• About
  • Landing Page
  • Buy JNews
SB Crypto Guru News- latest crypto news, NFTs, DEFI, Web3, Metaverse
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • CRYPTO MINING
  • BLOCKCHAIN
  • NFT
  • DEFI
  • WEB3
  • METAVERSE
  • REGULATIONS
  • SCAM ALERT
  • ANALYSIS
No Result
View All Result
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • CRYPTO MINING
  • BLOCKCHAIN
  • NFT
  • DEFI
  • WEB3
  • METAVERSE
  • REGULATIONS
  • SCAM ALERT
  • ANALYSIS
No Result
View All Result
SB Crypto Guru News- latest crypto news, NFTs, DEFI, Web3, Metaverse
No Result
View All Result

Sam Bankman-Fried Discovered Responsible On All Fees

SB Crypto Guru News by SB Crypto Guru News
November 3, 2023
in NFT
0 0
0
Sam Bankman-Fried Discovered Responsible On All Fees


The Crypto King has fallen.

After 15 days of deliberations in a New York Metropolis courtroom, it took a jury lower than 5 hours to convict FTX Founder Sam Bankman-Fried.

The crypto conman was discovered responsible of all seven expenses in opposition to him, together with two counts of wire fraud, 4 counts of conspiracy to commit fraud, and one depend of conspiracy to commit cash laundering.

FTX’s multibillion-dollar scheme was one of many largest frauds in American historical past and got here to represent the greed and lawlessness of the cryptocurrency trade.

“Sam Bankman-Fried perpetrated one of many largest monetary frauds in American historical past,” says U.S. legal professional Damian Williams. “The cryptocurrency trade is likely to be new. The gamers, like Sam Bankman-Fried, is likely to be new. However this sort of corruption is as previous as time.” pic.twitter.com/E5GonXXqpz

— Final Name (@LastCallCNBC) November 3, 2023

Associated: 11 of the Greatest Bombshells From Sam Bankman-Fried’s FTX Fraud Trial

Shaking within the Courtroom

In response to CNN, Bankman-Fried bowed his head and visibly shook because the jury learn the decision. His mother and father, longtime Stanford regulation professors, stood behind him, clearly distraught. As he was escorted out of the courtroom, Bankman-Fried turned to them and smiled, inflicting his mom to interrupt down in tears.

Outdoors the courthouse, U.S. Lawyer Damian Williams stated the decision despatched a transparent message to each “fraudster on the market who thinks they’re untouchable. These of us ought to suppose once more. And if they do not, I promise we’ll have sufficient handcuffs for all of them.”

Williams added that whereas the cryptocurrency trade was new, the crime was not. “The gamers, like Sam Bankman-Fried, is likely to be new. However this sort of fraud, this sort of corruption, is as previous as time,” he stated.

Associated: How Equivalent Twin Brothers Introduced Down Drug Lord El Chapo’s $2 Billion Empire

Sentencing Scheduled for March

Sentencing is scheduled for March 28. Collectively, the counts carry a most sentence of 110 years.

Protection legal professional Mark Cohen urged that Bankman-Fried will enchantment, saying, “Mr. Bankman Fried maintains his innocence and can proceed to vigorously battle the fees in opposition to him.”





Source link

Tags: BankmanFriedBitcoin NewsChargesCrypto NewsCrypto UpdatesGuiltyLatest News on CryptoSamSB Crypto Guru News
Previous Post

Ripple And Nationwide Financial institution Of Georgia Be a part of Forces For Digital Lari Pilot

Next Post

SEC Asks Court docket for Abstract Judgement Towards Do Kwon, Terraform

Next Post
SEC Asks Court docket for Abstract Judgement Towards Do Kwon, Terraform

SEC Asks Court docket for Abstract Judgement Towards Do Kwon, Terraform

  • Trending
  • Comments
  • Latest
Meta Pumps a Further  Million into Horizon Metaverse

Meta Pumps a Further $50 Million into Horizon Metaverse

February 24, 2025
How to Get Token Prices with an RPC Node – Moralis Web3

How to Get Token Prices with an RPC Node – Moralis Web3

September 3, 2024
Meta Quest Pro Discontinued! Enterprise-Grade MR Headset is No Longer Available

