The parents of financially profited off his 'web of deceit' in which he defrauded customers out of a total of $8billion.He committed one of the biggest financial frauds in American history - by using FTX customer deposits to prop up risky investments in fledgling hedge fund Alameda, which was run with his ex-girlfriend Caroline Ellison.The 31-year-old billionaire was convicted of two counts of fraud and five counts of conspiracy. He now faces a prison sentence of up to 110 years.
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