Before fraud punishment, crypto CEO apologizes: 'It haunts me every day'

Last November, Bankman-Fried, 32, of Stanford, California, was convicted on two wire fraud conspiracy crimes, 

two wire fraud offenses, and one money laundering conspiracy count, each of which carries a 20-year prison sentence.

He also faced five-year jail sentences for conspiracy to commit commodities and securities fraud.

He was accused of utilizing customer deposits on FTX, the cryptocurrency trading platform

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he developed, to offset hedge fund losses, pay off creditors, and buy luxury real estate.

Before sentence, Bankman-Fried stood at the defense table with his arms folded, staring down and murmuring.

I threw it all away. He said it bothers him daily. I made some stupid choices. They were lousy decisions, not selfish or selfless."

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