea in California. The former director of FTX continues to appeal his 25-year sentence for massive fraud. He continues to seek a presidential pardon after a failed media manipulation attempt. …

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decrypt.co broke the news in New York, United States on Wednesday, April 23, 2025.
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