A jury found Sam Bankman-Fried guilty in his fraud trial over the collapse of FTX.
One by one, his friends flipped to work with the prosecution and threw Bankman-Fried under a much bigger bus.
That's how a jury found him guilty of seven counts in his federal fraud trial in downtown Manhattan on Thursday evening.
AdvertisementAdvertisementSingh, for example, testified he was "blindsided and horrified" when he found out in November that Alameda had used FTX customer money.
The sentencing schedule may depend on a second criminal trial Bankman-Fried faces for alleged illegal campaign contributions.
Persons:
Sam Bankman, Fried, SBF, —, FTX, –, Nicolas Roos, Jim Angel, Angel, Caroline Ellison, Gary Wang, Nishad Singh, Bankman, Singh, blindsided, Ellison, Sam, Eduardo Munoz Alvarez, Wang, Singh —, Mark Cohen, Cohen, who'd, Adam Yedidia, Sun, deflating, they're, Chelsea Jia Feng, Danielle Sassoon, Roos
Organizations:
Service, Prosecutors, MIT, Georgetown, Financial Markets, Alameda, Bankman
Locations:
FTX, Alameda, Manhattan, Bankman