The crypto fraudster Sam Bankman-Fried was just convicted on all counts against him in his jury trial and he faces a lot of prison time.

According to TMZ, SBF was found guilty on 7 charges with some of the carrying a minimum sentence of 20 years.

Here’s more:

FTX founder Sam Bankman-Fried is not going to the moon, instead he appears headed for prison … he’s been found guilty on all counts against him in his federal cryptocurrency fraud case.

Federal law enforcement sources tell TMZ … a jury in New York City convicted the disgraced “Crypto King” on all seven counts of fraud, money laundering and conspiracy … the latest development in one of the largest financial fraud cases in U.S. history.

The jury verdict came back Thursday … SBF was found guilty on two counts of wire fraud conspiracy, two counts of wire fraud and one count of conspiracy to commit money laundering … each carries a maximum 20-year prison sentence.

Sam was also convicted on one count of conspiracy to commit securities fraud and one count of conspiracy to commit commodities fraud … each carries a maximum 5-year prison sentence.

All told, SBF is facing up to 110 years behind bars.

Our sources say after the guilty verdict came down, Sam appeared despondent and sort of upset … starting to tear up.

Yeah I bet he was despondent. Even a quarter of the prison sentence he faces is a long time. SBF won’t be sentence until March of next year.