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Will Sam Bankman-fried testify at FTX fraud trial?

FILE - FTX founder Sam Bankman-Fried arrives at Manhattan federal court, Friday, Aug. 11, 2023, in New York. A lawyer for Bankman-Fried said Wednesday, Oct. 25, 2023, the FTX founder plans to testify at his fraud trial.

Will Sam Bankman-fried go to prison?

Bankman-Fried now faces the prospect of spending decades in prison after being convicted on charges including securities fraud, wire fraud and money laundering. The jury reached its verdict after just five hours of deliberations. FTX founder Sam Bankman-Fried's trial is about to start. Here's what you need to know Bankman-Fried is likely to appeal.

Did Bankman-fried steal money from FTX?

What was said in opening arguments in court: Prosecutors argued that Bankman-Fried stole billions in customer funds for his own purposes, a fraud discovered only after FTX blew up last fall. What appeared to be a success “was built on lies,” according to Thane Rehn, an assistant U.S. attorney.

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