SBF Trial, Day 18: Sam Bankman-Fried Found Guilty on All 7 Counts in Swift Verdict

Transcript

[Music] thanks for tuning in to the Unchained recap for day 18 of the criminal trial of Sam bman freed on Thursday night after less than 5 hours of deliberation a Manhattan jury found Sam bman freed guilty on all seven criminal charges in a unanimous decision he potentially faces decades in prison with a Max sentence of 115 years for multiple counts of wire fraud multiple counts of conspiracy to commit fraud and money laundering bankman freed will be sentenced on March 28th 2024 his attorney Mark Cowen said in a statemente we respect the jury's decision but we are very disappointed with the result Mr

bman freed maintains his innocence and will continue to vigorously fight the charges against him after the verdict us prosecutors including Nicholas Rose and Danielle Sassoon lined up in front of 500 Pearl Street for a post-trial conference in front of them Damen Williams United States Attorney for the southern district of New York gave a statement quote Sam bman freed perpetrated one of the biggest Financial frauds in American history a multi-billion dollar scheme designed to make him the king of crypto here's the thing the cryptocurrency industry might be new players like Sam Pinkman freed might be new but this kind of fraud this kind of corruption is as old as time and we have no patience for it at about 7:35

p.m. the prosecution team swiftly walked back into courtroom 26a which was already filled with journalists crypto degenerates family members of us prosecutors influencers among many others shortly after it was announced that the jury had reached a verdict many in the crowd audibly gasped that's because some longtime Court Watchers had surmised earlier in the day that it was highly unlikely that the jury would reach the verdict within that day Barbara freed Bank friend Freed's mother leaned her head on the shoulder of spf's father Joe bankman bankman freed himself was then led into the courtroom at 7:43 p.m.

Williams walked in and sat in the Pew behind s SPF it was silent as the courtroom waited for the jury members to walk in at 7:43 p.m. Williams walked in and sat in the first Pew which was directly behind SPF it was silent as the courtroom waited for the jury members to walk in after they had been seated judge Kaplan asked bman freed who was wearing a dark gray suit with a purple tie to stand and face the jurors jury member number four the four person who was wearing glasses also stood as she read the verdict out loud bankman freed stood Motionless In His Pew the defendant's father Joe bankman bowed forward at the

waist his face in his hands for a couple of minutes while Barbara freed covered her eyes one moment and her ears the next at one time both were seen holding hands in an attempt to comfort and support each other after jury members found their son guilty after the jury filed out spf's parents stood in the first Pew behind bankman freed who was conferring with his lawyers he did not turn to look at them then just as he was about to leave the courtroom he looked back at his parents and gave a slight nod and smile Barbara freed slammed her hand into her chest near her heart the verdict was delivered on November 2nd 2023 one year to the day after coindesk leaked Alam research's balance sheet showing that the assets of the

supposedly legendary trading shop were heavily reliant on ftxs own token it was a Swift and stunning downfall for a man who his ex-girlfriend and Alam CEO Caroline Ellison said had Ambitions to be president of the United States but in the end his ill-advised media tour made the prosecutor's jobs easy and in his cross-examination they trapped him in falsehood after after falsehood on the stand as prosecutor Danielle Sassoon said Thursday morning in the government's rebuttal to the defense's closing argument quote the defendant has no obligation to testify he has a constitutional right not to but if he takes the stand it's your duty to

scrutinize what he said to consider whether it matched up with the evidence and the testimony it didn't thanks for tuning in to all our trial updates keep watching Unchained for more analysis and news on the trial Plus for those of you who haven't heard my next book deal is about FTX while the publication date is not yet set and probably won't happen for a couple years if you take interest in the story follow me on all my channels or sign up for the Unchained newsletter for further updates thanks [Music] again