Beleaguered cryptocurrency king and FTX founder Sam Bankman-Fried was convicted on seven counts in his fraud trial in New York Thursday, ending a storied ascent that brought in millions in political donations and sparked criminal probes across agencies when FTX collapsed.

Bankman-Fried was convicted of charges including wire fraud and conspiracy to commit securities fraud in his case tried in the Southern District of New York.

“Sam Bankman-Fried perpetrated one of the biggest financial frauds in American history – a multibillion-dollar scheme designed to make him the King of Crypto – but while the cryptocurrency industry might be new and the players like Sam Bankman-Fried might be new, this kind of corruption is as old as time,” Damian Williams, the U.S. attorney for the Southern District of New York said in a statement.

“This case has always been about lying, cheating, and stealing, and we have no patience for it,” Williams continued.

Bankman-Fried, 31, faced several charges over allegations that he defrauded his customers and investors of billions of dollars in a scheme that prosecutors have called “one of the biggest financial frauds in American history.”

Read on..
https://newsbreakforum.com/sam-bankman-fried-found-guilty-on-all-counts-as-jury-returns-swift-verdict/

This is serious

Meanwhile an oluwole accountant is walking free, this can only happen in a fraudulent sh*thole

110 years??
i'm pretty sure they know he won't use all the years

110 Years - That's life imprisonment

Nah oyinbo get scam forget

Efcc should come and learn.
Go after politicians and leave innocent young guys alone. The few into fraud can face whatever they encounter

princepeter566:
Efcc should come and learn.
Go after politicians and leave innocent young guys alone. The few into fraud can face whatever they encounter

What if they don't face nothing, so they should allow them to keep scamming people abi. You want one evil to stop and another continued. The American dude above isn't a politician but an entrepreneur so your example is not correct

Man was a mentor to many and seen as a crypto genius who started from arbitrage.

Little did we know it was all smoke in the air!!!

Karlovich:
Meanwhile an oluwole accountant is walking free, this can only happen in a fraudulent sh*thole

Did that Oluwole Accountant ever work in USA?

If so, why didn't they jail him?

He wasn't wise , too bad he's gonna get laid in Orange jumpsuit


Most of these crypto bros are sloppy nowadays and leave way too foot steps

I expect Patricia.com CEO Anu to be get the same treatment from Efcc or DSS soon.

A lesson to beware of crypto….