Sam Bankman-Fried is found guilty of all charges in FTX's spectacular collapse
The conviction marks a spectacular fall from grace for a once shining star in finance. He faces decades in prison.
Updated November 2, 2023 at 10:20 PM ET
Sam Bankman-Fried, the former head of cryptocurrency exchange FTX, was found guilty of each of the seven criminal charges he was facing, marking a spectacular fall from grace for a "math nerd" who was once a shining star in finance.
Bankman-Fried now faces the prospect of spending decades in prison after being convicted on charges including securities fraud, wire fraud and money laundering. The jury deliberated just for several hours before reaching its verdict.
Bankman-Fried is likely to appeal the decision.
"We respect the jury's decision. But we are very disappointed with the result. Mr. Bankman
