Boy Genius No More: Sam Bankman-Fried Convicted on All 7 Counts

1 year ago 381

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After four weeks of brutal testimony detailing his sex life, his alleged financial crimes, and his glory days as a multi-billionaire, Sam Bankman-Fried earned a new title on Thursday: convicted fraudster.

A federal jury in Manhattan deliberated for less than a day before finding him guilty on all seven counts. He faces more than 100 years of possible prison time.

The verdict capped Bankman-Fried’s precipitous fall from grace. Just two years ago, Forbes named him one of the youngest newcomers ever to its list of the country’s richest people, with a net worth of $22.5 billion. He mingled with Bill Clinton, Tony Blair, and Tom Brady, courted U.S. senators from both parties, and splashed out on luxury real estate.

Read more at The Daily Beast.

Source: www.thedailybeast.com
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