Gmail revolutionized email 20 years ago



SAN FRANCISCO — Google co-founders Larry Page and Sergey Brin loved pulling pranks, so much so they began rolling outlandish ideas every April Fool’s Day not long after starting their company more than a quarter century ago. One year, Google posted a job opening for a Copernicus research center on the moon. Another year, the company said it planned to roll out a “scratch and sniff” feature on its search engine.

The jokes were so consistently over-the-top that people learned to laugh them off as another example of Google mischief. And that’s why Page and Brin decided to unveil something no one would believe was possible 20 years ago on April Fool’s Day.

It was Gmail, a free service boasting 1 gigabyte of storage per account, an amount that sounds almost pedestrian in an age of one-terabyte iPhones. But it sounded like a preposterous amount of email capacity back then, enough to store about 13,500 emails before running out of space compared to just 30 to 60 emails in the then-leading webmail services run by Yahoo and Microsoft. That translated into 250 to 500 times more email storage space.

Besides the quantum leap in storage, Gmail also came equipped with Google’s search technology so users could quickly retrieve a tidbit from an old email, photo or other personal information stored on the service. It also automatically threaded together a string of communications about the same topic so everything flowed together as if it was a single conversation.

“The original pitch we put together was all about the three ‘S’s” — storage, search and speed,” said former Google executive Marissa Mayer, who helped design Gmail and other company products before later becoming Yahoo’s CEO.

It was such a mind-bending concept that shortly after The Associated Press published a story about Gmail late on the afternoon of April Fool’s 2004, readers began calling and emailing to inform the news agency it had been duped by Google’s pranksters.

“That was part of the charm, making a product that people won’t believe is real. It kind of changed people’s perceptions about the kinds of applications that were possible within a web browser,” former Google engineer Paul Buchheit recalled during a recent AP interview about his efforts to build Gmail.

It took three years to do as part of a project called “Caribou” — a reference to a running gag in the Dilbert comic strip. “There was something sort of absurd about the name Caribou, it just made make me laugh,” said Buchheit, the 23rd employee hired at a company that now employs more than 180,000 people.

The AP knew Google wasn’t joking about Gmail because an AP reporter had been abruptly asked to come down from San Francisco to the company’s Mountain View, California, headquarters to see something that would make the trip worthwhile.

After arriving at a still-developing corporate campus that would soon blossom into what became known as the “Googleplex,” the AP reporter was ushered into a small office where Page was wearing an impish grin while sitting in front of his laptop computer.

Page, then just 31 years old, proceeded to show off Gmail’s sleekly designed inbox and demonstrated how quickly it operated within Microsoft’s now-retired Explorer web browser. And he pointed out there was no delete button featured in the main control window because it wouldn’t be necessary, given Gmail had so much storage and could be so easily searched. “I think people are really going to like this,” Page predicted.

As with so many other things, Page was right. Gmail now has an estimated 1.8 billion active accounts — each one now offering 15 gigabytes of free storage bundled with Google Photos and Google Drive. Even though that’s 15 times more storage than Gmail initially offered, it’s still not enough for many users who rarely see the need to purge their accounts, just as Google hoped.

The digital hoarding of email, photos and other content is why Google, Apple and other companies now make money from selling additional storage capacity in their data centers. (In Google’s case, it charges anywhere from $30 annually for 200 gigabytes of storage to $250 annually for 5 terabytes of storage). Gmail’s existence is also why other free email services and the internal email accounts that employees use on their jobs offer far more storage than was fathomed 20 years ago.

“We were trying to shift the way people had been thinking because people were working in this model of storage scarcity for so long that deleting became a default action,” Buchheit said.

Gmail was a game changer in several other ways while becoming the first building block in the expansion of Google’s internet empire beyond its still-dominant search engine.

After Gmail came Google Maps and Google Docs with word processing and spreadsheet applications. Then came the acquisition of video site YouTube, followed by the introduction of the the Chrome browser and the Android operating system that powers most of the world’s smartphones. With Gmail’s explicitly stated intention to scan the content of emails to get a better understanding of users’ interests, Google also left little doubt that digital surveillance in pursuit of selling more ads would be part of its expanding ambitions.

