Sam Bankman-Fried Faces Up to 110 Years in Prison
Guilty of Fraud and Obstruction Sam Bankman-Fried, the former CEO of FTX, was found guilty of fraud and obstruction of justice. Judge Lewis Kaplan said Bankman-Fried’s actions caused billions of dollars in losses to investors, lenders, and customers. Judge Highlights Severity of Crimes Judge Kaplan emphasized that Bankman-Fried’s crimes were serious and intentional. He misappropriated…