Live Updates: The Trial of FTX Founder Sam Bankman-Fried, the Verdict

for everything you need to know about the trial. We’ll have updates from the court as the jury delivers its verdict, which could happen as soon as Thursday afternoon.

As the closing arguments continue, let’s recap the charges filed against Bankman-Fried. There are twelve in total, seven of which are being tried at this, the first of two trails:Wire fraud on lenders to Alameda ResearchConspiracy to commit money laundering At the heart of each charge is a fairly straightforward allegation, lodged by the US government: Bankman-Fried and his co-conspirators swept money belonging to FTX customers into a sibling company, Alameda Research, where it was later spent. The group lied about, misrepresented or failed to mention this arrangement to various stakeholders—customers, lenders and investors—amounting to fraud, the prosecution says.

Here’s what we’re expecting to happen in court over the next couple of days. Most of today will be taken up by closing arguments, followed by a rebuttal from the production. That might run into tomorrow. But, either way, the jury should start its deliberations tomorrow. How long that takes is anyone’s guess. While it’s not unheard of for deliberations to last just a few hours, it’s rare. But, if everything moves quickly, a verdict could land as soon as early afternoon tomorrow New York time.Good afternoon and welcome to our live coverage of the trial of FTX founder Sam Bankman-Fried. A verdict could land as soon as tomorrow, with closing arguments taking place today. We’ll be reporting live from the court tomorrow to bring you all the news as it happens.

Law Law Latest News, Law Law Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

LIVE: Sam Bankman-Fried Again Blames Underlings for Alameda's Woes in FTX TrialHelene is a New York-based news reporter at CoinDesk, currently covering the criminal trial of infamous crypto mogul Sam Bankman-Fried. Helene is a recent graduate of New York University's business and economic reporting program and has appeared on CBS News and Nasdaq TradeTalks. She holds BTC and ETH.
Source: CoinDesk - 🏆 291. / 63 Read more »

Prosecutor takes aim at FTX founder Sam Bankman-Fried's credibility during trialA prosecutor questioned the FTX founder's testimony during his fraud trial, confronting him over whether his statements after the company imploded were truthful.
Source: latimes - 🏆 11. / 82 Read more »

Sam Bankman-Fried Trial: FTX Founder Testifies For Fourth DaySam Bankman-Fried faces multiple fraud charges in the collapse of his cryptocurrency firm FTX. SBF continued his testimony Tuesday.
Source: WSJ - 🏆 98. / 63 Read more »

Prosecutors hammer at Sam Bankman-Fried’s credibility in FTX fraud trialProsecutors pointed to discrepancies between public comments Bankman-Fried made and decisions taken behind the scenes.
Source: MarketWatch - 🏆 3. / 97 Read more »

Prosecutor takes aim at Sam Bankman-Fried's credibility at trial of FTX founderA prosecutor has attacked the credibility of Sam Bankman-Fried's testimony at his fraud trial, confronting him over whether he was truthful during his public appearances after FTX filed for bankruptcy last year.
Source: KPIXtv - 🏆 443. / 53 Read more »

Sam Bankman-Fried has 'regret' for not probing $8 billion debt to FTXFTX founder Sam Bankman-Fried concluded his defense in his fraud trial on Tuesday, saying he felt 'regret' for not looking into the $8 billion his hedge fund borrowed from the cryptocurrency exchange before it collapsed last November.
Source: Reuters - 🏆 2. / 97 Read more »