Although it immediately generated a buzz, Gmail started out with a limited scope because Google initially only had enough computing capacity to support a small audience of users.

“When we launched, we only had 300 machines and they were really old machines that no one else wanted,” Buchheit said, with a chuckle. “We only had enough capacity for 10,000 users, which is a little absurd.”

But that scarcity created an air of exclusivity around Gmail that drove feverish demand for an elusive invitations to sign up. At one point, invitations to open a Gmail account were selling for $250 apiece on eBay. “It became a bit like a social currency, where people would go, ‘Hey, I got a Gmail invite, you want one?’” Buchheit said.

Although signing up for Gmail became increasingly easier as more of Google’s network of massive data centers came online, the company didn’t begin accepting all comers to the email service until it opened the floodgates as a Valentine’s Day present to the world in 2007.

A few weeks later on April Fool’s Day in 2007, Google would announce a new feature called “Gmail Paper” offering users the chance to have Google print out their email archive on “94% post-consumer organic soybean sputum “ and then have it sent to them through the Postal Service. Google really was joking around that time.



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Dolly Parton wished for Beyoncé to cover “Jolene” years before “Cowboy Carter”


What inspired Beyoncé’s “Cowboy Carter”?


What inspired Beyoncé’s new album “Cowboy Carter”?

05:02

Looks like Beyoncé got the message —and Dolly Parton got her wish.

In a 2022 interview with Trevor Noah on The Daily Show, Parton was asked about her wish to have the “Renaissance” singer cover her iconic song “Jolene.” 

“I don’t know if she’s even got the message, but wouldn’t that be killer?” Parton says in the interview. “I would just love to hear ‘Jolene’ done in just a big way, kind of like how Whitney [Houston] did my ‘I Will Always Love You.’ Just someone that can take my little songs and make them powerhouses.”

Beyoncé’s album “Cowboy Carter” arrived Friday, with Parton herself appearing on an interlude preceding the cover of “Jolene.”

“Hey miss Honey Bey, it’s Dolly P,” the country music legend says in the track. “You know that hussy with the good hair you sang about? Reminded me of someone I knew back when.” 

The interlude connects Parton’s 1973 ballad with Beyoncé’s reference to a “Becky with the good hair” on her 2016 album “Lemonade.”

The country legend has been heaping praise on Queen Bey’s latest music. When the “Cowboy Carter” single “Texas Hold ‘Em” hit No. 1 in February, Parton wrote on social media that she was “very excited that she’s done a country album.”

“I think she’s recorded “Jolene” and I think it’s probably gonna be on her country album, which I’m very excited about that,” Parton told the Knoxville News Sentinel earlier this month. 

But Beyoncé’s version of “Jolene” isn’t a line-for-line recreation —a change in the lyrics replaces “begging” and “crying” for a warning.

“I had to have this talk with you, ’cause I hate to have to act a fool. Your peace depends on how you move, Jolene,” Beyoncé croons on the track.

Parton seemed to be pleased with the changes, taking to social media again Friday to say “Beyoncé is giving that girl some trouble and she deserves it!”





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California woman accused of husband’s murder freed 20 years later after new look at evidence


California woman accused of husband’s murder freed 20 years later after new look at evidence – CBS News

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After nearly two decades behind bars for her husband’s murder, a California woman’s relentless quest for a reexamination of the evidence reveals flaws. “48 Hours” correspondent Erin Moriarty unravels her journey to freedom.

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Building a new Key Bridge could take years and cost at least $400 million, experts say



ANNAPOLIS, Md. — Rebuilding Baltimore’s collapsed Francis Scott Key Bridge could take anywhere from 18 months to several years, experts say, while the cost could be at least $400 million — or more than twice that.

It all depends on factors that are still mostly unknown. They range from the design of the new bridge to how swiftly government officials can navigate the bureaucracy of approving permits and awarding contracts.

Realistically, the project could take five to seven years, according to Ben Schafer, an engineering professor at Johns Hopkins University.

