Sam Bankman-Fried went from being a billionaire palling around with Tom Brady in the Bahamas to a broke, convicted fraudster who faces decades behind bars.
The 31-year-old former CEO of FTX was found guilty by a jury on all seven charges of fraud and conspiracy. The sentencing for these charges, which carry up to 115 years in prison, is scheduled for March 28, 2024. SBF is expected to appeal.
A jury took just over four hours yesterday, including dinner, to conclude that SBF stole $8 billion in customer funds from his crypto exchange FTX to fund risky investments, political contributions, and luxury real estate. The conviction ends a trial that saw three of SBF’s former top lieutenants, including his former girlfriend Caroline Ellison, testify that he was the mastermind behind the yearslong con.
Who could have guessed?
Democrats Love him since he gave BILLIONS of Stolen $$$$ to them !!!! Biden 40% !!!!!!
Biden’s TURN now to be Found GUILTY !!!!!