#CryptoBears scammer’s parents weep in court as he’s found guilty of £8,200,000,000 Fraud #CryptocurrencyForecast founder Sam Bankman-Fried was convicted yesterday of what has been called ‘one of the biggest financial frauds in US history’

The #FTX founder was found guilty of seven charges against him accusing him of stealing around $10 billion (£8.2 billion) from customers and investors.

A jury quickly reached a decision after starting deliberations yesterday afternoon.

His parents, Joseph Bankman and Barbara Fried who are Stanford law professors, hugged once the verdict was read out and were seen holding their heads and fighting tears.Bankman-Fried now faces up to 115 years in prison.

The 31-year-old has consistently denied the charges and his lawyer, Mark Cohen, insisted they will continue to ‘vigorously fight the charges’ until his sentencing on March 28, 2024.