“The lead time on air conditioning equipment right now for a home renovation is like 16 months, right?” Schafer said. He continued: “So it’s like you’re telling me they’re going to build a whole bridge in two years? I want it to be true, but I think empirically it doesn’t feel right to me.”

Others are more optimistic about the potential timeline: Sameh Badie, an engineering professor at George Washington University, said the project could take as little as 18 months to two years.

The Key Bridge collapsed Tuesday, killing six members of a crew that was working on the span, after the Dali cargo ship plowed into one its supports. Officials are scrambling to clean up and rebuild after the accident, which has shuttered the city’s busy port and a portion of the Baltimore beltway.

The disaster is in some ways similar to the deadly collapse of Florida’s Sunshine Skyway Bridge, which was was struck by a freighter in Tampa Bay in 1980. The new bridge took five years to build, was 19 months late and ran $20 million over budget when it opened in 1987.

But experts say it’s better to look to more recent bridge disasters for a sense of how quickly reconstruction may happen.

Jim Tymon, executive director of the American Association of State Highway and Transportation Officials, cited the case of the Interstate 35W bridge in Minnesota, which collapsed into the Mississippi River in 2007. The new span was up in less than 14 months.

“It’s the best comparison that we have for a project like this,” Tymon said. “They did outstanding work in being able to get the approvals necessary to be able to rebuild that as quickly as possible.”

Tymon expects various government agencies to work together to push through permits, environmental and otherwise.

“It doesn’t mean that all of the right boxes won’t get checked — they will,” Tymon said. “It’ll just be done more efficiently because everybody will know that this has to get done as quickly as possible.”

One looming issue is the source of funding. President Joe Biden has repeatedly said the federal government will pay for the new bridge, but that remains to be seen.

“Hopefully, Congress will be able to come together to provide those resources as soon as possible so that that does not become a source of delay,” Tymon said.

Minnesota Sen. Amy Klobuchar helped to obtain funding quickly to rebuild the I-35W bridge in her state. But she said replacing the Baltimore span could be more complicated.

She noted that the I-35W bridge, a federal interstate highway, was a much busier roadway with about 140,000 vehicle crossings a day, compared with about 31,000 for the Maryland bridge.

“But where there’s a will there’s a way, and you can get the emergency funding,” Klobuchar said. “It’s happened all over the country when disasters hit. And the fact that this is such a major port also makes it deserving of making sure that this all gets taken care of.”

Badie, of George Washington University, said the cost could be between $500 million and $1 billion, with the largest variable being the design.

For example a suspension bridge like San Francisco’s Golden Gate will cost more, while a cable-stayed span, like Florida’s Skyway Sunshine Bridge, which handles weight using cables and towers, would be less expensive.

Whatever is built, steel is expensive these days and there is a backlog for I-beams, Badie said. Plus, the limited number of construction companies that can tackle such a project are already busy on other jobs.

“A project like this is going to be expedited, so everything is going to cost a lot more,” Badie said.

Hota GangaRao, a West Virginia University engineering professor, said the project could cost as little as $400 million. But that’s only if the old bridge’s pier foundations are used; designers may want to locate the new supports farther away from the shipping channels to avoid another collision.

“That’s going to be more steel, more complicated construction and more checks and balances,” GangaRao said. “It all adds up.”

Norma Jean Mattei, an emeritus engineering professor at The University of New Orleans, said replacing the Key Bridge likely will take several years. Even if it’s a priority, the process of designing the span, getting permits and hiring contractors takes a lot of time. And then you have to build it.

“It’s quite a process to actually get a bridge of this type into operation,” she said.



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Estonia thankful for decision to join NATO 20 years ago


Estonia’s Foreign Minister Margus Tsahkna has said the Ukraine conflict has shown what might have happened to his country had it not joined NATO 20 years ago.

“It cannot be ruled out that without NATO membership our independence would now be at risk,” Tsahkna said on Friday on the occasion of the 20th anniversary of joining the transatlantic defence alliance.

