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Sam Bankman-Fried, the former CEO and founder of cryptocurrency exchange FTX, is currently on trial for criminal fraud and conspiracy. Bankman-Fried is accused of bilking investors out of billions of dollars when his company spectacularly collapsed.
The trial is not going well for SBF. His former lover, Caroline Ellison, provided damning testimony against him two weeks ago. Ellison — who has already pleaded guilty to several counts of financial fraud — told the court that Bankman-Fried thought rules like “don’t lie” on balance sheets and “don’t steal” from customers didn’t apply to him. In Bankman-Fried’s own emails, he dismisses financial regulations and the officials who enforce them in the most vulgar terms.
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