Sam Bankman-Fried’s criminal trial wrapped up on Thursday, leaving the jury to decide the fate of the FTX founder.
The monthlong trial of Sam Bankman-Fried wrapped up on Thursday, leaving the jury to decide the fate of the FTX founder.
Bankman-Fried pleaded not guilty to criminal fraud charges tied to the collapse late late year of crypto exchange FTX and sister hedge fund Alameda Research.A jury has found Sam Bankman-Fried guilty of all seven criminal counts against him, according to Reuters. The former FTX CEO faces a maximum sentence of 115 years in prison.to charges including wire fraud, securities fraud and money laundering tied to the collapse late last year of crypto exchange FTX and sister hedge fund Alameda Research.Sign up for NBC San Diego newsletters.
The trial, which began in early October, pitted the testimony of Bankman-Fried's former close friends and top lieutenants against the sworn statements of their former boss and ex-roomate.The central question for jurors to consider was whether Bankman-Fried acted with criminal intent in taking customer funds from FTX and using that money to pay for real estate, venture investments, corporate sponsorships, political donations and to cover losses at Alameda.Assistant U.S.
Holmes, 39, was convicted in early 2022 on four counts of defrauding investors in Theranos after testifying in her own defense. She was
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