The hearing took place as expected on Tuesday but the sanction for what the sport's governing body described as "the worst case of corruption" has been delayed until Wednesday.
Lee has been found guilty of match-fixing in regards to seven matches played in 2008 and 2009 - and he could face a life ban.
The charges related to a match at the 2009 World Championship, three from the 2008 Malta Cup, two matches at the 2008 UK Championship and a further match at the 2009 China Open.
The charge against Lee was described by the World Professional Billiards and Snooker Association as providing information "that is not publicly available" and deliberately influencing "the outcome or conduct of a fame."
Following the verdict the WPBSA released a statement which read: "Stephen Lee is found guilty of 'agreeing an arrangement... (and of) ...accepting or receiving or offering to receive... payment or... other... benefit... in connection with influencing the outcome or conduct of' each of the seven matches in breach of Rule 2.9."