Sam Bankman-Fried's trial is over — what now?
At a glance Jurors reached a decision to convict on all seven counts in under five hours on Thursday, a judgment as surprisingly swift and decisive as the trial itself. Bankman-Fried’s sentencing will take place March 28, 2024. He faces as much as 110 years in prison. The final sentence may be more like 25-50 years, but his deceptive testimony will do him no favors. The government has until February 1 to decide whether to pursue a second trial for further charges, including campaign finance fraud and bribery. Late on Thursday, November 2, a jury in Manhattan found Sam Bankman-Fried guilty on seven counts of wire fraud, conspiracy, and money laundering. The judgment marks somewhat of an end to one of the biggest financial frauds in American history. Bankman-Fried’s name is now scrawled in the mud of eternity alongside figures like Bernie Madoff, Elizabeth Holmes, Jho Low, and Charles Ponzi himself. Both the jury’s deliberation, and the trial itself, were swifter than expected....