He FTX founder Sam Bankman-Fried He was found guilty this Thursday by a New York jury of the seven crimes of fraud and money laundering with which he was charged.
The 12-member jury (nine women and three men) delivered its verdict late in the afternoon, after a trial that lasted almost a month and in which the US Federal Attorney’s Office painted the defendant, 31, as a fraudster who stole money from thousands of victims.
(We recommend: The New York MET returns $550,000 to the FTX cryptocurrency platform).
Bankman-Fried now faces a maximum sentence of more than one hundred years for the seven crimes, which include several counts of fraud and money laundering.
The accused sat as a witness during the last three days of the hearings, and took the opportunity to distance himself from the bad decisions at FTX and its sister company, Alameda Research; point out his former allies, who cooperate with the Prosecutor’s Office, and reiterate that he had no bad intentions, but recognized that he did not measure up and failed in risk management.
The deputy prosecutor Danielle Sassoon He subjected Bankman-Fried to harsh interrogation, pointing out contradictions between his private and public statements and obtaining his confession, for example, that FTX gave a large line of privileged credit to Alameda, which used client funds to “play” , as stated in closing arguments.
FTX, which was one of the largest cryptocurrency platforms in the world and was once valued at $32 billion, collapsed in November 2022 after many users rushed to withdraw their funds amid reports that questioned the solvency of the company.
Bankman-Fried was accused of diverting almost 9 billion dollars from clients of FTX for other purposes and faces another similar trial in March, in which he is accused of fraud by the Securities Market Commission (SEC, for its acronym in English).
EFE
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