Former FTX CEO Sam Bankman-Fried was found guilty by a panel of 12 jurors on Thursday.
Bankman-Fried was charged with all seven counts of fraud alleged by federal prosecutors.
The jury found the former executive guilty after a month-long trial where the prosecution presented nearly 20 witnesses to the defense’s three, with Bankman-Fried himself taking the stand. FTX co-founder Gary Wang, former head of engineering Nishad Singh and former Alameda CEO Caroline Ellison testified against their former colleague.
Sam Bankman-Fried now awaits sentencing. A hearing will be held where Judge Lewis Kaplan — who oversaw the entirety of Bankman-Fried’s trial — will decide on his sentence….
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