Crypto Scammer Sam Bankman-Fried Found Guilty On All Seven Criminal Fraud Counts, Faces Up to 115 Years in PrisonChris Menahan
Nov. 02, 2023
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FTX crypto scammer Sam Bankman-Fried on Thursday was found guilty by a jury of all seven criminal counts against him and faces a maximum of 115 years in prison.
From CNBC, "Sam Bankman-Fried found guilty on all seven criminal fraud counts":
[Bankman-Fried] was convicted of wire fraud and conspiracy to commit wire fraud against FTX customers and against Alameda Research lenders, conspiracy to commit securities fraud and conspiracy to commit commodities fraud against FTX investors, and conspiracy to commit money laundering."The conviction cements Bankman-Fried as one of the largest financial fraudsters in history, whose victims suffered nearly $10 billion in losses after FTX misappropriated customer funds to spend lavishly on luxury real estate, investments, and 'dark money' political donations, all at his direction, the jury found," The Washington Post reports.
As I reported previously, Bankman-Fried tried to escape charges by telling Congress he was the victim of anti-Semitism.
Max Berger investigated Bankman-Fried's political donations earlier this year and noticed how they aligned with AIPAC and a cadre of pro-Israel megadonors.
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