Home News Sam Bankman-Fried’s sentence is double Elizabeth Holmes’

Sam Bankman-Fried’s sentence is double Elizabeth Holmes’

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Sam Bankman-Fried's sentence is double Elizabeth Holmes'

Cryptocurrency fraudster Sam Bankman-Fried received more than double the prison sentence of Theranos scammer Elizabeth Holmes, but only a small fraction of the term slapped onto infamous financial criminal Bernie Madoff. Bankman-Fried, the fallen “crypto king” and son of Stanford Law professors, was sentenced Thursday in federal court in Manhattan to 25 years in prison.

Here’s a rundown of the prison penalties of notorious American fraud artists, bamboozlers, and scammers from the Bay Area and beyond:

Theranos founder Elizabeth Holmes, bilked investors in her Palo Alto startup out of $381 million: 11 years, 3 months

FTX founder Sam Bankman-Fried, oversaw disappearance of $10 billion: 25 years

Sunny Balwani, former Theranos president and co-fraudster with Holmes: 12 years, 11 months

Multi-billion-dollar Ponzi schemer Bernie Madoff: 150 years

Scotts Valley $50 million mini-Madoffs John Geringer and Christopher Luck: 12 years, 1 month; and 10 years, 10 months, respectively

Fritz Kramer, $10 million Swiss gold-and-diamond-mines scammer of Santa Clara County victims: 9 years

Monterey up-to-$20-million lending cheat David Nilsen: 8 years, 1 month

Rodney Hatfield, more-than-$1-million bamboozler who targeted his own Watsonville Jehovah’s Witness congregation: 2 years, 6 months

Former WorldCom CEO Bernard Ebbers, involved in $11 billion accounting impropriety: 25 years

Former Tyco International chief Dennis Kozlowski, looter of close to $100 million: 8 years, 4 months to 25 years

Former Enron CEO Jeffrey Skilling, whose illegal shenanigans helped render $60 billion in Enron stock worthless and cost employees $2 billion in pension money: 24 years, later cut to 14 years

Martha Stewart, gained about $227,000 through insider trading: 5 months

How long Bankman-Fried spends in prison will be determined by a U.S. Bureau of Prisons formula that takes into account inmate behavior and participation in prison programs.



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