“If Estonia had remained in the so-called grey zone, what we are currently seeing in Ukraine could possibly have happened on our territory,” he said.

In addition to Estonia, Latvia, Lithuania, Romania, Bulgaria, Slovenia and Slovakia also joined NATO on March 29, 2004.

“Because we made the necessary decisions back then, we now live in a free and secure Estonia,” Prime Minister Kaja Kallas in a video message.

Estonia borders Russia to the east and feels the threat of Russian force since the invasion of Ukraine more than two years ago, she said.

Estonia now spends more than 3% of its gross domestic product on the military, said Kallas, as she urged NATO allies to spend more money on defence.



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For years tourists have ridden boats through this sacred Australian natural wonder. A new ban will stop them in their tracks


The Horizontal Falls are one of Australia’s strangest natural attractions, a unique blend of coastal geography and powerful tidal forces that visitors pay big money to see up close.

But all that is about to change.

Located at Talbot Bay, a remote spot on the country’s northwestern coastline, the falls are created when surges of seawater pour between two narrow cliff gaps, creating a swell of up to four meters that resembles a waterfall.

For decades, tours have pierced these gaps on powerful boats, much to the dismay of the area’s Indigenous Traditional Owners, who say the site is sacred.

It’s not the only reason the boat tours are controversial. In May 2022 one boat hit the rocks resulting in passenger injuries and triggering a major rescue operation. The incident led to calls to halt the tours for safety reasons.

Although the boat trips have continued, the concerns of the Indigenous Traditional Owners have now been heeded, with Western Australia, the state in which the falls are situated, saying they will be banned in 2028 out of respect.

Close-up views still permitted

Tourists on a speedboat race across the Horizontal Waterfalls in Talbot Bay, Western Australia. - Jeff Mauritzen/Design Pics Editorial/Getty Images

Tourists on a speedboat race across the Horizontal Waterfalls in Talbot Bay, Western Australia. – Jeff Mauritzen/Design Pics Editorial/Getty Images

Not everyone is happy with the move. The WA Tourism Council, which represents tourism businesses in the state, has warned it will deter visitors and cause major job losses.

But it’s been welcomed by the Dambeemangaddee people, who’ve inhabited this area for 56,000 years and believe boats desecrate the falls.

Located in the Kimberley Region, 1,900 kilometers (1,180 miles) north of the state capital Perth, the Horizontal Falls are within Maiyalam, one of three protected marine parks created in 2022 that were co-designed, and now co-managed, by Traditional Owners and the WA Government.

The move by the Western Australian government comes amid criticism over its commitment to protecting Indigenous sites in a state that relies heavily on mining.

Talbot Bay’s main boat tour operator, Horizontal Falls Seaplane Adventures, will cease traversing the falls in March 2028, with all other operators to stop by the end of 2026.

After the ban takes effect, boats will still be allowed to cruise Talbot Bay, offering visitors a close-up view of the cascading spectacle that British naturalist David Attenborough has called “Australia’s most unusual natural attraction.”

“This decision reflects the government’s dual responsibilities to respect the cultural views of Traditional Owners and the need to protect and support WA’s tourism industry,” said WA Environment Minister Reece Whitby in a statement.

“We want people to experience Indigenous culture as an essential, vibrant part of visiting jointly managed national and marine parks across Western Australia.”

The Dambeemangaddee are among dozens of Indigenous peoples who inhabited WA for more than 50,000 years before Australia was violently colonized by the British in the 1780s. Countless parcels of Indigenous-controlled land were then seized or defiled.

‘Respect the power of this place’

After the ban takes effect,  boats will still be allowed to cruise Talbot Bay, offering visitors a close-up view of the attraction. - Jeff Mauritzen/Design Pics Editorial/Getty Images

After the ban takes effect, boats will still be allowed to cruise Talbot Bay, offering visitors a close-up view of the attraction. – Jeff Mauritzen/Design Pics Editorial/Getty Images

The Horizontal Falls ban aims to restore the sanctity of this site. According to local Indigenous beliefs, boats that pierce these gaps disturb Woongudd, the mystical serpent who created this wonder.

