In November, we reported that a New York jury had found former FTX founder Sam Bankman-Fried (SBF) guilty of fraud:
Sam Bankman-Fried has been found guilty by a jury of his peers of fraud totaling $10 billion. The verdict was delivered on Thursday in New York after a trial that lasted a month. During the proceedings, Bankman-Fried took the stand himself for several days but was unpersuasive in the end.
FTX founder Sam Bankman-Fried’s spectacular rise and fall in the cryptocurrency industry — a journey that included his testimony before Congress, a Super Bowl advertisement and dreams of a future run for president — hit a new bottom Thursday when a New York jury convicted him of fraud in a scheme that cheated customers and investors of at least $10 billion.
After the monthlong trial, jurors rejected Bankman-Fried’s claim during four days on the witness stand in Manhattan…
