Tag: Sentences

Ryan Salame, FTX Executive, Gets Seven and a Half Year Prison Sentence – The New York Times

Ryan Salame, a top executive at the collapsed cryptocurrency exchange FTX, was sentenced to seven and a half years in prison on Tuesday, making him the first of Sam Bankman-Fried’s circle of advisers at FTX to receive prison time. Mr. Salame, 30, a trusted lieutenant of Mr. Bankman-Fried, the exchange’s founder, pleaded guilty last year to a campaign finance law…

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Ex-Nuveen Trader Sentenced to 70 Months in Insider-Trading Plot – Bloomberg

A former Nuveen equity trader was ordered to spend almost six years behind bars after admitting he tipped off another man to the firm’s trades as part of a $47 million front-running scheme. US District Judge Paul Gardephe sentenced Lawrence Billimek on Monday to 70 months in federal prison, matching the minimum punishment requested by prosecutors. Billimek, 53, pleaded guilty…

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OneCoin Executive Irina Dilkinska Sentenced to 4 Years Over Crypto Scam – Bloomberg

The former head of legal and compliance for the phony cryptocurrency OneCoin was sentenced to four years in prison after admitting she helped launder hundreds of millions of dollars in proceeds from the scam. Irina Dilkinska, 42, pleaded guilty in November to wire fraud and money-laundering conspiracy charges. US District Judge Edgardo Ramos on Wednesday declined her request to avoid…

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Sam Bankman-Fried Sentenced to 25 Years in Prison for FTX Fraud – The New York Times

Sam Bankman-Fried, the founder of the FTX cryptocurrency exchange who was convicted of stealing billions of dollars from customers, was sentenced to 25 years in prison on Thursday, capping an extraordinary saga that upended the crypto industry and became a cautionary tale of greed and hubris. Mr. Bankman-Fried’s sentence was shorter than the 40 to 50 years that federal prosecutors…

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Ex-Goldman Trader Brijesh Goel Sentenced in ‘Squash Buddies’ Insider Case – Bloomberg

Former Goldman Sachs Group Inc. investment banker Brijesh Goel was ordered to spend three years in prison for passing confidential deal information to a close friend and squash partner who traded on it. Goel, 39, was sentenced Wednesday in Manhattan by US District Judge P. Kevin Castel. The former Goldman vice president was found guilty of insider trading and obstruction…

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Russian Businessman Sentenced to Nine Years in Prison in $93 Million Hack-to-Trade Conspiracy

A Russian businessman was sentenced today in federal court in Boston for his involvement in an elaborate hack-to-trade scheme that netted approximately $93 million through securities trades based on confidential corporate information stolen from U.S. computer networks. Vladislav Klyushin, a/k/a “Vladislav Kliushin,” 42, of Moscow, Russia, was sentenced by U.S. District Court Judge Patti B. Saris to nine years in…

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Founder of Purported Cryptocurrency Company Sentenced to More Than Eight Years in Prison for Multi-Million-Dollar Fraud Scheme | DOJ

The founder of “My Big Coin,” a purported cryptocurrency and virtual payment services company headquartered in Las Vegas, Nev., was sentenced today in federal court in Boston for marketing and selling fraudulent virtual currency and operating an unlicensed virtual currency exchange. Randall Crater, 52, of Lake Mary, Fla., was sentenced by U.S. District Court Judge Denise J. Casper to 100…

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