Former FTX CEO Sam Bankman-Fried is scheduled for sentencing Thursday, March 28, following his November conviction by a federal jury on wire fraud and conspiracy charges. The jury found Bankman-Fried guilty of misappropriating $8 billion from FTX depositors’ funds for lavish expenditures, including Caribbean properties and private jets.
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Former FTX CEO Sam Bankman-Fried to be sentenced

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Sam Bankman-Fried, the ex-cryptocurrency mogul, is set to be sentenced after a conviction for a $8 billion fraud involving FTX.

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