On November 2, 2023, Sam Bankman-Fried, the founder of the FTX cryptocurrency exchange was found guilty of fraud and money laundering. Federal prosecutors are alleging that he defrauded FTX customers out of upwards of $8 billion. In his ongoing coverage of the case, Law360’s Phil Bantz spoke with Attorney Eugene Gorokhov regarding the sentencing implications of SBF’s conviction.
Federal Jury Acquits Guanghua Jin of Lead Bank Fraud Conspiracy Charge Following Second Trial
Washington, D.C. — On April 29, 2026, a federal jury in the District of Columbia acquitted Guanghua Jin of conspiracy to commit bank fraud, the lead charge in a long-running prosecution arising from alleged sanctions-related conduct. The jury was unable to reach a unanimous verdict on the remaining counts. The verdict followed Mr. Jin’s second