Bloomberg Law
Weekend Law: SBF Gets 25 Years & Trump's First Criminal Trial
Mar 29, 2024
Former federal prosecutor and legal reporters discuss Sam Bankman-Fried's 25-year prison sentence. Professor explores Supreme Court abortion pill arguments. Bloomberg reporter talks about Trump's cash crunch and upcoming trial.
39:06
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Quick takeaways
- Sam Bankman-Fried sentenced to 25 years in prison for criminal activities.
- Donald Trump faces cash crunch issues in civil cases, impacting his defense strategy.
Deep dives
Trump's Financial Strains
Donald Trump's net worth has soared to $7.2 billion with his media company going public. However, he faced challenges meeting the financial demands of civil cases. Trump struggled to cover liabilities arising from civil cases like the $83.3 million defamation trial and $454 million civil fraud penalty. Despite the increase in wealth, cash flow issues forced him to seek lower bond amounts in these cases.
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