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Bankman-Fried Knifed Again During His Own Lawyer's Questioning - Vimarsana News

Bankman-Fried Knifed Again During His Own Lawyer's Questioning

Reuters/Jane RosenbergIt was another bad day in court for Sam Bankman-Fried on Tuesday, as a turncoat prosecution witness took the stand and testified about “heinously criminal” activity at the crypto exchange FTX.The damage was done as Bankman-Fried’s own lawyer cross-examined Nishad Singh, a former FTX executive who was once close friends with Bankman-Fried’s little brother.Singh told jurors he had considered resigning from the company over FTX’s alleged decision to let Bankman-Fried’s trading

Source: yahoo.com
Sam Bankman-Fried stole billions for shopping sprees and risky investments, former FTX executive says - Vimarsana News

Sam Bankman-Fried stole billions for shopping sprees and risky investments, former FTX executive says

Nishad Singh, a former executive at cryptocurrency exchange FTX, testified on Monday that his friend and former boss, Sam Bankman-Fried, knowingly siphoned billions of dollars in customer funds to go on spending sprees, which included pricey real estate purchases and endorsement deals with celebrities like Super Bowl champion Tom Brady.

Top FTX Executive Says Sam Bankman-Fried Used Customer Money for 'Excess' Spending - Vimarsana News

Top FTX Executive Says Sam Bankman-Fried Used Customer Money for 'Excess' Spending

Nishad Singh, testifying at Mr. Bankman-Fried’s fraud trial, said FTX customer deposits were used to buy luxury real estate and to pay athletes like Tom Brady and Steph Curry for endorsement deals.

Former Top FTX Executive Testifies He Knew $8B of Customer Money Was Missing - Vimarsana News

Former Top FTX Executive Testifies He Knew $8B of Customer Money Was Missing

Nishad Singh, the latest member of Sam Bankman-Fried’s inner circle to testify, said his admiration for SBF turned to “shame” on discovering FTX execs enriched themselves with customer funds.

Source: yahoo.com
Sam Bankman-Fried's defense is baffling so far. What story do his lawyers have to tell? - Vimarsana News

Sam Bankman-Fried's defense is baffling so far. What story do his lawyers have to tell?

His lawyers have confounded observers, pissed off the judge, and dropped few clues about their endgame.

Source: slate.com