FTX Founder Convicted Of Defrauding Customers

NEW YORK (AP) — A New York jury has convicted FTX founder Sam Bankman-Fried of fraud charges. The 31-year-old California man was convicted Thursday in Manhattan federal court by jurors who rejected his testimony that he didn’t defraud thousands of customers worldwide who counted on him to safeguard the billions of dollars they deposited in accounts. Bankman-Fried has been jailed since August, when a judge concluded he’d tried to influence prospective trial witnesses. He was extradited to the United States last December from the Bahamas, where he had operated the FTX cryptocurrency exchange and a hedge fund, among other businesses.