How long could Sam Bankman-Fried go to jail for? Crypto lawyers weigh in By Cointelegraph
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© Reuters.
FTX founder Sam “SBF” Bankman-Fried, once described as the “golden boy” of crypto, is set to stare down a jury next week for his role in the collapse of his $32-billion crypto exchange.
After a jury selection process on Oct. 3, the trial begins in earnest on Oct. 4, with Bankman-Fried facing seven charges. If found guilty on all counts, he faces a maximum sentence of 115 years in prison.
Life behind bars?
Breaking down the charges
- Committing wire fraud on FTX customers
- Conspiring to commit wire fraud on FTX customers
- Committing wire fraud on Alameda Research lenders
- Conspiring to commit wire fraud on Alameda Research lenders
- Conspiring to commit securities fraud against FTX investors
- Conspiring to commit [commodities?] fraud against FTX customers
- Conspiring to commit money laundering to hide the proceeds of wire fraud on FTX customers.
SBF’s likely defense
Continue Reading on Coin Telegraph
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© Reuters.
FTX founder Sam “SBF” Bankman-Fried, once described as the “golden boy” of crypto, is set to stare down a jury next week for his role in the collapse of his $32-billion crypto exchange.
After a jury selection process on Oct. 3, the trial begins in earnest on Oct. 4, with Bankman-Fried facing seven charges. If found guilty on all counts, he faces a maximum sentence of 115 years in prison.
Life behind bars?
Breaking down the charges
- Committing wire fraud on FTX customers
- Conspiring to commit wire fraud on FTX customers
- Committing wire fraud on Alameda Research lenders
- Conspiring to commit wire fraud on Alameda Research lenders
- Conspiring to commit securities fraud against FTX investors
- Conspiring to commit [commodities?] fraud against FTX customers
- Conspiring to commit money laundering to hide the proceeds of wire fraud on FTX customers.
SBF’s likely defense
Continue Reading on Coin Telegraph
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