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Record · Fraud

Sam Bankman-Fried

FTX founder

Told customers and the public that FX funds were safe while billions in customer money had been moved to his hedge fund, Alameda Research. A jury convicted him on all seven fraud counts, and he was sentenced to 25 years.

1 receipt on file · Last reviewed 2026-08-03

Filed receipts

RECEIPT_01 · 2022-10 — 2022-11 Criminal conviction

The claim

FTX was solvent, customer funds were safe, and Alameda Research was not secretly financed with customer money.

Made in: Public statements and tweets as FTX collapsed

The proof

Trial evidence showed billions in FTX customer funds had been diverted to Alameda Research for trading, real estate, and political donations. On November 2, 2023, a jury convicted Bankman-Fried on all seven counts, including wire fraud on customers and securities fraud; he was sentenced to 25 years.

The record

United States v. Bankman-Fried — U.S. District Court for the Southern District of New York · No. 1:22-cr-00673

Outcome: Convicted on all seven counts (November 2, 2023); sentenced to 25 years (March 2024)

A jury or judge found fraud or false statements proven beyond a reasonable doubt at trial.

Trial of Sam Bankman-Fried — trial record ↗

What this file is

This dossier collects contradictions established in legal records. It is not a verdict on everything Sam Bankman-Fried has ever said, and it does not assert intent. Where outcomes have changed on appeal or review, the receipt says so.

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