tonight sam brinkman freed found guilty on all seven charges of fraud and conspiracy. >> this kind ofd of corruption is as old as time. we have no patience for it. speak of the entrepreneur and founder of trading company ftx is accused of stealing as much as $10 billion in customer funds defrauding those customers and the lenders of alameda resed hedge funds. in november of last year, the company filed for bankruptcy and he resigned as ceo. >> sam beckman freed had one of the biggest frauds and history. a multibillion-dollar scheme designed to make him the king of crypto. speakof the jury of nine women and three men began deliberating just this afternoon on the seven counts that include wire fraud, securities fraud, and money laundering. key witnesses against the 31-year-old included his ex-girlfriend and former roommates who also pleaded guilty as coconspirators. >> it's also a message, it's a warning, this case to every single fraudster out there who thinks they are untouchable. >> reporter: mr. sam beckman freed's legal team maintains his innocence. they say they will appeal, but s

a monic brinkman ship country has nothing to do with this country that corporates and interacts with us is our best partner, gilbert. what do you think about the accusation that equitorial gimme is accommodating a chinese military base summer? these are statements that we often refuse because in order to claim that equitorial gimme wants to accommodate the chinese military base, it is necessary to prove it. a country maintains excellent relations with the whole countries in this sense. we have very good relations with china and the moment see if we talk about international security. our country is working with china in the area of defense, chinese instruct as a training ministry. if this interaction is considered to be the establishment of the military base and such statements, the groundless so we can say we're talking about the country solver and t n neutrality. so yes, about sovereignty and neutrality, you know, $50000.00 or less, you on how much you assess equitorial. again, those relations with washington in the west as a whole, given the west has and both sanctions on your son

instead of leave, i followed that mr. brinkman's press conference. welcome, tanya. what stood out to you? mean it's the 3rd time that the secretary of state until lincoln was c a, a doing this more. and again, he reiterated as far as rights to defend itself, you actually as such as actually no obligation to defend itself. but also i think the emphasis this time was on as he put it, we need to do more to protect palestinian civilians and goals. and to that, and she said that, you know, there would be working on more humanitarian assistance. she actually said that, you know, from 0 when more trucks up to 100 trucks as a uh, into gaza. and uh, you know, also uh for, and this, and to a national, posting into a nationalist could be going out of college. one of the main messages here, but you also said they're working on humanitarian pauses, but she also said and disregard that how when and where this is still under discussion. so this is of course, a blow to all of you, many tearing organizations and the united nations doesn't have called for of a cease fire full stuff.

industry and we have seen prices down and venture capital investment down and we've seen not only mr brinkmanapse and they remain at the heart of this case. they remain at the heart of this case-— they remain at the heart of this case. ~ 1, ,, ., this case. --mr bankman-fried. so what has _ this case. --mr bankman-fried. so what has happened _ this case. --mr bankman-fried. so what has happened to - this case. --mr bankman-fried. so what has happened to ftx i so what has happened to ftx itself? , ,, , _ itself? ftx is in bankruptcy proceedings— itself? ftx is in bankruptcy proceedings with _ itself? ftx is in bankruptcy proceedings with an - itself? ftx is in bankruptcy| proceedings with an interim itself? ftx is in bankruptcy- proceedings with an interim ceo placed, trying to recover assets to figure out how much can be recovered and be paid back out to customers, investors and lenders but it's a long process and we don't get to know who will be able to see what kinds of returns or come close to being made whole. erin delmore in _ close to being made whole. erin delmore in new _ close to bei

. >> it did come up in the trial that the father joe brinkman was on a lot of the signaled group chate're all deleted so we don't know exactly what was going on in there but it seems like he was pretty connected to what was going on at ftx. >> it sure was. >> an astonishing moment for his parents were there every day of the trial, except for when the prosecution gave it closing arguments. this parents came in, they greeted sam from across the bar, nodded at him as they did every day and then they left. they couldn't sit through that. i was taken by what sheila said, they have to entertain. this but that is what they have to reckon with the fact that there is over three and a half weeks and the evidence built, built from shot seeing a family friend. and some had done all of this. i think it finally became crushing that they could take it for the final argument. >> last question, a philosophical one, the man is guilty. it took four hours. he could face 100 years in prison. that is a long time. that is longer than some riders face, think about the financial crisis? people went to jail fo

certainly need to be looked at and are being looked at on both sides of the congress to ensure that brinkman-friedctions don't happen to defraud a lot of people. i really think what will happen here is when we go to conference, assuming we go to conference, that this is going to be looked at. we'll hear from treasury on it. and also obviously the s.e.c. to see where we ought to land on this issue of no funds to carry out -- i presume any enforcement action related to crypto asset collection. i understand from the gentleman's comment there are three other agencies that would have the ability to move. mr. chairman, i think the best thing to do this amendment obviously will move forward and i'm going to urge both the s.e.c. and treasury anti-administration to look at it as it moves through conference. i reserve. the chair: the gentleman from maryland reserves. the gentleman from minnesota is recognized. mr. emmer: i appreciate our friend from maryland and his comments. i do want to point out that you are absolutely correct. the concerns here are bipartisan concerns. this is not a republican-democrat