SDNY: "A verdict has been reached and will be read in U.S. v. Samuel Bankman-Fried."

FTX founder Sam Bankman-Fried found guilty of defrauding customers.

The 12-member federal court jury, after some four hours of deliberations, convicted SBF on all seven counts.

The charges on which Sam Bankman-Fried has been convicted carry a maximum sentence of 110 years.

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