Sam Bankman-Fried, co-founder of FTX Cryptocurrency Derivatives Exchange, arrives at court in New York, US, on Wednesday, July 26, 2023. Photo: Victor J. Blue/Bloomberg Streamlined Case, Bankman-Fried's Lack of Credibility Led to Guilty Verdict, White-Collar Attorneys Say
Attorneys predicted a "massive penalty" when the disgraced crypto entrepreneur is sentenced in early 2024. He still faces a second set of charges.
November 03, 2023 at 05:05 PM
5 minute read
Cryptocurrency
After a Manhattan federal jury on Thursday found FTX founder Sam Bankman-Fried guilty on all counts in his fraud and money laundering case after about four hours and 30 minutes of deliberation, white-collar lawyers credited prosecutors with keeping the case simple.
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