Guilty: Sam Bankman-Fried convicted on all counts after monthlong trial

Guilty: Sam Bankman-Fried convicted on all counts after monthlong trial

a year ago
Anonymous $HYlO-3b458

https://arstechnica.com/tech-policy/2023/11/guilty-sam-bankman-fried-convicted-on-all-counts-after-monthlong-trial/

FTX founder Sam Bankman-Fried was convicted of defrauding customers by a federal jury today. He was convicted on all seven counts, Reuters and other news outlets reported. The 12-member jury returned the verdict after several hours of deliberation.

The seven charges are wire fraud on customers of FTX, conspiracy to commit wire fraud on customers of FTX, wire fraud on lenders to Alameda Research, conspiracy to commit wire fraud on lenders to Alameda Research, conspiracy to commit securities fraud on investors in FTX, conspiracy to commit commodities fraud on customers of FTX in connection with purchases and sales of cryptocurrency and swaps, and conspiracy to commit money laundering.