Jury Reaches Verdict In Sam Bankman-Fried Case
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November 3, 2023 12:31 pm
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The jury has reached a verdict in the criminal trial of Sam Bankman-Fried.
According to multiple sources, the former FTX CEO has been found guilty on all seven charges and could potentially face a combined 110 years behind bars. CNN Business reports:
Former billionaire Sam Bankman-Fried was found guilty of seven counts of fraud and conspiracy. Here’s what that means.
Each count pertains to a specific kind of crime committed against a specific group of alleged victims.
SBF still has a chance to appeal the verdict and sentencing has been set for March 2024.
It remains to be seen if SBF is still able to successfully appeal his case and avoid the long arm of the law and whether or not he will receive an incredibly light sentence. Here’s what everyone is saying:
SBF found guilty on all charges – a landmark verdict that proves not all scams will go unpunished. https://t.co/eqhbVfME72
— RedStone Oracles ♦️ (@redstone_defi) November 3, 2023
standing outside the courtroom after SBF’s verdict pic.twitter.com/N3KHLTxKEI
— Tiffany Fong (@TiffanyFong_) November 3, 2023
Enjoying the SBF verdict, but I can't help thinking this only happened because he was a crypto fraudster and not a traditional finance fraudster. Banks and finance have much more political clout and used it to avoid prosecution after '08.
For more, read THE CHICKENSHIT CLUB pic.twitter.com/w081bHhWBA
— Daniel Suitor (@DanSuitor) November 3, 2023
Rule #1: "Never trust a government that claims to move at the speed of light". We've heard that rhetoric before – maybe they own the science on this by now, but come on guys, that's not possible. pic.twitter.com/4SLXPx0Rq2
Also, I see a lot of people celebrating the SBF verdict…
— Monthly Trend Report (@monthly_macro) November 3, 2023
Daily Coin remarked:
“FTX fraudster Sam Bankman-Fried is facing 100+ years in federal prison after he was found guilty of all charges brought forward by the DOJ.
However, what remains unclear is whether action will be taken by the DOJ to investigate the over $70 million dollars SBF donated to high-profile U.S. politicians and super PACs over the past two years,” wrote Trending Politics co-owner Collin Rugg.
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