Prosecutors charged him with money laundering and conspiring to defraud FTX and Alameda customers, investors, and lenders.
Here's a breakdown of the seven charges jurors are considering.
AdvertisementAdvertisementProsecutors allege he stole money from customers of FTX, the exchange, and used the funds for trades, investments, and property purchases through Alameda Research.
AdvertisementAdvertisementIn addition to the criminal counts in this trial, Bankman-Fried faces another set of charges related to allegedly illegal campaign contributions.
AdvertisementAdvertisementBeyond the criminal charges, Bankman-Fried has a slew of other legal problems, including negotiations over FTX's bankruptcy and civil lawsuits from regulators and investors who claim they were defrauded.
Persons:
Sam Bankman, FTX, —, Fried, Lewis Kaplan, — Prosecutors, Caroline Ellison, it's, Kaplan, he's
Organizations:
Prosecutors, Service, Alameda Research, Bowl, —
Locations:
Alameda, Manhattan, Bahamas, FTX