A jury found Sam Bankman-Fried guilty of financial crimes in his five-week Manhattan trial.
The defense said Bankman-Fried simply didn't know and his executives were to blame.
AdvertisementAdvertisementA jury found Sam Bankman-Fried guilty of seven counts of fraud and conspiracy in his criminal trial in Manhattan federal court after deliberating for about four and a half hours on Thursday.
AdvertisementAdvertisementCharges against Bankman-Fried included wire fraud, conspiracy to commit wire fraud, conspiracy to commit securities fraud, conspiracy to commit commodities fraud, and conspiracy to commit money laundering.
Ellison – along with execs Gary Wang and Nishad Singh – pleaded guilty to wire fraud and conspiracy charges and testified against Bankman-Fried at the trial, each emphasizing how they committed crimes at Bankman-Fried's direction.
Persons:
Sam Bankman, —, Caroline Ellison, Ellison –, execs Gary Wang, Nishad Singh –, Fried
Organizations:
Prosecutors, Service, Inner City Press, Alameda Research, Washington , D.C, Bankman, Alameda
Locations:
Manhattan, Bahamas, Washington ,, FTX, Alameda, Bankman