Posted 12/30/2023, 1:31:35 AM
Bankman-Fried Guilty on All Counts in FTX Fraud Trial, Faces Sentencing in 2024
- Bankman-Fried convicted on all 7 counts in November trial, found guilty of stealing $8B from FTX customers
- U.S. prosecutors decide not to pursue a second trial against Bankman-Fried
- Cite strong public interest in prompt resolution of case as reason not to have second trial
- Bankman-Fried facing sentencing in March 2024, likely including forfeiture and restitution orders
- Evidence from potential second trial mostly already presented in first trial