11-03-2023, 06:56 AM
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xxx
Industry Role:
Join Date: Jun 2003
Location: UK
Posts: 31,547
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Sam Bankman-Fried FTX founder is found guilty
https://www.dailymail.co.uk/news/art...l-verdict.html
Quote:
Sam Bankman-Fried's parents broke down in court on Thursday night after their son was found guilty of embezzling $10 billion of his clients' money, in what the prosecutor said was 'one of the biggest financial frauds in American history.'
Bankman-Fried now faces up to 115 years in prison.
The 31-year-old, who founded crypto exchange FTX, was convicted on all seven counts against him. The jury reached their unanimous verdict in less than five hours.
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