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Sam Bankman - 1 Fried - 1 FTX - 1 convicting Mr - 1 He’s - 1 Donald Trump - 1 Trump - 1 Jack Smith - 1
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☆ Sam Bankman-Fried Is Found Guilty of 7 Counts of Fraud and Conspiracy
  + stars: | 2023-11-02 | by ( David Yaffe-Bellany | Matthew Goldstein | J. Edward Moreno | ) www.nytimes.com   time to read: 1 min
Sam Bankman-Fried, the tousle-haired mogul who founded the FTX cryptocurrency exchange, was convicted on Thursday of seven charges of fraud and conspiracy after a monthlong trial that laid bare the rampant hubris and risk-taking across the crypto industry. Mr. Bankman-Fried became a symbol of crypto’s excesses last year when FTX collapsed and he was charged with stealing as much as $10 billion from customers to finance political contributions, venture capital investments and other extravagant spending. A jury of nine women and three men took more than four hours of deliberation on Thursday to reach a verdict, convicting Mr. Bankman-Fried of wire fraud and conspiracy. Together the counts carry a maximum sentence of 110 years. Mr. Bankman-Fried, 31, is expected to appeal.
Persons: Sam Bankman, Fried, FTX, convicting Mr, He’s
☆ Opinion | The Georgia Indictment Speaks to History
  + stars: | 2023-08-16 | by ( David Firestone | ) www.nytimes.com   time to read: +1 min
No one knows whether these charges will lead to convicting Mr. Trump and the other conspirators or in keeping him from power. But even if it doesn’t, the indictment, and the evidence supporting it, and the trial that ideally will follow it, will have a lasting value. Unlike the other three cases against Mr. Trump, this one is an indictment for history, for the generations to come who will want to know precisely how the men and women in Mr. Trump’s orbit tried to subvert the Constitution and undermine American democracy, and why they failed. History needs a story line to be fully understood. But in Georgia, Fani Willis, the district attorney of Fulton County, was unencumbered by the narrower confines of federal law and was able to use the more expansive state RICO statute to draw the clearest, most detailed picture yet of Mr. Trump’s plot.
Persons: Donald Trump, Trump, Jack Smith, Mike Pence, Fani Willis Locations: Georgia, American, Fulton County
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