Jury Declares Sam Bankman-Fried Guilty of All 7 Charges, Sentencing to Follow

Coinspeaker
Jury Declares Sam Bankman-Fried Guilty of All 7 Charges, Sentencing to Follow
The five-week-long criminal trial of former FTX CEO Sam Bankman-Fried (SBF) has finally concluded. Sam Bankman-Fried, who was charged with multiple counts of fraud and criminal conspiracy, has been found guilty of all seven charges against him. The decision was reached after nearly four hours of deliberations by a jury in his criminal trial in New York.
According to the decision, Bankman-Fried has been found guilty of two counts of wire fraud, two counts of wire fraud conspiracy, one count of commodities fraud conspiracy, one count of securities fraud, and one count of money laundering conspiracy. Therefore, he is expected to return to court on March 28, 2024, when New York District Judge Lewis Kaplan will pronounce his final verdict and sentence.
What is Sam Bankman-Fried Looking at?
Government prosecutors will, no doubt, recommend a sentence. However, that is simply all it is: a recommendation.

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