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    CAROLINE ELLISON

    Sam Bankman-Fried prosecutor says Gary Wang's cooperation sped up case

    Speaking five days after Sam Bankman-Fried was sentenced to 25 years in prison, Assistant U.S. Attorney Thane Rehn said former FTX Chief Technology Officer Gary Wang's assistance was key to helping investigators understand how Bankman-Fried stole $8 billion in customer funds.

    What charges was Sam Bankman-Fried convicted of?

    Prosecutors say Bankman-Fried embezzled customer money to plug losses at Alameda Research, a crypto hedge fund he owned, as well as to make investments, buy real estate in the Bahamas, and donate to US political campaigns.

    Ex-crypto mogul Sam Bankman-Fried convicted of multi-billion dollar FTX fraud

    The jury reached the verdict after just over four hours of deliberations. Bankman-Fried, who had pleaded not guilty to two counts of fraud and five counts of conspiracy, stood facing the jury with his hands clasped in front of him as the verdict was read. The conviction was a victory for the U.S. Justice Department and Damian Williams, the top federal prosecutor in Manhattan, who made rooting out corruption in financial markets one of his top priorities.

    Sam Bankman-Fried's wild rise and abrupt crash

    After a speedy trial in Manhattan federal court, the onetime crypto king, now 31, was convicted on Thursday of seven counts of fraud and conspiracy involving his companies FTX and Alameda Research.

    Sam Bankman-Fried grilled by prosecutor about interviews following FTX's collapse

    The questioning by prosecutor Danielle Sassoon, on the second day of Bankman-Fried's testimony in his own defense at his fraud trial, was part of an effort to undercut the 31-year-old former billionaire's credibility after he told jurors last week he did not steal customers' money.

    Sam Bankman-Fried testifies he believed FTX was 'fine' until just before collapse

    Testifying in his defense at his fraud trial for a second day, the 31-year-old former billionaire recounted the dramatic days leading up to FTX's collapse, and sought to dispute prosecutors' argument he misled the public about the exchange's health to try to slow a tsunami of customer withdrawals.

    The Economic Times
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