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2023-11-03 -Lurid Crime Tales-

Sam Bankman-Fried convicted on all charges

[WND] Daily Caller News Foundation

A jury found disgraced cryptocurrency tycoon and Democrat megadonor Sam Bankman-Fried guilty of fraud-related charges on Thursday.

Bankman-Fried co-founded and served as CEO of cryptocurrency exchange FTX, which collapsed in November amid allegations the company was mishandling billions in customer funds. The Department of Justice indicted Bankman-Fried on seven fraud and conspiracy-related charges in August, alleging he masterminded a scheme to divert the money to fund campaign contributions, donations to charities and real estate acquisitions.

The jury found Bankman-Fried guilty on all seven charges, reaching the verdict after around four hours of deliberations, according to The Messenger. Four of the charges have potential prison sentences of up to 20 years each, but the judge will make the final decision on sentencing.

His sentencing is scheduled for March 28, according to The New York Times

Posted by Besoeker 2023-11-03 03:30|| || Front Page|| [11155 views ] Top

#1 He didn't share with upstairs?

Posted by Grom the Reflective 2023-11-03 04:38|| 2023-11-03 04:38|| Front Page Top

#2 I hope his affairs are in order.

Posted by Besoeker 2023-11-03 04:42|| 2023-11-03 04:42|| Front Page Top

#3 Demise of Sam Bankman-Fried and his $32 billion cryptocurrency empire was triggered by single tweet from industry rival Changpeng Zhao which caused rush of withdrawals from FTX by customers who lost everything

Posted by Skidmark 2023-11-03 07:56|| 2023-11-03 07:56|| Front Page Top

#4 Let me be among the first to say Sam Bankman-Fried didn't commit suicide. Unless he has information that would result in the arrest and conviction of Hillary Clinton.

Posted by Procopius2k 2023-11-03 08:04|| 2023-11-03 08:04|| Front Page Top

#5 If a given dem got money from this crook and didn't return it to the bankruptcy trustee, they need called out on it continuously. Any pub who took this money needs to be primaried.

Posted by M. Murcek 2023-11-03 08:06|| 2023-11-03 08:06|| Front Page Top

#6 How Caroline Ellison became celebrated Alameda CEO before being exposed as fraudster and testifying against ex-boyfriend Sam Bankman-Fried

Posted by Skidmark 2023-11-03 09:15|| 2023-11-03 09:15|| Front Page Top

#7 I was half watching this trial yesterday - the jury came out w/ guilty verdicts within a few hours. That's pretty quick if you ask me.

Posted by Raj 2023-11-03 09:38|| 2023-11-03 09:38|| Front Page Top

#8 A good foreman could have done it without leaving the jury box.

Posted by Besoeker 2023-11-03 09:50|| 2023-11-03 09:50|| Front Page Top

#9 Judge Roy Bean: "This morning we are going to give this man a fair trial and then, right after lunch, we are going to hang him..."

Posted by M. Murcek 2023-11-03 10:16|| 2023-11-03 10:16|| Front Page Top

#10 The discrediting and burying of the client list.

Posted by swksvolFF 2023-11-03 13:47|| 2023-11-03 13:47|| Front Page Top

#11 So ends the crypto-currency era.

How dense would you have to be to trust any of them?

Posted by AlanC 2023-11-03 15:53|| 2023-11-03 15:53|| Front Page Top

#12 Crypto is a "true believer" item. You are wasting your breath questioning its legitimacy with anyone who's a fan of it.

Posted by M. Murcek 2023-11-03 16:01|| 2023-11-03 16:01|| Front Page Top

#13 Think they understand that at least one unofficial official crypto is handy; SBF had it but was likely getting too bombed and too loose, too often, and thought himself untouchable like Hunter.

Guess who doesn't work for you, Jack.

Posted by swksvolFF 2023-11-03 16:17|| 2023-11-03 16:17|| Front Page Top

#14 Crypto, EV's and legal Cannabis. All investment losers, I told my Financial Advisor about 4 years ago

Posted by Frank G 2023-11-03 18:38|| 2023-11-03 18:38|| Front Page Top

#15 His Stanford Professor parents are deeply intertwined in the biz and likely need extensive audits by the Bankruptcy court and executor. Clean em out. Stanfordscholars co-signed Sam Bankman-Fried’s $250 million bail deal

Where did they come up with $25Mil??

Posted by Frank G 2023-11-03 18:41|| 2023-11-03 18:41|| Front Page Top

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