The one-time mogul stood with his hands clasped facing the jury as he was found guilty on seven counts of wire fraud and conspiracy to launder money. He faces decades in prison at a sentencing hearing that the US district Judge Lewis Kaplan set for 28 March. Thursday's verdict, reached after four hours of jury deliberation, brought an end to nearly a month of court proceedings that featured stunning testimony from his closest allies and the disgraced entrepreneur himself, who had maintained his innocence until the end.
"We respect the jury's decision. But we are very disappointed with the result. Mr Bankman-Fried maintains his innocence and will continue to vigorously fight the charges against him," read a statement from Mark Cohen, Bankman-Fried's lawyer.
His parents, the Stanford University law professors Joseph Bankman and Barbara Fried, sat in the second row holding each other's hands. Bankman sat with his head in his hands after the verdict was read.
After Kaplan left the courtroom, Cohen put his arm around BankmanFried as they spoke at the defence table. As he was led out of the courtroom by US marshals, he turned, looked at his parents and nodded.
Fried looked toward him and crossed her arms across her chest.
After the conviction, Damian Williams, the US attorney for the southern district of New York, warned that other would-be fraudsters should take note of the convicted mogul's fate.
Bu hikaye The Guardian dergisinin November 04, 2023 sayısından alınmıştır.
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Bu hikaye The Guardian dergisinin November 04, 2023 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
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