Independent thinking for complex markets and current events
by Chris Black I hadn’t been following this story closely, but I’d figured his lawyers would draw it out longer. RT: FTX founder Sam Bankman-Fried has been found guilty on seven counts of fraud and conspiracy linked to his ill-fated cryptocurrency exchange and a related hedge fund. The verdict, delivered on Thursday evening by a …
As Sam Bankman-Fried took the stand on Thursday, a crowded galley of onlookers saw firsthand why defendants typically do not testify at their own criminal trials, with prosecutors eviscerating the disgraced crypto founder during an hours-long cross-examination without jurors present. Bankman-Fried’s lawyers first indicated at a teleconference call on Wednesday that their client would testify …
by thebusiness7 This diagram shows SBF’s political donations using stolen funds. Viewers will find it interesting since it gives some transparency as to where he was funneling the money politically.