Former FTX CEO Was Found Guilty Of Fraud—Here are 4 Things You Should Know

Key Takeaways

  • FTX founder and former CEO Sam Bankman-Fried was found guilty by a jury on seven counts including fraud and money laundering.
  • Five of those counts carry a maximum of 20 years of prison sentence each, while two others could earn him maximum jail time of 5 years.
  • Bankman-Fried’s sentencing will take place in March next year, he also faces a separate trial on charges of foreign bribery.
  • Misuse of FTX customer money funded trading, lavish personal purchases and substantial…

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