-
Here Are the Key Takeaways From Sam Bankman-Fried Trial’s Opening Statements
Here are the key takeaways from the opening statements in Sam Bankman-Fried’s trial over the collapse of FTX on Wednesday. • Prosecutors leaned heavily into their allegations that Bankman-Fried knowingly committed fraud and deceived customers about the safety of their funds, taking billions of dollars from thousands of victims. They claim that Bankman-Fried took money whenever he wanted in order to fund a lavish lifestyle that included hangouts with celebrities and massive luxury real estate purchases. “He had wealth, he had power, he had influence, but all of that was built on lies,” Assistant US Attorney ... (full story)