A jury has found FTX founder Sam Bankman-Fried guilty on all charges in his federal fraud and conspiracy trial.
The jury deliberated for a little over four hours before reaching a verdict on Thursday.Bankman-Fried was charged with seven counts of fraud, conspiracy and money laundering in what federal prosecutors have described as "one of the biggest financial frauds in American history."
He was accused of using customer deposits on the crypto trading platform FTX to cover losses at his hedge fund, pay off loans and buy lavish real estate, among other personal expenses.
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