Sam Bankman-Fried Found Guilty on All Counts in FTX Fraud Trial
-
Sam Bankman-Fried was found guilty on all 7 counts of fraud, conspiracy, and money laundering related to the collapse of FTX.
-
Prosecutors portrayed him as orchestrating a multibillion dollar fraud scheme using FTX customer funds.
-
Defense claimed he made poor management decisions but did not have criminal intent.
-
Witnesses including former employees testified he directed them to illegally transfer customer funds.
-
Bankman-Fried faces maximum sentences of 20 years on some counts, but judge has discretion on final sentencing.
