SBF Faces Decades in Prison After Swift Guilty Verdict (4)

Sam Bankman-Friedwas convicted of a massive fraud that led to the collapse of his FTX exchange, following a month-long trial that pitted the testimony of the former crypto king against that of some of his closest friends.

Bankman-Fried was found guilty of seven counts of fraud and conspiracy after jurors in Manhattan deliberated for less than five hours Thursday. He faces as much as 20 years in prison on each of the most serious charges. Judge Lewis Kaplan set a sentencing date in March.

Sam Bankman-Fried, left, stands as the jury foreperson, standing far right, reads the verdict with Judge Lewis Kaplan presiding on the bench in Manhattan federal court in New York on Nov. 2.

Source: Elizabeth Williams/AP Photo

The verdict is a win for Manhattan US Attorney Damian Williams in the highest-profile ...