During his ongoing fraud trial, defense for the disgraced crypto mogul Sam Bankman-Fried argued that their client was acting in “good faith”.
In November of last year, it was discovered that some of FTX's funds had been committed to risky operations by Alameda, Bankman-Fried's personal hedge fund. One of the lawyers acknowledged that FTX funds had been used by Alameda, but argued that it was simply a matter of investing the money, not embezzling it.
"Sam didn't defraud anyone," one of the Bankman-Fried’s lawyers said. "There was no theft." According to his legal team, Bankman-Fried had to make "hundreds of decisions a day. As a result, some things got overlooked"
> During his ongoing fraud trial, defense for the disgraced crypto mogul Sam Bankman-Fried argued that their client was acting in “good faith”.
> In November of last year, it was discovered that some of FTX's funds had been committed to risky operations by Alameda, Bankman-Fried's personal hedge fund. One of the lawyers acknowledged that FTX funds had been used by Alameda, but argued that it was simply a matter of investing the money, not embezzling it.
> "Sam didn't defraud anyone," one of the Bankman-Fried’s lawyers said. "There was no theft." According to his legal team, Bankman-Fried had to make "hundreds of decisions a day. As a result, some things got overlooked"
> [source](https://gab.com/RT/posts/111186542948172440)
(post is archived)