He now faces decades in prison.
Cryptocurrency guru Sam Bankman-Fried has been found guilty of fraud, money laundering, and more.
A 12-member New York jury convicted the 31-year-old FTX founder on all seven counts of fraud and conspiracy in relation to his role in a scheme that cheated customers and investors of at least $10 billion.
He now faces decades in prison. U.S. District Judge Lewis Kaplan set Mr. Bankman-Fried’s sentencing for March 28, 2024.
His defense attorneys, who raised objections to multiple decisions made by Judge Kaplan both prior to and during the trial, are expected to appeal the verdict.
But under cross-examination from prosecutors, he often spoke evasively and struggled to remember many events.