US EditionSam Bankman-Fried found guilty on all seven criminal fraud counts
- Sam Bankman-Fried, the founder of FTX, a bankrupt cryptocurrency exchange, has been convicted of defrauding customers and faces sentencing in March 2024.
- Bankman-Fried siphoned money from FTX to his hedge fund and made speculative investments, while claiming to prioritize customer fund safety. He also made significant political donations to promote favorable cryptocurrency legislation.
- Bankman-Fried's conviction is a major victory for the U.S. Justice Department, marking a stunning downfall for a well-known figure in the crypto industry.
325 Articles
325 Articles
FTX founder Sam Bankman-Fried convicted of defrauding cryptocurrency customers
A New York jury has convicted FTX founder Sam Bankman-Fried of fraud charges. The 31-year-old California man was convicted Thursday in Manhattan federal court by jurors who rejected his testimony that he didn't defraud thousands of customers worldwide who counted on him to safeguard the billions of dollars they deposited in accounts.
Sam Bankman-Fried convicted of fraud in $10 billion FTX scheme
A New York jury has convicted FTX founder Sam Bankman-Fried of fraud charges. Jurors rejected his testimony that he didn’t defraud thousands of customers who trusted him to safeguard billions of dollars. Mr. Bankman-Fried has been jailed since August.
FTX Founder Sam Bankman-Fried Maintains Innocence, Vows to Fight Charges After Fraud Conviction
FTX founder Sam Bankman-Fried was convicted of fraud Thursday by a New York jury over his part in a scheme that cheated FTX customers and investors of at least $10 billion. Counsel for the defense Mark Cohen told reporters after the trial that Mr. Bankman-Fried continues to maintain his innocence, and that he will fight the charges vigorously. ...
The founder of the crypto exchange FTX could only be successful because renowned financial investors awarded him the highest honors. His case shows, however, that when something looks too good to be true, it is often not true.
FTX founder Sam Bankman-Fried convicted of defrauding cryptocurrency customers
FTX founder Sam Bankman-Fried’s spectacular rise and fall in the cryptocurrency industry — a journey that included his testimony before Congress, a Super Bowl advertisement and dreams of a future run for president — hit rock bottom Thursday when a New York jury convicted him of fraud for stealing at least $10 billion from customers and investors.Seguir leyendo
Dem Megadonor Sam Bankman-Fried Convicted of Multibillion-Dollar Fraud
FTX founder and former Democratic megadonor Sam Bankman-Fried was found guilty on Thursday of stealing from customers of his now-bankrupt cryptocurrency exchange in one of the biggest financial frauds on record, a verdict that cemented the 31-year-old former billionaire's fall from grace. A 12-member jury in Manhattan federal court convicted Bankman-Fried on all seven counts he faced after a monthlong trial in which prosecutors made the case tha…
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