Jury Finds Sam Bankman-Fried Guilty on All Counts in FTX Fraud Trial

Sam Bankman-Fried was found guilty on all 7 counts of defrauding FTX customers.

The 12-member jury reached a verdict after just over 4 hours of deliberation.

Bankman-Fried faces decades in prison when he is sentenced in March 2024.

Prosecutors argued Bankman-Fried stole $8 billion from FTX customers out of sheer greed.

The verdict came almost 1 year after FTX filed for bankruptcy, erasing Bankman-Fried's $26 billion fortune.