Bankman-Fried distanced himself from allegations of fraud in his draft, which was not read out in full at Tuesday's hearing.
In the planned testimony, he blamed himself for making a"number of significant mistakes" but said he didn't know about risky investments executed by FTX. "I thought that I could hold FTX together despite the expansion. I was wrong," he wrote."I bit off more than I could chew, and ended up failing to focus on risk management." by the Securities and Exchange Commission on Tuesday, and is accused by authorities of diverting"billions of dollars" of FTX's customer funds for"his own personal benefit and to help grow his crypto empire.
Bankman-Fried's spokesperson, Mark Botnick, told Insider he had no further comment on Bankman-Fried's testimony draft.Subscribe to push notifications
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'Try to make adderall boy look normal. Get him a haircut and put him in a dull suit.' 🙄🙄🙄
This is what happens when you put a child doing an adult work.
So many fantasy claims! Missing are honesty and ethics!
Again, pathological liars are a trip.
What an overindulged self-centered jerk.
Lmao if he really thinks that’s the case then he’s readying up for that 114 year sentence 🤣
Hence he used quickbook 😂😂😂… better job for you guys is to quit this space…
I'm pretty sure it was the decision to take customers money as his own piggy bank.
Sure. Just maybe commingling customer accounts was worse.
Nothing to do with the intentional fraud lmao. Ok Samuel.
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SBF could be sentenced to 115 years in prison for FTX, Alameda chargesInsider tells the global tech, finance, markets, media, healthcare, and strategy stories you want to know. Call it life sentence That's a lot of if's Fraud!!!
Source: BusinessInsider - 🏆 729. / 51 Read more »