"Sam Bankman-Fried's Trial Exposes Financial Deceit and $9 Billion Disappearance"

TL;DR Summary
Prosecutors in the criminal trial against FTX founder Sam Bankman-Fried compared one of the defense's arguments to a scene in the movie "Dumb and Dumber," criticizing the claim that customers still had a credit to the funds they deposited even if the money wasn't there. The government's case centers around billions of dollars that FTX allegedly siphoned out of customer accounts to cover losses at sister hedge fund Alameda Research. Bankman-Fried, who faces seven criminal fraud charges, has pleaded not guilty and could face life in prison if convicted. The trial is set to resume next week.
- Prosecutors in Bankman-Fried trial compare defense argument to 'Dumb and Dumber' CNBC
- 'Oof': Sam Bankman-Fried's Trial Reveals Inside Details of How FTX Died The New York Times
- SBF Made $9 Billion Disappear. This Forensic Accountant Found It Yahoo Finance
- Sam Bankman-Fried's trial is telling a story of classic financial deceit Cointelegraph
- Sam Bankman-Fried trial: Week 3 Recap Yahoo Finance
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