Sam Bankman-Fried is found guilty of all charges in FTX's spectacular collapse

PO1 William "Chip" Nagel good day Brother William, always informational and of the most interesting. Thanks for sharing, have a blessed day!

PO1 William "Chip" Nagel
..."Bankman-Fried’s defense team sought to position their client as an bold entrepreneur who made significant mistakes as a result of inexperience but that none of his actions crossed the line into fraud. The jury didn’t buy it, given that so many witnesses testified about Bankman-Fried being in charge and directing key events. The trial included detailed testimony from Gary Wang, a fellow co-founder of FTX and Bankman-Fried’s longtime friend, about how a covert bit of digital code was embedded into FTX’s platform that allowed Alameda to rack up losses and tap into customer funds without that activity being evident to other users.

Investors in FTX had included Endeavor’s IMG sports division, NFL quarterback Tom Brady and New England Patriots owner Robert Kraft, according to bankruptcy court documents. Major FTX shareholders included Dan Loeb’s Third Point, Paradigm, Sequoia Capital, Thoma Bravo, Softbank, New Enterprise Associates (NEA), Temasek, Tiger Global Management and Coinbase, a crypto exchange competitor to FTX.

Following the FTX collapse and bankruptcy filing, celebrity spokespeople enlisted by the company — including Larry David, Tom Brady, Gisele Bündchen, Shaquille O’Neal and Stephen Curry — were named in a proposed class-action lawsuit accusing FTX and the “brand ambassadors” of deceptively encouraging consumers to invest in the crypto exchange."

Bankman-Fried was a top donor to Democrats in the 2020 election cycle. I wonder if Democrats will be forced to return stolen money back to the victims?