Updated Nov. 2, 2023 9:03 pm ET
FTX founder Sam Bankman-Fried was convicted of stealing billions of dollars from customers of the doomed crypto exchange, in what prosecutors called one of the biggest financial frauds in U.S. history.
The verdict, delivered by a New York federal jury, capped the stunning fall of the onetime crypto king, whose shaggy-haired boy-genius persona helped catapult FTX into a powerhouse trading platform that sponsored sports teams and ran glitzy ads featuring football great Tom Brady, model Gisele Bündchen and comedian Larry David.
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