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There Will Be Another Sam Bankman-Fried - The Atlantic

theatlantic.com · 1,020 words · saved by 1 readers

Over and over during Sam Bankman-Fried’s trial, lawyers showed pictures of the FTX founder living his best life. There he was at the Super Bowl flanked by Katy Perry and Orlando Bloom. There he was on a private jet, sleeping with his hands folded. There he was onstage, in shorts and a T-shirt, with Bill Clinton and Tony Blair. The very traits that made him a cause célèbre in Silicon Valley—his intellect, his obsession with scale, his story—turned into liabilities. This evening, after deliberating for just a few hours, a jury found him guilty of all seven charges he faced, including counts of wire fraud, and conspiracy to commit money laundering and securities fraud. Bankman-Fried’s charges together carry a maximum sentence of 110 years. Judge Lewis Kaplan, who oversaw the trial, is set to determine his sentence in March. Outside the courthouse this evening, the U.S. attorney for the Southern District of New York, Damian Williams, told reporters that “this kind of corruption is as old a

Over and over during Sam Bankman-Fried’s trial, lawyers showed pictures of the FTX founder living his best life. There he was at the Super Bowl flanked by Katy Perry and Orlando Bloom. There he was on a private jet, sleeping with his hands folded. There he was onstage, in shorts and a T-shirt , with Bill Clinton and Tony Blair. The very traits that made him a cause célèbre in Silicon Valley—his intellect, his obsession with scale, his story —turned into liabilities. This evening, after deliberating for just a few hours, a jury found him guilty of all seven charges he faced, including counts of

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