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Podcast: Sam Bankman-Fried - Biography Flash
Episode: Sam Bankman Fried found Guilty
Description: On November 2, 2023, Sam Bankman-freed was found guilty on all seven counts of fraud and conspiracy. He faces a maximum sentence of life in prison.The verdict was the culmination of a two-week trial in which prosecutors argued that Bankman-freed had orchestrated a "pyramid of deceit" to defraud investors and customers of his crypto exchange, FTX. They alleged that he had used customer funds to prop up his hedge fund, Alameda Research, and to make risky investments.The defense argued that Bankman-freed had made innocent mistakes and that he had never intended to defraud anyone. However, the jury rejected this argument...