A Manhattan jury has found the disgraced founder of the fallen cryptocurrency exchange FTX guilty of defrauding customers and lenders. Sam Bankman-Fried faces up to 110 years in prison at a hearing scheduled for March, when he’ll be sentenced for convictions ranging from wire fraud to money laundering. He faces another criminal trial in 2024 on charges he committed bank fraud and bribed Chinese officials.
Sam Bankman-Fried Faces 110 Years in Prison After Guilty Verdict in FTX Fraud Case
HeadlineNov 03, 2023