Sam Bankman-Fried has been found guilty of all seven charges in his recent trial. The jury deliberated for four and a half hours. Here are the counts, listed by CNN:

Count one: Wire fraud on customers of FTX 

Count two: Conspiracy to commit wire fraud on customers of FTX

Count three: Wire fraud on Alameda Research lenders

Count four: Conspiracy to commit wire fraud on lenders to Alameda Research 

Count five: Conspiracy to commit securities fraud on investors in FTX 

Count six: Conspiracy to commit commodities fraud on customers of FTX 

Count seven: Conspiracy to commit money laundering 

There are still a few other charges against him that will be addressed in a March 2024 trial. 

He (and I think also his convicted co-conspirators Caroline Ellison, Gary Wang, Ryan Salame and Nishad Singh) will be sentenced next March.

71

5
3

Reactions

5
3
Comments
No comments on this post yet.
Be the first to respond.