FTX founder and former CEO Sam Bankman-Fried was found guilty on all seven counts by a New York jury. The charges included wire fraud, and conspiracy to commit wire fraud, securities fraud and commodities fraud against investors and clients of his crypto exchange FTX, as well as the lenders doing business with his hedge fund Alameda Research. Bankman-Fried previously pleaded not guilty to all counts.
Bankman-Fried is likely to appeal the verdict. If the appeal fails, he will be sentenced on March 28. Judge Lewis Kaplan asked the prosecutors to inform him by February whether they plan to pursue another trial on charges of campaign finance and foreign bribery.
