From FTX indictment to conviction: the US case against Sam Bankman-Fried

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Archive note: This article began as a December 2022 report about criminal allegations and was updated in August 2026 to record the later outcome.

US prosecutors announced an indictment of FTX founder Sam Bankman-Fried on 13 December 2022. The charges included wire fraud, securities fraud, commodities fraud, money laundering and campaign-finance conspiracy allegations. At that stage, the charges were allegations and he was presumed innocent.

A federal jury later convicted Bankman-Fried in November 2023. On 28 March 2024, the US District Court for the Southern District of New York sentenced him to 25 years in prison.

Primary sources: DOJ indictment announcement; DOJ sentencing announcement.

This is a historical legal report, not investment advice.

Location: United States

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