Meta Quest Pro Discontinued! Enterprise-Grade MR Headset is No Longer Available

January 6, 2025
Big XR News from Google, Samsung, Qualcomm, Sony, XREAL, Magic Leap, Lynx, Meta, Microsoft, TeamViewer, Haply

Big XR News from Google, Samsung, Qualcomm, Sony, XREAL, Magic Leap, Lynx, Meta, Microsoft, TeamViewer, Haply

December 13, 2024
Samsung Unveils ‘Moohan’ to Compete with Quest, Vision Pro

Samsung Unveils ‘Moohan’ to Compete with Quest, Vision Pro

January 29, 2025
Chiliz Chain Deep Dive – Why Build on Chiliz Chain? – Moralis Web3

Chiliz Chain Deep Dive – Why Build on Chiliz Chain? – Moralis Web3

September 10, 2024
KULR Technology Group Announces 0 Million ATM Offering To Invest In Their Bitcoin Treasury

KULR Technology Group Announces $300 Million ATM Offering To Invest In Their Bitcoin Treasury

0
Circle Shares Extend Rally, Gain 15% on Monday to Hit 4 After Strong IPO

Circle Shares Extend Rally, Gain 15% on Monday to Hit $134 After Strong IPO

0
Pundit Says Do Not Ignore Ethereum Amid New All-Time Highs In Major Metric

Pundit Says Do Not Ignore Ethereum Amid New All-Time Highs In Major Metric

0
XRP Price Remains Bullish Above , This Falling Channel Says .8 Is Coming

XRP Price Remains Bullish Above $2, This Falling Channel Says $3.8 Is Coming

0
Strategy buys another 1,045 Bitcoin to push its stash to nearly 3% of supply

Strategy buys another 1,045 Bitcoin to push its stash to nearly 3% of supply

0
Albanian dictator’s fortress-like palace becomes ‘hub for artistic experimentation’

Albanian dictator’s fortress-like palace becomes ‘hub for artistic experimentation’

0
Circle Shares Extend Rally, Gain 15% on Monday to Hit 4 After Strong IPO

Circle Shares Extend Rally, Gain 15% on Monday to Hit $134 After Strong IPO

June 9, 2025
KULR Technology Group Announces 0 Million ATM Offering To Invest In Their Bitcoin Treasury

KULR Technology Group Announces $300 Million ATM Offering To Invest In Their Bitcoin Treasury

June 9, 2025
Pundit Says Do Not Ignore Ethereum Amid New All-Time Highs In Major Metric

Pundit Says Do Not Ignore Ethereum Amid New All-Time Highs In Major Metric

June 9, 2025
Strategy buys another 1,045 Bitcoin to push its stash to nearly 3% of supply

Strategy buys another 1,045 Bitcoin to push its stash to nearly 3% of supply

June 9, 2025
Visa, Fidelity, China AMC Pilot Chainlink-Powered CBDC-Stablecoin Swap 

Visa, Fidelity, China AMC Pilot Chainlink-Powered CBDC-Stablecoin Swap 

June 9, 2025
Circle made history… but what happens next

Circle made history… but what happens next

June 9, 2025
SB Crypto Guru News- latest crypto news, NFTs, DEFI, Web3, Metaverse

Find the latest Bitcoin, Ethereum, blockchain, crypto, Business, Fintech News, interviews, and price analysis at SB Crypto Guru News.

CATEGORIES

  • Altcoin
  • Analysis
  • Bitcoin
  • Blockchain
  • Crypto Exchanges
  • Crypto Updates
  • DeFi
  • Ethereum
  • Metaverse
  • Mining
  • NFT
  • Regulations
  • Scam Alert
  • Uncategorized
  • Web3

SITE MAP

  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us
  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

© 2025 JNews - Premium WordPress news & magazine theme by Jegtheme.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • CRYPTO MINING
  • BLOCKCHAIN
  • NFT
  • DEFI
  • WEB3
  • METAVERSE
  • REGULATIONS
  • SCAM ALERT
  • ANALYSIS

© 2025 JNews - Premium WordPress news & magazine theme by Jegtheme.