Woongudd’s story features in the Dreamtime, an ancient collection of tales and principles that have defined Australian Aboriginal culture. The rushing tide at the falls is said to be caused by Woongudd gliding between the cliffs.

Since the 1990s, Traditional Owners have expressed concerns that boat tours are damaging this “powerful, sacred place,” the Dambeemangaddee said in a group statement, responding to the ban.

“This has been an emotionally trying journey for many of us,” they wrote. “With this decision, we finally feel we have been heard. Our ancestors lived there all year round, and we still feel their presence. It is a quiet, calm place. But it can be dangerous. Culturally, Traditional Owners would only travel through the (cliff) gaps for a specific purpose and always at the right time.”

The Dambeemangaddee emphasized they hope tourists continue to visit the Horizontal Falls. They believe tourists can be dazzled by its tidal forces while maintaining a polite distance.

“Respect the power of this place, and our cultural obligations to care for Country and keep you safe,” they asked of visitors, referring to their ancient role as custodians of Australia’s landscape.

In preparation for the Horizontal Falls ban, the Dambeemangaddee stated they have begun creating new videos and brochures that will explain their culture and spiritual connection to Talbot Bay. They also are creating fresh tours, welcome ceremonies, and a visitor management plan for the location.

Critics fear ban will reduce visitor numbers

Other attractions in the Kimberley region include the Bungle Bungles, a UNESCO-listed site. - Tourism Australia

Other attractions in the Kimberley region include the Bungle Bungles, a UNESCO-listed site. – Tourism Australia

Horizontal Falls Seaplane Adventures said in a statement it will transition to a “culturally appropriate program that will allow visitors to experience the spectacular natural wonder of the Horizontal Falls in a respectful context”.

The falls boat ban was criticized by Tourism Council WA CEO Evan Hall, who said this activity had long attracted visitors to the Kimberley. He added that banning it would impact 15 tourism operators, and cause the estimated loss of 58 full-time jobs in the region.

“By traversing the falls, visitors experience the awesome nature of this unique environment,” Hall said in a statement earlier this month.

“It’s not something that can be experienced from the sideline. National Parks are public land and waters that belong to everyone. The legislative objective of National Parks includes promoting and facilitating nature-based tourism and public recreation – this is not achieved by restricting visitor access.”

However, the ban was supported by Kimberley Day Cruise CEO Sally Shaw, who told CNN the company’s Horizontal Falls tours only venture near, not between these cliff gaps. She says piercing the falls is both dangerous and disrespectful to its Traditional Owners.

“We do not traverse the falls because of safety and cultural reasons and have never done this on our tour,” Shaw said.

“Most people who do these tours have cultural understanding and recognize the future is a sustainable national treasure we can all appreciate in safety.”

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Sam Bankman-Fried sentenced to 25 years over role in FTX collapse


Sam Bankman-Fried sentenced to 25 years over role in FTX collapse – CBS News

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Sam Bankman-Fried was sentenced to 25 years in prison for his role in the sudden collapse of the FTX crypto exchange. Prosecutors say he defrauded customers out of more than $8 billion, one of the largest financial crimes in U.S. history. Errol Barnett reports.

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After 34 years, girlfriend charged in man’s D.C. murder


Exactly 34 years after a man was killed inside his D.C. home, the Metropolitan Police Department announced his girlfriend has been arrested for the murder.

screen-shot-2024-03-28-at-6-36-35-pm.png
Norman Rich, 34, was found shot to death inside the bedroom of his D.C. home.

Metropolitan Police Department


Norman Rich, 34, known as “Semo,” was found inside his bedroom in his house on M Street, in the Northeast part of D.C., on Wednesday, March 28, 1990.

He was shot to death, police said. 

Shelia Brown, now 66 years old and living in Annapolis, Maryland, was arrested by members of the Annapolis Police Department and the United States Marshals Service on Wednesday. 

Authorities said Rich’s body was discovered by Brown, the mother of the couple’s three children. She told police at the time that she was about to run some errands, and right before she left two men came to their house looking for him. Brown told police she had recognized one of the men, “Ducky.”

