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Sam Bankman-Fried Found Guilty of All Seven Counts in Fraud Trial

FTX founder Sam Bankman-Fried was convicted Thursday of stealing billions of dollars from customers of the doomed crypto exchange, in what prosecutors called one of the biggest financial frauds in U.S. history. A New York federal jury convicted him of all seven counts he faced. The verdict capped the stunning fall of the onetime crypto king, whose shaggy-haired, boy-genius persona helped catapult FTX into a powerhouse trading platform that sponsored sports teams and ran glitzy ads featuring football great Tom Brady, model Gisele Bündchen and comedian Larry David. Continue reading your article witha WSJ subscription.

This Cyber News was published on www.wsj.com. Publication date: Thu, 30 Nov 2023 23:19:27 +0000


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