Disgraced FTX founder convicted for fraud ...News

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Disgraced FTX founder convicted for fraud
Former billionaire Sam Bankman-Fried still faces a second trial for bribery and bank fraud charges FTX founder Sam Bankman-Fried has been found guilty on seven counts of fraud and conspiracy linked to his ill-fated cryptocurrency exchange and a related hedge fund. The one-time crypto mogul was accused of bilking customers for some $8 billion and lying to investors. Jurors returned the guilty verdict on Thursday, following more than two weeks of testimony and four hours of deliberations. US Attorney Damian Williams praised the jury’s decision in a statement after the hearing, saying the government had “no patience”

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