When she returned home she found the front door open and Rich inside the bedroom, dead.

Police then offered a $25,000 reward for information about the case, but weren’t able to find the killer. 

Detectives said their investigation found the alleged murder “was domestic in nature,” but didn’t offer further details on Brown’s arrest after three decades. During a Thursday news conference, D.C. police inspector Kevin Kentish said detectives never stopped looking at the case, WTOP reported. 

Investigators used new technology and tests and began “looking at all the evidence, looking at witness statements and being able to find certain intricacies in the case that would lead to the closure.”

Brown was charged with second degree murder and obstruction of justice, after a D.C. superior court indictment.



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Central and Eastern European countries mark 20 years in NATO with focus on war in Ukraine


VILNIUS, Lithuania (AP) — Several central and Eastern European countries began marking on Thursday the 20th anniversary of the largest expansion of the NATO military alliance when formerly socialist countries became members of the bloc.

Military aircraft roared over the Lithuanian capital Vilnius. At the main airbase hosting Spanish and Portuguese fighter jets tasked with NATO air policing missions in the Baltic region, officials gathered to commemorate the event.

“Russia’s new bloody terror in Europe is contributing to the growth of instability and threats around the world. However, we in Lithuania are calm because we know that we will never be alone again,” said President Gitanas Nauseda, standing near the runway where the first NATO jets landed back in 2004. “We will always have a strong, supportive Alliance family by our side, and we will face any challenges together.”

Bulgaria, Estonia, Latvia, Lithuania, Romania, Slovakia, and Slovenia joined NATO on March 29 in 2004, bringing the total membership of the Alliance to 26. The seven nations started accession negotiations soon after the collapse of the Soviet Union and eventually were invited to join at the Prague Summit in November 2002. Another group of former Soviet satellites including Poland and the Czech Republic had been admitted several years earlier.

Since joining the alliance, these countries often warned about the threat of Russia, using their national trauma of Soviet occupation as proof of credibility. While Western nations often dismissed their sometimes hawkish attitude, Russia’s full-scale invasion of Ukraine is seen as a vindication of those fears. They have given some of the most robust responses, helping Ukraine with equipment and money, and pushing for even greater sanctions on Russia.

Most of the former Soviet Republics that joined NATO at the turn of the millennium spend more than the required 2% of gross domestic product on defense. When Romania’s President Klaus Iohannis announced his bid earlier this month to become the next leader of the alliance, he emphasized the threat from Russia and said the alliance needs a “renewal of perspectives” that Eastern Europe could provide.

“Russia is proving to be a serious and long-term threat to our continent, to our Euro-Atlantic security,” the 65-year-old said when he announced his bid. “NATO’s borders become of paramount importance, and the strengthening of the eastern flank … will remain a long-term priority.”

The seven countries are marking the anniversary with solemn events and shows of force, but also some levity, with open-air concerts and exhibitions.

“Twenty years ago the Bulgarian people made the right choice for our country to join NATO,” the country’s defense chief Adm. Emil Eftimov said. “Given today’s security situation, this is the most appropriate decision we have made in our recent history.”

NATO was established in the aftermath of World War II.

___

Associated Press writers Stephen McGrath in Sighisoara, Romania, and Veselin Toshkov in Sofia, Bulgaria contributed to this report.



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Sam Bankman-Fried sentenced to 25 years in prison for orchestrating FTX fraud



Sam Bankman-Fried was sentenced Thursday to 25 years in prison for his role in defrauding users of the collapsed cryptocurrency exchange FTX.

In a federal courtroom in lower Manhattan, U.S. District Judge Lewis Kaplan called the defense argument misleading, logically flawed and speculative.

He said Bankman-Fried had obstructed justice and tampered with witnesses in mounting his defense — something Kaplan said he weighed in his sentencing decision.

Bankman-Fried, wearing a beige jailhouse jumpsuit, struck an apologetic tone, saying he had made a series of “selfish” decisions while leading FTX and “threw it all away.”

“It haunts me every day,” he said in his statement.

