William Balfour Guilty -- Verdict in Jennifer Hudson Family Murder Trial

William Balfour has been found GUILTY of murdering three members of Jennifer Hudson's family.

The verdict was handed down moments ago after three days of deliberations.

Balfour was convicted of 1st degree murder in the deaths of Jennifer's mom Darnell Donerson, her brother Jason Hudson, and nephew Julian King. Balfour was also convicted of home invasion and residential burglary.

Jennifer Hudson was present in court when the verdict was read.

31-year-old Balfour stands convicted of the triple murder after allegedly flying into a blind and jealous rage in 2008 -- over a balloon gift for Julia Hudson, Balfour's ex and Jennifer's sister.

Prosecutors say Balfour thought the gift was from Julia's new boyfriend and he snapped.