FTX founder convicted of defrauding crypto customers

By Larry Neumeister Associated Press

Posted November 3, 2023 11:59 AM

NEW YORK — FTX founder Sam Bankman-Fried’s spectacular rise and fall in the cryptocurrency industry — a journey that included his testimony before Congress, a Super Bowl advertisement and dreams of a future run for president — hit rock bottom Thursday when a New York jury convicted the son of Stanford law professors of fraud for stealing at least $10 billion from customers and investors.After the monthlong trial, jurors rejected Bankman-Fried’s claim during testimony in Manhattan federal court …

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