Former cryptocurrency mogul Sam Bankman-Fried has been found guilty on all charges after a month-long trial. The jury unanimously convicted him on seven counts of fraud, embezzlement, and criminal conspiracy. Bankman-Fried, once a young billionaire in the world of cryptocurrencies, was accused of misappropriating up to $10 billion by siphoning off customers’ money to his hedge fund, Alameda Research, and using it for high-risk investments, real estate purchases, and political campaigns. The sentencing date has been set for March 28, 2024, and Bankman-Fried faces a potential prison sentence of up to 115 years. This is not the end of his legal troubles, as he is scheduled to stand trial again next March on separate charges of foreign bribery and conspiracies related to bank fraud. If found guilty on those counts as well, his jail sentence could be even longer.

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Information	Details
Geography	North America
Countries	🇺🇸
Sentiment	negative
Relevance Score	1
People	Caroline Ellison, Lewis Kaplan, Sam Bankman-Fried
Companies	boX, FTX, Alameda Research, None
Currencies	None
Securities	None