FTX Founder Sam Bankman-Fried Convicted on Fraud Conspiracy Charges

Sam Bankman-Fried was just found guilty at his federal fraud and conspiracy trial. Bankman-Fried was charged and convicted on 7 counts of fraud, conspiracy and money laundering in what prosecutors described as "One of the biggest financial frauds in American history." He used customer deposits on the crypto trading platform FTX to cover losses at his hedge fund, pay off loans, and buy lavish real estate. He now faces up to 115 years in prison. He as well as his bestfriend Gary Wang, and ex- girlfriend Caroline Ellison both pled guilty and cooperated as witnesses for the prosecution. Full Story Via CNBC HERE


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