FTX founder Sam “SBF” Bankman-Fried, as soon as described because the “golden boy” of crypto, is about to stare down a jury subsequent week for his position within the collapse of his $32-billion crypto alternate.
After a jury choice course of on Oct. 3, the trial begins in earnest on Oct. 4, with Bankman-Fried going through seven costs. If discovered responsible on all counts, he faces a most sentence of 115 years in jail.
Life behind bars?
Breaking down the costs
- Committing wire fraud on FTX prospects
- Conspiring to commit wire fraud on FTX prospects
- Committing wire fraud on Alameda Analysis lenders
- Conspiring to commit wire fraud on Alameda Analysis lenders
- Conspiring to commit securities fraud in opposition to FTX traders
- Conspiring to commit [commodities?] fraud in opposition to FTX prospects
- Conspiring to commit cash laundering to cover the proceeds of wire fraud on FTX prospects.
SBF’s seemingly protection
Proceed Studying on Coin Telegraph