Standing outside the Bahamas Securities Commission, Gary Wang watched Sam Bankman-Fried and his father, Joseph Bankman, walk inside.
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These Are the Potential Witnesses in Sam Bankman-Fried’s Crypto Fraud Trial - BNN BloombergSam Bankman-Fried, on trial for multiple counts of fraud related to the collapse of his FTX crypto exchange, has denied all the allegations against him. Now, it will be up to the jury to decide whether he acted “in good faith,” as his lawyers maintain, or “lied to the world” as the prosecution argued in their opening statements.
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Sam Bankman-Fried’s FTX Luxury Private Jets Now in US Crosshairs - BNN BloombergFor the ultra-wealthy white-collar defendant facing serious felony charges, the risks of prison and fines are well known. But there’s one problem that gets less attention.
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Sam Bankman-Fried Told MIT Friend $8 Billion Hole Meant FTX Wasn’t ‘Bulletproof’ - BNN BloombergSam Bankman-Fried last year told a close friend from MIT who joined FTX as a software developer that the cryptocurrency exchange was no longer “bulletproof” amid mounting failures in the industry and $8 billion that had been lent to affiliated hedge fund Alameda Research.
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Sam Bankman-Fried’s onetime roommate Gary Wang takes stand at trialGary Wang, FTX’s former chief technology officer, is the first of three former close associates of Bankman-Fried to testify at the trial
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FTX's Sam Bankman-Fried demanded special privileges for his hedge fund, fraud trial toldFTX founder Sam Bankman-Fried arrives at Manhattan federal court, Friday, Aug. 11, 2023, in New York. York. Bankman-Fried returned to New York City for a bail hearing Friday that could decide whether the fallen cryptocurrency wiz must go to jail while he awaits trial.
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FTX co-founder testifies against Sam Bankman-Fried, saying they committed crimes and lied to publicProsecutors went to the heart of their case against FTX founder Sam Bankman-Fried on Thursday as the company's co-founder began his testimony, telling a New York jury that he and Bankman-Fried committed financial crimes and lied to the public before the cryptocurrency trading platform collapsed last year.
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