Sam Bankman-Fried faces up to 115 years in prison

  • by:
  • Source: The Blaze
  • 11/03/2023

The financial trial of the decade reached its conclusion and resulted in infamous FTX cryptocurrency trading platform founder Sam Bankman-Fried being found guilty of fraud.

At 31 years old, Bankman-Fried was found guilty on all seven fraud charges laid against him: two counts of wire fraud conspiracy, two counts of wire fraud, one count of conspiracy to commit money laundering, conspiracy to commit commodities fraud, and conspiracy to commit securities fraud.

Bankman-Fried faces up to 115 years in prison after weeks of testimony from former colleagues and founders and even his ex-girlfriend, who helped him run sister hedge fund Alameda Research.

Sam Bankman-Fried by Cointelegraph is licensed under Wikimedia Wikimedia
Sign Up For Our Newsletter
© 2024 RealPoliticalNews.com, Privacy Policy