Prosecutors had sought as much as 50 years, while Bankman-Fried’s legal team argued for no more than 6½ years. He was convicted on seven criminal counts in November and had been held at the Metropolitan Detention Center in Brooklyn since.

In a statement following Thursday’s sentencing, Damian Williams, United States Attorney for the Southern District of New York, said Bankman-Fried had orchestrated one of the largest frauds in financial history.

“Today’s sentence will prevent the defendant from ever again committing fraud and is an important message to others who might be tempted to engage in financial crimes that justice will be swift, and the consequences will be severe.”

Bankman-Fried plans to appeal both his conviction and sentence. A spokesperson for his parents issued a statement on their behalf: “We are heartbroken and will continue to fight for our son.”

Bankman-Fried’s lawyers had pleaded for leniency, citing what they described as mental health struggles and his purported generosity in his personal life. They also argued that FTX users had not ultimately suffered substantial losses — something current FTX administrator John Ray said was false in a letter to Kaplan in advance of Thursday’s sentencing.

But prosecutors argued the brazenness of the crime, the extent of the victims’ losses and damages and Bankman-Fried’s evident lack of remorse meant a harsher sentence was warranted.

Late Tuesday, prosecutors filed documents from victims testifying about how Bankman-Fried’s actions had harmed them.

“My whole life has been destroyed,” wrote one, whose name was redacted, in a letter dated March 15. “I have 2 young children, one born right before the collapse. I still remember the weeks following where I would stare blankly into their eyes, completely empty inside knowing their futures have been stolen through no fault of our own. I did not gamble on crypto. I did not make any crypto gains. I had my [bitcoin] which I had collected over years deposited on FTX as a custodian. I did not agree to the risk that SBF took with my funds.” 

The man added he was suffering from depression and that his wife had become suicidal.

“I know we can never make that kind of money back ever again,” he wrote.

Another person wrote about how the loss of funds had affected numerous life plans, including a wedding.

“Each passing day is a painful reminder of the opportunities stolen from me, compounding feelings of hopelessness and despair,” the person wrote. “The burden of financial ruin weighs heavily on my shoulders, leading me to grapple with constant thoughts of suicide and significantly impairing my ability to perform at work.”

In the recent annals of white-collar crime, Bankman-Fried’s sentence is many years longer than what most others found guilty have received. Theranos founder Elizabeth Holmes received about 11 years. Former WorldCom CEO Bernie Ebbers received 25 years. Former Enron CEO Jeff Skilling received 24 years.

Bernie Madoff received 150 years and died in prison at age 82.

FTX was once valued at more than $30 billion, with Bankman-Fried’s net worth estimated at more than $20 billion. FTX collapsed in November 2022 after it was revealed that it had a major cash shortfall.

At his trial, prosecutors said Bankman-Fried robbed FTX customers of as much as $8 billion to fund a vast array of outside interests, including political initiatives, speculative investments and funding of FTX executives’ lifestyles.

Three other FTX executives testified against him.

Bankman-Fried “didn’t bargain for his three loyal deputies taking that stand and telling you the truth: that he was the one with the plan, the motive and the greed to raid FTX customer deposits — billions and billions of dollars — to give himself money, power, influence. He thought the rules did not apply to him. He thought that he could get away with it,” Assistant U.S. Attorney Danielle Sassoon told the jury.

Bankman-Fried’s defense argued that he was merely borrowing the funds to run his Alameda Research investment group, which he believed was allowed, and that he was unaware of how much debt he had racked up.

He said he “made a number of small mistakes and a number of larger mistakes.”

Yet many experts agreed Bankman-Fried came across as an unsympathetic figure. Paul Tuchmann, a former federal prosecutor who is now a partner with Wiggin and Dana LLP, told CNBC that Bankman-Fried’s testimony had been “unpersuasive” and noted it took the jury only three hours to convict him on each count.

Trial attorney James Koutoulas said in an CNBC interview, “No one had a shred of support for SBF, nor should they have.”

The U.S. Bureau of Prisons will consider which federal penitentiary to send him to.



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