Sam Bankman-Fried's Trial: Jury Deliberations Commence

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Source: CNBC
Sam Bankman-Fried's Trial: Jury Deliberations Commence
Photo: CNBC
TL;DR Summary

Jurors in the criminal trial of FTX founder Sam Bankman-Fried have begun deliberations after a month of testimony. Bankman-Fried is facing seven counts, including wire fraud and money laundering, related to the collapse of his crypto empire. If convicted, he could face over 100 years in prison. The defense argued that Bankman-Fried acted in good faith and without criminal intent, while the prosecution presented evidence of fraud on a massive scale, including the misuse of customer funds and extravagant personal expenses. A verdict could be reached as early as Thursday afternoon.

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