What’s next for the ‘crypto king’ Sam Bankman-Fried?
The former FTX CEO is headed back to prison and awaits a potential second trial in March, while his lawyers pledged to “continue to vigorously fight the charges against him."
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The former FTX CEO is headed back to prison and awaits a potential second trial in March, while his lawyers pledged to “continue to vigorously fight the charges against him."
Sam Bankman-Fried’s criminal trial has concluded with a jury finding him guilty of all seven charges.
The former FTX CEO faces seven counts of conspiracy and fraud. A New York court will decide his fate.
Jury deliberations are to expected to begin shortly and may last until next Monday.
“He knew what he was doing was wrong; that’s why he never hired a risk officer,” U.S. Assistant Attorney Danielle Sassoon said.
The prosecution is delivering its closing arguments at the Southern District Court of New York, where Sam Bankman-Fried’s trial has been taking place since Oct. 3.
The former FTX CEO faces seven counts of conspiracy and fraud. A New York court will decide his fate.
The U.S. government delivers its closing arguments in New York to convince the jury that Sam Bankman-Fried is guilty of fraud and conspiracy to commit fraud.
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