Hot off the presses: The jury in the trial of Sam Bankman-Fried convicted the FTX founder and former CEO of all seven fraud and conspiracy charges he was facing. The quick verdict—jurors began deliberating Thursday afternoon—felt fitting for a case that federal prosecutors filed less than a year ago. Bankman-Fried now faces a maximum sentence of 110 years on all counts, though some attorneys believe he’s likely to get significantly less than that. https://www.cnbc.com/2023/11/02/sam-bankman-fried-found-guilty-on-all-seven-criminal-fraud-counts.html #Crypto

Jerome Cody

2 years ago

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Hot off the presses: The jury in the trial of Sam Bankman-Fried convicted the FTX founder and former CEO of all seven fraud and conspiracy charges he was facing. The quick verdict—jurors began deliberating Thursday afternoon—felt fitting for a case that federal prosecutors filed less than a year ago. Bankman-Fried now faces a maximum sentence of 110 years on all counts, though some attorneys believe he’s likely to get significantly less than that.

cnbc.com/2023/11/02/sam-b..
#Crypto

www.cnbc.com

Sam Bankman-Fried found guilty on all seven criminal fraud counts

Sam Bankman-Fried's criminal trial wrapped up on Thursday, leaving the jury to decide the fate of the FTX founder.