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

    11/02/2023 5:09:56 PM PDT · by george76 · 120 replies
    CNBC ^ | NOV 2 2023 | MacKenzie Sigalos
    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. The prosecution’s key witnesses were former members of Bankman-Fried’s inner circle. A jury has found Sam Bankman-Fried guilty of all seven criminal counts against him. The former FTX CEO faces a maximum sentence of 115 years in prison. Bankman-Fried, the 31-year old son of two Stanford legal scholars and graduate of Massachusetts Institute of...