Posted on Nov 3, 2023
Sam Bankman-Fried is found guilty of all charges in FTX's spectacular collapse
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https://www.npr.org/2023/11/02/ [login to see] /sam-bankman-fried-trial-verdict-ftx-crypto
Sam Bankman-Fried, the former head of the cryptocurrency exchange FTX, was found guilty of each of the seven criminal charges he faced, marking a spectacular fall from grace for a "math nerd" who was once a shining star in finance.
Bankman-Fried now faces the prospect of spending decades in prison after being convicted on charges including securities fraud, wire fraud and money laundering. The jury reached its verdict after just five hours of deliberations.
Sam Bankman-Fried, the former head of the cryptocurrency exchange FTX, was found guilty of each of the seven criminal charges he faced, marking a spectacular fall from grace for a "math nerd" who was once a shining star in finance.
Bankman-Fried now faces the prospect of spending decades in prison after being convicted on charges including securities fraud, wire fraud and money laundering. The jury reached its verdict after just five hours of deliberations.
Sam Bankman-Fried is found guilty of all charges in FTX's spectacular collapse
Posted from npr.org
Fraud
Crime
Investing
Money
Finance
Posted 1 y ago
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PO1 William "Chip" Nagel good day Brother William, always informational and of the most interesting. Thanks for sharing, have a blessed day!
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Bankman-Fried was a top donor to Democrats in the 2020 election cycle. I wonder if Democrats will be forced to return stolen money back to the victims?
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