Welcome to Crash Course, a podcast about business, political and social disruption and what we can learn from it.

I'm Tim O'Brien.

Every week on Crash Course, I'm going to bring listeners directly into the arenas where epic up peevils occur.

And I'm going to explore the lessons we can learn when creativity and ambition collide with competition and power.

Listen to Crash Course every Tuesday on the iHeart radio app, Apple Podcasts or wherever you get the podcasts.

This is Breaking News from Bloomberg.

A jury here in New York has reached a verdict in the Sam Bankman Friedfraud trial.

He has been found guilty on all seven counts that include fraud and conspiracy.

Let's bring in Bloomberg Radio Legal Analyst June Grasso, also host of Bloomberg Law June.

Is this a surprise to you?

It's not a surprise because the evidence against him was overwhelming.

And in the closing arguments, the prosecutor kept mentioning, if you believe Caroline Ellison, if you believe Gary Wong, if you believe this one, then he's guilty.

And it was really a masterful close, but I think what did it is Sam Bankman Fried took stand in his own defense.

And when a defendant takes to stand that way, the whole thing in the jury's mind becomes a credibility game.

How credible does they find him?

And though he was put on direct during cross, he was caught up a lot by the prosecution.

He said, I don't know. I don't know over and over again.

And he had a problem with all the statements he's made.

He made in between the time that STX went bankrupt and the time when he was arrested.

So he talked to so many people, reporters, and all and did interviews after interviews.

And he was confronted with some of the statements he said there.

So it was a really difficult uphill battle.

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