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Sam Bankman-Fried found guilty of defrauding FTX customers, investors, and lenders

November 3, 2023
Source: finance.yahoo.com finance.yahoo.com
News Snapshot:
A Manhattan federal jury found FTX co-founder Sam Bankman-Fried guilty of defrauding his customers, investors and lenders, concluding a dramatic fall for a 31-year-old entrepreneur who presided over the largest crypto collapse in history. Jury members deliberated for a period of hours after Bankman-Fried's criminal trial wrapped up Thursday. They concluded he was guilty on all seven criminal charges, ranging from wire fraud to money laundering. His sentencing is scheduled for March 28; the counts carry a maximum sentence of 110 years. Bankman-Fried was stoic while his verdict was read in the courtroom, and he didn’t look back at his...
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China Tech Buzz Topics: bank | bitcoin | blockchain | Business | CEO | Chinese | communications | computer | court | criminal | crypto | cryptocurrency | currency | customer | Dogecoin | entrepreneur | Ethereum | finance | financial | fintech | Founder | fraud | Gary Wang | government

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