Sam Bankman-Fried found guilty on 7 counts of fraud and conspiracy
Disgraced cryptocurrency mogul Sam Bankman-Fried has been found guilty on all seven charges of fraud and money laundering by a New York City jury.
Astrong
Cointelegraph/Wikimedia CommonsDisgraced cryptocurrency mogul Sam Bankman-Fried has been found guilty on all seven charges of fraud and money laundering by a New York City jury.
Bankman-Fried ran one of the world’s biggest cryptocurrency exchanges until the enterprise came crashing down last year when his firm, FTX, went bankrupt.
Following a month-long trial, the jury convicted 31-year-old Bankman-Fried on Thursday after just a few hours of deliberations. He could face decades in jail.
Prosecutors had accused Bankman-Fried of stealing around $10 billion from the exchange’s customers for his own personal use.
“He took the money,” Assistant U.S. attorney Nicolas Roos said in his closing arguments. “He knew it was wrong. He did it anyway because he thought he was smarter and better and that he could figure his way out of it.”
The court case ended almost a year after FTX filed for bankruptcy in a dramatic outcome that shocked financial markets. The American was arrested in the Bahamas in December and extradited to the U.S. for trial. Among those who testified against Bankman-Fried was former girlfriend Caroline Ellison, who said that he had arranged for customer funds to back risky investments that led to the collapse of the exchange. FTX co-founder and longtime friend of Bankman-Fried, Gary Wang, also testified against him.
During the trial, Bankman-Fried took the stand himself and experienced a cross-examination described by NPR as “withering.” During his appearance, he admitted that many people had been hurt by FTX’s downfall, though denied participating in any fraudulent activity. But the jury disagreed.
“Sam Bankman-Fried perpetrated one of the biggest financial frauds in American history; a multibillion-dollar scheme designed to make him the king of crypto,” U.S. attorney Damian Williams said in a statement after the verdict.
“This case has always been about lying, cheating, and stealing, and we have no patience for it,” he added.
Responding to the verdict, Bankman-Fried’s lawyer Mark Cohen said: “We respect the jury’s decision but we are very disappointed with the result.” Cohen added: “Mr Bankman-Fried maintains his innocence and will continue to vigorously fight the charges against him.”
Sentencing will be announced at a later date, and Bankman-Fried could appeal the verdict.
Not so many moons ago, Trevor moved from one tea-loving island nation that drives on the left (Britain) to another (Japan)…
Dell’s new UltraSharp monitors have one major innovation
Dell makes some of the best monitors and it is introducing a fresh lineup designed for office or remote work setups with a major innovation. Expanding its UltraSharp series, the company is launching four new models, all of which come with a faster refresh rate of 120Hz. Typically reserved for gaming monitors or high-end screens, the faster refresh rate is a great sign for monitors, especially on one as cheap as $380.
Furthermore, Dell is debuting the world's initial 23.8-inch, 27-inch, and 34-inch video conferencing monitors that are certified for both Microsoft Teams and Zoom.
CyberGhost Free Trial: Protect your browsing for free
In your pocket, you carry a doorway to an entirely new dimension -- the digital world. Smartphones are powerful computers, more powerful than so many systems that came before, but with that comes a certain degree of risk. From banking to social engagements and beyond, we’re all more susceptible to cyber threats. Issues like hacking, identity theft, data collection, and targeted advertising are all extremely prescient. A virtual private network, or a VPN, can make consuming the digital world a much more private endeavor, and offer a small degree of protection, and some of the best VPN services offer a free trial. A good example of this is a CyberGhost free trial, which full access to CyberGhosts’ premium level features completely free. CyberGhost is among of the best VPN for streaming, as well as the best VPN for iPhone or iPad, making a CyberGhost free trial worth taking advantage of.
Is there a CyberGhost free trial?
There is a CyberGhost free trial, and it’s one of the best VPN free trials you’ll come across. A CyberGhost free trial gets you full access to all of CyberGhost’s premium-level features with zero financial commitment, and it doesn’t even require you to provide credit card details to capitalize on it. The free trial allows you to enjoy the ultimate online experience on desktop or mobile. This includes access to CyberGhost’s one-click connect for instant, effortless VPN protection, access to CyberGhost’s blazing fast servers and IPs from 91 countries to choose from, as well as anonymous IPs that let you stream geo-restricted content and smart rules that allow you to create your own privacy triggers.
ExpressVPN Free Trial: Get a 30-day money-back guarantee
When entering a hazardous property and dealing with dangerous chemicals, you wear a hazmat suit. While there is no "hazmat" suit for browsing online, there is still a way to do your business from behind a suitable wall of protection. A VPN or virtual private network can give you a small degree of protection and help you preserve your privacy and security, one much like ExpressVPN. If you're looking for an ExpressVPN free trial or simply want to know what deals are out there, we've got you covered. There are plenty of benefits to using a VPN, so it's important you sign up to one of the best VPN services around to keep safe online. Of course, no one wants to have to pay more than they have to, and it's always a great idea to give a service or experience a test run before you dole out any money. That's why a VPN free trial is a great starting point. Here's all you need to know about the ExpressVPN free trial and other deals.
Is there an ExpressVPN free trial?
ExpressVPN doesn't actually offer its own free trial. Instead, it has a 30-day money-back guarantee. That means if you're not entirely happy with the service, you can cancel it before the month is up and get your money back.
