From the New York Times: Sam Bankman-Fried Is Found Guilty of 7 Counts of Fraud and Conspiracy

A look at federal criminal law.

- Click here for the article. 

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 just over four hours of deliberation on Thursday to reach a verdict, convicting Mr. Bankman-Fried of wire fraud, conspiracy and money laundering.

Together the counts carry a maximum sentence of 110 years. Mr. Bankman-Fried, 31, is expected to appeal. He’s scheduled to be sentenced on March 28.

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For more: 

- SEC Charges Samuel Bankman-Fried with Defrauding Investors in Crypto Asset Trading Platform FTX.

- FTX Founder Indicted for Fraud, Money Laundering, and Campaign Finance Offenses.

- Prosecutors Drop Campaign Finance Charge Against Sam Bankman-Fried.

- The Case Against Sam Bankman-Fried.

- Current laws sufficient to charge Sam Bankman-Fried for alleged fraud: DOJ.


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Here is a rundown of the specific laws he violated.

- coming soon.