Fox News: Sam Bankman-Fried Is Found Guilty on All Charges

RUSH EXCERPT:

O’GRADY: “Sure. So, Rachel, first I have to start by saying the jury reached this verdict deliberating only 4 1/2 hours. You know that’s never a good sign for the defendant. Even the Bernie Madoff trial, it took them four days to reach a verdict. He has been convicted on all seven counts of fraud, money laundering, conspiracy. He is facing up to 110 years in prison. That doesn’t mean he will necessarily get 110 years but that is the maximum sentence for the charges he’s been convicted on. He will have a sentencing date scheduled for March 28th. Remember he had his bail revoked so right now he has been behind bars during this entire trial and the period leading up to it. We have not confirmed if he will remain behind bars. If status quo remains he will until March, that sentencing date. There is another trial scheduled for March 11th. The government has not confirmed whether they plan to go forward with that or not. Realistically he was just convicted on all of these charges so they will have to decide whether to continue pursuing that case.”