JUST

Coin

<ul class="news-points"> 
 <li><strong>After weeks of trial, Sam Bankman-Fried has been found guilty on all seven criminal counts against him.&nbsp;</strong></li> 
 <li><strong>The seven charges have a maximum sentence of 115 years in prison.&nbsp;</strong></li> 
 <li><strong>While other FTX executives pleaded guilty, they might not get sentenced to jail time.</strong></li> 
</ul> 
<p>Sam Bankman-Fried has been found guilty on all seven criminal counts against him. On Thursday, November 2, the jury convicted Bankman-Fried of wire fraud and conspiracy to commit wire fraud against FTX customers and Alameda lenders, conspiracy to commit securities fraud and conspiracy to commit commodities fraud against FTX investors, and conspiracy to commit money laundering.</p> 
<p>U.S. Attorney Damian Williams stated that Bankman-Fried perpetrated one of the biggest financial frauds in American history. After the jury read the verdicts, Williams claimed that while the crypto industry might be old, “this kind of corruption is old as time.” He added that the FTX case has always been about lying, cheating, and stealing.&nbsp;</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper"> 
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">JUST IN: <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f1fa-1f1f8.png" alt="🇺🇸" class="wp-smiley" style="height: 1em; max-height: 1em;"> US Attorney says Sam Bankman-Fried perpetrated one of the biggest financial crimes in US history. <a href="https://t.co/CLzVhiALUg" target="_blank" rel="nofollow">pic.twitter.com/CLzVhiALUg</a></p>— Watcher.Guru (@WatcherGuru) <a href="https://twitter.com/WatcherGuru/status/1720238775660372233?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">November 3, 2023</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div>
</figure> 
<p>SB…</p>
<p>The post <a href="https://coinedition.com/sam-bankman-fried-convicted-guilty-on-seven-criminal-counts/">Sam Bankman-Fried Convicted Guilty on Seven Criminal Counts</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.</p>

Sam Bankman-Fried Convicted Guilty on Seven Criminal Counts

Coin Edition

Other articles published on Nov 3, 2023

1Piece Project: A DeFi Adventure Inspired by the Legendary One Piece Tale

HBAR Price Analysis: Shakeout For HBAR Buyers With Pullback!

Federal Courts Criticize SEC's Regulatory Approach Impacting Crypto

WOW Summit Dubai 2023: A Massive Success Shaping the Future of Blockchain Technology

Cardano Price Prediction as Buyers Overcome a 16-Month Correction; Is $0.4 Next Target:?

Tellor account compromised after price surge

Join our free newsletter for daily crypto updates!