Sam Bankman-Fried found guilty: How long will he be in prison


FTX founder Sam Bankman-Fried has been found guilty.

He was accused last year of orchestrating one of the biggest financial frauds in US history.

The 31-year-old was arrested last year after his firm, FTX, went bankrupt.

On November 2, he was convicted on all seven counts of fraud and money laundering.

Five of the charges Bankman-Fried was found guilty carries a maximum prison term of 20 years.

The next trial is scheduled for March 11, 2024.

He will face 110 years in prison if he receives the maximum penalty on all counts.

The former cryptocurrency billionaire is likely to appeal the decision.

Sam Bankman-Fried was worth $26 billion but now holds a net worth of $4 million.

Stay updated on all the latest in entertainment and celebrity news with Beem.