Sentenced to 115 Years, Crypto Boss Feels Never Cheated Tech – 1 hour ago

Jakarta, CNBC Indonesia – The Sam Bankman-Fried trial is coming to an end. The FTX boss was found guilty and sentenced to 115 years in prison.

The court charged him with a series of crimes related to FTX and another company he owned, Alameda Research. Even so, Bankman-Fried admitted he was not guilty of all the accusations leveled against him.

The jury found Bankman-Fried guilty of seven felonies, including electronic transaction fraud and money laundering.

According to the jury, Bankman-Fried deliberately used customer funds belonging to FTX. He used the money to buy luxury property, invest in other startups, pay sponsors, political donations, and cover losses at Alameda Research.

CNBC International wrote that the jury did not take long to find him guilty in this case. After being found guilty, Bankman-Fried just had to wait for the judge’s decision regarding punishment.

The 31-year-old man’s trial has been underway since early October. A number of witnesses were presented, including close friends of SBF and a number of high-ranking officials from FTX and Alameda Research.

One of the names presented as a witness was Caroline Ellison. The woman is known to be the CEO of Alameda Research and Bankman-Fried’s ex-girlfriend.

Another name who was a witness was Gary Wang, a friend of SBF and co-founder of FTX. He and Ellison have also admitted together, both of them also helped prosecutors carry out the prosecution of their former colleague.

[Gambas:Video CNBC]

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