Sam Bankman-Fried found guilty.
Tangle
Isaac Saul
4.7 • 817 Ratings
🗓️ 6 November 2023
⏱️ 28 minutes
🧾️ Download transcript
Summary
Sam Bankman-Fried's conviction. On Thursday, the FTX founder was convicted of stealing billions of dollars from customers of his crypto exchange, marking one of the largest financial fraud convictions in U.S. history. After a short deliberation, a New York federal jury convicted Bankman-Fried on all seven counts he faced. He was also found guilty of money laundering and defrauding investors and lenders to FTX's sister company, a hedge fund called Alameda Research.
"SBF," as Bankman-Fried is commonly known, will face sentencing March 28, 2024 and could serve decades of prison time.
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Transcript
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| 0:40.7 | This is Tangle. |
| 0:44.8 | Good morning, good afternoon and good evening and welcome to the Tangle podcast, the place we get |
| 0:55.6 | views from across the political spectrum, some independent thinking, and a little bit of my take. |
| 1:00.5 | I'm your host, Isaac Saul, and on today's episode, we're going to be talking about Sam Bankman |
| 1:05.6 | freed, also known as SBF, who was convicted this past week found guilty of fraud, all sorts of other |
| 1:15.3 | stuff too, stealing billions of dollars. We're going to talk about exactly what the |
| 1:19.4 | crypto Wonderkin did, what we know about the trial, and what to take away from it. |
| 1:27.3 | Before we jump in, though, a quick reminder on Friday, |
| 1:30.5 | I published a piece called Israel Has No Good Options, breaking down all the different ways |
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| 1:43.3 | option to me seem to outweigh the upside. We shared that |
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