"Key Testimony Reveals Bankman-Fried's Disregard for Rules and FTX's Collapse"

Testimony in Sam Bankman-Fried's criminal trial reveals his belief in becoming US president, the value he placed on his hair for FTX's image, and his disregard for rules like "don't lie" and "don't steal." Bankman-Fried faces charges for defrauding FTX's and Alameda's customers and investors, as well as conspiracy to commit money laundering. His ex-girlfriend and former executive, Caroline Ellison, testified that he directed her to commit fraud. FTX went bankrupt in 2022, and Bankman-Fried is accused of misappropriating funds for personal gain, campaign contributions, and operating costs.