Disgraced Theranos CEO Elizabeth Holmes, left, is escorted by jail officers right into a federal girls’s jail camp on Could 30, in Bryan, Texas.
(Michael Wyke/AP)
Cryptocurrency fraudster Sam Bankman-Fried obtained greater than double the jail sentence of Theranos scammer Elizabeth Holmes, however solely a small fraction of the time period slapped onto notorious monetary legal Bernie Madoff. Bankman-Fried, the fallen “crypto king” and son of Stanford Law professors, was sentenced Thursday in federal courtroom in Manhattan to 25 years in jail.
Right here’s a rundown of the jail penalties of infamous American fraud artists, bamboozlers, and scammers from the Bay Space and past:
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 focused his personal Watsonville Jehovah’s Witness congregation: 2 years, 6 months
Former WorldCom CEO Bernard Ebbers, involved in $11 billion accounting impropriety: 25 years
Former Tyco Worldwide 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 value workers $2 billion in pension cash: 24 years, later lower to 14 years
Sholam Weiss, $450 million insurance coverage fraudster: 845 years (sentenced commuted, and freed in 2021 by former President Donald Trump)
Martha Stewart, gained about $227,000 through insider trading: 5 months
How lengthy Bankman-Fried spends in jail shall be decided by a U.S. Bureau of Prisons components that takes into consideration inmate conduct and participation in jail packages. If he meets all necessities, Bankman-Fried would nonetheless serve greater than 20 years in jail.
