Posted 11/3/2023, 9:58:00 AM
FTX Founder Sam Bankman-Fried Guilty on Fraud Charges, Faces Over 100 Years in Prison
- Sam Bankman-Fried was found guilty on 7 counts of fraud for his role in FTX collapse
- He faces up to 110 years in prison when sentenced on March 28, 2024
- Prosecutors said he stole billions from FTX customers to fund his hedge fund Alameda
- His ex-girlfriend Caroline Ellison was a key witness, implicating him in fraud
- Bankman-Fried took the stand in his defense but was unable to counter prosecution
- Second trial on 5 more charges is scheduled for March