Sam Bankman-Fried Found Guilty , on All Fraud Counts.<br />The FTX founder has been convicted of <br />seven criminal counts of fraud, CNBC reports.<br />Five counts pertain to conspiracy, and <br />two counts are associated with wire fraud.<br />The maximum sentence that the <br />31-year-old faces is 115 years in prison.<br />Damian Williams, U.S. attorney for the <br />Southern District of New York, issued a <br />statement after Bankman-Fried was found guilty.<br />Damian Williams, U.S. attorney for the <br />Southern District of New York, issued a <br />statement after Bankman-Fried was found guilty.<br />Sam Bankman-Fried perpetrated <br />one of the biggest financial <br />frauds in American history, Damian Williams, U.S. attorney for the <br />Southern District of New York, via statement.<br />This case should send a clear message <br />to anyone who tries to hide their crimes <br />behind a shiny new thing they claim no one <br />else is smart enough to understand: the <br />Justice Department will hold you accountable, Damian Williams, U.S. attorney for the <br />Southern District of New York, via statement.<br />Mark Cohen, Bankman-Fried's attorney, said that <br />his client “maintains his innocence and will continue <br />to vigorously fight the charges against him.”.<br />His legal team will likely <br />appeal the verdict, Fox News reports. .<br />A sentencing hearing has been set for March 28
