A jury found Sam Bankman-Fried guilty of all seven criminal charges against him. The founder of FTX faces a maximum sentence of 115 years in prison.

Bankman-Fried, the 31-year-old son of two Stanford jurists and a graduate of the Massachusetts Institute of Technology, was convicted of wire fraud and conspiracy to commit wire fraud against clients of FTX and creditors of Alameda Research, conspiracy to commit securities fraud and conspiracy to commit commodity fraud against FTX investors and conspiracy to commit money laundering.

He pleaded not guilty to all charges.

The trial, which began in early October, pitted testimony from Bankman-Fried's former close friends and top lieutenants against sworn statements from his former boss and former roommate. The jury returned a quick verdict after hearing the case at around 3.15pm on Thursday and breaking for dinner at around 6pm.

At 7:37 p.m., the lawyers began rushing back to the courtroom and the clerk said that “the jury has reached a verdict.” A minute later, the jury was back in the room.

Bankman-Fried's parents were visibly nervous as they entered the courtroom. They sat on the second bench and took turns hugging each other. When the defendant, in a purple tie and black suit, returned to the table with his lawyers, he leaned back in his chair. He didn't waver and looked straight ahead.

From the top floor of the Manhattan courtroom, Judge Lewis Kaplan, who presided over the trial, instructed Bankman-fried to stand and face the jury as the verdicts were read. The only two people present in the courtroom were the foreman and the defendant.